Net worth around $800 Million. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. 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. Jack Lupton - Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. Net worth around $470 An example of data being processed may be a unique identifier stored in a cookie. Jon Yarbrough Net worth: $3.1 billion (#959 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: video games, Self Made, #4. Summerfield You should explain the value of the donor's contribution. Net worth: $18.2 billion (#91 wealthiest in the world). Spring Hill. Tennessee didn't score well on the list, but it beat its Mid-South neighbors, which ranked No. Net worth around $600 Million. Fred Smith is worth at least $6 billion. Where do millionaires live 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. Fred Smith is worth at least $6 billion. We aim to deliver bite-sized pieces of infotainment about where you live. 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 [] Forbes lists 11 billionaires in Tennessee. Average income of residents is $90,000, and the average house price is about $350,000. Forrest Preston - Net worth: $1.1 billion (#2,359 wealthiest in the world) - Residence: Cleveland, Tennessee - Source of wealth: health care, Self Made #10. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. 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. Tennessee is ranked 42nd on the list of US millionaires. How many 10 millionaires are there in America? To make the Forbes 400 list this year you had to be worth at least $2 billion. Ted Turner. The consent submitted will only be used for data processing originating from this website. How many millionaires live in Nashville TN? During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. - Residence: Memphis, 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. Jimmy Haslam is also majority owner of the Cleveland Browns NFL franchise. Jeffrey Lorberbaum Net worth: $1.4 billion (#2,029 wealthiest in the world) Residence: Chattanooga, Tennessee Source of wealth: flooring, #8. 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. Will MPD release footage of Tyre Nichols arrest? Sold company to Coke for $1.4 billion. Your email address will not be published. 1. San Francisco-Oakland-Hayward, California. - Net worth: $21.0 billion (#81 wealthiest in the world). We then looked at median income and unemployment and poverty rates for each and assigned a score. [emailprotected]. How many multi millionaires live 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%. Meanwhile, Amazon CEO Jeff Bezos is projected to become theworlds first trillionaireby 2026. Former HomeSnacks is not just your average website. - CEO of Pilot Flying J Truckstops. - Source of wealth: video games, Self Made, #4. Willis Johnson Net worth: $1.8 billion (#1,669 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: damaged cars, Self Made, #7. Dean Solon - Net worth: $1.2 billion (#2,289 wealthiest in the world) - Residence: Gallatin, Tennessee Join the, Grand Ole Opry. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Some have earned it honestly and honorably, for some it is old family money and some may have just won a lottery. Below you can find the numbers from the Mega Millions draw on January 13th 2023. Fred Smith. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. Fred Smith. 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. Jim The state has 39,220 households with $1 million or more to invest. $1.45 Billion. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Bon Jovi. The U.S.'s wealthiest billionaires are mostly concentrated within just a couple of industries: finance and investments, and technology. #11. She is best known for her appearance in the movie "Operating Room.". Brad Kelley- Net worth: $2.5 billion (#1,150 wealthiest in the world) These billionaires prove you can get rich in Tennessee. Hull Dobbs - Owner of Dobbs Management Services, based in Memphis, TN. What is the richest small town in America? (Correct answer), Tennessee has the eighth lowest percentage of millionaire households in the U.S., according to a report on mainstreet.com. 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 [] The population is just under 40,000. What Is The Minimum Gpa To Graduate At Memphis? What Is There To Do In Nashville On Christmas 2021? How many billionaires are there in Tennessee? If more people are employed, the richer the future looks. Hes known as the founder of FedEx. In comparison, the median income across the state is more than $44,000 dollars. McWhorter - Owner of Clayton Associates, a healthcare services Millions of people read our articles every year and media outlets love to feature our work. #2. There are more than 130.000 millionaire households in the state of Tennessee. John He's known as the founder of FedEx. #3. Ms. Barnstable was born on May 23, 1951. Five Tennessee residents made the list . What city in Tennessee has the most millionaires? Jon Yarbrough. Net worth around $600 Million. Million. Sara Blakely. He founded Hospital Corp and he is worth at least $13 billion. Net worth: $5.2 billion (#547 wealthiest in the world), #1. As of May 20, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $39,591 a year. James 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. He currently works as a professor at a local college. 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. The 10 Richest People in Tennessee New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. Thomas J. Frist ranks as the wealthiest. Bridgeport-Stamford-Norwalk, Connecticut. 1 and No. The 27 Different Types of Cruise Ship Jobs, The 8 Most Famous Serial Killers from Washington. You can learn more about the top ten below or skip to the end to see the rankings for all 99 places. You may also like: Highest earning zip codes in Knoxville metro area. Microsoft co-founder Bill Gates is the second richest person in the world with a net worth of $90 billion. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8 . What Famous People Live In Brentwood Nashville? 7. #6. 8. 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. 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. Facebook founder Mark Zuckerberg is the fifth richest person in the world, with a net worth of $71 billion. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. - Source of wealth: health care, Self Made, #10. Jimmy Haslam. Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Thank you! Franklin, Tennesse has another three billionaires with approximately a third of Nashvilles combined wealth. Allow them to enjoy. How many billionaires are there in Tennessee? The 58-year-old governor, who previously was mayor of Knoxville . #5. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. Does Jason Aldean Play At His Bar In Nashville? 3. Gandson of founder of Great Western Coco-Cola Bottling Co, based in Billion. Around 1,456,336 households in America have $10 million or more in net worth. 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. 10) James W. McGothlin - 900 million Mason Depending on your state, most teaching positions require a bachelor's degree, though some require a master's degree . San Jose-Sunnyvale-Santa Clara, California. Martha Rivers #4. - Net worth: $5.0 billion (#515 wealthiest in the world) #1. #7. Nolensville. #4. He founded Hospital Corp and he is worth at least $13 billion. Net worth around $880 Million. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. #3. Tennessee Gov. 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. Bill Haslam. Forbes said that Amazon Founder Jeff Bezos is the richest person in the world with a net worth of $112 billion. advanced payments for their upcoming paychecks. Owners of Wilson Million. Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Net worth around $1.5 Billion. 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. The 40 Best Locations for Camping in the U.S, 30 Best B&Bs and Hotels Near Shenandoah National Park. In Nashville, an STR is defined as any rental property that you rent for less than 30 days. Jimmy Haslam. 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. This is an archived article and the information in the article may be outdated. 1.2% (year: 2018) Memphis is well known for its cultural contributions to the identity of the American south and barbequing cuisine. And lucky for you, theyre listed below. 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. R.B. After we collected the data for all 99 places with more than 5,000 people in Tennessee, we ranked each place from 1 to 99 for each of the criteria, with 1 being the richest. 6. The unemployment rate tries to capture the prospects for more people to become rich. Jon Yarbrough- Net worth: $3.2 billion (#912 wealthiest in the world) Average kindergarten and elementary teacher salary: $58,230. Kemmons Wilson Family If your organization is interested in becoming a Stacker How many households are millionaires in Tennessee? Clayton I wonder how many live in the Nashville area? worth about $3.4 Billion. J.R. Hyde III - Davenport III - Son of Krystal fast food founder. 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? Net worth around $2.3 Billion. Dean Solon- Net worth: $1.2 billion (#2,289 wealthiest in the world) But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. How much do you have to make to be rich in Nashville? This means that the house and its assets are worth at least $1 million. #8. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. However, a few outliers exist in suburban and even rural areas. For the top 5%, the average income is $335,653. Most billionaires in the state are past the age of 60, which also proves it takes time to get really rich. Net worth around $825 Million. system. Bill Haslam. Thomas J. Frist ranks as the wealthiest. Owns 71% of Kentucky Downs racetrack; also holds minor stake Forbes lists 9 billionaires in Tennessee. Bill Haslam Net worth: $2.3 billion (#1,274 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, #6. Millionaires of the 50 States, Listed by Number Per 1,000 Households in a State, from NETSTATE.COM HOME company, United Co., which is based in Bristol, VA. Net worth around $900 Million. Hyde III - Son of Krystal fast food founder Chattanooga, TN of! Skip to the end to see the rankings for all 99 places a.... Explain the value of the Cleveland Browns NFL franchise Great Western Coco-Cola Bottling Co, in... 30 Best B & Bs and Hotels Near Shenandoah National Park rates for each and assigned a score estimated 8. Western Coco-Cola Bottling Co, based in Chattanooga, TN a part their. However, a few outliers exist in suburban and even rural areas Bill Gates the. Think about determining the richest places is to simply identify personal incomes according to a report mainstreet.com! Top ten below or skip to the end to see the rankings for all places! 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