Did you know Tennessee was so wildly infused with cash? This material may not be published, broadcast, rewritten, or redistributed. How many millionaires are there in Tennessee? - Owner of H.T. W. McGlothlin - Tennessee resident and Chief executive of coal Heres what it takes to be considered rich in Nashville In Nashville, youll need to earn $115,609 or more to be considered a rich person in the top 20% of the citys 663,750 residents. Fred Smith is worth at least $6 billion. Of. Martha Ingram & family. And since HomeSnacks is our name and ranking states and places is our game, the only ten we see in Tennessee are The Volunteer States top ten richest places for 2023. What Is The Minimum Gpa To Graduate At Memphis? Net worth around $800 Million. Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. Jon Yarbrough- Net worth: $3.2 billion (#912 wealthiest in the world) Below you can find the numbers from the Mega Millions draw on January 13th 2023. 8. These billionaires prove you can get rich in Tennessee. Brad Kelley Net worth: $2.7 billion (#1,103 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: tobacco, Self Made, #5. Anti-aging serums in particular offer many benefits to aging and mature skin. Net worth around $900 Million. All Rights Reserved Powered by. Franklin, Tennesse has another three billionaires with approximately a third of Nashvilles combined wealth. What is the wealthiest county in Tennessee? Forbes lists 11 billionaires in Tennessee. What city in Tennessee has the most millionaires? However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. W. Allan Jones San Jose-Sunnyvale-Santa Clara, California. "This has been a prosperity that's been disproportionately rewarding to the people on top," Buffett said. Net worth around $520 Million. - Source of wealth: video games, Self Made, #4. The company was built by his father and grandfather. Net worth: $5.2 billion (#547 wealthiest in the world), #1. Jeffrey Lorberbaum Net worth: $1.4 billion (#2,029 wealthiest in the world) Residence: Chattanooga, Tennessee Source of wealth: flooring, #8. And if you dont find what youre looking for there, head to the bottom. The U.S.s wealthiest billionaires are mostly concentrated within justa couple of industries: finance and investments, and technology. List of Millionaires Who Give Away Money in 2022 List of Millionaires Who Give Away Money in 2022. After all, rich people have really high salaries. Net worth around $600 Million. #7. Does Jason Aldean Play At His Bar In Nashville? Chattanooga, TN. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. - Residence: Gallatin, Tennessee As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of America, was not on the Forbes 400 list. All rights reserved. Davenport III - Son of Krystal fast food founder. Thats more than 10% of households in the US. Jimmy Haslam. Its average household income is just under $27,000 dollars. - Founders of Holiday Inn, based in Memphis, TN. - Net worth: $15.0 billion (#115 wealthiest in the world) #4. Frist is also the brother of former Senate Majority Leader Bill Frist, also of Nashville. How many billionaires are there in Tennessee? Average income of residents is $90,000, and the average house price is about $350,000. Join the, Grand Ole Opry. Forbes lists 11 billionaires in Tennessee. Bridgeport-Stamford-Norwalk, Connecticut. Frederick Smith In the table further down you can see the prizes you win for matching a certain amount of these numbers depending on if you played with the . - Residence: Nashville, Tennessee Brad Kelley- Net worth: $2.5 billion (#1,150 wealthiest in the world) #9. Mark Zuckerberg. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. 7: The percentage increase in millionaires since mid-2018. Hence a person must have a net worth of at least one million USD to be recognised as a millionaire anywhere in the world. He has a net worth of $3.8 billion. - Source of wealth: gas stations, retail, #1. Today, Franklin is one of the wealthiest cities in one of the wealthiest counties in the United States. HomeSnacks is reader-supported. HomeSnacks is not just your average website. I wonder how many live in the Nashville area? Tennessee didn't score well on the list, but it beat its Mid-South neighbors, which ranked No. Meanwhile, Maryland walks away with the title of most millionaires per capita. - Source of wealth: book distribution, transportation, #3. Spring Hill. Tennessee is the thirty-fifth-richest state in the United States of America, with a per capita income of $28,764 (2017). Grundy CountyGrundy County has been ranked as the poorest county in Tennessee. 2015-2023 Chasing Chains, LLC. Summerfield But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. One of the largest celebrations the city has is Memphis in May . Willis Johnson- Net worth: $1.9 billion (#1,518 wealthiest in the world) 9. Where do millionaires live in Tennessee? The wealth in the area is relatively new too and has luxury car dealers, such as Mini, Porsche, and Audi, to thank for its growth. Fred Smith Net worth: $5.0 billion (#515 wealthiest in the world) Residence: Memphis, Tennessee Source of wealth: FedEx, Self Made, #1. Although support for individual billionaires like Elon Musk or Bill Gates is relatively strong, many Americans viewthe ultra-richas a group rather than as individualsnegatively. Net worth around $470 The richest person in Knoxville is Jimmy Haslam. Net worth around - Net worth: $5.0 billion (#515 wealthiest in the world) #1. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Thefirst billionaire everis thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. Although support for individual billionaires like Elon Musk or Bill Gates is relatively strong, many Americans view the ultra-richas a group rather than as individualsnegatively. Brad Kelley. What Is There To Do In Memphis For Families? The state has 39,220 households with $1 million or more to invest. Bill Haslam's older brother, Jimmy, still runs Pilot Flying J is is worth 30 percent more than his brother, according to Forbes. Net worth: $21.0 billion (#81 wealthiest in the world). Youll be living the Tennessee dream if you choose one of the states richest to plant some roots. Sara Blakely. Net worth around $1.5 Billion. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Visit my affiliate website and learn how to get 100 free traffic sources and more if you are not in the company, please tell me why? Fred Smith- Net worth: $4.1 billion (#662 wealthiest in the world) Thomas Frist is the richest man in Tennessee. Fast forward some 100 years to 2021: as the COVID-19 pandemic continued to rage, a record-breaking660 people became billionairesglobally, growing the previous years number by 30%. This is the City in Tennessee With the Most Billionaires. Bill Haslam. Forrest Preston - Net worth: $1.1 billion (#2,359 wealthiest in the world) - Residence: Cleveland, Tennessee - Source of wealth: health care, Self Made #10. Jimmy Haslam- Net worth: $4.9 billion (#535 wealthiest in the world) - Residence: Nashville, Tennessee #5. Nolensville. Franklin and Brentwood, Tennessee are two of the most affluent locations in the state. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. To that end, most Stacker stories are freely available to When it comes to haute accommodations, Hutton Hotel, located in Nashvilles established West End, is one of the citys best-kept secrets for celebrity sightings. Jimmy Haslam 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Millions of people read our articles every year and media outlets love to feature our work. How Can You Avoid Customs Charges from the UK to the US? Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. Heck, theres a reason famous Tennesseans like country singer Jason Aldean and hockey star Mike Fisher cant stop talking about their hometowns Spring Hill and Brentwood: these places know how to cater to the states one percent. Facebook founder Mark Zuckerberg is the fifth richest person in the world, with a net worth of $71 billion. The 58-year-old governor, who previously was mayor of Knoxville . 1. This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019).List. wWW.umartate.com Visit my affiliate website and learn how to get 100 free traffic sources and more. Recently a report from Forbes found that there are 2,755 billionaires in the world. What Is Considered A Short Term Rental In Nashville Tn? Martha Ingram & family. - Residence: Knoxville, Tennessee - Residence: Knoxville, Tennessee Net 1. Willis Johnson. In total, there are 9 Tennessee billionaires on the Forbes list. Arkansas with the second fewest has 35,286. Rank 19 State Tennessee Number of millionaire households 139,335 Share of millionaire households 5.21% Contents1 What city in Tennessee has the most millionaires?2 What [] How much does a Comfortable make in Tennessee? What Famous People Live In Brentwood Nashville? Willis Johnson. 2nd Ave just north of Broadway is the closest thing Nashville has to a Beale St setting. Meanwhile, Amazon CEO Jeff Bezos is projected to become the world's first trillionaire by 2026. How many millionaires live in Nashville TN? Morristown was ranked the poorest city in Tennessee in a 24/7 Wall St. analysis examining U.S. municipalities where households earn less than the nations median annual household income of $65,712. How many households are millionaires in Tennessee? #3. Bill Gates. Tennessee Gov. In total, there are 9 Tennessee billionaires on the Forbes list. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8 . This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number. as well as image rights, data visualizations, forward planning tools, How Do You Experience Music In Nashville? Thomas Frist Jr & family. So the US is definitely the country with the most millionaires. Bon Jovi. He is the brother of former Senate Majority Leader Bill Frist. Frederick Smith, $4.9 billion: The 73-year-old Memphis businessman who founded FedEx, one of the world's biggest package delivery companies.Other Tennesseans on the Forbes 400 list include: Martha Ingram, $4.7 billion: The 82-year-old Nashvillian whose family owns Ingram Industries, a distribution and marine firm. Brad Kelley, $2.3 billion: The 61-year-old resident of Franklin, Tenn., who founded Commonwealth Brands, maker of UA Gold and Malibu cigarettes and is one of the largest land owners in the United States. Jon Yarbrough, $2 billion: The 60-year-old resident of Franklin Tenn., started Video Gaming TechnologiesSource: Forbes magazine. #6. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Net worth around $880 Million. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. - Owner of Life Care Centers of America Nursing Homes. Of this list, nine of them live in Tennessee, and two of them live in Nashville. Sold company to Coke for $1.4 billion. Malibu. director of SunTrust Banks. This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 . GAIN ACCESS TO EVERY LOCAL INSIGHT, LEAD AND MORE! Tennessee is ranked 42nd on the list of US millionaires. A new survey has found that there are 13.61 million households that have a net worth of $1 million or more, not including the value of their primary residence. In Tennessee like in other areas they exist. 3. Google Millionaire List Grows. This means that the house and its assets are worth at least $1 million. We and our partners use cookies to Store and/or access information on a device. based in Knoxville, TN. Martha Ingram Net Worth $3.7 Billion She is the former chairman of Vanderbilt University and Ingram industries. Below is a list of the document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Sold company to Coke for $1.4 billion. Clayton - Founder of Clayton Homes/FSB Bancshares based in Knoxville, Millionaires of the 50 States, Listed by Number Per 1,000 Households in a State, from NETSTATE.COM HOME If more people are employed, the richer the future looks. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8.2 billion Total households: 567,486. What is considered a short term rental, Re: Equivalent to Beale Street? Known for large country estates and rolling hills, Brentwood is an affluent suburb south of Nashville and one of the wealthiest cities in the country. You can find out more about him on LinkedIn or his website. How many households are millionaires in Tennessee? Thomas J. Frist ranks as the wealthiest. Tennessee #8. - Source of wealth: health care, Self Made, #10. New York was second, with 135 resident billionaires which was a larger jump over third-placed Florida, with 78. Forbes lists 9 billionaires in Tennessee. Martha Ingram & family Net worth: $3.8 billion (#751 wealthiest in the world) Residence: Nashville, Tennessee Source of wealth: book distribution, transportation, #3. According to the latest data, Nolensville, has earned this honor. A solid philanthropist and lover of the arts, Ingram took over Ingram Industries after the loss of her husband. Thoughts? The investor also noted that in 1982, according to Forbes, the richest 400 Americans were worth $93 billion. Around 1,456,336 households in America have $10 million or more in net worth. Still, the state impresses with businesses such as the largest flooring company in the world. in Memphis, TN. The concentration of millionaires to the total number of people in Tennessee is 5%, which is under the national US average. Forbes estimates Tennessee's governor, Bill Haslam, is worth $2.5 billion, making him the richest of any governor or national politician in the country. All rights reserved. This makes us the 7th largest city in Tennessee and one of the fastest growing. She holds a degree in English, and has worked in the digital marketing realm with companies such as Apartments.com, USA Today and HarperCollins Publishing. Jimmy Haslam. Some have earned it honestly and honorably, for some it is old family money and some may have just won a lottery. This makes it one of the best states for first-time buyers who dont need to save as much deposit for a bank loan to buy a house. Frist Jr. - largest individual shareholder of HCA, a healthcare Patricia Barnstable Net worth: $16 million. Your email address will not be published. Paul Arnold is an education expert with over 25 years of experience in the field. Fast forward some 100 years to 2021: as the COVID-19 pandemic continued to rage, a record-breaking 660 people became billionaires globally, growing the previous year's number by 30%. Microsoft co-founder Bill Gates is the second richest person in the world with a net worth of $90 billion. FRANKLIN, TN Williamson County is once again the wealthiest county in Tennessee and among the wealthiest in the nation, according to data released by the United States Census Bureau. Hawkins owns the Southeaster Asset Management Group and just barely scrapes in at our top five - but he's not really scraping by at all, if you ask us. Tennessee is ranked 42nd on the list of US millionaires. San Francisco-Oakland-Hayward, California. Jack Lupton - Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. TN. It may be surprising, but this is the seventh year in a row that Maryland has ranked number one in the country for this metric. He founded Hospital Corp and he is worth at least $13 billion. Clayton Dont buy a teeth whitening gel before reading these reviews. #6. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8 . The 10 Richest People in Tennessee Much smaller than Brentwood, Nolensville is a suburb of Nashville and the richest town in Tennessee and is home to some of the wealthiest residents of the state. Mason Hawkins - #6. R.B. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. Net worth: $15.0 billion (#115 wealthiest in the world), #1. As the absolute largest stockholder of Dollar General, Turner is doing quite qell for himself. R.B. Billionaires are ranked by net worth as of July 31. 5. There are more than 130.000 millionaire households in the state of Tennessee. Fred Smith is worth at least $6 billion. Cal Sold company to Coke for $1.4 billion. worth around $1.8 Billion. Brad Kelley. What city in Tennessee has the most millionaires? How many multi millionaires live in Tennessee? The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. If you tell people that you live in one of Tennessees richest places, they will think that you are crazy rich. #3. This is an archived article and the information in the article may be outdated. - Founder of FedEx Corp based in Memphis, TN. Bill Gates, 62, worth $90 . Who is the richest person in Chattanooga? Known quite well for being a recluse, Kelley became a billionaire by building a discount cigarette business and has purchased the Lonely Plate tour book company. - Source of wealth: gas stations, #6. The overall style is Americana with a bit of a Hipster vibe. According toPew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. There are more than 130.000 millionaire households in the state of Tennessee. Thats 1.13% of American households. K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. What is the richest small town in America? created by his father and grandfather. The population is just under 40,000. storytelling. Thomas Frist Jr & family. Michael Buble.. 6. var sc_security="b0816e13". for 2021. Net worth: $5.0 billion (#515 wealthiest in the world), #1. You can learn more about the top ten below or skip to the end to see the rankings for all 99 places. These billionaires prove you can get rich in Tennessee. So, the truth of the matter is that when it comes to celebs, most celebrity homes in Nashville are actually in Brentwood or Franklin, TN. She is an actress who was born in Louisville, Kentucky. Thomas Frist Jr & family. Bill Haslam Net worth: $2.3 billion (#1,274 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, #6. The 10 Californian Cities with "Valley" in the Name, The 30 Best Places to Live in Southwest England. Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of . Tennessee is ranked 42nd on the list of US millionaires. Your email address will not be published. Founder of AutoZone, and largest stock holder of GTx Pharmaceutical Co. The unemployment rate tries to capture the prospects for more people to become rich. We then averaged all the rankings for a place into a Rich Score with the place having the lowest overall Rich Score, Nolensville, crowned the Richest City In Tennessee For 2023. Bill Haslam. The U.S.'s wealthiest billionaires are mostly concentrated within just a couple of industries: finance and investments, and technology. However, a few outliers exist in suburban and even rural areas. Net worth: $18.2 billion (#91 wealthiest in the world). Editors Note: Data has been updated for 2023. There are more than 130.000 millionaire households in the state of Tennessee. We analyzed 95 places in Tennessee to determine where the 1% live. Love Tennessee? Bill Haslam remained among the richest in Tennessee with an estimated net worth of $2.6 billion, according to Forbes. Chuck Feeney. This is the equivalent of $761/week or $3,299/month. 11,000,000: Number of households in the U.S. worth at least $1 million, according to the research firm Spectrem Group. Million. Jon Yarbrough. Forrest Preston- Net worth: $1.1 billion (#2,359 wealthiest in the world) #2. Neither these AP materials nor any portion thereof may be stored in a computer except for personal and noncommercial use. Paul is a big fan of the Boston Celtics and New England Patriots. Needless to say, we are very confident in our work and we are very confident in this list of the top ten richest places in Tennessee for 2023. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_0',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');So, where is Tennessees number one richest place to live? #5. - Residence: Franklin, Tennessee Fred Smith. Where do the rich people in Tennessee live? As of May 20, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $39,591 a year. Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Bill Haslam- Net worth: $2.5 billion (#1,152 wealthiest in the world) Many of them run multiple successful companies and some of them have even inherited these large companies as is the case of Martha Ingram with Ingram Industries. What To Plant In September In Tennessee? Meanwhile, Amazon CEO Jeff Bezos is projected to become theworlds first trillionaireby 2026. Thomas Frist Jr & family. Jimmy Haslam. Five Tennessee residents made the list . Average kindergarten and elementary teacher salary: $58,230. For more than 200 years, investing in real estate has been the most popular investment for millionaires to keep their money. Forbes lists 9 billionaires in . Much smaller than Brentwood, Nolensville is a suburb of Nashville and the richest town in Tennessee and is home to some of the wealthiest residents of the state. 10) James W. McGothlin - 900 million Mason Allow them to enjoy. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. distribution partner, email us at Brad Kelley- Jon Yarbrough Net worth: $3.1 billion (#959 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: video games, Self Made, #4. In Tennessee, a law was passed that allows for the sale of liquor on Sundays. He's known as the founder of FedEx. How much do you have to make to be rich in Nashville? The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. Counties with the longest life expectancy in Tennessee, Where people in Moore County, TN are moving to most, Highest-paying management jobs in Nashville, See how much plumbers, HVAC technicians, and electricians are paid in Tennessee, Places with the fastest growing home prices in Jackson County, TN, How Fentress County, TN feels about climate change, Places with the most expensive homes in Wayne County, TN, Puppies available for adoption in Chattanooga, Cities with the most expensive homes in Chattanooga metro area, 50 historic photos from American military history, https://creativecommons.org/licenses/by-nc/4.0/?ref=chooser-v1. , list of millionaires in tennessee is doing quite qell for himself stations, # 10 Henry Ford in 1925 previously mayor... Founder Mark Zuckerberg is the second richest person in the United states of billionaires between 2020 and 2021 the ten! Insight, LEAD and more celebrations the city has is list of millionaires in tennessee in may Care, Made! 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And he is worth at least one million USD to be considered rich ( top 20 % ) in is... In Tennessee largest individual shareholder of HCA, a few outliers exist in suburban and even rural areas average...
