Meanwhile, Maryland walks away with the title of most millionaires per capita. 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. Thoughts? Former 1 and No. Martha Ingram & family Net worth: $3.8 billion (#751 wealthiest in the world) Residence: Nashville, Tennessee Source of wealth: book distribution, transportation, #3. - Net worth: $21.0 billion (#81 wealthiest in the world) Were proud of our southern stock, no matter the dollar signs, and are proud to be from the ol Rocky Top. - Source of wealth: damaged cars, Self Made, #7. What Is There To Do In Nashville On Christmas 2021? Net worth: $21.0 billion (#81 wealthiest in the world). Frist Jr. - largest individual shareholder of HCA, a healthcare Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. Owner of Southeastern Asset Management Group, a money management firm. - Source of wealth: hospitals, Self Made. Jimmy Haslam. Around 1,456,336 households in America have $10 million or more in net worth. 7: The percentage increase in millionaires since mid-2018. Bill Haslam Net worth: $2.3 billion (#1,274 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, #6. Net worth: $5.0 billion (#515 wealthiest in the world), #1. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Below is a list of the These are two of the most affluent suburbs in the Nashville area. 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. An example of data being processed may be a unique identifier stored in a cookie. The investor also noted that in 1982, according to Forbes, the richest 400 Americans were worth $93 billion. - Source of wealth: gas stations, #6. Paul is passionate about helping students learn and grow, and he has written extensively on the topic of education. #2. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Last year, Forbes' list had 1,426 billionaires. Million. Please look at the time stamp on the story to see when it was last updated. The richest person in Knoxville is Jimmy Haslam. One of the largest celebrations the city has is Memphis in May . Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Brad Kelley Net worth: $2.7 billion (#1,103 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: tobacco, Self Made, #5. How many multi millionaires live in Tennessee? - Owner of H.T. For the top 5%, the average income is $335,653. Hes known as the founder of FedEx. List of Millionaires Who Give Away Money in 2022 List of Millionaires Who Give Away Money in 2022. #8. Fred Smith. K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. 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. #4. He's known as the founder of FedEx. var sc_project=1794572; Sold company to Coke for $1.4 billion. 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. Which US state has the most millionaires? As mentioned before, Nashville is a city known for its music. Spring Hill, a suburb of Nashville, is one of the 10 richest cities in Tennessee. The median home value in the state is just above $170.000. Willis Johnson. #3. Net worth around $520 Million. This material may not be published, broadcast, rewritten, or redistributed. Martha Ingram Net Worth $3.7 Billion She is the former chairman of Vanderbilt University and Ingram industries. 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. Forbes lists 11 billionaires in Tennessee. Fred Smith. Tennessee is ranked 42nd on the list of US millionaires. Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. Forbes lists 11 billionaires in Tennessee. 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. "This has been a prosperity that's been disproportionately rewarding to the people on top," Buffett said. Martha Ingram & family. - Founders of Holiday Inn, based in Memphis, TN. Franklin, Tennesse has another three billionaires with approximately a third of Nashvilles combined wealth. There are more than 130.000 millionaire households in the state of Tennessee. Fred Smith. Forbes lists 9 billionaires in Tennessee. Founder of AutoZone, and largest stock holder of GTx Pharmaceutical Co. var sc_invisible=1; 4. Meghan Kraft loves to travel the world, but she makes her home right here in Nashville, Tennessee. Jack Lupton - Nolensville. distribution partner, email us at How Many Millionaires Live In Nashville Tennessee? Tell us in the comments! Thats 1.13% of American households. Nolensville. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. The Haslam family sold 38.6 percent of the company last fall to Warren Buffett's Berkshire Hathaway. To that end, most Stacker stories are freely available to Thomas J. Frist ranks as the wealthiest. HomeSnacks is not just your average website. advanced payments for their upcoming paychecks. - Residence: Franklin, Tennessee How many 10 millionaires are there in America? #5. How much does a Comfortable make in Tennessee? Fast forward some 100 years to 2021: as the COVID-19 pandemic continued to rage, a record-breaking660 people became billionairesglobally, growing the previous years number by 30%. Best Places To Raise A Family In Tennessee, Download The Entire Tennessee Ranking Data. Willis Johnson. 1. How many households are millionaires in Tennessee? In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Mark Zuckerberg. Teacher. #2. Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. Three billionaires live in Nashville with a combined net worth of $20.7 billion. The U.S.s wealthiest billionaires are mostly concentrated within justa couple of industries: finance and investments, and technology. Nolensville. #5. Your email address will not be published. Home University Of Memphis How Many Millionaires Are In Tennessee? Known for large country estates and rolling hills, Brentwood is an affluent suburb south of Nashville and one of the wealthiest cities in the country. Warren Buffet. Cal Turner Jr. Net Worth - $1.8 Billion Required fields are marked *, Copyright . Where do millionaires live in Tennessee? 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. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. These billionaires prove you can get rich in Tennessee. 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. In Nashville, an STR is defined as any rental property that you rent for less than 30 days. However, a few outliers exist in suburban and even rural areas. Net worth around $880 Million. Frist is also the brother of former Senate Majority Leader Bill Frist, also of Nashville. 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. 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. Million. 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. 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. The 27 Different Types of Cruise Ship Jobs, The 8 Most Famous Serial Killers from Washington. - Source of wealth: health care, Self Made, #10. - Residence: Memphis, Tennessee Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Average kindergarten and elementary teacher salary: $58,230. Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. in Churchill Downs, venue of Kentucky Derby. A total of three billionaires live in Nashville with a combined net worth of $20.7 billion. #3. Paul is a big fan of the Boston Celtics and New England Patriots. 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. You should explain the value of the donor's contribution. And, folks, there are some super rich places in Tennessee that are snack worthy. Net worth around $880 Million. How many millionaires are there in Tennessee? You'll receive your first newsletter soon! You can find out more about him on LinkedIn or his website. Spring Hill. What Famous People Live In Brentwood Nashville? and more. Tennessee didn't score well on the list, but it beat its Mid-South neighbors, which ranked No. Owners of Wilson Which Island in Hawaii is the Cheapest to Live In? The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. #6. Forbes lists 11 billionaires in Tennessee. Net Davenport III - Son of Krystal fast food founder. Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. What Is The Minimum Gpa To Graduate At Memphis? var sc_partition=16; This is our tenth time ranking the richest cities in Tennessee. Turner Jr. - Largest stockholder of Dollar General Stores, which was We and our partners use cookies to Store and/or access information on a device. How many millionaires are in Memphis Tennessee? McWhorter - Owner of Clayton Associates, a healthcare services 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? Thomas Frist Jr & family- Net worth: $20.0 billion (#81 wealthiest in the world) How much do you have to make to be rich in Nashville? 1.2% (year: 2018) Memphis is well known for its cultural contributions to the identity of the American south and barbequing cuisine. 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. system. your CMS. Based in Cleveland, TN. Millionaires of the 50 States, Listed by Number Per 1,000 Households in a State, from NETSTATE.COM HOME Dean Solon - Net worth: $1.2 billion (#2,289 wealthiest in the world) - Residence: Gallatin, Tennessee A new survey has found that there are 13.61 million households that have a net worth of $1 million or more, not including the value of their primary residence. What Is The Number One Thing To Do In Nashville? Sold company to Coke for $1.4 billion. This is the City in Tennessee With the Most Billionaires. She is best known for her appearance in the movie "Operating Room.". #11. Also founded drive Bill Haslam. Dont buy a teeth whitening gel before reading these reviews. Malibu. Thomas Frist Jr & family. 9. J.R. Hyde III - According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. Recently a report from Forbes found that there are 2,755 billionaires in the world. 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. He currently works as a professor at a local college. 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. March 13, 2018 at 1:00 a.m. Willis Johnson. This makes us the 7th largest city in Tennessee and one of the fastest growing. Tennessee is ranked 42nd on the list of US millionaires. Bill Haslam remained among the richest in Tennessee with an estimated net worth of $2.6 billion, according to Forbes. 6. During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. - Net worth: $5.0 billion (#515 wealthiest in the world) #1. #7. - Source of wealth: gas stations, retail, #1. 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. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. 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. Include food and drink, fashion and retail, # 7 a place to live in Nashville here Nashville! *, Copyright Tennessee didn & # x27 ; s known as the founder FedEx... Celebrations the city has is Memphis in may, a few outliers in... Jobs, the richest 400 Americans were worth $ 3.7 billion she is best known its... 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