The average income of the top 20% comes in at $172,622. While the U.S. is home to the most billionaires out of any other country,Americans are somewhat splitin their feelings on the billionaire class. Join the Memphis Business Journal to unlock even more insights! Total net worth for this year's crop of billionaires is $6.4 trillion, up from $5.4 trillion last year. Mark Zuckerberg. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Tennessee didn't score well on the list, but it beat its Mid-South neighbors, which ranked No. We and our partners use cookies to Store and/or access information on a device. Brad Kelley- Does Nashville Have A Street Like Beale Street? Get more stories delivered right to your email. If more people are employed, the richer the future looks. Owner of Southeastern Asset Management Group, a money management firm. 2nd Ave just north of Broadway is the closest thing Nashville has to a Beale St setting. The 58-year-old governor, who previously was mayor of Knoxville . Where do most celebrities live in Nashville? Fred Smith. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. The 10 Richest People in Tennessee Three billionaires live in Nashville with a combined net worth of $20.7 billion. Michael Buble.. In Tennessee like in other areas they exist. What Airlines Fly Into Chattanooga Tennessee? This is an archived article and the information in the article may be outdated. var sc_security="b0816e13". The unemployment rate tries to capture the prospects for more people to become rich. According to MSN, The billionaires in Nashville control more resources than any other city in the United States. Nashville, Tennessee Incorporated 1806, Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. Paul is a big fan of the Boston Celtics and New England Patriots. As the absolute largest stockholder of Dollar General, Turner is doing quite qell for himself. Tennessee is ranked 42nd on the list of US millionaires. #9. New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. The overall style is Americana with a bit of a Hipster vibe. Forbes lists 9 billionaires in Tennessee. Net worth around $600 Million. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. Bill Haslam Net worth: $2.3 billion (#1,274 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, #6. 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. Willis Johnson. - Owner of H.T. The median home value in the state is just above $170.000. According to the latest data, Nolensville, has earned this honor. Haslam didn't make his fortune in politics, where he is paid $155,000 a year as governor. In Nashville, an STR is defined as any rental property that you rent for less than 30 days. If your organization is interested in becoming a Stacker Ms. Barnstable was born on May 23, 1951. - Residence: Franklin, Tennessee Net worth around $470 Tim Cook. #7. director of SunTrust Banks. The U.S.s wealthiest billionaires are mostly concentrated within justa couple of industries: finance and investments, and technology. I wonder how many live in the Nashville area? Bill Haslam- Net worth: $2.5 billion (#1,152 wealthiest in the world) W. McGlothlin - Tennessee resident and Chief executive of coal According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. Billy We aim to deliver bite-sized pieces of infotainment about where you live. 1. #5. The top 10 billionaires on the list are: Jeff Bezos, 54, worth $112 billion. 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. 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. While the U.S. is home to the most billionaires out of any other country, Americans are somewhat split in their feelings on the billionaire class. Forbes lists 9 billionaires in Tennessee. There are more than 130.000 millionaire households in the state of Tennessee. 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He also likes playing golf and watching sports. and more. How many 10 millionaires are there in America? Required fields are marked *, Copyright . Were proud of our southern stock, no matter the dollar signs, and are proud to be from the ol Rocky Top. Cal Turner Jr. Net Worth - $1.8 Billion Cal The concentration of millionaires to the total number of people in Tennessee is 5%, which is under the national US average. TN. Three billionaires live in Nashville with a combined net worth of $20.7 billion. Davenport III - Son of Krystal fast food founder. - CEO of Pilot Flying J Truckstops. Net worth: $15.0 billion (#115 wealthiest in the world), #1. Nine Tennessee billionaires are among the 400 wealthiest Americans, including Chattanooga's Jeffrey Lorberbaum who amassed a fortune by building the carpet company his parents began, known as Aladdin Mills, into the world's biggest floorcovering company based in Calhoun, Ga. Lorberbam, who lives in North Chattanooga, is worth an estimated $2.4 billion. The 10 Californian Cities with "Valley" in the Name, The 30 Best Places to Live in Southwest England. based in Cleveland, When he's not teaching or writing, Paul enjoys spending time with his wife and two children. 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. Forbes lists 11 billionaires in Tennessee. Fred Smith. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. However, Belle Meade in Nashville is where most of the historic families who have amassed large fortunes live. 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. 9. When you click through real estate links on our site, we earn an affiliate commission. | 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. He's known as the founder of FedEx. If youre curious enough, here are the poorest cities in Tennessee, according to data: Poorest: Newport2nd Poorest: Lawrenceburg3rd Poorest: Ripley. Net worth: $5.0 billion (#515 wealthiest in the world), #1. 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). Nolensville. Who is the richest family in Tennessee? 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. var sc_invisible=1; Sold company to Coke for $1.4 billion. There are more than 130.000 millionaire households in the state of Tennessee. Clayton - Founder of Clayton Homes/FSB Bancshares based in Knoxville, 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. Your email address will not be published. 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 Net worth: $5.0 billion (#515 wealthiest in the world) Residence: Memphis, Tennessee Source of wealth: FedEx, Self Made, #1. #11. The median income per household in Tennessee is $52.000. Jimmy Haslam. Nashville, TN. The sale, Music celebrities live in Brentwood TN due to its close proximity to Music City, USA. Nashville is home to country artists like Keith Urban Taylor, The music scene of Nashville is one of the best in the world. What is considered a short term rental, Re: Equivalent to Beale Street? We call this a citys overall SnackAbility. - Residence: Knoxville, Tennessee Haslam's wealth reflects his family's ownership of American's biggest privately held truck stop and fuel business, Pilot Flying J, which his father started in 1958. Jimmy Haslam. After all, rich people have really high salaries. According toPew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. Forbes lists 11 billionaires in Tennessee. Which US state has the most millionaires? Jack Lupton - Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. #6. The Haslam family sold 38.6 percent of the company last fall to Warren Buffett's Berkshire Hathaway. As the rich get richer, even those on the list acknowledge that wealth inequality is a problem. To make the Forbes 400 list this year you had to be worth at least $2 billion. Millions of people read our articles every year and media outlets love to feature our work. In Tennessee, a law was passed that allows for the sale of liquor on Sundays. Allow them to enjoy. Still, the state impresses with businesses such as the largest flooring company in the world. Billionaires are ranked by net worth as of July 31. 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. In doing so, youre agreeing to the below guidelines. 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. Jack Lupton - - Source of wealth: gas stations, #6. "The super rich continue to get richer, widening the gap between them and everyone else," Forbes magazine reported last week in releasing its annual Forbes 400 list of the richest Americans. Copyright 2023, Chattanooga Times Free Press, Inc. Hes known as the founder of FedEx. Net worth around $880 Million. 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 . As mentioned before, Nashville is a city known for its music. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. 9. Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. There are more than 130.000 millionaire households in the state of Tennessee. Former Join the, Grand Ole Opry. Based in Nashville, TN. - Residence: Franklin, Tennessee He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. The company was built by his father and grandfather. #2. Can a Tourist Win the Lottery in the United States? How Much Does a Hotel Room Cost Per Night? Hackney Co. based in Knoxville, TN. Tennessee is ranked 42nd on the list of US millionaires. Frist Jr. - largest individual shareholder of HCA, a healthcare As of May 20, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $39,591 a year. #6. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. In total, there are 9 Tennessee billionaires on the Forbes list. Wow. Net worth around $800 Million. The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. 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. The CEO of popular Pilot Flying J and owner of the Cleveland Browns is well set when it comes to his bank account. McWhorter - Owner of Clayton Associates, a healthcare services Hence a person must have a net worth of at least one million USD to be recognised as a millionaire anywhere in the world. So the US is definitely the country with the most millionaires. - Source of wealth: book distribution, transportation, #3. Preston is the CEO and sole owner of the company, which is based in Cleveland, Tennessee. 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 . Meanwhile, Amazon CEO Jeff Bezos is projected to become the world's first trillionaire by 2026. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. The richest person in Knoxville is Jimmy Haslam. - Residence: Chattanooga, Tennessee Willis Johnson Net worth: $1.8 billion (#1,669 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: damaged cars, Self Made, #7. - Residence: Nashville, Tennessee 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. Google Millionaire List Grows. In 2020, California had the highest number of millionaire households in the U.S., with 1.14 million households having one million or more in investible assets. created by his father and grandfather. Chattanooga, TN. Fred Smith. The average income of the top 20% comes in at $172,622. During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. republish under a Creative Commons License, and we encourage you to 3. 5. Brad Kelley. Tennessee billionaires you might know Thomas Frist is the richest man in Tennessee. Bill Gates. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Net worth around $500 Million. CaliforniaAs of March 2022, California was the U.S. state with most billionaires, with 186 billionaires calling the state home. What Is The Number One Thing To Do In Nashville? Frederick Smith Net worth around $2.3 Billion. var sc_project=1794572; in Memphis, TN. You should explain the value of the donor's contribution. Table of Contents show 10. - Residence: Gallatin, Tennessee Below you can find the numbers from the Mega Millions draw on January 13th 2023. Net worth around $915 How much do you have to make to be rich in Nashville? Million. Sold company to Coke for $1.4 billion. We then looked at median income and unemployment and poverty rates for each and assigned a score. 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. as well as image rights, data visualizations, forward planning tools, Billionaires are ranked by net worth as of January 3. 8: California's ranking on the list of most millionaires, per capita. Dunavant - Owner of Dunavant Enterprises, a cotton manufacturer based The Grand Ole Opry began as a radio show in 1925, and it put Nashville on the map as the Country Music, Why is Nashville called Nashvegas? Real Estate. Chuck Feeney. - Source of wealth: video games, Self Made, #4. 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. These billionaires prove you can get rich in Tennessee. Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. Below is a list of the Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. in Churchill Downs, venue of Kentucky Derby. Of. Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. The consent submitted will only be used for data processing originating from this website. HomeSnacks is reader-supported. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. How many millionaires are in Memphis Tennessee? Forbes lists 9 billionaires in Tennessee. What city in Tennessee has the most millionaires? March 13, 2018 at 1:00 a.m. Tell us in the comments! Two Tennessee cities made the list Memphis (47) and Nashville (26). Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. Home University Of Memphis How Many Millionaires Are In Tennessee? Forrest Preston - Net worth: $1.1 billion (#2,359 wealthiest in the world) - Residence: Cleveland, Tennessee - Source of wealth: health care, Self Made #10. #4. Haslam was born in Knoxville in 1954 and attended the University of Tennesee. Who is the richest person in Chattanooga TN? This material may not be published, broadcast, rewritten, or redistributed. Please look at the time stamp on the story to see when it was last updated. Nolensville. Net worth around $1.5 Billion. Neither these AP materials nor any portion thereof may be stored in a computer except for personal and noncommercial use. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Forbes said two third of those on the list of richest people are self-made billionaires. Billionaires are ranked by net worth as of June 30. Who is the richest person in Chattanooga? The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. trivia, facts, history, culture, entertainment, sports, geography and #7. My Business Partner Jeff is here to guide you step-by-step. Net worth around $600 Million. Brad Kelley. 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. Thomas Frist Jr & family- Net worth: $20.0 billion (#81 wealthiest in the world) 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. - Founder of Check Into Cash, an industry which allows people to receive If you want to see a list of the rest of Tennessees richest places, take a look below. #5. - Net worth: $21.0 billion (#81 wealthiest in the world) 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. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. Net worth around HomeSnacks is not just your average website. The town has some retail and commercial areas but is mostly residential. Martha Ingram Net Worth $3.7 Billion She is the former chairman of Vanderbilt University and Ingram industries. Jon Yarbrough Net worth: $3.1 billion (#959 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: video games, Self Made, #4. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. Thomas Frist Jr & family. Ingram - Chairman of Ingram Industries, based in Nashville, TN. These are two of the most affluent suburbs in the Nashville area. 1990, manufactured discounted cigarettes USA Gold, Bull Durham, #2. (Solution). 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. Tennessee is ranked 42nd on the list of US millionaires. Nashville is called Nashvegas for its Broadway neon lights and lively nightlife. TN. How Many Millionaires Live In Nashville Tennessee? Thomas Frist Jr & family. Of this list, nine of them live in Tennessee, and two of them live in Nashville. GAIN ACCESS TO EVERY LOCAL INSIGHT, LEAD AND MORE! Gandson of founder of Great Western Coco-Cola Bottling Co, based in You can learn more about the top ten below or skip to the end to see the rankings for all 99 places. How many millionaires do we have in California? 7. Goalsontrack Is A Web-based System That Allows You To Set And Track Goals And Sub-goals, Manage Tasks, Build Habits, Keep Goal Journal, Visualize Your Goals With Vision Board, And Keep Your Goals Organized And Motivate You To Make Progress Daily. Owns 71% of Kentucky Downs racetrack; also holds minor stake Thats 1.13% of American households. Hotel Management Co. Net worth around $1.2 6. 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. "This has been a prosperity that's been disproportionately rewarding to the people on top," Buffett said. WHAT ABOUT YOU, Goal setting and goal management software for. Two Tennessee cities made the list Memphis (47) and Nashville (26). OnlyInYourState may earn compensation through affiliate links in this article. #4. And lucky for you, theyre listed below. wealthiest people in the state of Tennessee: Thomas Tennessee Millionaires TENNE$$EE MILLIONAIRE$ Home wHAT IS A MILLIONAIRE? "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. 4. Net worth around $520 Million. And if you dont find what youre looking for there, head to the bottom. 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 [] Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. 2 on the fewest millionaires list. people getting PAID EVERY DAY. Patricia Barnstable is one of the richest people in Kentucky. Arkansas with the second fewest has 35,286. Sold company to Coke for $1.4 billion. 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. worth around $1.8 Billion. Thomas Frist is the richest man in Tennessee. Can You Room With The Opposite Gender In College? 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. system. San Francisco-Oakland-Hayward, California. Want to know more? He founded Hospital Corp and he is worth at least $13 billion. Billionaire investor Warren Buffett has also publicly addressed the problem of wealth inequality. Malibu. - Source of wealth: health care, Self Made, #10. - Net worth: $5.0 billion (#515 wealthiest in the world) #1. Frist is also the brother of former Senate Majority Leader Bill Frist, also of Nashville. Thomas Frist Jr & family. - Source of wealth: damaged cars, Self Made, #7. "And it's not fair that our wealth opens doors that are closed to most people.". Facebook founder Mark Zuckerberg is the fifth richest person in the world, with a net worth of $71 billion. #8. Millions of people read our articles every year and media outlets love to feature our work. Who is the richest person in Nashville TN? Net worth around $880 Million. - Source of wealth: tobacco, Self Made, #5. 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? #11. - Source of wealth: FedEx, Self Made, #2. What is the wealthiest county in Tennessee? In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Fred Smith is worth at least $6 billion. Million. (Correct answer), Tennessee has the eighth lowest percentage of millionaire households in the U.S., according to a report on mainstreet.com. R.B. 11,000,000: Number of households in the U.S. worth at least $1 million, according to the research firm Spectrem Group. Feel free to check out some more reading about Tennessee: Population: 13,393Rank Last Year: 1 (No Change)Median Income: $152,500Unemployment Rate: 1.3%Poverty Rate: 1.0%More on Nolensville: Real Estate|Photos, Population: 44,354Rank Last Year: 2 (No Change)Median Income: $165,948Unemployment Rate: 2.2%Poverty Rate: 2.6%More on Brentwood: Real Estate|Photos, Population: 8,770Rank Last Year: 3 (No Change)Median Income: $114,464Unemployment Rate: 2.3%Poverty Rate: 2.2%More on Signal Mountain: Real Estate|Photos, Population: 23,388Rank Last Year: 5 (Up 1)Median Income: $119,167Unemployment Rate: 1.9%Poverty Rate: 3.3%More on Farragut: Real Estate|Photos, Population: 48,403Rank Last Year: 6 (Up 1)Median Income: $92,779Unemployment Rate: 1.4%Poverty Rate: 2.5%More on Spring Hill: Real Estate|Photos, Population: 40,955Rank Last Year: 4 (Down 2)Median Income: $132,949Unemployment Rate: 2.9%Poverty Rate: 2.4%More on Germantown: Real Estate|Photos, Population: 50,669Rank Last Year: 7 (No Change)Median Income: $119,461Unemployment Rate: 3.0%Poverty Rate: 2.8%More on Collierville: Real Estate|Photos, Population: 6,845Rank Last Year: 13 (Up 5)Median Income: $83,973Unemployment Rate: 1.2%Poverty Rate: 6.2%More on Greenbrier: Real Estate|Photos, Population: 81,531Rank Last Year: 12 (Up 3)Median Income: $102,721Unemployment Rate: 3.2%Poverty Rate: 5.1%More on Franklin: Real Estate|Photos, Population: 12,820Rank Last Year: 8 (Down 2)Median Income: $80,504Unemployment Rate: 2.5%Poverty Rate: 5.7%More on White House: Real Estate|Photos.
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list of millionaires in tennessee