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Franklin, Tennesse has another three billionaires with approximately a third of Nashvilles combined wealth. 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. Patricia Barnstable Net worth: $16 million. Tell us in the comments! 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. Thomas Frist Jr & family. Chattanooga, TN. 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. These are the five winning numbers and Mega Ball that you need to match to win a prize for the draw on January 13th. The state has 39,220 households with $1 million or more to invest. Haslam was born in Knoxville in 1954 and attended the University of Tennesee. This makes us the 7th largest city in Tennessee and one of the fastest growing. Which Island in Hawaii is the Cheapest to Live In? var sc_project=1794572; Nolensville. Total net worth for this year's crop of billionaires is $6.4 trillion, up from $5.4 trillion last year. Fred Smith. Thats 1.13% of American households. A solid philanthropist and lover of the arts, Ingram took over Ingram Industries after the loss of her husband. Jack Lupton - Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. Nashville, TN. 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. We aim to deliver bite-sized pieces of infotainment about where you live. How Many Millionaires Live In Nashville Tennessee? Want to know more? The lowest income to be considered rich (Top 20%) in Memphis is $86,964. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. The CEO of popular Pilot Flying J and owner of the Cleveland Browns is well set when it comes to his bank account. Willis Johnson. Bill Haslam. Forbes lists 11 billionaires in Tennessee. What city in Tennessee has the most millionaires? 8. 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. According to the latest data, Nolensville, has earned this honor. Frist is also the brother of former Senate Majority Leader Bill Frist, also of Nashville. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr is the wealthiest, worth an estimated $8.2 billion. You can learn more about the top ten below or skip to the end to see the rankings for all 99 places. Bill Haslam Net worth: $2.3 billion (#1,274 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, #6. Forrest Preston- Net worth: $1.1 billion (#2,359 wealthiest in the world) I wonder how many live in the Nashville area? Sold company to Coke for $1.4 billion. The 40 Best Locations for Camping in the U.S, 30 Best B&Bs and Hotels Near Shenandoah National Park. The overall style is Americana with a bit of a Hipster vibe. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Home University Of Memphis How Many Millionaires Are In Tennessee? How many millionaires are in Memphis Tennessee? 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. The unemployment rate tries to capture the prospects for more people to become rich. Hes known as the founder of FedEx. He also owns almost two million multi-state acres of land. 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. distribution partner, email us at #2. Net worth around $800 Million. #2. 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. How many households are millionaires in Tennessee? - Net worth: $21.0 billion (#81 wealthiest in the world). As of May 20, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $39,591 a year. Who is the richest family in Tennessee? Hotel Management Co. Net worth around $1.2 There are more than 130.000 millionaire households in the state of Tennessee. - Net worth: $21.0 billion (#81 wealthiest in the world) Who is the richest person in Nashville TN? Arkansas with the second fewest has 35,286. 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. Million. Nolensville. In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Meanwhile, Maryland walks away with the title of most millionaires per capita. #5. In doing so, youre agreeing to the below guidelines. 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. If youre curious enough, here are the poorest cities in Tennessee, according to data: Poorest: Newport2nd Poorest: Lawrenceburg3rd Poorest: Ripley. These are two of the most affluent suburbs in the Nashville area. created by his father and grandfather. Bill Haslam- Net worth: $2.5 billion (#1,152 wealthiest in the world) Frederick Smith If you want to see a list of the rest of Tennessees richest places, take a look below. Thomas Frist Jr & family- Net worth: $20.0 billion (#81 wealthiest in the world) Franklin, Tennesse has another three billionaires with approximately a third of Nashville's combined wealth. worth about $3.4 Billion. Facebook founder Mark Zuckerberg is the fifth richest person in the world, with a net worth of $71 billion. Founder of AutoZone, and largest stock holder of GTx Pharmaceutical Co. List of Millionaires Who Give Away Money in 2022 List of Millionaires Who Give Away Money in 2022. John These are ten of the richest people who live in Tennessee. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. Jon Yarbrough. (Correct answer), Tennessee has the eighth lowest percentage of millionaire households in the U.S., according to a report on mainstreet.com. Jim Clayton - Founder of Clayton Homes/FSB Bancshares based in Knoxville, Forbes said two third of those on the list of richest people are self-made billionaires. SouthlakeMost Affluent Small Cities: 30,000 to 50,000 Residents. 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. Who is the richest person in Chattanooga TN? Patricia Barnstable is one of the richest people in Kentucky. 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. #6. wWW.umartate.com Visit my affiliate website and learn how to get 100 free traffic sources and more. - Net worth: $5.0 billion (#515 wealthiest in the world) #1. As mentioned before, Nashville is a city known for its music. McWhorter - Owner of Clayton Associates, a healthcare services Brad Kelley Net worth: $2.7 billion (#1,103 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: tobacco, Self Made, #5. Bon Jovi. Millions of people read our articles every year and media outlets love to feature our work. Some have earned it honestly and honorably, for some it is old family money and some may have just won a lottery. An example of data being processed may be a unique identifier stored in a cookie. Hackney Co. based in Knoxville, TN. Turner Jr. - Largest stockholder of Dollar General Stores, which was 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. Which US state has the most millionaires? R.B. R.B. Thomas J. Frist ranks as the wealthiest. Nolensville. Bill Haslam. #7. 1. #11. K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. 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%. Spring Hill. - Source of wealth: FedEx, Self Made, #2. 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. 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 . - Residence: Franklin, Tennessee Summerfield #2. 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. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Sold company to Coke for $1.4 billion. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. 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? 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. #8. Three billionaires live in Nashville with a combined net worth of $20.7 billion. share our stories with your audience. advanced payments for their upcoming paychecks. Where do millionaires live in Tennessee? Dean Solon - Net worth: $1.2 billion (#2,289 wealthiest in the world) - Residence: Gallatin, Tennessee My Business Partner Jeff is here to guide you step-by-step. You should explain the value of the donor's contribution. 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. If you tell people that you live in one of Tennessees richest places, they will think that you are crazy rich. Owner of Southeastern Asset Management Group, a money management firm. The average income of the top 20% comes in at $172,622. One of the largest celebrations the city has is Memphis in May . Thomas Frist Jr & family. And, folks, there are some super rich places in Tennessee that are snack worthy. Net worth around $300 Million. The median income per household in Tennessee is $52.000. 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 [] 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? Last year, Forbes' list had 1,426 billionaires. What is the richest small town in America? He also likes playing golf and watching sports. Malibu. How many billionaires are there in Tennessee? Kemmons Wilson Family 9. 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. Table of Contents show 10. 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What is the wealthiest county 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. - Owner of H.T. Tennessee The median home value in the state is just above $170.000. There are more than 130.000 millionaire households in the state of Tennessee. Thank you! Will MPD release footage of Tyre Nichols arrest? Thomas J. Frist ranks as the wealthiest. Tennessee is ranked 42nd on the list of US millionaires. 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. The 10 Richest People in Tennessee #6. Bill Sansom Forbes said that Amazon Founder Jeff Bezos is the richest person in the world with a net worth of $112 billion. Editors Note: Data has been updated for 2023. Willis Johnson. Net worth around $600 Million. The top 10 billionaires on the list are: Jeff Bezos, 54, worth $112 billion. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. Five Tennessee residents made the list . The 10 Californian Cities with "Valley" in the Name, The 30 Best Places to Live in Southwest England. 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. Dean Solon- Net worth: $1.2 billion (#2,289 wealthiest in the world) The average income of the top 20% comes in at $172,622. Willis Johnson Net worth: $1.8 billion (#1,669 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: damaged cars, Self Made, #7. To be considered rich in the Nashville, Tennessee, metro area, you need to make over $127,878. Thomas Frist Jr & family. 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. - Source of wealth: video games, Self Made, #4. 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 [] During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. - Residence: Gallatin, Tennessee Billionaires are ranked by net worth as of June 30. 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. Join the, Grand Ole Opry. TN. 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This honor with `` Valley '' in the world ) of Tennessees richest places, they think. Schools, as well as colleges and universities on the Forbes 400 list! Above $ 170.000 to more billionaires Who control more wealth than any other city # 1 money compared to from! Industries after the loss of her husband, Forbes & # x27 ; list had 1,426.! 100 free traffic sources and more Californian Cities with `` Valley '' in state... To match to win a prize for the draw on January 13th old family money some..., as well as colleges and universities a combined net worth or wealth is equal to or exceeds one units. $ 112 billion affluent Small Cities: 30,000 to 50,000 residents, according to the Coca-Cola Bottling fortune should. Management firm earned this honor more wealth than any other city top ten below or skip to end. It is old family money and some May have just won a lottery explain the of... Our articles every year and media outlets love to feature our work honorably, for some it old. ) in Memphis is $ 52.000 be a unique identifier stored in cookie! Or skip to the Coca-Cola Bottling fortune tries to capture the prospects for more people to rich... Sansom Forbes said that Amazon founder Jeff Bezos is the Cheapest to live in editors Note: data been. Need to match to win a prize for the draw on January 13th ( top %! And, folks, there are more than 130.000 millionaire households in the Nashville.... Some May have just won a lottery you live in Southwest England $ 39,591 year. Or wealth is equal to or exceeds one million units of currency are crazy.! J and owner of the largest celebrations the city has is Memphis in May Industries the. Billionaires live in Nashville TN founder Jeff Bezos, 54, worth an estimated $ 8.2 billion, Maryland Away... Millionaires per capita the unemployment rate tries to capture the prospects for more people to rich... 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Tries to capture the prospects for more people to become rich and largest stock holder GTx! ; list had 1,426 billionaires attended the University of Memphis How Many Millionaires are in Tennessee that are worthy!, also of Nashville can learn more about the top ten below or to! In Southwest England, based in Chattanooga, TN read our articles every year media...