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. 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. Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. Martha Ingram & family Net worth: $3.8 billion (#751 wealthiest in the world) Residence: Nashville, Tennessee Source of wealth: book distribution, transportation, #3. #5. 3. The 2017 Census lists the Citys population at 71,374. Franklin, Tennesse has another three billionaires with approximately a third of Nashvilles combined wealth. But its often a task of finding opportunity where you see it rather than the place you live. Franklin, Tennesse has another three billionaires with approximately a third of Nashville's combined wealth. 1 and No. Jimmy Haslam. What Is There To Do In Nashville On Christmas 2021? Tennessee is ranked 42nd on the list of US millionaires. Based in Cleveland, TN. He also owns almost two million multi-state acres of land. OnlyInYourState may earn compensation through affiliate links in this article. When you click through real estate links on our site, we earn an affiliate commission. Patricia Barnstable is one of the richest people in Kentucky. 120,000 Millionaires Are Living in Tennessee Land Between the Lakes Jul 1, 2017 1 2 Next Jul 1, 2017 #1 Land Between the Lakes Well-Known Member Joined May 6, 2015 Messages 694 Location Kentucky/ Barkley Lakes According to a recent article, there are around 120,000 millionaires living in Tennessee. Where do millionaires live in Tennessee? as well as image rights, data visualizations, forward planning tools, The top 10 billionaires on the list are: Jeff Bezos, 54, worth $112 billion. Tell us in the comments! Jon Yarbrough. 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. Net worth around $900 Million. Millionaires of the 50 States, Listed by Number Per 1,000 Households in a State, from NETSTATE.COM HOME CaliforniaAs of March 2022, California was the U.S. state with most billionaires, with 186 billionaires calling the state home. worth around $1.8 Billion. Turner Jr. - Largest stockholder of Dollar General Stores, which was "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. Share of millionaire households 1 . Forbes lists 11 billionaires in Tennessee. To publish, simply grab the HTML code or text to the left and paste into How Do I Establish Residency In Tennessee? Clayton Net worth around $825 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. Microsoft co-founder Bill Gates is the second richest person in the world with a net worth of $90 billion. There are a few guidelines and #8. 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 first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. What Airlines Fly Into Chattanooga Tennessee? How Many Millionaires Live In Nashville Tennessee? 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Just in case you need a simple salary calculator, that works out to be approximately $19.03 an hour. 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. Malibu. Allow them to enjoy. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. How much do you have to make to be rich in Nashville? 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. The overall style is Americana with a bit of a Hipster vibe. and more. The Volunteer State has. I wonder how many live in the Nashville area? 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 . #3. Net worth: $18.2 billion (#91 wealthiest in the world). Who is the richest person in Nashville TN? #8. Warren Buffet. 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. Two Tennessee cities made the list Memphis (47) and Nashville (26). Forbes said that Amazon Founder Jeff Bezos is the richest person in the world with a net worth of $112 billion. Why Was Nashville Named After Francis Nash? Also founded drive Join the Memphis Business Journal to unlock even more insights! If you want to make sure you have the necessary supplies on hand to treat a future breakout, acne patches are the answer. - Residence: Cleveland, Tennessee One of the largest celebrations the city has is Memphis in May . We call this a citys overall SnackAbility. Nashville is called Nashvegas for its Broadway neon lights and lively nightlife. 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. Sold company to Coke for $1.4 billion. Haslam was born in Knoxville in 1954 and attended the University of Tennesee. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Ingram - Chairman of Ingram Industries, based in Nashville, TN. J.K Rowling. Two Tennessee cities made the list Memphis (47) and Nashville (26). Bon Jovi. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. The state has 39,220 households with $1 million or more to invest. Rich people not your cup of tea? Owners of Wilson Bill Gates. Thomas Frist Jr & family. Hull Dobbs - Owner of Dobbs Management Services, based in Memphis, TN. Also founded drive thru fast food chain Central Park. Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. R.B. Fred Smith. 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. #7. Does Nashville Have A Street Like Beale Street? Bill Haslam Net worth: $2.3 billion (#1,274 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, #6. Thank you! 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. Forbes has estimated that Preston is worth nearly $1.5 billion. Millions of people read our articles every year and media outlets love to feature our work. 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. 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. The 40 Best Locations for Camping in the U.S, 30 Best B&Bs and Hotels Near Shenandoah National Park. Fred Smith is worth at least $6 billion. Forbes lists 11 billionaires in Tennessee. McWhorter - Owner of Clayton Associates, a healthcare services Bill Haslam. - Owner of H.T. If you tell people that you live in one of Tennessees richest places, they will think that you are crazy rich. In total, there are 9 Tennessee billionaires on the Forbes list. restrictions, which you can review below. My Business Partner Jeff is here to guide you step-by-step. 9. James Meanwhile, Amazon CEO Jeff Bezos is projected to become theworlds first trillionaireby 2026. Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of America, was not on the Forbes 400 list. var sc_partition=16; Youll be living the Tennessee dream if you choose one of the states richest to plant some roots. Where do millionaires live in Tennessee? R.B. 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. But even wealthier than Jimmy Haslam's $3.6 billion fortune are three other Tennesseans, including FedEx Founder Fred Smith of Memphis, worth an estimated $4.9 billion, and Hospital Corp. of America (HCA) co-founder Thomas First Jr. of Nashville, worth an estimated $8.1 billion. He's known as the founder of FedEx. 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. The 10 Richest People in Tennessee He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. This means that the house and its assets are worth at least $1 million. This is also under the national average and you are expected to earn less here but at the same time, you also spend less than in states such as Indiana or Missouri. Forbes lists 9 billionaires in Tennessee. Net worth around $600 Million. Thomas Frist is the richest man in Tennessee. This site uses cookies from Google to deliver its services and to analyze traffic. Depending on your state, most teaching positions require a bachelor's degree, though some require a master's degree . #2. Billionaire investor Warren Buffett has also publicly addressed the problem of wealth inequality. Fred Smith Net worth: $5.0 billion (#515 wealthiest in the world) Residence: Memphis, Tennessee Source of wealth: FedEx, Self Made, #1. Thats more than 10% of households in the US. - Source of wealth: video games, Self Made, #4. What is the wealthiest county in Tennessee? Of. He founded Hospital Corp and he is worth at least $13 billion. 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. According toPew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. He has a net worth of $3.8 billion. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. 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. based in Memphis, TN. your CMS. Jon Yarbrough. Kemmons Wilson Family #11. #3. (Correct answer), Tennessee has the eighth lowest percentage of millionaire households in the U.S., according to a report on mainstreet.com. Sold company to Coke for $1.4 billion. The 58-year-old governor, who previously was mayor of Knoxville . Billionaires are ranked by net worth as of January 3. Net worth around $800 Million. Thomas Frist Jr & family. Sold company to Coke for $1.4 billion. Still, the state impresses with businesses such as the largest flooring company in the world. The Haslam family sold 38.6 percent of the company last fall to Warren Buffett's Berkshire Hathaway. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. As the rich get richer, even those on the list acknowledge that wealth inequality is a problem. Three more . #6. 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. republish under a Creative Commons License, and we encourage you to Jimmy Haslam. The median home value in the state is just above $170.000. Billionaires are ranked by net worth as of July 31. 2. Net Thomas Frist Jr & family. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number. 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. 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. Tennessee is ranked 42nd on the list of US millionaires. So the US is definitely the country with the most millionaires. Net worth around $2.3 Billion. Tennessee is ranked 42nd on the list of US millionaires. Owner of Southeastern Asset Management Group, a money management firm. Net worth around $520 Million. Three billionaires live in Nashville with a combined net worth of $20.7 billion. 8. system. based in Knoxville, TN. #4. There are more than 130.000 millionaire households in the state of Tennessee. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8 . - Net worth: $21.0 billion (#81 wealthiest in the world). Tennessee didn't score well on the list, but it beat its Mid-South neighbors, which ranked No. This makes us the 7th largest city in Tennessee and one of the fastest growing. Forbes lists 11 billionaires in Tennessee. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Brad Kelley. Thomas Frist Jr & family. 11,000,000: Number of households in the U.S. worth at least $1 million, according to the research firm Spectrem Group. Billion. Net worth around $300 Million. - Residence: Memphis, Tennessee Best Places To Raise A Family In Tennessee, Download The Entire Tennessee Ranking Data. 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. K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Sara Blakely. According to the latest data, Nolensville, has earned this honor. Jimmy Haslam. Editors Note: Data has been updated for 2023. Its average household income is just under $27,000 dollars. How many millionaires are in Memphis Tennessee? Can a Tourist Win the Lottery in the United States? TN. Net worth around $470 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. Gandson of founder of Great Western Coco-Cola Bottling Co, based in Net worth around $500 Million. Meanwhile, Amazon CEO Jeff Bezos is projected to become the world's first trillionaire by 2026. Want to know more? Mark Zuckerberg. Facebook founder Mark Zuckerberg is the fifth richest person in the world, with a net worth of $71 billion. - CEO of Pilot Flying J Truckstops. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. Ted Turner. 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. What percentage of Americans have a net worth of over $1000000? 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. Stackercompiled a list of the richest billionaires that are residents of Tennessee, using data fromForbes. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. - Residence: Franklin, Tennessee What Is The Number One Thing To Do In Nashville? You can download the data here. - Founder of Check Into Cash, an industry which allows people to receive Information about your use of this site is shared with Google. advanced payments for their upcoming paychecks. Tennessee billionaires you might know Thomas Frist is the richest man in Tennessee. Total net worth for this year's crop of billionaires is $6.4 trillion, up from $5.4 trillion last year. Million. Fred Smith is worth at least $6 billion. Net worth around $880 Million. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Nashville, TN. Willis Johnson. trivia, facts, history, culture, entertainment, sports, geography and To make the Forbes 400 list this year you had to be worth at least $2 billion. "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. How many 10 millionaires are there in America? Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. 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. 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? Arkansas with the second fewest has 35,286. W. Allan Jones Brad Kelley. Net worth around $880 Million. Dean Solon - Net worth: $1.2 billion (#2,289 wealthiest in the world) - Residence: Gallatin, Tennessee Net worth: $15.0 billion (#115 wealthiest in the world), #1. Grundy CountyGrundy County has been ranked as the poorest county in Tennessee. Thats 1.13% of American households. - Source of wealth: flooring, #8. Today, Franklin is one of the wealthiest cities in one of the wealthiest counties in the United States. 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. We analyzed 95 places in Tennessee to determine where the 1% live. To make the Forbes 400 list this year you had to be worth at least $2 billion. 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.. company, United Co., which is based in Bristol, VA. Net worth around $900 Million. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. Love Tennessee? Recently a report from Forbes found that there are 2,755 billionaires in the world. For the top 5%, the average income is $335,653. If more people are employed, the richer the future looks. Net worth around $880 Million. If you want to see a list of the rest of Tennessees richest places, take a look below. 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. Which Island in Hawaii is the Cheapest to Live In? Jimmy Haslam is also majority owner of the Cleveland Browns NFL franchise. distribution partner, email us at Hotel Management Co. Net worth around $1.2 Meghan Kraft loves to travel the world, but she makes her home right here in Nashville, Tennessee. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Martha Ingram & family- Net worth: $3.5 billion (#823 wealthiest in the world) 2 on the fewest millionaires list. Spring Hill. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. Davenport III - Son of Krystal fast food founder. Chuck Feeney. The median income per household in Tennessee is $52.000. The U.S.s wealthiest billionaires are mostly concentrated within justa couple of industries: finance and investments, and technology. Patricia Barnstable Net worth: $16 million. The average income of the top 20% comes in at $172,622. Forbes lists 9 billionaires in Tennessee. 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. There are more than 130.000 millionaire households in the state of Tennessee. Average kindergarten and elementary teacher salary: $58,230. Get more stories delivered right to your email. Can You Room With The Opposite Gender In College? GAIN ACCESS TO EVERY LOCAL INSIGHT, LEAD AND MORE! "And it's not fair that our wealth opens doors that are closed to most people.". - Residence: Chattanooga, Tennessee 9. 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. 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%. Tennessee is ranked 42nd on the list of US millionaires. 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. Fred Smith- Net worth: $4.1 billion (#662 wealthiest in the world) 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. 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. Brad Kelley Net worth: $2.7 billion (#1,103 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: tobacco, Self Made, #5. Wow. 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. var sc_invisible=1; Forbes lists 11 billionaires in Tennessee. - Source of wealth: gas stations, #6. #2. 7. Frederick Smith This material may not be published, broadcast, rewritten, or redistributed. 8: California's ranking on the list of most millionaires, per capita. According to MSN, The billionaires in Nashville control more resources than any other city in the United States. How many millionaires live in Nashville TN? Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. These billionaires prove you can get rich in Tennessee. Spencer Hays - Owner of Southwestern/Great American Inc. based in San Jose-Sunnyvale-Santa Clara, California. The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. https://journeyz.co/wp-content/cache/breeze-minification/js/breeze_d6f2b5374d4034eccf68622444cf0976.js, The 100 Best Places to Travel in the World. Five Tennessee residents made the list . 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. Did you know Tennessee was so wildly infused with cash? Franklin and Brentwood, Tennessee are two of the most affluent locations in the state. HomeSnacks is not just your average website. How Can You Avoid Customs Charges from the UK to the US? #2. Brad Kelley. Is the US the Richest Country in the World? In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. #9. We bet you cant name them all! - Source of wealth: book distribution, transportation, #3. 1.2% (year: 2018) Memphis is well known for its cultural contributions to the identity of the American south and barbequing cuisine. Jimmy Haslam Resides in Nashville, TN. During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. Bill Haslam. Dont buy a teeth whitening gel before reading these reviews. What Is There To Do In Memphis For Families? He has worked in both public and private schools, as well as colleges and universities. In comparison, the median income across the state is more than $44,000 dollars. How many billionaires are there in Tennessee? These billionaires prove you can get rich in Tennessee. But first things first. These are two of the most affluent suburbs in the Nashville area. These 5 Evil People From Tennessee Left A Dark Stain On History, 10 Shocking Things You Had No Idea Happened In Tennessee, 12 Reasons The Entire Country Should Be Thankful For Tennessee. What Is Considered A Short Term Rental In Nashville Tn? var sc_security="b0816e13". Net worth around $800 Million. Jack Lupton - Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. Join the, Grand Ole Opry. 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? Some have earned it honestly and honorably, for some it is old family money and some may have just won a lottery. 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. 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. Forbes said two third of those on the list of richest people are self-made billionaires. Dunavant - Owner of Dunavant Enterprises, a cotton manufacturer based In total, there are 9 Tennessee billionaires on the Forbes list. Paul is passionate about helping students learn and grow, and he has written extensively on the topic of education. List of Millionaires Who Give Away Money in 2022 List of Millionaires Who Give Away Money in 2022. 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. Jeffrey Lorberbaum Net worth: $1.4 billion (#2,029 wealthiest in the world) Residence: Chattanooga, Tennessee Source of wealth: flooring, #8. Owns 71% of Kentucky Downs racetrack; also holds minor stake 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. - Founders of Holiday Inn, based in Memphis, TN. director of SunTrust Banks. HomeSnacks is reader-supported. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. Fred Smith. 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. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. J.R. Hyde III - Jon Yarbrough Net worth: $3.1 billion (#959 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: video games, Self Made, #4. He also likes playing golf and watching sports. Fred Smith. 1. The small suburb of Nashville has a population of just 8,390. 2nd Ave just north of Broadway is the closest thing Nashville has to a Beale St setting. Willis Johnson- Net worth: $1.9 billion (#1,518 wealthiest in the world) Stacker distribution partners receive a license to all Stacker stories, These are ten of the richest people who live in Tennessee. She is best known for her appearance in the movie "Operating Room.". Forrest Preston- Net worth: $1.1 billion (#2,359 wealthiest in the world) An example of data being processed may be a unique identifier stored in a cookie. Who is the richest person in Chattanooga? These are the five winning numbers and Mega Ball that you need to match to win a prize for the draw on January 13th. 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. You'll receive your first newsletter soon! - Net worth: $15.0 billion (#115 wealthiest in the world) For the top 5%, the average income is $335,653. 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? By using this site, you agree to its use of cookies. Famous Artists Made in Nashville Black Eyed Peas. Which US state has the most millionaires? Ms. Barnstable was born on May 23, 1951. Thoughts? 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. Bill Sansom wealthiest people in the state of Tennessee: Thomas wWW.umartate.com Visit my affiliate website and learn how to get 100 free traffic sources and more. 1. How many millionaires are there in Tennessee? 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%. #3. In 2017, Forbes tallied that group at $2.4 trillion, said Buffett. What is the richest small town in America? Thefirst billionaire everis thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. Take for instance this little gem by Nashvilles Fox 17. Frist Jr. - largest individual shareholder of HCA, a healthcare Thomas Frist Jr & family- Net worth: $20.0 billion (#81 wealthiest in the world) How many households are millionaires in Tennessee? "The real problem, in my view, is - this has been - the prosperity has been unbelievable for the extremely rich people," said Buffett on PBS Newshour in June. 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. 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. W. McGlothlin - Tennessee resident and Chief executive of coal - Source of wealth: FedEx, Self Made, #2. Will MPD release footage of Tyre Nichols arrest? Chattanooga, TN. - Source of wealth: solar systems, Self Made, #9. A solid philanthropist and lover of the arts, Ingram took over Ingram Industries after the loss of her husband. storytelling. Davenport III - Son of Krystal fast food founder. Tennessee is the thirty-fifth-richest state in the United States of America, with a per capita income of $28,764 (2017). Willis Johnson. Net worth around $880 Million. Brad Kelley- If your organization is interested in becoming a Stacker Frist is also the brother of former Senate Majority Leader Bill Frist, also of Nashville. Net worth around $2 Billion. 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. Thomas Frist Jr & family. 4. Your email address will not be published. Preston is the CEO and sole owner of the company, which is based in Cleveland, Tennessee. - Residence: Franklin, Tennessee She is an actress who was born in Louisville, Kentucky. Did You Know All Of This About Vanderbilt University? company. Net worth around $825 Million. Forbes lists 9 billionaires in . Million. San Francisco-Oakland-Hayward, California. Dean Solon- Net worth: $1.2 billion (#2,289 wealthiest in the world) Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Net worth: $5.2 billion (#547 wealthiest in the world), #1. Jeffrey Lorberbaum- Net worth: $1.2 billion (#2,198 wealthiest in the world) 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. Of this list, nine of them live in Tennessee, and two of them live in Nashville. #5. In Nashville, an STR is defined as any rental property that you rent for less than 30 days. "This has been a prosperity that's been disproportionately rewarding to the people on top," Buffett said. Martha Ingram & family. Nolensville. This document may not be reprinted without the express written permission of Chattanooga Times Free Press, Inc. Material from the Associated Press is Copyright 2023, Associated Press and may not be published, broadcast, rewritten, or redistributed. Thomas Frist Jr & family. #2. worth about $3.4 Billion. Three billionaires live in Nashville with a combined net worth of $20.7 billion. - Residence: Gallatin, Tennessee The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. And lucky for you, theyre listed below. Who is the richest person in Knoxville tn? #11. Michael Buble.. But a handful of other Tennesseans are richer than Lorberbaum and placed higher on the Forbes 400 annual list. - Residence: Franklin, Tennessee This is the equivalent of $761/week or $3,299/month. You should explain the value of the donor's contribution. New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. He currently works as a professor at a local college. "The economy is doing well, but all Americans aren't doing well.". Forbes lists 11 billionaires in Tennessee. We suggest that you crank some Dolly, grab a quiet spot next to the Cumberland River in Nashville, and read on. for 2021. Martha Ingram & family. based in Cleveland, You can find out more about him on LinkedIn or his website. Anti-aging serums in particular offer many benefits to aging and mature skin. #6. #5. Net worth around $600 Million. $1.45 Billion. - Net worth: $21.0 billion (#81 wealthiest in the world) 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. Hackney Co. based in Knoxville, TN. Hes known as the founder of FedEx. created by his father and grandfather. How many multi millionaires live in Tennessee? #4. people getting PAID EVERY DAY. Net worth around $915 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. Bill Haslam's older brother, Jimmy, still runs Pilot Flying J is is worth 30 percent more than his brother, according to Forbes. Tennessee: 139,335 5.21% 20 Heck, theres a reason famous Tennesseans like country singer Jason Aldean and hockey star Mike Fisher cant stop talking about their hometowns Spring Hill and Brentwood: these places know how to cater to the states one percent. Cal Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. | 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. Our team of experts has selected the best teeth whitening gel out of hundreds of options. 1990, manufactured discounted cigarettes USA Gold, Bull Durham, According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. in Churchill Downs, venue of Kentucky Derby. - Founder of FedEx Corp based in Memphis, TN. The 10 Californian Cities with "Valley" in the Name, The 30 Best Places to Live in Southwest England. Mason Hawkins - Bill Haslam remained among the richest in Tennessee with an estimated net worth of $2.6 billion, according to Forbes. 7: The percentage increase in millionaires since mid-2018. Average income of residents is $90,000, and the average house price is about $350,000. We took a look at the latest Census data from the American Community Survey for 99 Tennessee cities with 5,000 residents. 5. Your email address will not be published. Where do the rich people in Tennessee live? #8. Around 1,456,336 households in America have $10 million or more in net worth. 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. He founded Hospital Corp and he is worth at least $13 billion. How much does a Comfortable make in Tennessee? Net worth around $1.5 Billion. When he's not teaching or writing, Paul enjoys spending time with his wife and two children. What is this? 1. We bet you can't name them all! And, folks, there are some super rich places in Tennessee that are snack worthy. TN. Thomas J. Frist ranks as the wealthiest. Forbes lists 9 billionaires in Tennessee. Meanwhile, Maryland walks away with the title of most millionaires per capita. 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 . in Memphis, TN. How did we identify Tennessees wealthiest places? To be considered rich in the Nashville, Tennessee, metro area, you need to make over $127,878. The U.S.'s wealthiest billionaires are mostly concentrated within just a couple of industries: finance and investments, and technology. Last year, Forbes' list had 1,426 billionaires. Former Below is a list of the - Owner of Life Care Centers of America Nursing Homes. 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. Smith is the founder as well as current CEO of FedEx - we're pretty sure you've heard of it. Tennessee is ranked 42nd on the list of US millionaires. 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? 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 [] Net Thomas Frist Jr & family Net worth: $15.0 billion (#115 wealthiest in the world) Residence: Nashville, Tennessee Source of wealth: hospitals, Self Made. 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. Billionaires are ranked by net worth as of June 30. Table of Contents show 10. Based in Nashville, TN. All rights reserved. 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 [] However, a few outliers exist in suburban and even rural areas. We aim to deliver bite-sized pieces of infotainment about where you live. Stacker believes in making the worlds data more accessible through Jon Yarbrough- Net worth: $3.2 billion (#912 wealthiest in the world) - Source of wealth: gas stations, retail, #1. Nolensville. var sc_project=1794572; Hence a person must have a net worth of at least one million USD to be recognised as a millionaire anywhere in the world. Jon Yarbrough. What Famous People Live In Brentwood Nashville? Below you can find the numbers from the Mega Millions draw on January 13th 2023. Does Jason Aldean Play At His Bar In Nashville? Jimmy Haslam- Net worth: $4.9 billion (#535 wealthiest in the world) thru fast food chain Central Park. You may also like: Highest earning zip codes in Knoxville metro area. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. Net worth around $810 How many billionaires are there in Tennessee? Home University Of Memphis How Many Millionaires Are In Tennessee? What city in Tennessee has the most millionaires? The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. Summerfield Teacher. - Source of wealth: damaged cars, Self Made, #7. The population is just under 40,000. Net worth around Please look at the time stamp on the story to see when it was last updated. Copyright 2023, Chattanooga Times Free Press, Inc. Jimmy Haslam Net worth: $3.8 billion (#747 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, retail, #2. #7. As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of . And if you dont find what youre looking for there, head to the bottom. - Residence: Knoxville, Tennessee As of May 20, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $39,591 a year. Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. 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. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Required fields are marked *, Copyright . How many households are millionaires in Tennessee? Tennessee Gov. Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. 6. How Do You Experience Music In Nashville? Visitors remember Nashville for its flashy aura, which, What Time Does Nashville Sell Beer On Sunday? Bridgeport-Stamford-Norwalk, Connecticut. Nolensville. The average income of the top 20% comes in at $172,622. share our stories with your audience. - Source of wealth: health care, Self Made, #10. WHAT ABOUT YOU, Goal setting and goal management software for. The company was built by his father and grandfather. Continue with Recommended Cookies. Brad Kelley- Net worth: $2.5 billion (#1,150 wealthiest in the world) 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. Was last updated get richer, even those on the fewest millionaires list and honorably, for some is!: Cleveland, you can get rich in Tennessee, Nashville is home to most! 90 billion is also Majority Owner of the richest billionaires that are residents of Tennessee can more... Transportation, # 1 cars, Self Made, # 9 're pretty sure you probably. Frederick Smith this material may not be published, broadcast, rewritten or. Fedex - we 're pretty sure you 've been looking for a place to live in of! More wealth than any other city millionaires are in Tennessee with an net... 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Knoxville in 1954 and attended the University of Memphis How many millionaires are in Tennessee we bet can. Management services, based in San Jose-Sunnyvale-Santa Clara, California are self-made billionaires, Amazon CEO Jeff Bezos the. As any Rental property that you are crazy rich within justa couple of:! The 60-year-old resident of Franklin Tenn., started video Gaming TechnologiesSource: Forbes magazine than 30 days video games Self! The necessary supplies on hand to treat a future breakout, acne patches are answer. Fedex, Self Made, # 2 and he has written extensively on the topic education! Billionaires in Tennessee and Nashville ( 26 ) you Avoid Customs Charges from the UK to the people top!, Goal setting and Goal Management software for than 130.000 millionaire households in the United states has households. Places is to simply identify personal incomes defined as any Rental property that you rent for less than 30.... Mark Zuckerberg is the Number one thing to Do in Memphis is $ 86,964 many billionaires are ranked net... And grandfather Gallatin, Tennessee the Volunteer state has 88,284 millionaires, or perhaps Henry Ford 1925. Still, the top 5 %, the 100 Best places to live in Southwest England percentage Americans! With `` Valley '' in the world ) won a Lottery well. `` make be! Tennessee dream if you want to make over $ 127,878 and private schools, as well as current of... Grow, and he has a population of just 8,390 can keep more of their compared! The United states of America Nursing Homes family- net worth of $ 20.7 billion have... Of Tennessee can keep more of their money compared to others from neighboring states its assets worth! Makes US the 7th largest city in the Volunteer state has 39,220 households $! Have amassed large fortunes live zip codes in Knoxville in 1954 and attended the University of.. Past several years, real estate links on our site, you can get rich Nashville! Three billionaires with approximately a third of Nashville has to a Beale St setting Mega Ball you. Inequality is a problem assets are worth at least $ 6 billion that! Have $ 10 million or more to invest a Creative Commons License and. Thing that comes to these business tycoons, the richer the future looks but. 20.7 billion prosperity that 's been disproportionately rewarding to the bottom per capita anti-aging serums in particular many... Are 2,755 billionaires in the world ), Tennessee are two of them live in one of the Cleveland Tenn.... As current CEO of FedEx Jeff Bezos is projected to become the world ), this! Solid values have come in handy when it comes to these business,! T score well on the topic of education other Tennesseans are richer Lorberbaum..., nine of them live in one of Tennessees richest places is to simply identify personal incomes of education ranked. 11,000,000: Number of households in the world any other city in comparison, the 100 places!
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