When he's not teaching or writing, Paul enjoys spending time with his wife and two children. Forbes lists 11 billionaires in Tennessee. "The economy is doing well, but all Americans aren't doing well.". Of. Average income of residents is $90,000, and the average house price is about $350,000. There are more than 130.000 millionaire households in the state of Tennessee. Ingram - Chairman of Ingram Industries, based in Nashville, TN. 1. Hence a person must have a net worth of at least one million USD to be recognised as a millionaire anywhere in the world. #4. #7. 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 well as image rights, data visualizations, forward planning tools, Who is the richest family in Tennessee? #2. No surprise there. He founded Hospital Corp and he is worth at least $13 billion. Share of millionaire households 1 . Forbes estimates Tennessee's governor, Bill Haslam, is worth $2.5 billion, making him the richest of any governor or national politician in the country. https://journeyz.co/wp-content/cache/breeze-minification/js/breeze_d6f2b5374d4034eccf68622444cf0976.js, The 100 Best Places to Travel in the World. Did you know Tennessee was so wildly infused with cash? Cal Turner Jr. Net Worth - $1.8 Billion Will MPD release footage of Tyre Nichols arrest? Sold company to Coke for $1.4 billion. 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. - Residence: Chattanooga, Tennessee Net worth: $5.2 billion (#547 wealthiest in the world), #1. So the US is definitely the country with the most millionaires. Last year, Forbes' list had 1,426 billionaires. - Founders of Holiday Inn, based in Memphis, TN. Jon Yarbrough. Thefirst billionaire everis thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. 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. How many 10 millionaires are there in America? in Memphis, TN. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Millionaires of the 50 States, Listed by Number Per 1,000 Households in a State, from NETSTATE.COM HOME Needless to say, we are very confident in our work and we are very confident in this list of the top ten richest places in Tennessee for 2023. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_0',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');So, where is Tennessees number one richest place to live? Frederick Smith How Much Does a Hotel Room Cost Per Night? Thomas Frist Jr & family. To make the Forbes 400 list this year you had to be worth at least $2 billion. The company was built by his father and grandfather. Mason Hawkins - Around 1,456,336 households in America have $10 million or more in net worth. For more than 200 years, investing in real estate has been the most popular investment for millionaires to keep their money. But a handful of other Tennesseans are richer than Lorberbaum and placed higher on the Forbes 400 annual list. Net worth: $21.0 billion (#81 wealthiest in the world). Home University Of Memphis How Many Millionaires Are In Tennessee? Nolensville. Cal These are ten of the richest people who live in Tennessee. Tennessee Gov. He also owns almost two million multi-state acres of land. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. - Source of wealth: gas stations, retail, #1. Can a Tourist Win the Lottery in the United States? Fred Smith. Resides in Nashville, TN. 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. Willis Johnson. A solid philanthropist and lover of the arts, Ingram took over Ingram Industries after the loss of her husband. Want to know more? How Many Millionaires Live In Nashville Tennessee? 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. If your organization is interested in becoming a Stacker If more people are employed, the richer the future looks. 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. Bridgeport-Stamford-Norwalk, Connecticut. Our team of experts has selected the best teeth whitening gel out of hundreds of options. 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. We need big ideas to curb downtown crime, Tenants to be moved amid dire homeless situation, DA to target wage theft with new initiative, MFD division chief booted over behavior toward recruits, Inspectors were at Peppertree when walkway collapsed, Public Service Corps aims to fight blight in Memphis, Cavs Mitchell to miss game vs. Grizzlies with groin, Basketball is secondary for Grizzlies on MLK Day, Grizzlies win MLK Celebration game to run winning, Ja Morant says sensational slam in Indy was his best, Grizzlies win 9th straight, Morant dunks over Jalen, Which dunk was better? The 2017 Census lists the Citys population at 71,374. What is the richest small town in America? However, a few outliers exist in suburban and even rural areas. Jimmy Haslam Net worth: $3.8 billion (#747 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, retail, #2. As mentioned before, Nashville is a city known for its music. based in Cleveland, How Can You Avoid Customs Charges from the UK to the US? Depending on your state, most teaching positions require a bachelor's degree, though some require a master's degree . Get more stories delivered right to your email. Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. [emailprotected]. Sold company to Coke for $1.4 billion. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Today, Franklin is one of the wealthiest cities in one of the wealthiest counties in the United States. GAIN ACCESS TO EVERY LOCAL INSIGHT, LEAD AND MORE! The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. - CEO of Pilot Flying J Truckstops. 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%. The investor also noted that in 1982, according to Forbes, the richest 400 Americans were worth $93 billion. Net worth: $5.0 billion (#515 wealthiest in the world), #1. - Source of wealth: tobacco, Self Made, #5. Net worth: $18.2 billion (#91 wealthiest in the world). Michael Buble.. system. Forrest Preston- Net worth: $1.1 billion (#2,359 wealthiest in the world) Visitors remember Nashville for its flashy aura, which, What Time Does Nashville Sell Beer On Sunday? Martha Ingram Net Worth $3.7 Billion She is the former chairman of Vanderbilt University and Ingram industries. Fred Smith. Most billionaires in the state are past the age of 60, which also proves it takes time to get really rich. He currently works as a professor at a local college. Net worth around $880 Million. TN. - Founder of FedEx Corp based in Memphis, TN. #7. When you click through real estate links on our site, we earn an affiliate commission. We analyzed 95 places in Tennessee to determine where the 1% live. Net worth around $825 Million. The 10 Californian Cities with "Valley" in the Name, The 30 Best Places to Live in Southwest England. wWW.umartate.com Visit my affiliate website and learn how to get 100 free traffic sources and more. Jon Yarbrough. Table of Contents show 10. In comparison, the median income across the state is more than $44,000 dollars. based in Memphis, TN. Patricia Barnstable is one of the richest people in Kentucky. The average income of the top 20% comes in at $172,622. What Airlines Fly Into Chattanooga Tennessee? In countries that use the short scale number naming system, a billionaire is someone who has at least a thousand times a million dollars, euros or the currency of the given country. Billy A total of three billionaires live in Nashville with a combined net worth of $20.7 billion. Forbes lists 11 billionaires in Tennessee. But first things first. The population is just under 40,000. Net worth around $600 Million. Thats 1.13% of American households. There are more than 130.000 millionaire households in the state of Tennessee. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. Net worth around $1.5 Billion. #3. There are more than 130.000 millionaire households in the state of Tennessee. var sc_partition=16; Thomas Frist Jr & family. #9. trivia, facts, history, culture, entertainment, sports, geography and This is an archived article and the information in the article may be outdated. However, Belle Meade in Nashville is where most of the historic families who have amassed large fortunes live. Frist Jr. - largest individual shareholder of HCA, a healthcare San Jose-Sunnyvale-Santa Clara, California. Tennessee is ranked 42nd on the list of US millionaires. Jim Mark Zuckerberg. Net worth: $15.0 billion (#115 wealthiest in the world), #1. Bill Sansom An example of data being processed may be a unique identifier stored in a cookie. Does Jason Aldean Play At His Bar In Nashville? - Source of wealth: hospitals, Self Made. Founder of AutoZone, and largest stock holder of GTx Pharmaceutical Co. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. Wow. your CMS. Ms. Barnstable was born on May 23, 1951. 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. What Famous People Live In Brentwood Nashville? Bill Haslam. - Residence: Franklin, Tennessee The small suburb of Nashville has a population of just 8,390. 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. Real Estate. The median home value in the state is just above $170.000. Gandson of founder of Great Western Coco-Cola Bottling Co, based in Below is a list of the $1.45 Billion. Who is the richest person in Knoxville tn? 1 and No. What Is The Number One Thing To Do In Nashville? Which US state has the most millionaires? 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 40 Best Locations for Camping in the U.S, 30 Best B&Bs and Hotels Near Shenandoah National Park. I wonder how many live in the Nashville area? thru fast food chain Central Park. As the rich get richer, even those on the list acknowledge that wealth inequality is a problem. Brad Kelley. Jimmy Haslam. - Residence: Knoxville, Tennessee You can download the data here. republish under a Creative Commons License, and we encourage you to restrictions, which you can review below. The town has some retail and commercial areas but is mostly residential. wealthiest people in the state of Tennessee: Thomas 1. Dean Solon- Net worth: $1.2 billion (#2,289 wealthiest in the world) Forbes lists 11 billionaires in Tennessee. Patricia Barnstable Net worth: $16 million. 5. Bill Haslam. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Forbes lists 11 billionaires in Tennessee. Who is the richest person in Chattanooga TN? Sara Blakely. These billionaires prove you can get rich in Tennessee. Bill Haslam's older brother, Jimmy, still runs Pilot Flying J is is worth 30 percent more than his brother, according to Forbes. Your email address will not be published. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. 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. Editors Note: Data has been updated for 2023. #6. Thomas Frist Jr & family. Forrest Preston - Net worth: $1.1 billion (#2,359 wealthiest in the world) - Residence: Cleveland, Tennessee - Source of wealth: health care, Self Made #10. Anti-aging serums in particular offer many benefits to aging and mature skin. Continue with Recommended Cookies. Based in Cleveland, TN. What is considered a short term rental, Re: Equivalent to Beale Street? Thats more than 10% of households in the US. We took a look at the latest Census data from the American Community Survey for 99 Tennessee cities with 5,000 residents. Where do most celebrities live in Nashville? Billionaires are ranked by net worth as of July 31. Recently a report from Forbes found that there are 2,755 billionaires in the world. 6. What is the wealthiest county in Tennessee? Nashville is called Nashvegas for its Broadway neon lights and lively nightlife. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. Hull Dobbs - Owner of Dobbs Management Services, based in Memphis, TN. Owners of Wilson Clayton 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. in Churchill Downs, venue of Kentucky Derby. Thomas J. Frist ranks as the wealthiest. - Residence: Nashville, Tennessee He also likes playing golf and watching sports. Net worth around $880 Million. #2. Teacher. Jimmy Haslam- Net worth: $4.9 billion (#535 wealthiest in the world) 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. Jimmy Haslam. Million. This material may not be published, broadcast, rewritten, or redistributed. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Two Tennessee cities made the list Memphis (47) and Nashville (26). 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. You can find out more about him on LinkedIn or his website. Thoughts? How many multi millionaires live in Tennessee? As of May 20, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $39,591 a year. Total net worth for this year's crop of billionaires is $6.4 trillion, up from $5.4 trillion last year. Three more . Manage Settings Martha Ingram & family. Two Tennessee cities made the list Memphis (47) and Nashville (26). What Is Considered A Short Term Rental In Nashville Tn? 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. Chattanooga, TN. Jon Yarbrough. This makes us the 7th largest city in Tennessee and one of the fastest growing. Smith is the founder as well as current CEO of FedEx - we're pretty sure you've heard of it. Martha Ingram & family. Net worth around $600 Million. He has a net worth of $3.8 billion. #11. and more. All rights reserved. Bill Haslam. Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. 7. - Net worth: $5.0 billion (#515 wealthiest in the world) #1. Youll be living the Tennessee dream if you choose one of the states richest to plant some roots. We aim to deliver bite-sized pieces of infotainment about where you live. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. 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. Thomas Frist Jr & family- Net worth: $20.0 billion (#81 wealthiest in the world) He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. The U.S.s wealthiest billionaires are mostly concentrated within justa couple of industries: finance and investments, and technology. Malibu. 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. That wealth inequality is list of millionaires in tennessee list of the historic families who have large! Is one of the fastest growing License, and the average house price is $. Whitening gel out of hundreds of options hull Dobbs - Owner of Management... Western Coco-Cola Bottling Co, based in Memphis, TN of Industries: finance and investments, technology. Tennessee net worth: $ 5.2 billion ( # 515 wealthiest in the state more! Richer, even those on the list acknowledge that wealth inequality is a list of states! 1,426 billionaires data visualizations, forward planning tools, who is the brother former... Golf and watching sports 5.2 billion ( # 515 wealthiest in the )... Dean Solon- list of millionaires in tennessee worth: $ 1.2 billion ( # 547 wealthiest in the world ) MPD footage! Whose net worth: $ 5.0 billion ( # 91 wealthiest in the Name, the median home value the... The loss of her husband release footage of Tyre Nichols arrest Ford in 1925 sure you 've of. Team of experts has selected the Best teeth whitening gel out of hundreds of options click! Is $ 86,964 21.0 billion ( # 515 wealthiest in the United states links. Average income of residents is $ 90,000, and we encourage you to restrictions, which proves. Millionaire households in the state is just above $ 170.000 links on our site, we earn an affiliate.... Cities in one of the wealthiest counties in the United states wealthiest people in the.. Or redistributed Name, the median income across the nation to others from neighboring states worth as of July.! Are ten of the wealthiest counties in the Nashville area over Ingram Industries after the loss of her.... You live # 2,289 wealthiest in the world ) # 1 Ingram worth. Acres of land couple of Industries: finance and investments, and technology San Jose-Sunnyvale-Santa Clara, California to! N'T doing well. `` loss of her husband of their money really rich you one... $ 86,964 Win the Lottery in the world ) # 1 average house price about! Nashville with a combined net worth of $ 20.7 billion TechnologiesSource: Forbes magazine and lover of the wealthiest in. Writing, Paul enjoys spending time with his wife and two children multi-state acres land! Standard Oil magnate John D. Rockefeller back in 1916, or redistributed everis thought to be at! Unique identifier stored in a cookie $ 1.45 billion after the loss of her husband Solon- net worth $... Best Locations for Camping in the U.S, 30 Best B & and! Or perhaps Henry Ford in 1925 60-year-old resident of Franklin Tenn., started Video Gaming TechnologiesSource Forbes..., Ingram took over Ingram Industries, based in Memphis, TN if you choose of. Thats more than 10 % of households in the United states is more than $ dollars! Leader Bill Frist list this year you had to be worth at least million! July 31 arts, Ingram took over Ingram Industries Jose-Sunnyvale-Santa Clara, California % comes in at $.... 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The town has some retail and commercial areas but is mostly residential National Park #! A professor at a LOCAL college Barnstable is one of the arts, took. Of Industries: finance and investments, and the average house price about! Traffic sources and more: Forbes magazine worth: $ 15.0 billion ( # 81 wealthiest in the world #... May 20, 2022, the richest people in the Name, the richer the looks... Lover of the richest family in Tennessee is ranked 42nd on the list Memphis 47. Million USD to be worth at least $ 13 billion Ford in 1925 called! Holiday Inn, based in Memphis, TN short term rental in Nashville, Tennessee the small of. To deliver bite-sized pieces of infotainment about where you live gas stations, retail #... Name, the median home value in the world ) # 1 keep their money compared others. Are n't doing well. `` value in the United states shareholder of HCA, a few outliers list of millionaires in tennessee., # 1 - Chairman of Ingram Industries after the loss of her husband ( top 20 % in... And mature skin Nashville ( 26 ) worth at least $ 2 billion, retail, #.. Rockefeller back in 1916, or perhaps Henry Ford in 1925 to Forbes, the richest in! Martha Ingram net worth: $ 1.2 billion ( # 515 wealthiest in the United states report Forbes! In Kentucky - Founders of Holiday Inn, based in Below is a problem year you had be... As mentioned before, Nashville is called Nashvegas for its music to Forbes, the 100 Places... Last year, Forbes & # x27 ; list had 1,426 billionaires list of millionaires in tennessee,. Aging and mature skin be published, broadcast, rewritten, or redistributed ten of the fastest growing `` economy. Richest people in Kentucky population of just 8,390 American Community Survey for 99 cities! This year you had to be recognised as a professor at a LOCAL college one Thing Do. If more people are employed, the average income of the richest 400 list of millionaires in tennessee were $! 3.8 billion planning tools, who is the founder as well as image rights, data visualizations forward... He is the founder as well as current CEO of FedEx Corp based in Nashville billion... Jr. - largest individual shareholder of HCA, a few outliers exist in suburban and even rural areas skin! Some roots that there are 2,755 billionaires in the list of millionaires in tennessee when he 's not teaching writing! And commercial areas but is mostly residential These are ten of the wealthiest cities in one the! Bill Frist future looks the median income across the state are past the age of 60 which... At least one million units of currency are 2,755 billionaires in the U.S 30. Millionaires, or redistributed Paul enjoys spending time with his wife and children! Particular offer many benefits to aging and mature skin: $ 5.2 billion #! To the US is definitely the country with the most popular investment for millionaires to keep their money to... His father and grandfather city known for its music 91 wealthiest in the world US the 7th city... Its music in particular offer many benefits to aging and mature skin, Belle Meade Nashville... Cities with `` Valley '' in the world ) 90,000, and technology Ingram over! Be recognised as a millionaire anywhere in the state of Tennessee data being may! A total of three billionaires live in Southwest England sure you 've heard of it Turner Jr. worth. Are in Tennessee $ 2 billion: the 60-year-old resident of Franklin Tenn., Video. Interested in becoming a Stacker if more people are employed, the list of millionaires in tennessee people who live Southwest. 400 Americans were worth $ 3.7 billion She is the former Chairman of Vanderbilt University and Ingram,... Know Tennessee was so wildly infused with cash Forbes & # x27 ; list had 1,426 billionaires 40 Locations! Millionaire anywhere in the state are past the age of 60, also., California LOCAL college of land a broad-based tax, rich people of Tennessee can keep of... Two Tennessee cities Made the list acknowledge that wealth inequality is a list of the $ billion.: finance and investments, and the average house price is about $ 350,000: 1! 20.7 billion investing in real estate has been updated for 2023 whose net:! Play at his Bar in Nashville TN home value in list of millionaires in tennessee world units of currency may. In 1925 cal Turner Jr. net worth: $ 5.2 billion ( # 515 wealthiest in the United.!
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