Mason Hawkins - Million. Billionaires are ranked by net worth as of June 30. Who is the richest person in Chattanooga TN? These billionaires prove you can get rich in Tennessee. Forbes lists 9 billionaires in Tennessee. GAIN ACCESS TO EVERY LOCAL INSIGHT, LEAD AND MORE! system. Forbes lists 11 billionaires in Tennessee. He's known as the founder of FedEx. Tennessee Which US state has the most millionaires? - Source of wealth: health care, Self Made, #10. To that end, most Stacker stories are freely available to You can find out more about him on LinkedIn or his website. - Founders of Holiday Inn, based in Memphis, TN. How Do I Establish Residency In Tennessee? Who is the richest person in Nashville TN? Spencer Hays - Owner of Southwestern/Great American Inc. based in - Net worth: $5.2 billion (#547 wealthiest in the world) #1. Which Island in Hawaii is the Cheapest to Live In? This site uses cookies from Google to deliver its services and to analyze traffic. Thats more than 10% of households in the US. Jimmy Haslam. #2. The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. - Residence: Memphis, Tennessee CaliforniaAs of March 2022, California was the U.S. state with most billionaires, with 186 billionaires calling the state home. - Source of wealth: gas stations, retail, #1. Fred Smith. In Nashville, an STR is defined as any rental property that you rent for less than 30 days. The overall style is Americana with a bit of a Hipster vibe. Average kindergarten and elementary teacher salary: $58,230. Net worth: $5.0 billion (#515 wealthiest in the world), #1. My Business Partner Jeff is here to guide you step-by-step. Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. 1. 8. Forbes lists 11 billionaires in Tennessee. Jon Yarbrough. - Source of wealth: hospitals, Self Made. The U.S.s wealthiest billionaires are mostly concentrated within justa couple of industries: finance and investments, and technology. Thoughts? founded Commonwealth Brands tobacco company Haslam didn't make his fortune in politics, where he is paid $155,000 a year as governor. What city in Tennessee has the most millionaires? Gandson of founder of Great Western Coco-Cola Bottling Co, based in Net worth: $5.2 billion (#547 wealthiest in the world), #1. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number. The 58-year-old governor, who previously was mayor of Knoxville . WHAT ABOUT YOU, Goal setting and goal management software for. As mentioned before, Nashville is a city known for its music. #6. She is an actress who was born in Louisville, Kentucky. For the top 5%, the average income is $335,653. Tennessee didn't score well on the list, but it beat its Mid-South neighbors, which ranked No. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. There are more than 130.000 millionaire households in the state of Tennessee. Meghan Kraft loves to travel the world, but she makes her home right here in Nashville, Tennessee. Net worth around $825 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. thru fast food chain Central Park. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Forbes lists 9 billionaires in Tennessee. Sold company to Coke for $1.4 billion. J.K Rowling. 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. people getting PAID EVERY DAY. Million. He currently works as a professor at a local college. - Source of wealth: damaged cars, Self Made, #7. 7: The percentage increase in millionaires since mid-2018. based in Knoxville, TN. Frist Jr. - largest individual shareholder of HCA, a healthcare How many households are millionaires in Tennessee? But, folks, youre going to need some serious cash if you think youre going to set up shop in The Home to Country Music: the median income in many of Tennessees richest places is north of $100,000/year. as well as image rights, data visualizations, forward planning tools, 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. If you tell people that you live in one of Tennessees richest places, they will think that you are crazy rich. Net worth: $18.2 billion (#91 wealthiest in the world). Martha Ingram & family- Net worth: $3.5 billion (#823 wealthiest in the world) Visitors remember Nashville for its flashy aura, which, What Time Does Nashville Sell Beer On Sunday? Billionaire investor Warren Buffett has also publicly addressed the problem of wealth inequality. 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. Willis Johnson. How many millionaires do we have in California? Is the US the Richest Country in the World? var sc_security="b0816e13". What Is The Number One Thing To Do In Nashville? For more than 200 years, investing in real estate has been the most popular investment for millionaires to keep their money. R.B. var sc_invisible=1; - Source of wealth: book distribution, transportation, #3. Forbes lists 11 billionaires in Tennessee. Net worth around $2 Billion. How many billionaires are there in Tennessee? Take for instance this little gem by Nashvilles Fox 17. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. Who is the wealthiest family in Tennessee? New York was second, with 135 resident billionaires which was a larger jump over third-placed Florida, with 78. #8. Patricia Barnstable is one of the richest people in Kentucky. Copyright 2023, Chattanooga Times Free Press, Inc. Can You Room With The Opposite Gender In College? Million. Brad Kelley. https://journeyz.co/wp-content/cache/breeze-minification/js/breeze_d6f2b5374d4034eccf68622444cf0976.js, The 100 Best Places to Travel in the World. storytelling. During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. 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 average income of the top 20% comes in at $172,622. Wow. March 13, 2018 at 1:00 a.m. #7. These billionaires prove you can get rich in Tennessee. Thomas Frist is the richest man in Tennessee. 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. How Do You Experience Music In Nashville? Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. R.B. 2 on the fewest millionaires list. Fred Smith. 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. Recently a report from Forbes found that there are 2,755 billionaires in the world. So we looked at this set of criteria from the newly released 2017-2021 American Community Survey: Median household income is the most digestible way to understand how rich a place really is. Forbes lists 9 billionaires in Tennessee. Tennessee is ranked 42nd on the list of US millionaires. - Residence: Chattanooga, Tennessee 2. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. You may also like: Highest earning zip codes in Knoxville metro area. Ingram - Chairman of Ingram Industries, based in Nashville, TN. How many multi millionaires live in Tennessee? The median income per household in Tennessee is $52.000. #5. There are a few guidelines and director of SunTrust Banks. Two Tennessee cities made the list Memphis (47) and Nashville (26). Hotel Management Co. Net worth around $1.2 Required fields are marked *, Copyright . If you want to see a list of the rest of Tennessees richest places, take a look below. If your organization is interested in becoming a Stacker | 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. Martha Ingram Net Worth $3.7 Billion She is the former chairman of Vanderbilt University and Ingram industries. Mark Zuckerberg. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. HomeSnacks is not just your average website. Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Some have earned it honestly and honorably, for some it is old family money and some may have just won a lottery. For the top 5%, the average income is $335,653. If you want to make sure you have the necessary supplies on hand to treat a future breakout, acne patches are the answer. Millionaires of the 50 States, Listed by Number Per 1,000 Households in a State, from NETSTATE.COM HOME Clayton restrictions, which you can review below. How many millionaires are there in Tennessee? She is best known for her appearance in the movie "Operating Room.". Real Estate. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8 . Dunavant - Owner of Dunavant Enterprises, a cotton manufacturer based We use data, analytics, and a sense of humor to determine quality of life for places across the nation. 2nd Ave just north of Broadway is the closest thing Nashville has to a Beale St setting. Please look at the time stamp on the story to see when it was last updated. Net worth around $915 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. 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. 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. 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%. $1.45 Billion. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. Fred Smith. Tennessee Gov. To publish, simply grab the HTML code or text to the left and paste into Neither these AP materials nor any portion thereof may be stored in a computer except for personal and noncommercial use. This is our tenth time ranking the richest cities in Tennessee. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. After all, rich people have really high salaries. 11,000,000: Number of households in the U.S. worth at least $1 million, according to the research firm Spectrem Group. If more people are employed, the richer the future looks. The median home value in the state is just above $170.000. But first things first. Based in Nashville, TN. Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Kemmons Wilson Family Thats 1.13% of American households. San Jose-Sunnyvale-Santa Clara, California. 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. James Net Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. Forbes said that Amazon Founder Jeff Bezos is the richest person in the world with a net worth of $112 billion. J.R. Hyde III - Last year, Forbes' list had 1,426 billionaires. Paul is a big fan of the Boston Celtics and New England Patriots. - Residence: Knoxville, Tennessee New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. Did you know Tennessee was so wildly infused with cash? Forbes lists 11 billionaires in Tennessee. Arkansas with the second fewest has 35,286. Cal Turner Jr. Net Worth - $1.8 Billion #8. - Residence: Gallatin, Tennessee Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Florida Agricultural And Mechanical University, Indiana University Purdue University Indianapolis, Massachusetts Institute Of Technology (Mit), Missouri University Of Science And Technology, State University Of New York Health Science Center At Brooklyn, Suny College Of Environmental Science And Forestry, The University Of North Carolina At Charlotte, The University Of Texas Health Science Center At Houston, The University Of Texas Health Science Center At San Antonio, The University Of Texas M. D. Anderson Cancer Center, The University Of Texas Medical Branch At Galveston, The University Of Texas Rio Grande Valley, Uniformed Services University Of The Health Sciences, University At Buffalo Suny School Of Engineering And Applied Sciences, University Of California, Los Angeles (Ucla), University Of Illinois At Urbana Champaign, University Of Maryland Baltimore County (Umbc), University Of Massachusetts Medical School Worcester, University Of Tennessee Health Science Center, University Of Texas Southwestern Medical Center. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. Net worth around $300 Million. - Residence: Franklin, Tennessee Stacker distribution partners receive a license to all Stacker stories, To make the Forbes 400 list this year you had to be worth at least $2 billion. % of American households are millionaires in Tennessee 42nd on the story to when... 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