The Richest Billionaire in Each State 2022

There are 748 billionaires in the United States according to Forbes. The Golden State or rather California is home to the majority of these billionaires with186. New York has the second-highest number of billionaire residents, 135, while Florida has 78 and Texas has 67. The other 337 billionaires live in the remaining 38 states. However, 8 states — West Virginia, New Mexico, Alabama, Vermont, Alaska, New Hampshire, Delaware, and North Dakota, do not have any billionaires. So, who’s the richest billionaire in each state?

Arizona: Ernest Garcia II

Net worth: $8.6 billion

Source of wealth: Used cars

City: Tempe

Global rank: 246

Ernest Garcia II is a majority stakeholder in Carvana, the fastest-growing online retailer of used cars. The company which is valued at about $20 billion, was started by his son Ernest Garcia III in 2012. In 2021 Carvana was one of the newest companies to be featured on the Fortune 500 list.

Arkansas: Jim Walton

Net worth: $66.2 billion

Source of wealth: Walmart

City: Bentonville

Global rank: 16

Jim Walton is the wealthiest billionaire in Arkansas. His elder brother Rob Walton is the second-richest individual in the state. Jim’s fortune hails from Walmart, the world’s largest retailer. The company was founded in 1969 by his father, Sam Walton. Walmart is the world’s largest company by revenue ($548.74 billion).

California: Larry Page

Net worth: $111 billion

Source of wealth: Alphabet

City: Palo Alto

Global rank: 6

Page is the founder of Google, now Alphabet. He unseated Mark Zuckerberg ($79.7 billion) to become the richest billionaire in the Golden State. Larry Page stepped down as the CEO of Alphabet in December 2019 but remains a controlling shareholder and board member of the company.

Colorado: Philip Anschutz

Net worth: $10.9 billion

Source of wealth: Investments

City: Denver

Global rank: 180

The billionaire has investments in many sectors including energy, films, real estate, performance venues, railroads, newspapers, sports, music as well as theatres. He’s the owner of the Los Angeles Kings of the NHL and has stakes in other sports teams such as the Los Angeles Lakers of the NBA. He also owns the Coachella Valley Music and Arts Festival and the Staples Center.

Connecticut: Ray Dalio

ray-dalio

Net worth: $22 billion

Source of wealth: Investments & finance

City: Greenwich

Global rank: 71

Ray Dalio is the richest billionaire in Connecticut and the world’s wealthiest hedge fund manager. He’s the founder and co-chief investment officer (CIO) of Bridgewater Associates, the largest hedge fund in the world with about $154 billion worth of assets under management.

Florida: Thomas Peterffy

Net worth: $20.1 billion

Source of wealth: Discount brokerage

City: Palm Beach

Global rank: 80

Peterffy’s fortune comes from Interactive Brokers, an American international brokerage firm founded by the billionaire in 1978. Thomas owns 75% of the company, which manages assets worth more than $95.679 billion.

Also read: The 12 richest people in California

Georgia: Bernard Marcus

Net worth: $8.7 billion

Source of wealth: Home Depot

City: Atlanta

Global rank: 241

Bernard Marcus is the co-founder of Home Depot, the largest home improvement retailer in America. The company supplies products and services such as flooring, plumbing, building materials, electrical supplies among others. Home Depot also has operations in Canada and Mexico.

Hawaii: Larry Ellison

Net worth: $106 billion

Source of wealth: Oracle

City: Lanai

Global rank: 8

You are not likely to find a billionaire richer than Larry Ellison in Hawaii. The Oracle founder moved to The Big Island in 2020 officially unseating eBay founder Pierre Omidyar as the wealthiest individual in the state. According to Yahoo, Ellison owns 98% of the total land in Lanai which he bought in 2012 for about $300 million.

Idaho: Frank VanderSloot

Net worth: $2.9 billion

Source of wealth: Nutrition and wellness products

City: Idaho Falls

Global rank: 1,053

Frank VanderSloot is the founder and CEO of Melaleuca, a wellness company that sells over 400 products including supplements and foods, personal care and beauty products, pure essential oils as well as home cleaning and laundry products. The billionaire also owns Riverbend Communications, a group of radio stations in Eastern Idaho.

Illinois: Ken Griffin

ken-griffin

Net worth: $27.2 billion

Source of wealth: Hedge funds

City: Chicago

Global rank: 53

He’s the wealthiest individual in the state of Illinois and the CEO of the hedge fund and financial services company Citadel. The billionaire founded Citadel in 1990 and owns about 85% of it. One of its subsidiaries, Citadel Securities is the largest market maker in stocks and accounts for one of every five stock trades in the United States.

Also Read: The 11 Richest Cryptocurrency Billionaires in the World

Indiana: Carl Cook

Net worth: $11.1 billion

Source of wealth: Medical devices

City: Bloomington

Global rank: 177

Carl is the CEO of Cook Group, a company founded by his parents that mostly deals with the manufacture of medical devices through its subsidiary Cook Medical. The Group also has interests in real estate. Cook Group is one of the largest private companies in the U.S. It manufactures more than 16,000 products which are sold in more than 130 countries.

Iowa: Harry Stine

Net worth: $6.9 billion

Source of wealth: Agriculture

City: Adel

Global rank: 350

The billionaire made his fortune by licensing soybean and corn genetics to agribusiness giants like Syngenta. He owns Stine Seed Company, the world’s largest private seed company. Harry Stine is the only billionaire in Iowa and is the biggest landowner in the state with about 15,000 acres of land.

Kansas: Charles Koch

Net worth: $60 billion

Source of wealth: Koch Industries

City: Wichita

Global rank: 21

He’s the co-owner of Koch Industries, the second-largest privately held corporation in the U.S. The $115 billion company has interests in sectors such as commodities trading, energy & petroleum, cloud computing, finance, and minerals among many others.

Kentucky: Tamara Gustavson

Net worth: $8.5 billion

Source of wealth: Self storage

City: Lexington

Global rank: 251

Her fortune comes from her 11% stake in the storage company, Public Storage founded by her father in 1972. Public Storage is the largest brand of self-storage services in America. It operates over 2,200 self-storage locations in the United States, Europe, and Canada.

Louisiana: Gayle Benson

gayle-benson

Net worth: $3.8 billion

Source of wealth: Pro sports team

City: New Orleans

Global rank: 778

She became the principal owner of the New Orleans Pelicans of the NBA and the New Orleans Saints of the NFL after the demise of her husband in 2018. The billionaire is one of 10 female NFL owners.

Maine: Susan Alfond

Net worth: $2.8 billion

Source of wealth: Shoes

City: Scarborough

Global rank: 1,096

Susan is the richest billionaire in the Pine Tree State. Her wealth comes from her stake in Warren Buffett’s Berkshire Hathaway. In 1958 Susan’s father founded the Dexter shoe company that he sold to Warren Buffett in 1993 for $433 million worth of Berkshire Hathaway stock — which has a market cap of about $730 billion.

Maryland: Stephen Bisciotti

Net worth: $5.9 billion

Source of wealth: Staffing, Baltimore Ravens

City: Millersville

Global rank: 431

He owns the largest staffing corporation in the United States, Allegis Group which he founded in 1983 from a basement. Bisciotti is also the owner of the Baltimore Ravens of the NFL. Allegis revenues are in excess of $13 billion every year.

Massachusetts: Abigail Johnson

Net worth: $21.2 billion

Source of wealth: Money management

City: Milton

Global rank: 75

Abigail is the president and CEO of Fidelity Investments as well as the chairperson of Fidelity International. Johnson owns a 24.5% stake in Fidelity Investments which is one of the world’s largest asset managers with $4.5 trillion worth of assets under management.

Also read: The richest people in New York

Michigan: Daniel Gilbert

Net worth: $22 billion

Source of wealth: Quicken loans

City: Franklin

Global rank: 71

At just the age of 22, Gilbert founded Rocket Mortgage (formerly Quicken loans) in 1985. The company is the largest mortgage lender in the United States and is valued at over $22 billion. His holding company, Rock Ventures has more than 100 subsidiaries. Daniel is the owner of the Cleveland Monsters of the NHL.

Minnesota: Glen Taylor

glen-taylor

Net worth: $2.5 billion

Source of wealth: Printing

City: Mankato

Global rank: 1,238

Glen Taylor owns Taylor corporation, which prints invitations for weddings and special events, greeting cards, business cards as well as other commercial printing services. He bought the business for $2 million in 1975. Today it is valued at about $2.3 billion. Glen is also the owner of the Minnesota Timberwolves of the NBA.

Mississippi: James Duff and Thomas Duff

Net worth: $2 billion

Source of wealth: Tires, diversified

City: Hattiesburg

Global rank: 1,513

The Duff brothers have a net worth of $2 billion each and are the richest billionaires in The Magnolia State. The brothers inherited a tire business from their father in 1983 and turned it into a huge business empire. Together, they founded and own Duff Capital Investors, a holding firm for their group of companies.

Related: The 10 richest American presidents

Missouri: Pauline MacMillan Keinath

Net worth: $8.8 billion

Source of wealth: Cargill

City: St. Louis

Global rank: 235

Pauline owns about 13% of Cargill, the largest privately held corporation in the United States by revenue and the world’s largest food company. She’s the great-granddaughter of Cargill founder, William Cargill who founded the company in 1865.

Montana: Dennis Washington

Net worth: $6.9 billion

Source of wealth: Construction, mining

City: St. Missoula

Global rank: 350

The billionaire founded the Washington Companies with a $30,000 loan from his uncle. Washington Companies has many subsidiaries including Dominion Diamond Mines which deals with diamond mining and Seaspan Corporation which has operations in the shipping and shipbuilding sectors.

Nebraska: Warren Buffett

Net worth: $118 billion

Source of wealth: Berkshire Hathaway

City: St. Omaha

Global rank: 5

He’s one of the most prosperous investors in the world. He bought his first shares at the age of 11 and his first piece of land at the age of 14 using $1,200 of his savings. Warren Buffett made $175 every month delivering newspapers at the age of 15. He first became a millionaire in 1962.

Nevada: Miriam Adelson

Net worth: $27.5 billion

Source of wealth: Casinos

City: St. Las Vegas

Global rank: 50

Miriam is the widow of Sheldon Adelson, the founder of Las Vegas Sands Corporation, an American casino and resort company. The firm is the largest casino company in the world by market capitalization ($30 billion).

New Jersey: John Overdeck

john-overdeck

Net worth: $6.5 billion

Source of wealth: Hedge funds

City: Millburn

Global rank: 386

Last year he was ranked by Forbes as the 13th wealthiest fund manager in the world. This year, the billionaire has unseated Rocco Commisso to become New Jersey’s richest person. Overdeck owns Two Sigma Investments, a New York City-based hedge fund.

New York: Michael Bloomberg

Net worth: $82 billion

Source of wealth: Bloomberg

City: New York

Global rank: 12

The former mayor is the richest billionaire in New York. He owns Bloomberg L.P which has operations in the software, financial, media and data sectors. The billionaire is a member of the Giving Pledge and has donated more than $8.2 billion to charitable causes.

North Carolina: Tim Sweeney

Net worth: $7.4 billion

Source of wealth: Video games

City: Cary

Global rank: 321

The video game programmer is the founder and CEO of Epic Games, an American software and video game developer. He founded the company in his parent’s house in 1991. The billionaire also created the Unreal Engine, one of the most used platforms for game development.

Ohio: Les Wexner & family

Net worth: $5.8 billion

Source of wealth: Retail

City: New Albany

Global rank: 438

The billionaire is the founder of L Brands, a retailer of clothing and fashion accessories. It includes brands such as Bath & Body Works, Victoria’s Secret, Express as well as Abercrombie & Fitch. L Brands is one of the 500 largest companies in the U.S by revenue.

Oklahoma: Harold Hamm

Net worth: $17.2 billion

Source of wealth: Oil & gas

City: Oklahoma City

Global rank: 98

He’s now the richest billionaire in the Sooner State after nearly doubling his wealth since last year. Harold unseated Judy & Tom Love — the owners of the Love’s Travel Stops and Country Stores chain — to become the richest billionaire in Oklahoma.

Oregon: Phil Knight

Net worth: $47.3 billion

Source of wealth: Nike

City: Hillsboro

Global rank: 27

Knight is the founder of Nike, the planet’s largest supplier of athletic shoes and apparel. The Nike brand alone is worth more than $32 billion. The company is also a major manufacturer of sports equipment. According to Forbes Phil is $44 billion wealthier than any other Oregon resident.

Pennsylvania: Jeff Yass

jeff-yass

Net worth: $12 billion

Source of wealth: Trading & investments

City: Haverford

Global rank: 156

With a fortune of about $12 billion, the former professional gambler is the richest billionaire in Pennsylvania. Yass is the managing director and founder of Susquehanna International Group (SIG), a tech and trading company.

Rhode Island: Jonathan Nelson

Net worth: $2.2 billion

Source of wealth: Private equity

City: Providence

Global rank: 1,397

Jonathan is the CEO and founder of Providence Equity Partners, a private equity firm with investments in more than 200 companies worldwide. It’s one of the main players in the industry managing funds worth more than $45 billion.

South Carolina: Anita Zucker

Net worth: $1.7 billion

Source of wealth: Chemicals

City: Charleston

Global rank: 1,729

Zucker is the chairperson and CEO of The Intertech Group, a chemical manufacturing company founded by her late husband Jerry Zucker. The billionaire is a part-owner of the South Carolina Stingrays ice hockey team.

South Dakota: T. Denny Sanford

Net worth: $3.4 billion

Source of wealth: Banking, credit cards

City: Sioux Falls

Global rank: 883

Sanford is the founder of First Premier Bank, one of the largest issuers of MasterCard credit cards in America. The billionaire has pledged to give away all of his wealth in the course of his lifetime. As of 2018, he had donated more than $1 billion.

Tennessee: Thomas Frist Jr.

Net worth: $21.8 billion

Source of wealth: Hospitals

City: Nashville

Global rank: 73

His fortune comes from HCA Healthcare which owns and operates 185 hospitals and about 2,000 care sites in 20 U.S states. HCA was ranked 62nd on the Fortune 500 list last year with revenues of over $50 billion. Thomas is a former Air Force flight surgeon.

Texas: Elon Musk

Net worth: $219 billion

Source of wealth: Tesla, SpaceX

City: Austin

Global rank: 1

Austin, Texas is the home to the world’s richest man. Elon Musk owns 17% of Tesla, the most valuable automaker in the world with a market cap of over $1 trillion. Musk invested $6.5 million in Tesla in 2004 becoming the largest shareholder as well as its chairman.

Utah: Matthew Prince and Gail Miller

Net worth: $3.2 billion each

Source of wealth: Cybersecurity (Matthew), Car dealerships (Gail)

City: Park City (Matthew), Lake City (Gail)

Global rank: 951

Ever heard of or used Cloudflare? Well, Matthew Prince is one of the founders of the company. Together with Gail Miller, the chairperson of the Larry H. Miller Group of Companies, Prince is the wealthiest billionaire in Utah. Gail also has a stake in the Utah Jazz of the NBA.

Virginia: Jacqueline Mars

jacqueline-mars

Net worth: $31.7 billion

Source of wealth: Candy, pet food

City: The Plains

Global rank: 41

She’s a member of the Mars family which founded and owns the American candy company, Mars, Inc. The company also manufactures pet food and provides animal care services. It also has operations in the United Kingdom.

Washington: Jeff Bezos

Net worth: $171 billion

Source of wealth: Amazon

City: Seattle

Global rank: 2

Although Jeff Bezos is no longer the world’s richest man, he still remains the richest billionaire in Washington, thanks to his stakes in Amazon, Blue Origin, Uber, Twitter, Business Insider among other companies.

Wisconsin: John Menard Jr.

Net worth: $16.6 billion

Source of wealth: Home improvement stores

City: Eau Claire

Global rank: 104

He’s the founder and owner of Menards, a chain of home improvement stores. The company is the third-largest home improvement firm in the U.S after Lowe’s and The Home Depot. The chain has 335 stores in 15 states with revenues of over $10 billion every year.

John Mars: Wyoming

Net worth: $31.7 billion

Source of wealth: Candy, pet food

City: Jackson

Global rank: 41

John Mars is an heir to the fortune of Mars Inc., a maker of candy and pet food. Like his sister Jacqueline Mars (the richest billionaire in Virginia), John owns a third of the company which he inherited from his father.

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