Sold company to Coke for $1.4 billion. If you want to see a list of the rest of Tennessees richest places, take a look below. Tennessee Millionaires TENNE$$EE MILLIONAIRE$ Home wHAT IS A MILLIONAIRE? To make the Forbes 400 list this year you had to be worth at least $2 billion. - Source of wealth: gas stations, retail, #1. 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. - Source of wealth: book distribution, transportation, #3. Stackercompiled a list of the richest billionaires that are residents of Tennessee, using data fromForbes. This means that the style of clothing in Nashville is relatively casual, and most people dress in jeans and a nice top when they go out. - Source of wealth: tobacco, Self Made, #5. "The economy is doing well, but all Americans aren't doing well.". Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. How did we identify Tennessees wealthiest places? based in Memphis, TN. Summerfield Depending on your state, most teaching positions require a bachelor's degree, though some require a master's degree . Tennessee is ranked 42nd on the list of US millionaires. There are a few guidelines and What Is The Number One Thing To Do In Nashville? #11. The Volunteer State has. var sc_invisible=1; #5. Dean Solon- Net worth: $1.2 billion (#2,289 wealthiest in the world) A solid philanthropist and lover of the arts, Ingram took over Ingram Industries after the loss of her husband. Net worth around $2 Billion. Bill Gates. Mark Zuckerberg. According toPew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. An example of data being processed may be a unique identifier stored in a cookie. He has a net worth of $3.8 billion. #8. The average income of the top 20% comes in at $172,622. Preston is the CEO and sole owner of the company, which is based in Cleveland, Tennessee. Allow them to enjoy. Forrest Preston- Net worth: $1.1 billion (#2,359 wealthiest in the world) What city in Tennessee has the most millionaires? Join the, Grand Ole Opry. Jack Lupton - Frederick Smith Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. Million. Thomas J. Frist ranks as the wealthiest. New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. Fred Smith is worth at least $6 billion. Also founded drive 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. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. 9. Tennessee is the thirty-fifth-richest state in the United States of America, with a per capita income of $28,764 (2017). Fred Smith is worth at least $6 billion. Thats more than 10% of households in the US. CaliforniaAs of March 2022, California was the U.S. state with most billionaires, with 186 billionaires calling the state home. wWW.umartate.com Visit my affiliate website and learn how to get 100 free traffic sources and more. 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. worth about $3.4 Billion. Warren Buffet. 11,000,000: Number of households in the U.S. worth at least $1 million, according to the research firm Spectrem Group. in Memphis, TN. Chuck Feeney. Bill Haslam. Net worth around $880 Million. After all, rich people have really high salaries. These are ten of the richest people who live in Tennessee. Clayton However, Belle Meade in Nashville is where most of the historic families who have amassed large fortunes live. Fred Smith- Net worth: $4.1 billion (#662 wealthiest in the world) Nolensville. Willis Johnson Net worth: $1.8 billion (#1,669 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: damaged cars, Self Made, #7. $1.45 Billion. #5. The median income per household in Tennessee is $52.000. 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 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? GAIN ACCESS TO EVERY LOCAL INSIGHT, LEAD AND MORE! 3. 1 and No. As the absolute largest stockholder of Dollar General, Turner is doing quite qell for himself. 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%. Love Tennessee? 1. #2. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. - Source of wealth: health care, Self Made, #10. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. He currently works as a professor at a local college. John Million. You should explain the value of the donor's contribution. The small suburb of Nashville has a population of just 8,390. We call this a citys overall SnackAbility. These billionaires prove you can get rich in Tennessee. Net worth around $2.3 Billion. Net worth around $825 #2. Where do most celebrities live in Nashville? Although support for individual billionaires like Elon Musk or Bill Gates is relatively strong, many Americans viewthe ultra-richas a group rather than as individualsnegatively. Brad Kelley- 2. Tennessee is ranked 42nd on the list of US millionaires. We took a look at the latest Census data from the American Community Survey for 99 Tennessee cities with 5,000 residents. Last year, Forbes' list had 1,426 billionaires. Does Nashville Have A Street Like Beale Street? Billion. Thomas Frist is the richest man in Tennessee. The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. Our team of experts has selected the best teeth whitening gel out of hundreds of options. (Solution). Fred Smith. 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. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. distribution partner, email us at Where do millionaires live 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. 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. Two Tennessee cities made the list Memphis (47) and Nashville (26). 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. Your Kids Will Have A Blast At This Science Museum In Tennessee Made Just For Them, The Tennessee Resort Where You Can Go Ice Skating, Skiing, Sledding, And More This Winter, The Incredible Buffet In Tennessee With Almost As Many Desserts As Main Dishes, The Scenic Amish Country Route That Leads To Several Old-Fashioned Stores And Experiences. Facebook founder Mark Zuckerberg is the fifth richest person in the world, with a net worth of $71 billion. If you tell people that you live in one of Tennessees richest places, they will think that you are crazy rich. 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. Forbes lists 9 billionaires in . Frist is also the brother of former Senate Majority Leader Bill Frist, also of Nashville. The state has 39,220 households with $1 million or more to invest. 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. This makes us the 7th largest city in Tennessee and one of the fastest growing. 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. 1.2% (year: 2018) Memphis is well known for its cultural contributions to the identity of the American south and barbequing cuisine. The 10 Californian Cities with "Valley" in the Name, The 30 Best Places to Live in Southwest England. W. McGlothlin - Tennessee resident and Chief executive of coal 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. Bill Gates, 62, worth $90 . Jon Yarbrough. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. In Tennessee, a law was passed that allows for the sale of liquor on Sundays. Martha Ingram & family Net worth: $3.8 billion (#751 wealthiest in the world) Residence: Nashville, Tennessee Source of wealth: book distribution, transportation, #3. R.B. 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. Jon Yarbrough. based in Cleveland, Forbes said that Amazon Founder Jeff Bezos is the richest person in the world with a net worth of $112 billion. Get the Android Weather app from Google Play, Gas Price Tracker Cheapest gas around Memphis, Register to win a $5,000 college scholarship, ALSO READ: Cities with the most expensive homes in Tennessee, Woman warns others after losing $300 in Cash App, Man wanted after argument with cousin leads to shooting, Instacart drivers steal money, items from shoppers, Tornado Watch issued across Memphis area, Mid-South, Suspects shoot at man trying to stop car break-in, Beauty supply store bandit busted in stolen car:, AR man sentenced to 8 years for identity theft scheme, Judge threatens to take cellphones of kids caught, AR bill would let bomb sqauds conceal carry during, CA to TN pipeline brings millions of investment dollars, Shelby County Restaurant Scores:, Jan. 10-16, 2023, Shelby County Restaurant Scores: Jan. 3-9, Shelby County Restaurant Scores: Dec 27 Jan 2, Shelby County Restaurant Scores: Dec. 20-26, 2023 tax season is here: What you need to know. If your organization is interested in becoming a Stacker https://journeyz.co/wp-content/cache/breeze-minification/js/breeze_d6f2b5374d4034eccf68622444cf0976.js, The 100 Best Places to Travel in the World. Jimmy Haslam Net worth: $3.8 billion (#747 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, retail, #2. Paul Arnold is an education expert with over 25 years of experience in the field. Net worth around $880 Million. #6. OnlyInYourState may earn compensation through affiliate links in this article. #4. Tennessee is ranked 42nd on the list of US millionaires. Arkansas with the second fewest has 35,286. Jon Yarbrough- Net worth: $3.2 billion (#912 wealthiest in the world) We then looked at median income and unemployment and poverty rates for each and assigned a score. You can download the data here. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. "This has been a prosperity that's been disproportionately rewarding to the people on top," Buffett said. Forbes lists 11 billionaires in Tennessee. Jeffrey Lorberbaum- Net worth: $1.2 billion (#2,198 wealthiest in the world) Is the US the Richest Country in the World? - Residence: Gallatin, Tennessee 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. How much do you have to make to be rich in Nashville? 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. Nolensville. We suggest that you crank some Dolly, grab a quiet spot next to the Cumberland River in Nashville, and read on. created by his father and grandfather. The investor also noted that in 1982, according to Forbes, the richest 400 Americans were worth $93 billion. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. What city in Tennessee has the most millionaires? Million. Net worth around $800 Million. There are more than 130.000 millionaire households in the state of Tennessee. Tennessee Gov. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. 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. Thomas Frist Jr & family. #6. This is our tenth time ranking the richest cities in Tennessee. - Source of wealth: gas stations, #6. SouthlakeMost Affluent Small Cities: 30,000 to 50,000 Residents. Like we said earlier, when we set out to identify the richest places in Tennessee, we werent sure what wed encounter, but it ended up being some of the best places to live in Tennessee. These are two of the most affluent suburbs in the Nashville area. Spring Hill, a suburb of Nashville, is one of the 10 richest cities in Tennessee. Thank you! 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. 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. Which US state has the most millionaires? When you click through real estate links on our site, we earn an affiliate commission. The 27 Different Types of Cruise Ship Jobs, The 8 Most Famous Serial Killers from Washington. For more than 200 years, investing in real estate has been the most popular investment for millionaires to keep their money. 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. Manage Settings Its average household income is just under $27,000 dollars. Brad Kelley- Net worth: $2.5 billion (#1,150 wealthiest in the world) Forbes lists 11 billionaires in Tennessee. #7. Net worth around $600 Million. Brad Kelley. (Correct answer), Tennessee has the eighth lowest percentage of millionaire households in the U.S., according to a report on mainstreet.com. How Can You Avoid Customs Charges from the UK to the US? people getting PAID EVERY DAY. - Founder of Check Into Cash, an industry which allows people to receive Tennessee: 139,335 5.21% 20 How many households are millionaires in Tennessee? Net worth around $1.5 Billion. Martha Ingram & family- Net worth: $3.5 billion (#823 wealthiest in the world) Meanwhile, Amazon CEO Jeff Bezos is projected to become theworlds first trillionaireby 2026. 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. Net worth: $21.0 billion (#81 wealthiest in the world). Fred Smith. "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. The 58-year-old governor, who previously was mayor of Knoxville . This is the equivalent of $761/week or $3,299/month. 1. This makes it one of the best states for first-time buyers who dont need to save as much deposit for a bank loan to buy a house. These are the five winning numbers and Mega Ball that you need to match to win a prize for the draw on January 13th. Dont buy a teeth whitening gel before reading these reviews. Real Estate. as well as image rights, data visualizations, forward planning tools, One of the largest celebrations the city has is Memphis in May . Known quite well for being a recluse, Kelley became a billionaire by building a discount cigarette business and has purchased the Lonely Plate tour book company. This means that the house and its assets are worth at least $1 million. Thomas J. Frist ranks as the wealthiest. | 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. Today, Franklin is one of the wealthiest cities in one of the wealthiest counties in the United States. Why Was Nashville Named After Francis Nash? The Haslam family sold 38.6 percent of the company last fall to Warren Buffett's Berkshire Hathaway. Sold company to Coke for $1.4 billion. List of Millionaires Who Give Away Money in 2022 List of Millionaires Who Give Away Money in 2022. In Tennessee like in other areas they exist. Millionaires of the 50 States, Listed by Number Per 1,000 Households in a State, from NETSTATE.COM HOME Jimmy Haslam- Net worth: $4.9 billion (#535 wealthiest in the world) J.R. Hyde III - In Nashville, an STR is defined as any rental property that you rent for less than 30 days. Franklin, Tennesse has another three billionaires with approximately a third of Nashville's combined wealth. advanced payments for their upcoming paychecks. What is considered a short term rental, Re: Equivalent to Beale Street? Meghan Kraft loves to travel the world, but she makes her home right here in Nashville, Tennessee. How many billionaires are there in Tennessee? Forbes lists 9 billionaires in Tennessee. 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.
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