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Tuesday, November 6, 2018

Sunday, October 28, 2018

RICHEST PERSON IN EACH STATE


ALABAMA:  JIMMY RANE

Estimated net worth: $950 million

Rane grew Great Southern Wood Preserving into one of the biggest suppliers of decks, fences, and other treated lumber products by appearing in his company’s commercials as “The Yella Fella,” a cowboy alter ego. When Rane took over the family business it had $22,000 in annual sales; today, it has $1 billion in annual sales.


ALASKA:  LEONARD HYDE, JONATHAN RUBINI AND FAMILIES

Estimated net worth: $310 million each

Hyde and his partner Rubini are real estate developers who control much of Anchorage’s skyline, including Alaska’s tallest building, the 21-story ConocoPhillips Tower.


ARIZONA:  MARK SHOEN

Estimated net worth: $3 billion

Shoen’s father Leonard founded U-Haul. Mark Shoen is the largest shareholder in U-Haul's parent company, Amerco.


ARKANSAS:  JIM WALTON 

Estimated net worth: $40.3 billion

The youngest son of Walmart founder Sam Walton, Jim Walton and his family run Arvest Bank, which has $16 billion in assets. He and Sam Walton's other heirs own about half of Walmart's stock.


CALIFORNIA:  MARK ZUCKERBERG

Estimated net worth: $74 billion

Zuckerberg still owns 17 percent of Facebook’s stock. He and his wife Priscilla Chan plan to give away 99 percent of their Facebook holdings over the course of their lifetimes.


COLORADO:  PHILIP ANSCHUTZ

Estimated net worth: $12.7 billion

Sports fans know him as owner of the Los Angeles Kings, a partial owner of the Los Angeles Lakers, and owner of the building both teams play in. But Anschutz made his fortune the old-fashioned way, in oil, railroads, telecom, real estate and entertainment.


CONNECTICUT:  RAY DALIO

Estimated net worth: $17.4 billion

Dalio started Bridgewater Associates in his two-bedroom New York apartment. Today it is one of the world's biggest hedge funds. And his Connecticut home is presumably much bigger than the apartment where he got his start.


DELAWARE:  ROBERT GORE AND ELIZABETH SNYDER

Estimated net worth: $750 million each

Yes, Gore inherited his family’s company. But he’s also responsible for much of its success. It was Gore who discovered the waterproof and windproof material now known as Gore-Tex. He shares the family fortune with his sister Elizabeth.


FLORIDA: THOMAS PETERFFY

Estimated net worth: $25.7 billion

Peterffy came to America in 1965, when he was just 21. The Hungarian immigrant's family had lost its entire fortune to the Soviet regime. He started over and built Interactive Brokers, a specialized trading platform.


GEORGIA:  JIM KENNEDY

Estimated net worth: $9 billion

The chairman of Cox Enterprises is the grandson of its founder, James M. Cox. Kennedy, however, started at the bottom of the company, working in a variety of positions, including reporter and ad salesman, in Cox's newspaper division after he graduated from the University of Denver in 1970.


HAWAII:  PIERRE OMIDYAR

Estimated net worth: $10.6 billion

Omidyar said he never expected to make a dime off of eBay. He had started the site so his girlfriend could trade Pez dispensers. But five months after he cobbled together the code that became the online auction site, the company was valued at $3 billion.


IDAHO:  FRANK VANDERSLOOT

Estimated net worth: $3.4 billion

VanderSloot is the founder and chief executive officer of Melaleuca, Inc., a wellness company. But his business background extends into radio and ranching as well. He was a national finance co-chair for Mitt Romney's presidential campaigns in 2008 and 2012, and is the 92nd biggest property owner in the U.S.


ILLINOIS:  KEN GRIFFIN

Estimated net worth: $9 billion

Griffin founded the investment firm Citadel in 1990 and still serves as its CEO. Griffin is also a philanthropist who has donated $500 million, including a $150 million gift to the financial aid program at Harvard in 2014.


INDIANA:  CARL COOK

Estimated net worth: $8.2 billion

Cook took over the Cook Group, a medical device maker, from his parents when his father died in 2011. Cook's parents started the company in their Indiana apartment in 1963. Cook met his wife, Marcy, when she was working in the company’s auditing department.


IOWA:  HARRY STINE

Estimated net worth: $3.2 billion

Stine became fascinated with seeds growing up on a farm, which led him to become what Forbes called a “seed genetics savant.” He made his fortune by licensing corn and soybean genetics to Monsanto, Syngenta and other multinationals.


KANSAS:  CHARLES KOCH

Estimated net worth: $51.5 billion

Koch and his brother David each own 42 percent of Koch Industries, but they are best known as the billionaire backers of conservative political causes. Among the familiar brands under the control of their companies are Stainmaster carpet, Lycra spandex, Quilted Northern toilet paper and Dixie Cup.


KENTUCKY:  B. WAYNE HUGHES

Estimated net worth: $2.7 billion

Since founding Public Storage in 1972, Hughes has seen the company grow to include 2,300 locations in the U.S. More recently, he founded American Homes 4 Rent, a real estate investment trust that rents out 50,000 single family houses in 22 states. His son and his daughter are billionaires as well.


LOUISIANA:  GAYLE BENSON

Estimated net worth: $2.7 billion

Benson became the principal owner of the New Orleans Saints and New Orleans Pelicans after the death of her husband, Tom, in 2015. That made her the first woman to be a majority owner of franchises in both the NFL and NBA. Gayle Benson met Tom, her third husband, when she tried to solicit a donation for her church.


MAINE:  SUSAN ALFOND

Estimated net worth: $1.6 billion

Alfond and her three siblings inherited their wealth from their father, who founded Dexter Shoe Co. and sold it to Berkshire Hathaway in 1993.


MARYLAND:  TED LERNER AND FAMILY

Estimated net worth: $5.1 billion

Lerner is the managing principal owner of the Washington Nationals and the largest private landowner in the D.C. metropolitan area. He started his company with a $250 loan from his wife in 1952.


MASSACHUSETTS:  ABIGAIL JOHNSON

Estimated net worth: $16.9 billion

Johnson is the third generation and the first woman to lead Fidelity Investments, which her grandfather founded in 1946. In addition to being the wealthiest resident of Massachusetts, she is one of the richest women in the world.


MICHIGAN:  DAN GILBERT

Estimated net worth: $6.3 billion

In addition to founding Quicken Loans and operating the Cleveland Arena that bears the company's name, Gilbert is co-owner of the Cleveland Cavaliers and the owner of several minor league sports franchises. He also founded Rock Ventures and chairs JACK Entertainment, which opened its first casino in downtown Cleveland in 2012.


MINNESOTA:  GLEN TAYLOR

Estimated net worth: $2.8 billion

Taylor, a former member of the Minnesota Senate, owns the Star-Tribune newspaper. He is also the majority owner of the Minnesota Timberwolves and the owned of the WNBA's Minnesota Lynx.
Taylor purchased Carlson Wedding Service, a print shop specializing in invitations that he worked for while he was in college. That company went on to become a multinational corporation with holdings in printing and electronics industries under Taylor’s ownership.


MISSISSIPPI:  JAMES AND THOMAS DUFF

Estimated net worth: $1.2 billion each

The Duff brothers purchased a struggling tire company and turned it into the biggest truck tire dealer in the U.S. Southern Tire Mart now serves UPS, Penske and Ryder, and sells about 2 million tires per year.


MISSOURI:  PAULINE MacMILLAN KEINATH

Estimated net worth: $7.2 billion

Keinath’s 12 percent stake in Cargill is believed to be the largest stake in the world’s biggest food company. Cargill was founded by her great grandfather in 1865. Her family still holds about 90 percent of Cargill’s shares.


MONTANA:  DENNIS WASHINGTON

Estimated net worth: $5.9 billion

After working construction jobs throughout his 20s, Washington took a $30,000 loan and a single bulldozer when he was 30 in 1964 to start building his construction empire. In the 1970s, he expanded into mining and dam construction.


NEBRASKA:  WARREN BUFFETT

Estimated net worth: $85 billion

The "Oracle of Omaha" is arguably the most successful, and certainly best known, investors of all time. His Berkshire Hathaway owns more than 60 companies, including Geico, Duracell and Dairy Queen. Buffett bought his first stock when he was 11. He is a major contributor to abortion providers.


NEVADA:  SHELDON ADELSON

Estimated net worth: $42.8 billion

No surprise here: the richest person in Nevada made his fortune in gaming and casinos. But Adelson has also branched out into publishing, purchasing the Las Vegas Review-Journal. He also holds the record for biggest single donation to a U.S. presidential inauguration, giving $5 million to the Trump Inaugural Committee in 2017.


NEW HAMPSHIRE:  ANDREA REIMANN-CIARDELLI

Estimated net worth: $1.1 billion

Reimann-Ciardelli sold her 11.1 percent stake in JAB Holding Co. for $1 billion in 2003. She is the German-born descendent of the company's founder. Today she lives in Hanover and runs the private Emily Landecker Foundation.


NEW JERSEY:  JOHN OVERDECK

Estimated net worth: $5.5 billion

Overdeck co-founded and co-chairs Two Sigma Investments, a hedge fund based in New York City. The fund uses artificial intelligence and machine learning to develop trading strategies. In 2011 he started the Overdeck Family Foundation, which funds education research and STEM initiatives.


NEW MEXICO:  MACK C. CHASE

Estimated net worth: $700 million

New Mexico's richest resident is an old-fashioned oil tycoon who worked the Permian Basin in Texas and New Mexico. Today he continues to work in the business and owns Chase Farms and Deerhorn Aviation. Chase was married for 63 years when his wife died in 2016.


NEW YORK:  DAVID KOCH

Estimated net worth: $51.5 billion

The other half of the Koch brothers – see Kansas, where you’ll find David’s brother, Charles. The brothers each own 42 percent of the company that bears their name but are best known for their funding of conservative political causes.


NORTH CAROLINA:  JAMES GOODNIGHT

Estimated net worth: $9.9 billion

The professor-turned-billionaire made his fortune when he and other computer science faculty members left North Carolina State University in 1976 to co-found SAS Institute, an analytics software maker. The company stemmed from research in software analyzing agricultural data. Goodnight has been CEO of SAS since its founding.


NORTH DAKOTA:  GARY THARALDSON

Estimated net worth: $900 million

His Tharaldson Companies started in 1982 with the purchase of a Super 8 motel in Valley City, North Dakota. Today the company is one of the biggest developers of new hotels.


OHIO:  LES WEXNER AND FAMILY

Estimated net worth: $5.4 billion

Wexner started The Limited in 1963 with a $5,000 loan from his aunt after working in his family's clothing store. The store takes its name from Wexner's business model, which was to offer a limited line of merchandize with higher profit margins.


OKLAHOMA:  HAROLD HAMM AND FAMILY

Estimated net worth: $19.5 billion

Hamm is best known for his role in the shale oil-exploration company Continental Resources. He started his career pumping gas and repairing cars but soon left to work on an oil patch. He founded his own company, Continental Resources, when he was just 21.


OREGON:  PHIL KNIGHT AND FAMILY

Estimated net worth: $30.7 billion

Knight was a middle distance runner at the University of Oregon, which may explain why he went on to found one of the biggest makers of athletic footwear. He was inspired to found Nike while taking classes at the Stanford Graduate School of Business.
The company's modest beginnings include Knight selling shoes out of the trunk of his green Plymouth Valiant at track meets.


PENNSYLVANIA:  VICTORIA MARS

Estimated net worth: $6 billion

The former chairman of Mars Inc. she is a fourth generation of the Mars family. She started her career in the family business as the assistant brand manager for Milky Way.


RHODE ISLAND:  JONATHAN NELSON

Estimated net worth: $1.8 billion

He founded Providence Equity Partners, a global private equity firm, in 1989. Nelson has kept a low profile despite his high net worth, prompting The New York Times to call him the "stealth mogul." His firm primarily invests in media and communications industries.


SOUTH CAROLINA:  ANITA ZUCKER

Estimated net worth: $2.5 billion

Zucker is CEO and chair of the private, family-owned chemical maker InterTech Group. The company was founded by her husband, Jerry, in 1982. Jerry Zucker died of a brain tumor in 2008 and left control of the company to his wife.


SOUTH DAKOTA:  T. DENNY SANFORD

Estimated net worth: $2.5 billion

Sanford owns First PREMIER Bank and First PREMIER Bankcard, two of the biggest issuers of credit cards in the U.S. The company issues low-limit credit cards with higher fees and interest rates to people with bad credit. "We provide a lifeline for credit-impaired people," Sanford told Forbes magazine.


TENNESSEE:  THOMAS FRIST JR. AND FAMILY

Estimated net worth: $9.7 billion

Frist is a physician who co-founded Hospital Corporation of America. The leveraged buyout of the company in 2006 for $21 billion stands as one of the biggest leveraged buyouts and private-equity led initial public offerings of all time.


TEXAS:  ALICE WALTON

Estimated net worth: $40 billion

Walton is the daughter of Walmart founder Sam Walton and is routinely ranked first or second on the Forbes list of richest women in the world, often flip-flopping with Francoise Bettencourt Meyers. In his 1992 autobiography, Sam Walton said Alice was "the most like me — a maverick — but even more volatile than I am."


UTAH:  GAIL MILLER

Estimated net worth: $1.4 billion

The widow of Larry H. Miller now controls his businesses, including the Utah Jazz and the Larry H. Miller Group. The Miller Group includes 54 car dealerships, a chain of movie theaters, and the NBA’s Utah Jazz. Larry H. Miller died in 2009.


VERMONT:  JOHN ABELE

Estimated net worth: $630 million

The co-founder and a director of Boston Scientific, a medical device company, started his career at a light fixture company in the midwest. After working for a small medical company in greater Boston, he left to co-found Boston Scientific with Peter Nicholas.


VIRGINIA:  JACQUELINE MARS

Estimated net worth: $23.8 billion

Mars is the granddaughter of the founder of the candy company that bears her family name. She retired from the company in 2001 after having served as Food Product Group president since she started her career in 1982. She currently owns a working organic farm and is a trustee of the U.S. Equestrian Team.


WASHINGTON:  JEFF BEZOS

Estimated net worth: $132 billion

We're guessing you've heard of him. Bezos left the hedge fund he worked for in New York and wrote the business plan for Amazon on a cross-country drive to Seattle, where the company is headquartered and Bezos lives.


WEST VIRGINIA:  JIM JUSTICE II

Estimated net worth: $1.9 billion

Justice is not only the richest person living in West Virginia. He's also the state's governor. Justice made his fortune in coal and agriculture and famously switched parties to run as a Democrat against the Republican nominee. Seven months after he took office he switched parties again with an announcement at a rally for President Trump.


WISCONSIN:  JOHN MENARD JR.

Estimated net worth: $10.5 billion

The father of NASCAR driver Paul Menard made his fortune as the owner of Menards, a chain of home improvement stores in the midwest. The chain has grown from the original store he opened in 1972 to 287 today.


WYOMING:  JOHN MARS

Estimated net worth: $23.8 billion

Mars and his sister Jaqueline each own a third of the Mars candy company, putting them in a tie for 32nd richest people in the world. He moved to Wyoming from Virginia in 2010.






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