You should explain the value of the donor's contribution. Thoughts? 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. New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. 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. 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. Net worth around $600 Million. During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. Bridgeport-Stamford-Norwalk, Connecticut. Thefirst billionaire everis thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. Chattanooga, TN. Jimmy Haslam republish under a Creative Commons License, and we encourage you to Who is the richest family in Tennessee? How many millionaires live in Nashville TN? Net worth around $470 As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of . How did we identify Tennessees wealthiest places? 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. What Is Considered A Short Term Rental In Nashville Tn? However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. What Airlines Fly Into Chattanooga Tennessee? Cal Turner Jr. Net Worth - $1.8 Billion Willis Johnson Net worth: $1.8 billion (#1,669 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: damaged cars, Self Made, #7. Nashville, TN. - Net worth: $5.0 billion (#515 wealthiest in the world) #1. Meghan Kraft loves to travel the world, but she makes her home right here in Nashville, Tennessee. Davenport III - Son of Krystal fast food founder. Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. These 5 Evil People From Tennessee Left A Dark Stain On History, 10 Shocking Things You Had No Idea Happened In Tennessee, 12 Reasons The Entire Country Should Be Thankful For Tennessee. All rights reserved. Patricia Barnstable Net worth: $16 million. Jon Yarbrough. What city in Tennessee has the most millionaires? Martha Rivers 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. This is the equivalent of $761/week or $3,299/month. 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%. How many 10 millionaires are there in America? Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr is the wealthiest, worth an estimated $8.2 billion. - Source of wealth: damaged cars, Self Made, #7. 9. Net worth around $880 Million. Is the US the Richest Country in the World? Jim 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 ABOUT YOU, Goal setting and goal management software for. 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. Turner Jr. - Largest stockholder of Dollar General Stores, which was Martha Ingram & family- Net worth: $3.5 billion (#823 wealthiest in the world) https://journeyz.co/wp-content/cache/breeze-minification/js/breeze_d6f2b5374d4034eccf68622444cf0976.js, The 100 Best Places to Travel in the World. Hawkins owns the Southeaster Asset Management Group and just barely scrapes in at our top five - but he's not really scraping by at all, if you ask us. Tennessee - Source of wealth: gas stations, #6. Net worth around $810 She is best known for her appearance in the movie "Operating Room.". Thomas Frist Jr & family- Net worth: $20.0 billion (#81 wealthiest in the world) Fred Smith. The 58-year-old governor, who previously was mayor of Knoxville . Editors Note: Data has been updated for 2023. Bill Haslam's older brother, Jimmy, still runs Pilot Flying J is is worth 30 percent more than his brother, according to Forbes. 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 [] New York was second, with 135 resident billionaires which was a larger jump over third-placed Florida, with 78. GAIN ACCESS TO EVERY LOCAL INSIGHT, LEAD AND MORE! - Source of wealth: video games, Self Made, #4. Meanwhile, Maryland walks away with the title of most millionaires per capita. Does Nashville Have A Street Like Beale Street? Haslam didn't make his fortune in politics, where he is paid $155,000 a year as governor. 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. K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. 2 on the fewest millionaires list. Nashville, Tennessee Incorporated 1806, Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. "And it's not fair that our wealth opens doors that are closed to most people.". How many billionaires are there in Tennessee? What Is The Number One Thing To Do In Nashville? This is an archived article and the information in the article may be outdated. A total of three billionaires live in Nashville with a combined net worth of $20.7 billion. According toPew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. Continue with Recommended Cookies. Forbes lists 9 billionaires in Tennessee. 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. Net worth around $500 Million. Thats 1.13% of American households. This is our tenth time ranking the richest cities in Tennessee. var sc_security="b0816e13". Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. Owns 71% of Kentucky Downs racetrack; also holds minor stake Hackney Co. based in Knoxville, TN. #5. Still, the state impresses with businesses such as the largest flooring company in the world. Net worth around $825 How Do You Experience Music In Nashville? According to MSN, The billionaires in Nashville control more resources than any other city in the United States. The overall style is Americana with a bit of a Hipster vibe. Billion. Kemmons Wilson Family Bill Haslam. As of May 20, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $39,591 a year. The small suburb of Nashville has a population of just 8,390. 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 Tennessee like in other areas they exist. List of Millionaires Who Give Away Money in 2022 List of Millionaires Who Give Away Money in 2022. (Correct answer), Tennessee has the eighth lowest percentage of millionaire households in the U.S., according to a report on mainstreet.com. For the top 5%, the average income is $335,653. wealthiest people in the state of Tennessee: Thomas How many billionaires are there in Tennessee? Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. Just in case you need a simple salary calculator, that works out to be approximately $19.03 an hour. 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. Net worth: $21.0 billion (#81 wealthiest in the world). 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. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. 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. Were proud of our southern stock, no matter the dollar signs, and are proud to be from the ol Rocky Top. thru fast food chain Central Park. Frederick Smith Three more . The median income per household in Tennessee is $52.000. #2. We took a look at the latest Census data from the American Community Survey for 99 Tennessee cities with 5,000 residents. An example of data being processed may be a unique identifier stored in a cookie. The 2017 Census lists the Citys population at 71,374. [emailprotected]. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. company. Franklin, Tennesse has another three billionaires with approximately a third of Nashville's combined wealth. Although Franklin, Tennessee is also home to three billionaires, their combined net worth of $6.9 billion falls short of the combined wealth of billionaires in Nashville. Heck, theres a reason famous Tennesseans like country singer Jason Aldean and hockey star Mike Fisher cant stop talking about their hometowns Spring Hill and Brentwood: these places know how to cater to the states one percent. Join the Memphis Business Journal to unlock even more insights! He founded Hospital Corp and he is worth at least $13 billion. Forbes said two third of those on the list of richest people are self-made billionaires. In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Net worth around $2 Billion. Clayton - Founder of Clayton Homes/FSB Bancshares based in Knoxville, San Francisco-Oakland-Hayward, California. Dean Solon- Net worth: $1.2 billion (#2,289 wealthiest in the world) Who is the richest person in Chattanooga? #8. W. McGlothlin - Tennessee resident and Chief executive of coal Bill Haslam. The 10 Richest People in Tennessee based in Knoxville, TN. #2. There are more than 130.000 millionaire households in the state of Tennessee. What Is There To Do In Memphis For Families? As the rich get richer, even those on the list acknowledge that wealth inequality is a problem. Thomas Frist Jr & family. 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. Take for instance this little gem by Nashvilles Fox 17. And if you dont find what youre looking for there, head to the bottom. To make the Forbes 400 list this year you had to be worth at least $2 billion. #7. Meanwhile, Amazon CEO Jeff Bezos is projected to become theworlds first trillionaireby 2026. He has worked in both public and private schools, as well as colleges and universities. Net worth around $1.5 Billion. This material may not be published, broadcast, rewritten, or redistributed. Net worth around $600 Million. The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. Other points to note are that the 90th percentile (top decile) for household assets is approximately $1.3 million; the 99th percentile (top percentile) is approximately $6.5 million; and the 99.9 percentile (the top one-tenth of one percent) is $27.8 million. Who is the richest person in Nashville TN? The richest person in Knoxville is Jimmy Haslam. Anti-aging serums in particular offer many benefits to aging and mature skin. 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. Forbes lists 9 billionaires in Tennessee. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. To be considered rich in the Nashville, Tennessee, metro area, you need to make over $127,878. 10) James W. McGothlin - 900 million Mason Required fields are marked *, Copyright . Allow them to enjoy. Stacker distribution partners receive a license to all Stacker stories, But first things first. - Residence: Franklin, Tennessee Thomas Frist Jr & family Net worth: $15.0 billion (#115 wealthiest in the world) Residence: Nashville, Tennessee Source of wealth: hospitals, Self Made. He's known as the founder of FedEx. The top 10 billionaires on the list are: Jeff Bezos, 54, worth $112 billion. - Source of wealth: tobacco, Self Made, #5. Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. 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. Warren Buffet. There are more than 130.000 millionaire households in the state of Tennessee. Your email address will not be published. How many households are millionaires in Tennessee? Cal #2. Five Tennessee residents made the list . Forbes lists 9 billionaires in Tennessee. Willis Johnson- Net worth: $1.9 billion (#1,518 wealthiest in the world) But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. 5. We then averaged all the rankings for a place into a Rich Score with the place having the lowest overall Rich Score, Nolensville, crowned the Richest City In Tennessee For 2023. Bill Haslam remained among the richest in Tennessee with an estimated net worth of $2.6 billion, according to Forbes. Former - CEO of Pilot Flying J Truckstops. Will MPD release footage of Tyre Nichols arrest? Thats more than 10% of households in the US. 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 . To make the Forbes 400 list this year you had to be worth at least $2 billion. How Much Does a Hotel Room Cost Per Night? We and our partners use cookies to Store and/or access information on a device. Jimmy Haslam. What is this? How Many Millionaires Live In Nashville Tennessee? The Volunteer State has. founded Commonwealth Brands tobacco company You can find out more about him on LinkedIn or his website. - Residence: Nashville, Tennessee When you click through real estate links on our site, we earn an affiliate commission. The population is just under 40,000. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. 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. Below you can find the numbers from the Mega Millions draw on January 13th 2023. What city in Tennessee has the most millionaires? How Do I Establish Residency In Tennessee? Some have earned it honestly and honorably, for some it is old family money and some may have just won a lottery. Tennessee is ranked 42nd on the list of US millionaires. Fred Smith is worth at least $6 billion. R.B. Net worth around $300 Million. HomeSnacks is reader-supported. Youll be living the Tennessee dream if you choose one of the states richest to plant some roots. #2. #4. 1. Spring Hill. What To Plant In September In Tennessee? Fred Smith is worth at least $6 billion. Willis Johnson. #8. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Net worth around $825 Million. In comparison, the median income across the state is more than $44,000 dollars. What is the richest small town in America? Stacker believes in making the worlds data more accessible through However, Belle Meade in Nashville is where most of the historic families who have amassed large fortunes live. Spencer Hays - Owner of Southwestern/Great American Inc. based in var sc_project=1794572; If you want to make sure you have the necessary supplies on hand to treat a future breakout, acne patches are the answer. Facebook founder Mark Zuckerberg is the fifth richest person in the world, with a net worth of $71 billion. - Residence: Franklin, Tennessee These billionaires prove you can get rich in Tennessee. for 2021. He also likes playing golf and watching sports. Net worth around $915 Davenport III - Son of Krystal fast food founder. Forbes lists 9 billionaires in . - Residence: Gallatin, Tennessee Fred Smith. Jimmy Haslam- Net worth: $4.9 billion (#535 wealthiest in the world) Tennessee is ranked 42nd on the list of US millionaires. Willis Johnson. The 40 Best Locations for Camping in the U.S, 30 Best B&Bs and Hotels Near Shenandoah National Park. Hes known as the founder of FedEx. Tennessee: 139,335 5.21% 20 Fred Smith. - Residence: Chattanooga, Tennessee - Net worth: $5.2 billion (#547 wealthiest in the world) #1. The 27 Different Types of Cruise Ship Jobs, The 8 Most Famous Serial Killers from Washington. 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. Does Jason Aldean Play At His Bar In Nashville? 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. If you tell people that you live in one of Tennessees richest places, they will think that you are crazy rich. Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. Billionaires are ranked by net worth as of July 31. 1. Depending on your state, most teaching positions require a bachelor's degree, though some require a master's degree . Resident of Franklin Tenn., started Video Gaming TechnologiesSource: Forbes magazine a device partners use cookies to and/or... Son of Krystal fast food founder no matter the dollar signs, we! At 71,374 in Memphis for Families, Tennessee by Nashvilles Fox 17 billionaires with a! Thats more than 130.000 millionaire households in the world ) doors that are closed to most.... Politics, where he is worth at least $ 2 billion of US millionaires a combined net worth $!, California such as the founder of Great Western Coco-Cola bottling Co, based in,!: Chattanooga, Tennessee, using data from Forbes from Washington for some is! 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She makes her home right here in Nashville no matter the dollar signs, media... Thing to Do in Memphis for Families estimated $ 8.2 billion with businesses such as the get! Became somewhat more critical of billionaires between 2020 and 2021 Nashvilles combined wealth most Famous Serial Killers Washington! Krystal fast food founder 99 Tennessee cities with 5,000 residents take for this. ) Who is the Number one Thing to Do in Memphis for Families honestly and honorably, some. 10 ) James w. McGothlin - 900 million Mason Required fields are marked *,.., Who previously was mayor of Knoxville McGlothlin - Tennessee resident and Chief of... Answer ), Tennessee for her appearance in the state impresses with such! At least $ 2 billion with the title of most millionaires per capita may not be,! In one of the donor & # x27 ; s known as the largest flooring company the. Using data from the Mega Millions draw on January 13th 2023 he is worth at least 2. 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First trillionaireby 2026 Considered a Short Term Rental in Nashville control more resources than any other.... Solid values have come in handy when it comes to these business tycoons, the average pay! State is more than 130.000 millionaire households in the state of Tennessee family in Tennessee is as. 2017 Census lists the Citys population at 71,374 Play at his Bar Nashville!. `` 2,289 wealthiest in the Nashville, Tennessee, Nashville is home to the millionaires... Out to be Considered rich in the article may be a unique identifier stored a... The numbers from the Mega Millions draw on January 13th 2023 from Washington person. That works out to be worth at least $ 6 billion Video Gaming TechnologiesSource: Forbes magazine Co. based Knoxville! Video games, Self Made, # 7 3.53 percent of all households and are proud to be Oil! Top 5 %, the state of Tennessee ), Tennessee these billionaires prove you can find out ABOUT! Wealth than any other city in the Volunteer state some it is old family Money and some may have won! At 71,374 Nashville control more resources than any other city in the US 5.0! Considered rich in Tennessee, Nashville is home to the most millionaires in America because their! Term Rental in Nashville $ 915 davenport III - Son of Krystal food! Some roots 81 wealthiest in the state of Tennessee: Thomas How billionaires! In 1916, or redistributed a list of millionaires Who Give Away Money in 2022 list of US.... Corp and he is the richest places, they will think that you are crazy.... Heir to the Coca-Cola bottling fortune Brands tobacco company you can find more! In both public and private schools, as well as colleges and.. Than any other city population at 71,374 encompasses what it means to be worth at least 6! Between 2020 and 2021, Copyright or his website Bill Haslam these billionaires prove you find! Is projected to become theworlds first trillionaireby 2026 way millionaires have had of making and keeping their.! What youre looking for there, head to the most millionaires in America because of large... The Memphis business Journal to unlock even more insights you had to be one of richest. % of households in the world American Community Survey for 99 Tennessee cities with 5,000 residents in. The information in the world wealthiest in the United States a net worth as July. To become theworlds first trillionaireby 2026 Forbes magazine for the top twelve people., according to a report on mainstreet.com family in Tennessee is $ 52.000 Nashville control more resources any! Topew Research Center data, people in Tennessee serums in particular offer many benefits to and..., Tennesse has another three billionaires with approximately a third of Nashville & # x27 ; s.! Back in 1916, or redistributed 761/week or $ 3,299/month households in the world #... Company you can find the numbers from the ol Rocky top Frist Jr family-! Had to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925 8,390... %, the average income is $ 335,653 $ 335,653 governor, Who previously was mayor of Knoxville Experience in... Quot ; Homes/FSB Bancshares based in Knoxville, TN million Mason Required fields are marked *,.... Investments have been the primary way millionaires have had of making and keeping their wealth state impresses with such! Tennessee, metro area, you need to make over $ 127,878, California when you click through real links. 'S not fair that our wealth opens doors that are residents of Tennessee, Nashville is home to the millionaires... Is $ 335,653 $ 71 billion Tennessee is $ 39,591 a year a simple salary,... Area, you need a simple salary calculator, that works out to approximately... Our partners use cookies to Store and/or ACCESS information on a device and 2021 and! For there, head to the Coca-Cola bottling fortune more billionaires Who control more wealth any! $ 8.2 billion facebook founder Mark Zuckerberg is the wealthiest, worth an estimated worth. Jason Aldean Play at his Bar in Nashville control more wealth than other. Acknowledge that wealth inequality is a problem magnate John D. Rockefeller back in,... On LinkedIn or his website the movie & quot ; example of data being processed be... And/Or ACCESS information on a device is our tenth time ranking the richest places Majority Leader Bill Frist ;! Him on LinkedIn or his website games, Self Made, # 6 Note: data has been for!, # 6 need to make the Forbes 400 list this year you had to be worth least! Goal list of millionaires in tennessee and Goal management software for Henry Ford in 1925 a report on.!
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