- Source of wealth: gas stations, retail, #1. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Meanwhile, Amazon CEO Jeff Bezos is projected to become the world's first trillionaire by 2026. Grundy CountyGrundy County has been ranked as the poorest county in Tennessee. - Source of wealth: book distribution, transportation, #3. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number. Franklin, Tennesse has another three billionaires with approximately a third of Nashvilles combined wealth. TN. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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 . Thomas Frist Jr & family. Tennessee is ranked 42nd on the list of US millionaires. Franklin and Brentwood, Tennessee are two of the most affluent locations in the state. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr is the wealthiest, worth an estimated $8.2 billion. 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. Microsoft co-founder Bill Gates is the second richest person in the world with a net worth of $90 billion. 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of Chattanooga Times Free Press, Inc. Material from the Associated Press is Copyright 2023, Associated Press and may not be published, broadcast, rewritten, or redistributed. The Haslam family sold 38.6 percent of the company last fall to Warren Buffett's Berkshire Hathaway. Thomas Frist Jr & family. The investor also noted that in 1982, according to Forbes, the richest 400 Americans were worth $93 billion. Five Tennessee residents made the list . What Is The Number One Thing To Do In Nashville? - Owner of H.T. Forrest Preston- Net worth: $1.1 billion (#2,359 wealthiest in the world) 3. John for 2021. in Churchill Downs, venue of Kentucky Derby. To publish, simply grab the HTML code or text to the left and paste into Net worth: $15.0 billion (#115 wealthiest in the world), #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. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. No surprise there. Net worth around $880 Million. in Memphis, TN. 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. What Is There To Do In Memphis For Families? How many multi millionaires live in Tennessee? San Jose-Sunnyvale-Santa Clara, California. Real Estate. restrictions, which you can review below. How many millionaires do we have in California? 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. Brad Kelley. based in Knoxville, TN. HomeSnacks is reader-supported. Tennessee is ranked 42nd on the list of US millionaires. She is best known for her appearance in the movie "Operating Room.". Rich people not your cup of tea? The concentration of millionaires to the total number of people in Tennessee is 5%, which is under the national US average. Two Tennessee cities made the list Memphis (47) and Nashville (26). Net worth: $21.0 billion (#81 wealthiest in the world). worth about $3.4 Billion. Jack Lupton - 1.2% (year: 2018) Memphis is well known for its cultural contributions to the identity of the American south and barbequing cuisine. So the US is definitely the country with the most millionaires. Were proud of our southern stock, no matter the dollar signs, and are proud to be from the ol Rocky Top. Martha Rivers Get more stories delivered right to your email. Also founded drive thru fast food chain Central Park. How Many Millionaires Live In Nashville Tennessee? 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? 2 on the fewest millionaires list. This makes it one of the best states for first-time buyers who dont need to save as much deposit for a bank loan to buy a house. Where do the rich people in Tennessee live? "And it's not fair that our wealth opens doors that are closed to most people.". Teacher. 10) James W. McGothlin - 900 million Mason 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. We analyzed 95 places in Tennessee to determine where the 1% live. Join the, Grand Ole Opry. According to MSN, The billionaires in Nashville control more resources than any other city in the United States. Thomas J. Frist ranks as the wealthiest. Tennessee billionaires you might know Thomas Frist is the richest man in Tennessee. So we looked at this set of criteria from the newly released 2017-2021 American Community Survey: Median household income is the most digestible way to understand how rich a place really is. These are the five winning numbers and Mega Ball that you need to match to win a prize for the draw on January 13th. How did we identify Tennessees wealthiest places? 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. Bill Haslam Net worth: $2.3 billion (#1,274 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, #6. Billionaires are ranked by net worth as of July 31. He has worked in both public and private schools, as well as colleges and universities. company. Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. If you want to make sure you have the necessary supplies on hand to treat a future breakout, acne patches are the answer. Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. Paul Arnold is an education expert with over 25 years of experience in the field. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Who is the richest person in Knoxville tn? based in Memphis, TN. These billionaires prove you can get rich in Tennessee. storytelling. Millions of people read our articles every year and media outlets love to feature our work. wealthiest people in the state of Tennessee: Thomas Based in Nashville, TN. 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. My Business Partner Jeff is here to guide you step-by-step. Frist Jr. - largest individual shareholder of HCA, a healthcare How many households are millionaires in Tennessee? One of the largest celebrations the city has is Memphis in May . Sara Blakely. 2015-2023 Chasing Chains, LLC. Michael Buble.. Around 1,456,336 households in America have $10 million or more in net worth. Bill Haslam. 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 was born in Knoxville in 1954 and attended the University of Tennesee. #3. If your organization is interested in becoming a Stacker 5. Thomas Frist Jr & family. share our stories with your audience. James He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Bridgeport-Stamford-Norwalk, Connecticut. R.B. 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%. Forbes said that Amazon Founder Jeff Bezos is the richest person in the world with a net worth of $112 billion. This makes us the 7th largest city in Tennessee and one of the fastest growing. - Source of wealth: solar systems, Self Made, #9. $1.45 Billion. Owns 71% of Kentucky Downs racetrack; also holds minor stake Willis Johnson Net worth: $1.8 billion (#1,669 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: damaged cars, Self Made, #7. Net worth around $880 Million. After all, rich people have really high salaries. In comparison, the median income across the state is more than $44,000 dollars. Thomas Frist Jr & family. 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. Thomas J. Frist ranks as the wealthiest. Tennessee Gov. The average income of the top 20% comes in at $172,622. Davenport III - Son of Krystal fast food founder. What city in Tennessee has the most millionaires? #8. As of May 20, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $39,591 a year. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. 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? Million. For the top 5%, the average income is $335,653. | 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. Bill Haslam remained among the richest in Tennessee with an estimated net worth of $2.6 billion, according to Forbes. How many millionaires are in Memphis Tennessee? Net worth around $880 Million. There are more than 130.000 millionaire households in the state of Tennessee. 2. 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. thru fast food chain Central Park. We and our partners use cookies to Store and/or access information on a device. - Net worth: $21.0 billion (#81 wealthiest in the world). - Residence: Franklin, Tennessee - Source of wealth: damaged cars, Self Made, #7. 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. Recently a report from Forbes found that there are 2,755 billionaires in the world. Please look at the time stamp on the story to see when it was last updated. How Much Does a Hotel Room Cost Per Night? Net worth: $18.2 billion (#91 wealthiest in the world). This is an archived article and the information in the article may be outdated. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8 . Fred Smith. Thoughts? To make the Forbes 400 list this year you had to be worth at least $2 billion. Three more . 1. Why Was Nashville Named After Francis Nash? Chuck Feeney. Sold company to Coke for $1.4 billion. 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. Who is the richest family in Tennessee? Three billionaires live in Nashville with a combined net worth of $20.7 billion. What Is Considered A Short Term Rental In Nashville Tn? 6. 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. - Net worth: $15.0 billion (#115 wealthiest in the world) To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. He currently works as a professor at a local college. Martha Ingram & family- Net worth: $3.5 billion (#823 wealthiest in the world) Stackercompiled a list of the richest billionaires that are residents of Tennessee, using data fromForbes. Forbes lists 11 billionaires in Tennessee. Ingram - Chairman of Ingram Industries, based in Nashville, TN. Where do millionaires live in Tennessee? Fred Smith. - Owner of Life Care Centers of America Nursing Homes. Is the US the Richest Country in the World? Net worth around $810 And, folks, there are some super rich places in Tennessee that are snack worthy. Millions of people read our articles every year and media outlets love to feature our work. Bill Haslam. 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.. When you click through real estate links on our site, we earn an affiliate commission. 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. K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. Does Nashville Have A Street Like Beale Street? 1 and No. Ms. Barnstable was born on May 23, 1951. Spring Hill, a suburb of Nashville, is one of the 10 richest cities in Tennessee. This material may not be published, broadcast, rewritten, or redistributed. Nolensville. var sc_project=1794572; 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. - Residence: Knoxville, Tennessee Who is the richest person in Nashville TN? Visitors remember Nashville for its flashy aura, which, What Time Does Nashville Sell Beer On Sunday? According to the latest data, Nolensville, has earned this honor. According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. 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 . more! Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Jack Lupton - Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. The state has 39,220 households with $1 million or more to invest. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. #6. The Volunteer State has. 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. #5. Stacker believes in making the worlds data more accessible through 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? Did you know Tennessee was so wildly infused with cash? Tennessee is ranked 42nd on the list of US millionaires. Willis Johnson. She is an actress who was born in Louisville, Kentucky. These billionaires prove you can get rich in Tennessee. 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. Below is a list of the 8: California's ranking on the list of most millionaires, per capita. What Famous People Live In Brentwood Nashville? Sold company to Coke for $1.4 billion. Tennessee is ranked 42nd on the list of US millionaires. All rights reserved. #6. We bet you can't name them all! He has a net worth of $3.8 billion. Which Island in Hawaii is the Cheapest to Live In? Tennessee didn't score well on the list, but it beat its Mid-South neighbors, which ranked No. Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. Wow. The small suburb of Nashville has a population of just 8,390. (Solution). The lowest income to be considered rich (Top 20%) in Memphis is $86,964. Below you can find the numbers from the Mega Millions draw on January 13th 2023. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. If you tell people that you live in one of Tennessees richest places, they will think that you are crazy rich. The 10 Californian Cities with "Valley" in the Name, The 30 Best Places to Live in Southwest England. Today, Franklin is one of the wealthiest cities in one of the wealthiest counties in the United States. based in Cleveland, Jim Jeffrey Lorberbaum Net worth: $1.4 billion (#2,029 wealthiest in the world) Residence: Chattanooga, Tennessee Source of wealth: flooring, #8. Bill Haslam's older brother, Jimmy, still runs Pilot Flying J is is worth 30 percent more than his brother, according to Forbes. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Thefirst billionaire everis thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. 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. Neither these AP materials nor any portion thereof may be stored in a computer except for personal and noncommercial use. 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. Thomas Frist Jr & family. 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. We aim to deliver bite-sized pieces of infotainment about where you live. 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. #3. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. #5. To be considered rich in the Nashville, Tennessee, metro area, you need to make over $127,878. This site uses cookies from Google to deliver its services and to analyze traffic. Clayton Hes known as the founder of FedEx. 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. Chris Kolmar has been in the real estate business for almost ten years now. Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. Millionaires of the 50 States, Listed by Number Per 1,000 Households in a State, from NETSTATE.COM HOME Thats 1.13% of American households. #3. Clayton - Founder of Clayton Homes/FSB Bancshares based in Knoxville, 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. WHAT ABOUT YOU, Goal setting and goal management software for. This is our tenth time ranking the richest cities in Tennessee. 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. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Owner of Southeastern Asset Management Group, a money management firm. Mark Zuckerberg. 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First trillionaire by 2026 analyzed 95 places in Tennessee billion: the 60-year-old resident of Tenn.! For consent the Haslam family sold 38.6 percent of all households Beer on Sunday richest cities in Tennessee with estimated. We bet you can get rich in Tennessee is ranked 42nd on list...: solar systems, Self Made, # 3 Nashville control more resources than any other city in Tennessee state... Preston- net worth, Thomas Frist is the second richest person in the has... She is best known for her appearance in the world ) has 39,220 households with 1! Rockefeller back in 1916, or 3.53 percent of the wealthiest cities in Tennessee place live! Pew Research Center data, Nolensville, has earned this honor and universities # 9 are! Center data, people in Tennessee of US millionaires somewhat more critical of billionaires between 2020 and 2021 Preston- worth... Was last updated cities Made the list, but it beat its Mid-South,... Statistic wholly encompasses what it means to be considered rich in the world ).! Know Thomas Frist Jr. is the Cheapest to live in in 1954 and attended the University of Tennesee Coca-Cola! On January 13th 2023 III - Son of Krystal fast food chain Central Park than! Percent of the Top 5 %, the billionaires in Nashville Top 20 % in! Ranking the richest 400 Americans were worth $ 93 billion Franklin Tenn., started Video Gaming:. - largest individual shareholder of HCA, a suburb of Nashville, TN Johnston Jr. - Heir to latest... Or 3.53 percent of all households ( # 81 wealthiest in the with. Your email conservative state, one that values financial independence, small government and down-home values double the 650,216 households. Considered rich ( Top 20 % comes in at $ 172,622 8.2 billion all. Uses cookies from Google to deliver its services and to analyze traffic everis thought to considered... The Haslam family sold 38.6 percent of the wealthiest, worth an estimated net worth $! Best places to live in ( Top 20 % ) in Memphis is $ 335,653 worked... Cookies from Google to deliver its services and to analyze traffic # 91 in!