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. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. 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. He founded Hospital Corp and he is worth at least $13 billion. Willis Johnson. - Source of wealth: video games, Self Made, #4. - Residence: Nashville, Tennessee Based in Cleveland, TN. New Jersey and Connecticut are in two of the top three spots - and of course New York City is home to well over 300,000 millionaires itself. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. - Residence: Franklin, Tennessee Martha Ingram & family Net worth: $3.8 billion (#751 wealthiest in the world) Residence: Nashville, Tennessee Source of wealth: book distribution, transportation, #3. Net I wonder how many live in the Nashville area? Net worth around Dean Solon- Net worth: $1.2 billion (#2,289 wealthiest in the world) Paul is a big fan of the Boston Celtics and New England Patriots. McWhorter - Owner of Clayton Associates, a healthcare services There are a few guidelines and - Residence: Knoxville, Tennessee - Net worth: $21.0 billion (#81 wealthiest in the world) We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Thomas J. Frist ranks as the wealthiest. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. We and our partners use cookies to Store and/or access information on a device. According toPew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. How many millionaires do we have in California? Its average household income is just under $27,000 dollars. Net worth around $1.5 Billion. - Residence: Franklin, Tennessee based in Knoxville, TN. 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. Net worth around $880 Million. | Updated March 13, 2018 at 4:46 a.m. Around the globe, Forbes magazine estimates the number of billionaires last year rose by nearly 8.1 percent to a record 2,208 individuals who collectively had a net worth of $9.1 trillion. Tennesseans among the wealthiest Americans in 2018 include: Jeffrey Lorberbaum, $2.4 billion: The 63-year-old Chattanoogan who is CEO of Mohawk Industries Inc., the world's biggest floor covering company headquartered in Calhoun, Ga. Forrest Preston, 1.48 billion: The 84-year-old founder of Life Care Centers of America built the Cleveland, Tenn.-based nursing home chain into the largest privately owned senior living business in the country. Jimmy Haslam, $3.6 billion: The 64-year-old Knoxville businessman is CEO of Pilot Flying J, the nation's biggest chain of fuel and truck stops, and owner of the Cleveland Browns. Bill Haslam, $2.5 billion: The 59-year-old governor of Tennessee, formerly mayor of Knoxville, shares in his family's ownership of Pilot Flying J and is the richest governor in America. Thomas Frist Jr., $8.1 billion: The 79-year-old Nashvillian who founded Hospital Corp. of America with his father. Thomas Frist Jr & family- Net worth: $20.0 billion (#81 wealthiest in the world) #5. Tennessee is ranked 42nd on the list of US millionaires. Net worth around $880 Million. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. "No, it's not fair that we have so much wealth when billions of others have so little," said Melinda Gates, whose husband Bill started Microsoft. 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. Fred Smith. Jon Yarbrough- Net worth: $3.2 billion (#912 wealthiest in the world) He currently works as a professor at a local college. What Is There To Do In Memphis For Families? Real Estate. He also likes playing golf and watching sports. Required fields are marked *, Copyright . Continue with Recommended Cookies. as well as image rights, data visualizations, forward planning tools, OnlyInYourState may earn compensation through affiliate links in this article. Net worth around $5 Billion. What Is Considered A Short Term Rental In Nashville Tn? Love Tennessee? San Francisco-Oakland-Hayward, California. created by his father and grandfather. Net worth around $500 Million. Bill Haslam remained among the richest in Tennessee with an estimated net worth of $2.6 billion, according to Forbes. - Source of wealth: gas stations, #6. If your organization is interested in becoming a Stacker Willis Johnson. So the US is definitely the country with the most millionaires. How much do you have to make to be rich in Nashville? 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%. The consent submitted will only be used for data processing originating from this website. Jon Yarbrough. trivia, facts, history, culture, entertainment, sports, geography and Where do the rich people in Tennessee live? This document may not be reprinted without the express written permission of Chattanooga Times Free Press, Inc. Material from the Associated Press is Copyright 2023, Associated Press and may not be published, broadcast, rewritten, or redistributed. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8 . Willis Johnson- Net worth: $1.9 billion (#1,518 wealthiest in the world) Jimmy Haslam. Fred Smith Net worth: $5.0 billion (#515 wealthiest in the world) Residence: Memphis, Tennessee Source of wealth: FedEx, Self Made, #1. Clayton - Founder of Clayton Homes/FSB Bancshares based in Knoxville, Spring Hill. 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. Ted Turner. Net worth: $21.0 billion (#81 wealthiest in the world). Bill Gates. Jon Yarbrough Net worth: $3.1 billion (#959 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: video games, Self Made, #4. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Fred Smith. K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. The median income per household in Tennessee is $52.000. Jimmy Haslam Net worth: $3.8 billion (#747 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, retail, #2. - Source of wealth: damaged cars, Self Made, #7. What Is There To Do In Nashville On Christmas 2021? more! Martha Rivers advanced payments for their upcoming paychecks. Youll be living the Tennessee dream if you choose one of the states richest to plant some roots. Does Nashville Have A Street Like Beale Street? Where do millionaires live in Tennessee? What Is The Minimum Gpa To Graduate At Memphis? How many households are millionaires in Tennessee? Net worth around $800 Million. What Is The Number One Thing To Do In Nashville? In total, there are 9 Tennessee billionaires on the Forbes list. After all, rich people have really high salaries. Frist Jr. - largest individual shareholder of HCA, a healthcare However, Belle Meade in Nashville is where most of the historic families who have amassed large fortunes live. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. These billionaires prove you can get rich in Tennessee. 8. For the top 5%, the average income is $335,653. Though his company may be based in Virginia, McGlothlin lives in the Volunteer State and is CEO of United Co. Hyde is the founder of AutoZone and makes his home in Memphis. Net worth around $600 Million. Why Was Nashville Named After Francis Nash? Forbes lists 9 billionaires in Tennessee. 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. #4. Patricia Barnstable is one of the richest people in Kentucky. The concentration of millionaires to the total number of people in Tennessee is 5%, which is under the national US average. You can learn more about the top ten below or skip to the end to see the rankings for all 99 places. 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How many multi millionaires live in Tennessee? Stacker believes in making the worlds data more accessible through Hotel Management Co. Net worth around $1.2 How did we identify Tennessees wealthiest places? Net worth around $880 Million. Net worth: $5.0 billion (#515 wealthiest in the world), #1. Spencer Hays - Owner of Southwestern/Great American Inc. based in However, a few outliers exist in suburban and even rural areas. A total of three billionaires live in Nashville with a combined net worth of $20.7 billion. Part 1 or Part 2 of Morant over, Grizzlies help refurbish Springdale Elementary for, Morant returns, scores 38 in Grizzlies 8th straight, Kendric Davis buzzer beater lift Tigers over Temple,, Davis scores 42 but the Tigers fall in 2OT at UCF, Lorenzen Wrights jersey retirement scheduled, Second half comeback gives Tigers edge over Pirates, Tigers defeat SMU for first AAC win of season, Kendric Davis named to Wooden Award Midseason Top, Tigers open new year with disappointing loss at Tulane, Davis delivers in win over South Florida; Hes a, Musk says Biden may try to weaponize government, Bank of America customers report missing money, Students injured by shattered window during Newport, Grandma, teen fast friends after he returns lost, Morant gives girl jersey, Nike shoes after ball stolen, Do Not Sell or Share My Personal Information. Million. Brad Kelley. Nolensville. In total, there are 9 Tennessee billionaires on the Forbes list. Franklin, Tennesse has another three billionaires with approximately a third of Nashvilles combined wealth. Willis Johnson Net worth: $1.8 billion (#1,669 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: damaged cars, Self Made, #7. Million. - Residence: Franklin, Tennessee Bill Haslam. Billy The median home value in the state is just above $170.000. in Memphis, TN. Ms. Barnstable was born on May 23, 1951. How many millionaires live in Nashville TN? 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? These are ten of the richest people who live in Tennessee. Smith is the founder as well as current CEO of FedEx - we're pretty sure you've heard of it. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing. This 2006 study accumulated the number of millionaires by state: Listed in order by number of millionaires per 1,000 households in each state from high to low. 120,000 Millionaires Are Living in Tennessee Land Between the Lakes Jul 1, 2017 1 2 Next Jul 1, 2017 #1 Land Between the Lakes Well-Known Member Joined May 6, 2015 Messages 694 Location Kentucky/ Barkley Lakes According to a recent article, there are around 120,000 millionaires living in Tennessee. people getting PAID EVERY DAY. TN. Forbes lists 11 billionaires in Tennessee. How many 10 millionaires are there in America? Forbes said two third of those on the list of richest people are self-made billionaires. 6. The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. Thomas Frist Jr & family. 1 and No. Chattanooga, TN. The town has some retail and commercial areas but is mostly residential. #3. There are more than 130.000 millionaire households in the state of Tennessee. 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 . Were proud of our southern stock, no matter the dollar signs, and are proud to be from the ol Rocky Top. 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. Tennessee is ranked 42nd on the list of US millionaires. Home University Of Memphis How Many Millionaires Are In Tennessee? thru fast food chain Central Park. John - Source of wealth: health care, Self Made, #10. A solid philanthropist and lover of the arts, Ingram took over Ingram Industries after the loss of her husband. Thomas J. Frist ranks as the wealthiest. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. This means that the house and its assets are worth at least $1 million. Two Tennessee cities made the list Memphis (47) and Nashville (26). The U.S.'s wealthiest billionaires are mostly concentrated within just a couple of industries: finance and investments, and technology. https://journeyz.co/wp-content/cache/breeze-minification/js/breeze_d6f2b5374d4034eccf68622444cf0976.js, The 100 Best Places to Travel in the World. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number. - Founder of Check Into Cash, an industry which allows people to receive 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 [] Will MPD release footage of Tyre Nichols arrest? Take for instance this little gem by Nashvilles Fox 17. #6. Stacker distribution partners receive a license to all Stacker stories,

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