GOBankingRates

The Richest Person in Every State

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James Duncan Davidson / Flickr.com

The U.S. has no shortage of billionaires. While we tend to associate billionaires with large cities such as New York and Los Angeles, there are very wealthy people all over the country – around 748 in total, according to Forbes.

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Some billionaires may choose to live in places other than the big cities, whether it’s because of favorable tax policy or their own personal reasons. Two of the most well-known billionaires, Elon Musk and Larry Ellison, specifically left California for states with friendlier tax codes.

However, the incredibly wealthy live everywhere across the U.S. from Florida to Hawaii. This gallery will provide a glance at the richest people in every state (where data is available).

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Arizona

  • Richest Person: Ernest Garcia II
  • City: Tempe
  • Net Worth: $8.6 billion
  • Source of Wealth: Used cars (Carvana)

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Arkansas

  • Richest Person: Jim Walton
  • City: Bentonville
  • Net Worth: $66.2 billion
  • Source of Wealth: Walmart

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California

  • Richest Person: Larry Page
  • City: Palo Alto
  • Net Worth: $111 billion
  • Source of Wealth: Alphabet (Google)
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Colorado

  • Richest Person: Philip Anschutz
  • City: Denver
  • Net Worth: $10.9 billion
  • Source of Wealth: Investments (Oil, railroads, telecom, real estate and entertainment)
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Connecticut

  • Richest Person: Ray Dalio
  • City: Greenwich
  • Net Worth: $22 billion
  • Source of Wealth: Hedge funds
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Florida

  • Richest Person: Thomas Peterffy
  • City: Palm Beach
  • Net Worth: $20.1 billion
  • Source of Wealth: Discount brokerage
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Georgia

  • Richest Person: Bernard Marcus
  • City: Atlanta
  • Net Worth: $8.7 billion
  • Source of Wealth: Home Depot co-founder
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Hawaii

  • Richest Person: Larry Ellison
  • City: Lanai
  • Net Worth: $106 billion
  • Source of Wealth: Technology (Oracle co-founder)
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Idaho

  • Richest Person: Frank VanderSloot
  • City: Idaho Falls
  • Net Worth: $2.9 billion
  • Source of Wealth: Nutrition, wellness products
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Illinois

  • Richest Person: Ken Griffin
  • City: Chicago
  • Net Worth: $27.2 billion
  • Source of Wealth: Hedge funds (Founder of Citadel)
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Indiana

  • Richest Person: Carl Cook
  • City: Bloomington
  • Net Worth: $11.1 billion
  • Source of Wealth: Medical devices
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Iowa

  • Richest Person: Harry Stine
  • City: Adel
  • Net Worth: $6.9 billion
  • Source of Wealth: Agriculture
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Kansas

  • Richest Person: Charles Koch
  • City: Wichita
  • Net Worth: $60 billion
  • Source of Wealth: Koch Industries

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Kentucky

  • Richest Person: Tamara Gustavson
  • City: Lexington
  • Net Worth: $8.5 billion
  • Source of Wealth: Self-storage
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Louisiana

  • Richest Person: Gayle Benson
  • City: New Orleans
  • Net Worth: $3.8 billion
  • Source of Wealth: Pro sports teams (Owner of the NFL’s New Orleans Saints and NBA’s New Orleans Pelicans)
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Maine

  • Richest Person: Susan Alfond
  • City: Scarborough
  • Net Worth: $2.8 billion
  • Source of Wealth: Shoes
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Maryland

  • Richest Person: Stephen Bisciotti
  • City: Millersville
  • Net Worth: $5.9 billion
  • Source of Wealth: Staffing, Owner of Baltimore Ravens
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Massachusetts

  • Richest Person: Abigail Johnson
  • City: Milton
  • Net Worth: $21.2 billion
  • Source of Wealth: Money management (CEO, Fidelity Investments)
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Michigan

  • Richest Person: Daniel Gilbert
  • City: Franklin
  • Net Worth: $22 billion
  • Source of Wealth: Rocket Companies (formerly Quicken Loans)
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Minnesota

  • Richest Person: Glen Taylor
  • City: Mankato
  • Net Worth: $2.5 billion
  • Source of Wealth: Printing
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Mississippi

  • Richest Person: Thomas & James Duff
  • City: Hattiesburg
  • Net Worth: $2 billion each
  • Source of Wealth: Tires, diversified
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Missouri

  • Richest Person: Pauline MacMillan Keinath
  • City: St. Louis
  • Net Worth: $8.8 billion
  • Source of Wealth: Cargill (Largest food producer in the world)
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Montana

  • Richest Person: Dennis Washington
  • City: Missoula
  • Net Worth: $6.9 billion
  • Source of Wealth: Construction, mining

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Nebraska

  • Richest Person: Warren Buffett
  • City: Omaha
  • Net Worth: $118 billion
  • Source of Wealth: Berkshire Hathaway
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Nevada

  • Richest Person: Miriam Adelson
  • City: Las Vegas
  • Net Worth: $27.5 billion
  • Source of Wealth: Casinos
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New Jersey

  • Richest Person: John Overdeck
  • City: Millburn
  • Net Worth: $6.5 billion
  • Source of Wealth: Hedge funds (Co-founder of Two Sigma)
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New York

  • Richest Person: Michael Bloomberg
  • City: New York
  • Net Worth: $82 billion
  • Source of Wealth: Bloomberg LP media company
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North Carolina

  • Richest Person: Tim Sweeney
  • City: Cary
  • Net Worth: $7.4 billion
  • Source of Wealth: Video games (Co-founder, Epic Games)
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Ohio

  • Richest Person: Les Wexner & Family
  • City: New Albany
  • Net Worth: $5.8 billion
  • Source of Wealth: Retail
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Oklahoma

  • Richest Person: Harold Hamm
  • City: Oklahoma City
  • Net Worth: $17.2 billion
  • Source of Wealth: Oil and gas
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Oregon

  • Richest Person: Phil Knight
  • City: Hillsboro
  • Net Worth: $47.3 billion
  • Source of Wealth: Nike
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Pennsylvania

  • Richest Person: Jeff Yass
  • City: Haverford
  • Net Worth: $12 billion
  • Source of Wealth: Trading, investments
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Rhode Island

  • Richest Person: Jonathan Nelson
  • City: Providence
  • Net Worth: $2.2 billion
  • Source of Wealth: Private equity
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South Carolina

  • Richest Person: Anita Zucker
  • City: Charleston
  • Net Worth: $1.7 billion
  • Source of Wealth: Chemicals

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South Dakota

  • Richest Person: T. Denny Sanford
  • City: Sioux Falls
  • Net Worth: $3.4 billion
  • Source of Wealth: Banking, credit cards
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Tennessee

  • Richest Person: Thomas Frist Jr. & Family
  • City: Nashville
  • Net Worth: $21.8 billion
  • Source of Wealth: Hospitals
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Texas

  • Richest Person: Elon Musk
  • City: Austin
  • Net Worth: $219 billion
  • Source of Wealth: Tesla, SpaceX
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Utah

  • Richest Person: Gail Miller and Matthew Prince
  • City: Salt Lake City (Miller), Park City (Prince)
  • Net Worth: $3.2 billion each
  • Source of Wealth: Car dealerships (Miller), Cybersecurity (Prince)
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Virginia

  • Richest Person: Jacqueline Mars
  • City: The Plains
  • Net Worth: $31.7 billion
  • Source of Wealth: Candy, pet food
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Washington

  • Richest Person: Jeff Bezos
  • City: Seattle
  • Net Worth: $171 billion
  • Source of Wealth: Amazon
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Wisconsin

  • Richest Person: John Menard Jr.
  • City: Eau Claire
  • Net Worth: $16.6 billion
  • Source of Wealth: Home improvement stores
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Wyoming

  • Richest Person: John Mars
  • City: Jackson
  • Net Worth: $31.7 billion
  • Source of Wealth: Candy, pet food

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Jordan Rosenfeld contributed to the reporting for this article.

Methodology: For this support piece, GOBankingRates used Forbes 2022 Billionaire list data to find the richest person in every state. For each state with available data, GOBankingRates found: (1) richest person’s name; (2) city they reside in; (3) net worth as of March 11, 2022; and (4) source of wealth. AL, AK, DE, NH, NM, ND, VT, and WV had no data.

Photo Disclaimer: Please note photos are for representational purposes only.