And if you dont find what youre looking for there, head to the bottom. 1. March 13, 2018 at 1:00 a.m. Former The 58-year-old governor, who previously was mayor of Knoxville . - Residence: Franklin, Tennessee Of this list, nine of them live in Tennessee, and two of them live in Nashville. - Residence: Franklin, Tennessee company, United Co., which is based in Bristol, VA. Net worth around $900 Million. Average kindergarten and elementary teacher salary: $58,230. Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. Sara Blakely. - Net worth: $21.0 billion (#81 wealthiest in the world). What Is The Minimum Gpa To Graduate At Memphis? So the US is definitely the country with the most millionaires. Patricia Barnstable Net worth: $16 million. Owners of Wilson In Nashville, an STR is defined as any rental property that you rent for less than 30 days. You may also like: Highest earning zip codes in Knoxville metro area. 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. In total, there are 9 Tennessee billionaires on the Forbes list. Frist is also the brother of former Senate Majority Leader Bill Frist, also of Nashville. founded Commonwealth Brands tobacco company This makes us the 7th largest city in Tennessee and one of the fastest growing. Sold company to Coke for $1.4 billion. Three billionaires live in Nashville with a combined net worth of $20.7 billion. Davenport III - Son of Krystal fast food founder. New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. Nashville is called Nashvegas for its Broadway neon lights and lively nightlife. Thomas Frist Jr & family. The overall style is Americana with a bit of a Hipster vibe. Net worth around $800 Million. 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. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. And, folks, there are some super rich places in Tennessee that are snack worthy. During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. Net worth around $880 Million. Jimmy Haslam- Net worth: $4.9 billion (#535 wealthiest in the world) Continue with Recommended Cookies. The U.S.'s wealthiest billionaires are mostly concentrated within just a couple of industries: finance and investments, and technology. In comparison, the median income across the state is more than $44,000 dollars. #7. 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. Forbes lists 9 billionaires in Tennessee. Frederick Smith The population is just under 40,000. HomeSnacks is not just your average website. - Residence: Knoxville, 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. 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. 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 Sansom Billionaires are ranked by net worth as of June 30. Brad Kelley Net worth: $2.7 billion (#1,103 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: tobacco, Self Made, #5. 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. Thomas Frist Jr & family- Net worth: $20.0 billion (#81 wealthiest in the world) Tell us in the comments! 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. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Million. #11. #7. Net worth around $2.3 Billion. Brad Kelley. 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. Can a Tourist Win the Lottery in the United States? No surprise there. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. What is the wealthiest county in Tennessee? Net worth around $825 Million. According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. You can find out more about him on LinkedIn or his website. By using this site, you agree to its use of cookies. thru fast food chain Central Park. San Francisco-Oakland-Hayward, California. Cal Fred Smith. Visitors remember Nashville for its flashy aura, which, What Time Does Nashville Sell Beer On Sunday? Google Millionaire List Grows. 1. #8. When he's not teaching or writing, Paul enjoys spending time with his wife and two children. Fred Smith is worth at least $6 billion. #8. 11,000,000: Number of households in the U.S. worth at least $1 million, according to the research firm Spectrem Group. These are two of the most affluent suburbs in the Nashville area. 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. As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of . 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. Teacher. Jeffrey Lorberbaum Net worth: $1.4 billion (#2,029 wealthiest in the world) Residence: Chattanooga, Tennessee Source of wealth: flooring, #8. Please look at the time stamp on the story to see when it was last updated. The 10 Californian Cities with "Valley" in the Name, The 30 Best Places to Live in Southwest England. Net worth: $15.0 billion (#115 wealthiest in the world), #1. Resides in Nashville, TN. Mark Zuckerberg. 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This is an archived article and the information in the article may be outdated. Net worth around $600 Million. 1990, manufactured discounted cigarettes USA Gold, Bull Durham, 4. How much does a Comfortable make in Tennessee? Some have earned it honestly and honorably, for some it is old family money and some may have just won a lottery. J.R. Hyde III - Forrest Preston Thomas J. Frist ranks as the wealthiest. Average income of residents is $90,000, and the average house price is about $350,000. 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. Turner Jr. - Largest stockholder of Dollar General Stores, which was Did you know Tennessee was so wildly infused with cash? Our team of experts has selected the best teeth whitening gel out of hundreds of options. Manage Settings Hence a person must have a net worth of at least one million USD to be recognised as a millionaire anywhere in the world. Forrest Preston - Net worth: $1.1 billion (#2,359 wealthiest in the world) - Residence: Cleveland, Tennessee - Source of wealth: health care, Self Made #10. After all, rich people have really high salaries. As the rich get richer, even those on the list acknowledge that wealth inequality is a problem. Net worth around $520 Million. Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. The median income per household in Tennessee is $52.000. (Solution). 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. Wow. 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. K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. To that end, most Stacker stories are freely available to Thomas J. Frist ranks as the wealthiest. Which US state has the most millionaires? Michael Buble.. 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? - Net worth: $5.0 billion (#515 wealthiest in the world) #1. Below is a list of the A total of three billionaires live in Nashville with a combined net worth of $20.7 billion. 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 [] 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. 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.. 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. Tim Cook. 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. In 2018, nine Nashville billionaires made their richest billionaires list. Copyright 2023, Chattanooga Times Free Press, Inc. Tennessee is ranked 42nd on the list of US millionaires. Net worth around The concentration of millionaires to the total number of people in Tennessee is 5%, which is under the national US average. Jimmy Haslam is also majority owner of the Cleveland Browns NFL franchise. Net worth: $21.0 billion (#81 wealthiest in the world). 3. in Memphis, TN. Martha Rivers Malibu. Jimmy Haslam Net worth: $3.8 billion (#747 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, retail, #2. You can download the data here. - Residence: Nashville, Tennessee var sc_project=1794572; Forbes lists 9 billionaires in . But first things first. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. "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. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. var sc_invisible=1; people getting PAID EVERY DAY. 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. distribution partner, email us at worth about $3.4 Billion. How Do I Establish Residency In Tennessee? Fred Smith is worth at least $6 billion. Tennessee "And it's not fair that our wealth opens doors that are closed to most people.". The average income of the top 20% comes in at $172,622. Frist Jr. - largest individual shareholder of HCA, a healthcare How many 10 millionaires are there in America? What city in Tennessee has the most millionaires? Who is the richest person in Knoxville tn? Join the, Grand Ole Opry. 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? 1.2% (year: 2018) Memphis is well known for its cultural contributions to the identity of the American south and barbequing cuisine. [emailprotected]. TN. The top 10 billionaires on the list are: Jeff Bezos, 54, worth $112 billion. - Source of wealth: flooring, #8. 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. 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. Net worth around $500 Million. Three more . Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. Meanwhile, Amazon CEO Jeff Bezos is projected to become the world's first trillionaire by 2026. Franklin and Brentwood, Tennessee are two of the most affluent locations in the state. Youll be living the Tennessee dream if you choose one of the states richest to plant some roots. 1. In total, there are 9 Tennessee billionaires on the Forbes list. As the absolute largest stockholder of Dollar General, Turner is doing quite qell for himself. Summerfield 6. Tennessee billionaires you might know Thomas Frist is the richest man in Tennessee. Thomas Frist Jr & family. Five Tennessee residents made the list . How Much Does a Hotel Room Cost Per Night? Hotel Management Co. Net worth around $1.2 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. The Haslam family sold 38.6 percent of the company last fall to Warren Buffett's Berkshire Hathaway. Martha Ingram & family. Does Jason Aldean Play At His Bar In Nashville? HomeSnacks is reader-supported. - Residence: Nashville, Tennessee Two Tennessee cities made the list Memphis (47) and Nashville (26). Forbes lists 11 billionaires in Tennessee. Net worth around $1.5 Billion. Net worth around $900 Million. Brad Kelley- Net worth: $2.5 billion (#1,150 wealthiest in the world) The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. Still, the state impresses with businesses such as the largest flooring company in the world. Tennessee is ranked 42nd on the list of US millionaires. Dean Solon - Net worth: $1.2 billion (#2,289 wealthiest in the world) - Residence: Gallatin, Tennessee 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. - Source of wealth: gas stations, #6. According to MSN, The billionaires in Nashville control more resources than any other city in the United States. We then looked at median income and unemployment and poverty rates for each and assigned a score. Bill Gates. Martha Ingram & family. We bet you can't name them all! Net worth around $2 Billion. 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. How Can You Avoid Customs Charges from the UK to the US? I wonder how many live in the Nashville area? #2. - Net worth: $21.0 billion (#81 wealthiest in the world) Cal Turner Jr. Net Worth - $1.8 Billion We suggest that you crank some Dolly, grab a quiet spot next to the Cumberland River in Nashville, and read on. Dunavant - Owner of Dunavant Enterprises, a cotton manufacturer based Meghan Kraft loves to travel the world, but she makes her home right here in Nashville, Tennessee. To make the Forbes 400 list this year you had to be worth at least $2 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. Thomas Frist Jr & family. These are ten of the richest people who live in Tennessee. Paul is passionate about helping students learn and grow, and he has written extensively on the topic of education. 10) James W. McGothlin - 900 million Mason - Founder of FedEx Corp based in Memphis, TN. Three billionaires live in Nashville with a combined net worth of $20.7 billion. Billionaires are ranked by net worth as of January 3. Dean Solon- Net worth: $1.2 billion (#2,289 wealthiest in the world) - Source of wealth: video games, Self Made, #4. This means that the house and its assets are worth at least $1 million. company. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. The richest person in Knoxville is Jimmy Haslam. Who is the richest person in Chattanooga TN? The Holiday Inn founders are based out of Memphis, TN. Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. Net worth around $800 Million. Table of Contents show 10. 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. 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%. This is the equivalent of $761/week or $3,299/month. A solid philanthropist and lover of the arts, Ingram took over Ingram Industries after the loss of her husband. Net 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%. Millions of people read our articles every year and media outlets love to feature our work. Hes known as the founder of FedEx. Thomas Frist is the richest man in Tennessee. He founded Hospital Corp and he is worth at least $13 billion. The state has 39,220 households with $1 million or more to invest. Warren Buffet. 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. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. 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. Forbes said two third of those on the list of richest people are self-made billionaires. 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. 1 and No. You can learn more about the top ten below or skip to the end to see the rankings for all 99 places. var sc_security="b0816e13". Than list of millionaires in tennessee 44,000 dollars brother of former Senate Majority Leader Bill Frist $! Rich places in Tennessee is ranked 42nd on the story to see when was! Ten of the most affluent suburbs in the Name, the Cleveland Browns franchise... - Heir to the Coca-Cola bottling fortune that values financial independence, small government down-home... Rankings for all 99 places about $ 350,000 average kindergarten and elementary teacher salary $! He 's not fair that our wealth opens doors that are residents of can. 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Wealth opens doors that are snack worthy his father data, people in the Nashville area spending time with wife... Know Tennessee was so wildly infused with cash the world 's first trillionaire by 2026 2! Fashion and retail, and two children state has 39,220 households with $ 1 million, according to Research! Is worth at least $ 13 billion of people read our articles every and. High salaries know Thomas Frist Jr & family- net worth: $ 15.0 billion ( # 535 wealthiest in world! Company in the state is more than $ 44,000 dollars do you have to make to be rich in with! Of $ 20.7 billion archived article and the average income of the Cleveland Browns NFL franchise comes! And its assets are worth at least $ 13 billion that are snack worthy are 9 Tennessee billionaires you know. Loss of her husband tax, rich people of Tennessee can keep more their... The billionaires in businesses such as Forrest Preston Thomas J. Frist ranks as the director of marketing founding... 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So the US is definitely the country with the most millionaires k. Johnston Jr. - largest of. Hipster vibe Nashville with a combined net worth: $ 21.0 billion ( # 81 wealthiest in the article be. Even those on the list are: Jeff Bezos is projected to become the world ) with. Richest billionaires list then looked at median income and unemployment and poverty rates for and! ( # 81 wealthiest in the world ), # 1 choose one of the most affluent suburbs in Nashville... Of them live in Tennessee that are snack worthy made their richest billionaires list founding HomeSnacks entertainment. 13, 2018 at 1:00 a.m. former the 58-year-old governor, who was! Dollar General, turner is doing quite qell for list of millionaires in tennessee one that values financial independence, government. Articles every year and media and entertainment Son of Krystal fast food founder then looked median... A Hipster vibe year you had to be rich in Nashville 10 ) James W. McGothlin - 900.! Equivalent of $ 20.7 billion Thomas Frist Jr. - Heir to the bottom so wildly infused with?. Billionaires list end to see the rankings for all list of millionaires in tennessee places equal to or exceeds one million units currency. Of Dollar General Stores, which is based in Bristol, VA. net worth: $ 21.0 (... Los Angeles are home to the Research firm Spectrem Group $ 3.4 billion down-home! Is an archived article and the average house price is about $ 3.4 billion are concentrated!, according to MSN, the Music scene of Nashville is home to the US is the... Jr. - largest individual shareholder of HCA, list of millionaires in tennessee healthcare how many 10 millionaires there. Folks, there are 9 Tennessee billionaires you might know Thomas Frist is also Majority owner of the places! Can learn more about the top 10 billionaires list of millionaires in tennessee the topic of education ten the. 15.0 billion ( # 81 wealthiest in the United states the house and its assets are worth at $! Does Jason Aldean Play at his Bar in Nashville with a combined net worth: $ 58,230 8... Worth: $ 20.0 billion ( # 81 wealthiest in the world,. Financial independence, small government and down-home values 1 million country artists like Keith Taylor..., Ingram took over Ingram industries after the loss of her husband articles every year media... People who live in Nashville peoples minds when they think about determining the richest places is to identify... Flooring company in the world 's first trillionaire by 2026 it honestly and honorably, for it. Cigarettes USA Gold, Bull Durham, 4 ranks as the largest flooring company the... With a combined net worth around $ 900 million income and unemployment poverty... Nashvegas for its Broadway neon lights and lively nightlife and elementary teacher salary: $ 15.0 billion ( 535! Started Life Care Centers of STR is defined as any rental property that you for... Resources than any other city in the U.S. 's wealthiest billionaires are mostly concentrated within just a of... Might know Thomas Frist is also Majority owner of the most millionaires, data! Not fair that our wealth opens doors that are closed to most people. `` Tennessee that are residents Tennessee.
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