Hotel Management Co. Net worth around $1.2 W. Allan Jones Haslam was born in Knoxville in 1954 and attended the University of Tennesee. Jimmy Haslam- Net worth: $4.9 billion (#535 wealthiest in the world) Nolensville. Also founded drive thru fast food chain Central Park. Dean Solon- Net worth: $1.2 billion (#2,289 wealthiest in the world) What Is There To Do In Memphis For Families? Dunavant - Owner of Dunavant Enterprises, a cotton manufacturer based Forbes lists 9 billionaires in Tennessee. Thomas Frist is the richest man in Tennessee. Did you know Tennessee was so wildly infused with cash? Sold company to Coke for $1.4 billion. distribution partner, email us at We bet you cant name them all! Information about your use of this site is shared with Google. 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%. What Is The Number One Thing To Do In Nashville? Meanwhile, Maryland walks away with the title of most millionaires per capita. Jon Yarbrough. In Tennessee, a law was passed that allows for the sale of liquor on Sundays. Martha Ingram & family- Net worth: $3.5 billion (#823 wealthiest in the world) In total, there are 9 Tennessee billionaires on the Forbes list. Net worth around $825 1. Although Franklin, Tennessee is also home to three billionaires, their combined net worth of $6.9 billion falls short of the combined wealth of billionaires in Nashville. Can You Room With The Opposite Gender In College? Microsoft co-founder Bill Gates is the second richest person in the world with a net worth of $90 billion. Ingram - Chairman of Ingram Industries, based in Nashville, TN. 6. Most billionaires in the state are past the age of 60, which also proves it takes time to get really rich. An overwhelming majority (approximately 96 percent) of the top 1 percent are concentrated in major metropolitan areas such as San Francisco, Washington, DC, New York, and Los Angeles. You can learn more about the top ten below or skip to the end to see the rankings for all 99 places. #6. Malibu. thru fast food chain Central Park. Davenport III - Son of Krystal fast food founder. Former Its average household income is just under $27,000 dollars. Just in case you need a simple salary calculator, that works out to be approximately $19.03 an hour. Net worth around $1.5 Billion. There are more than 130.000 millionaire households in the state of Tennessee. All Rights Reserved Powered by. This is an archived article and the information in the article may be outdated. Total net worth for this year's crop of billionaires is $6.4 trillion, up from $5.4 trillion last year. The Volunteer State has. Paul is a big fan of the Boston Celtics and New England Patriots. Other points to note are that the 90th percentile (top decile) for household assets is approximately $1.3 million; the 99th percentile (top percentile) is approximately $6.5 million; and the 99.9 percentile (the top one-tenth of one percent) is $27.8 million. wWW.umartate.com Visit my affiliate website and learn how to get 100 free traffic sources and more. Who is the richest person in Nashville TN? Jimmy Haslam. If you want to make sure you have the necessary supplies on hand to treat a future breakout, acne patches are the answer. Facebook founder Mark Zuckerberg is the fifth richest person in the world, with a net worth of $71 billion. How Do I Establish Residency In Tennessee? 10) James W. McGothlin - 900 million Mason There are more than 130.000 millionaire households in the state of Tennessee. Jeffrey Lorberbaum- Net worth: $1.2 billion (#2,198 wealthiest in the world) Stacker distribution partners receive a license to all Stacker stories, But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Patricia Barnstable is one of the richest people in Kentucky. My Business Partner Jeff is here to guide you step-by-step. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there. Martha Ingram Net Worth $3.7 Billion She is the former chairman of Vanderbilt University and Ingram industries. 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. based in Knoxville, TN. Manage Settings Please look at the time stamp on the story to see when it was last updated. Required fields are marked *, Copyright . Rich people not your cup of tea? Fred Smith. Owners of Wilson The lowest income to be considered rich (Top 20%) in Memphis is $86,964. According to the latest data, Nolensville, has earned this honor. John According to MSN, The billionaires in Nashville control more resources than any other city in the United States. Dean Solon - Net worth: $1.2 billion (#2,289 wealthiest in the world) - Residence: Gallatin, Tennessee Spencer Hays - Owner of Southwestern/Great American Inc. based in How much does a Comfortable make in Tennessee? These 5 Evil People From Tennessee Left A Dark Stain On History, 10 Shocking Things You Had No Idea Happened In Tennessee, 12 Reasons The Entire Country Should Be Thankful For Tennessee. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. This material may not be published, broadcast, rewritten, or redistributed. These billionaires prove you can get rich in Tennessee. These are ten of the richest people who live in Tennessee. There are more than 130.000 millionaire households in the state of Tennessee. company. Martha Ingram & family Net worth: $3.8 billion (#751 wealthiest in the world) Residence: Nashville, Tennessee Source of wealth: book distribution, transportation, #3. Forbes lists 11 billionaires in Tennessee. #2. Where do millionaires live in Tennessee? What To Plant In September In Tennessee? 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. more! Preston is the CEO and sole owner of the company, which is based in Cleveland, Tennessee. Which Island in Hawaii is the Cheapest to Live In? 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. These billionaires prove you can get rich in Tennessee. Billionaires are ranked by net worth as of January 3. #5. Net worth around $900 Million. 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. Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. #9. Bridgeport-Stamford-Norwalk, Connecticut. He founded Hospital Corp and he is worth at least $13 billion. Editors Note: Data has been updated for 2023. Million. Gandson of founder of Great Western Coco-Cola Bottling Co, based in Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. - Residence: Franklin, Tennessee #6. - Source of wealth: book distribution, transportation, #3. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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. your CMS. A solid philanthropist and lover of the arts, Ingram took over Ingram Industries after the loss of her husband. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Here are the 10 richest places in Tennessee for 2022: Nolensville Brentwood Signal Mountain Germantown Farragut Spring Hill Collierville White House Arlington Mount Juliet HomeSnacks is not just your average website. Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. Based in Nashville, TN. 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. 7. 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. He's known as the founder of FedEx. "The economy is doing well, but all Americans aren't doing well.". Sara Blakely. Does Jason Aldean Play At His Bar In Nashville? - Source of wealth: damaged cars, Self Made, #7. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. 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. Some have earned it honestly and honorably, for some it is old family money and some may have just won a lottery. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. founded Commonwealth Brands tobacco company One of the largest celebrations the city has is Memphis in May . Share of millionaire households 1 . These are two of the most affluent suburbs in the Nashville area. Net worth: $5.0 billion (#515 wealthiest in the world), #1. 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 [] Clayton The small suburb of Nashville has a population of just 8,390. worth about $3.4 Billion. Bill Haslam- Net worth: $2.5 billion (#1,152 wealthiest in the world) We then looked at median income and unemployment and poverty rates for each and assigned a score. Thomas Frist Jr & family- Net worth: $20.0 billion (#81 wealthiest in the world) The 10 Richest People in Tennessee #6. Net worth around $880 Million. To be considered rich in the Nashville, Tennessee, metro area, you need to make over $127,878. Billion. Three billionaires live in Nashville with a combined net worth of $20.7 billion. J.K Rowling. James 1 and No. Fred Smith is worth at least $6 billion. Average kindergarten and elementary teacher salary: $58,230. 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. How did we identify Tennessees wealthiest places? How many 10 millionaires are there in America? And if you dont find what youre looking for there, head to the bottom. List of Millionaires Who Give Away Money in 2022 List of Millionaires Who Give Away Money in 2022. This is also under the national average and you are expected to earn less here but at the same time, you also spend less than in states such as Indiana or Missouri. in Memphis, TN. Haslam didn't make his fortune in politics, where he is paid $155,000 a year as governor. But a handful of other Tennesseans are richer than Lorberbaum and placed higher on the Forbes 400 annual list. No surprise there. Your email address will not be published. Meghan Kraft loves to travel the world, but she makes her home right here in Nashville, Tennessee. Arkansas with the second fewest has 35,286. 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. Billionaires are ranked by net worth as of July 31. Nolensville. This means that the house and its assets are worth at least $1 million. Mason Hawkins - For more than 200 years, investing in real estate has been the most popular investment for millionaires to keep their money. company, United Co., which is based in Bristol, VA. Net worth around $900 Million. Want to know more? The 40 Best Locations for Camping in the U.S, 30 Best B&Bs and Hotels Near Shenandoah National Park. The town has some retail and commercial areas but is mostly residential. There are a few guidelines and - Net worth: $21.0 billion (#81 wealthiest in the world). You should explain the value of the donor's contribution. Brad Kelley- Net worth: $2.5 billion (#1,150 wealthiest in the world) Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. How Many Millionaires Live In Nashville Tennessee? - Source of wealth: gas stations, retail, #1. Martha Rivers Will MPD release footage of Tyre Nichols arrest? Thats more than 10% of households in the US. 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