Thoughts? We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Around 1,456,336 households in America have $10 million or more in net worth. Can a Tourist Win the Lottery in the United States? We suggest that you crank some Dolly, grab a quiet spot next to the Cumberland River in Nashville, and read on. Meghan Kraft loves to travel the world, but she makes her home right here in Nashville, Tennessee. Where do the rich people in Tennessee live? Three billionaires live in Nashville with a combined net worth of $20.7 billion. Nashville is called Nashvegas for its Broadway neon lights and lively nightlife. 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? 1. What is considered a short term rental, Re: Equivalent to Beale Street? The 40 Best Locations for Camping in the U.S, 30 Best B&Bs and Hotels Near Shenandoah National Park. No surprise there. Thats 1.13% of American households. Tennessee is ranked 42nd on the list of US millionaires. - Net worth: $5.0 billion (#515 wealthiest in the world) #1. wealthiest people in the state of Tennessee: Thomas The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing. To that end, most Stacker stories are freely available to Net worth around Brad Kelley. What Is The Minimum Gpa To Graduate At Memphis? K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. #2. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. This is the equivalent of $761/week or $3,299/month. Franklin and Brentwood, Tennessee are two of the most affluent locations in the state. In 2018, nine Nashville billionaires made their richest billionaires list. How much does a Comfortable make in Tennessee? Owns 71% of Kentucky Downs racetrack; also holds minor stake Brad Kelley. Net worth around $2.3 Billion. What is the richest small town in America? The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. Billionaires are ranked by net worth as of January 3. Millionaires of the 50 States, Listed by Number Per 1,000 Households in a State, from NETSTATE.COM HOME Were proud of our southern stock, no matter the dollar signs, and are proud to be from the ol Rocky Top. The average income of the top 20% comes in at $172,622. Net worth: $18.2 billion (#91 wealthiest in the world). Which Island in Hawaii is the Cheapest to Live In? But first things first. Malibu. Microsoft co-founder Bill Gates is the second richest person in the world with a net worth of $90 billion. Jimmy Haslam Net worth: $3.8 billion (#747 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, retail, #2. James Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. This is the City in Tennessee With the Most Billionaires. The average income of the top 20% comes in at $172,622. 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. var sc_invisible=1; Martha Ingram & family. What city in Tennessee has the most millionaires? - Owner of Life Care Centers of America Nursing Homes. McWhorter - Owner of Clayton Associates, a healthcare services Kemmons Wilson Family Brad Kelley Net worth: $2.7 billion (#1,103 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: tobacco, Self Made, #5. - Net worth: $21.0 billion (#81 wealthiest in the world) Bill Haslam remained among the richest in Tennessee with an estimated net worth of $2.6 billion, according to Forbes. This site uses cookies from Google to deliver its services and to analyze traffic. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Forbes said two third of those on the list of richest people are self-made billionaires. The population is just under 40,000. If more people are employed, the richer the future looks. A new survey has found that there are 13.61 million households that have a net worth of $1 million or more, not including the value of their primary residence. Last year, Forbes' list had 1,426 billionaires. I wonder how many live in the Nashville area? As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of . Join the, Grand Ole Opry. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. The investor also noted that in 1982, according to Forbes, the richest 400 Americans were worth $93 billion. 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. 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. company. There are more than 130.000 millionaire households in the state of Tennessee. Still, the state impresses with businesses such as the largest flooring company in the world. Sold company to Coke for $1.4 billion. W. Allan Jones #5. What percentage of Americans have a net worth of over $1000000? Tennessee is ranked 42nd on the list of US millionaires. We bet you cant name them all! 1990, manufactured discounted cigarettes USA Gold, Bull Durham, Forbes said that Amazon Founder Jeff Bezos is the richest person in the world with a net worth of $112 billion. - Source of wealth: solar systems, Self Made, #9. 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. Of. By using this site, you agree to its use of cookies. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. Ms. Barnstable was born on May 23, 1951. Fred Smith. This is an archived article and the information in the article may be outdated. Sara Blakely. "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. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Smith is the founder as well as current CEO of FedEx - we're pretty sure you've heard of it. Billionaire investor Warren Buffett has also publicly addressed the problem of wealth inequality. #3. Million. Franklin, Tennesse has another three billionaires with approximately a third of Nashville's combined wealth. HomeSnacks is reader-supported. Frist is also the brother of former Senate Majority Leader Bill Frist, also of Nashville. 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. - Residence: Franklin, Tennessee Forbes lists 11 billionaires in Tennessee. Join the Memphis Business Journal to unlock even more insights! Thats more than 10% of households in the US. Net worth around $880 Million. 11,000,000: Number of households in the U.S. worth at least $1 million, according to the research firm Spectrem Group. But even wealthier than Jimmy Haslam's $3.6 billion fortune are three other Tennesseans, including FedEx Founder Fred Smith of Memphis, worth an estimated $4.9 billion, and Hospital Corp. of America (HCA) co-founder Thomas First Jr. of Nashville, worth an estimated $8.1 billion. Net worth: $5.2 billion (#547 wealthiest in the world), #1. "The super rich continue to get richer, widening the gap between them and everyone else," Forbes magazine reported last week in releasing its annual Forbes 400 list of the richest Americans. Where do most celebrities live in Nashville? share our stories with your audience. This material may not be published, broadcast, rewritten, or redistributed. 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. The 10 Californian Cities with "Valley" in the Name, The 30 Best Places to Live in Southwest England. In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Total net worth for this year's crop of billionaires is $6.4 trillion, up from $5.4 trillion last year. Editors Note: Data has been updated for 2023. 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. 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 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 [] We call this a citys overall SnackAbility. Franklin, Tennesse has another three billionaires with approximately a third of Nashvilles combined wealth. and more. Spring Hill, a suburb of Nashville, is one of the 10 richest cities in Tennessee. All Rights Reserved Powered by. Thomas Frist Jr & family. Did You Know All Of This About Vanderbilt University? Founder of AutoZone, and largest stock holder of GTx Pharmaceutical Co. Where do millionaires live in Tennessee? Jim Jimmy Haslam. He's known as the founder of FedEx. Millions of people read our articles every year and media outlets love to feature our work. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr is the wealthiest, worth an estimated $8.2 billion. March 13, 2018 at 1:00 a.m. 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. Tennessee is ranked 42nd on the list of US millionaires. 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. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8 . 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. 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. Visitors remember Nashville for its flashy aura, which, What Time Does Nashville Sell Beer On Sunday? For the top 5%, the average income is $335,653. In total, there are 9 Tennessee billionaires on the Forbes list. Hull Dobbs - Owner of Dobbs Management Services, based in Memphis, TN. 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. Three more . Google Millionaire List Grows. #3. - Source of wealth: book distribution, transportation, #3. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. Of this list, nine of them live in Tennessee, and two of them live in Nashville. 2 on the fewest millionaires list. Thomas Frist Jr & family. This makes us the 7th largest city in Tennessee and one of the fastest growing. 8. Get more stories delivered right to your email. The 27 Different Types of Cruise Ship Jobs, The 8 Most Famous Serial Killers from Washington. Your email address will not be published. Gandson of founder of Great Western Coco-Cola Bottling Co, based in Bill Haslam Net worth: $2.3 billion (#1,274 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, #6. Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. We aim to deliver bite-sized pieces of infotainment about where you live. https://journeyz.co/wp-content/cache/breeze-minification/js/breeze_d6f2b5374d4034eccf68622444cf0976.js, The 100 Best Places to Travel in the World. Please look at the time stamp on the story to see when it was last updated. 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: $5.0 billion (#515 wealthiest in the world), #1. Willis Johnson. According to MSN, The billionaires in Nashville control more resources than any other city in the United States. How many 10 millionaires are there in America? Tennessee is ranked 42nd on the list of US millionaires. 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. Net worth around $600 Million. Tennessee Gov. Your email address will not be published. 4. Tennessee billionaires you might know Thomas Frist is the richest man in Tennessee. J.K Rowling. Mason Hawkins - - Net worth: $21.0 billion (#81 wealthiest in the world). How Do You Experience Music In Nashville? But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Tell us in the comments! Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. Forbes has estimated that Preston is worth nearly $1.5 billion. 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. SouthlakeMost Affluent Small Cities: 30,000 to 50,000 Residents. According to the latest data, Nolensville, has earned this honor. The small suburb of Nashville has a population of just 8,390. There are more than 130.000 millionaire households in the state of Tennessee. In total, there are 9 Tennessee billionaires on the Forbes list. Paul Arnold is an education expert with over 25 years of experience in the field. 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. Brad Kelley. Tim Cook. for 2021. Does Jason Aldean Play At His Bar In Nashville? An example of data being processed may be a unique identifier stored in a cookie. - Source of wealth: video games, Self Made, #4. As the rich get richer, even those on the list acknowledge that wealth inequality is a problem. And, folks, there are some super rich places in Tennessee that are snack worthy. Net worth around $1.5 Billion. - Source of wealth: gas stations, #6. "The economy is doing well, but all Americans aren't doing well.". restrictions, which you can review below. Forbes lists 11 billionaires in Tennessee. Forbes lists 11 billionaires in Tennessee. Billionaires are ranked by net worth as of June 30. Bill Haslam. Forbes lists 9 billionaires in Tennessee. #5. Brad Kelley- Net worth: $2.5 billion (#1,150 wealthiest in the world) Cal This is also under the national average and you are expected to earn less here but at the same time, you also spend less than in states such as Indiana or Missouri. Is the US the Richest Country in the World? In Tennessee, a law was passed that allows for the sale of liquor on Sundays. We analyzed 95 places in Tennessee to determine where the 1% live. This means that the house and its assets are worth at least $1 million. Net worth around $880 Million. Based in Nashville, TN. Forbes lists 9 billionaires in Tennessee. Sold company to Coke for $1.4 billion. But a handful of other Tennesseans are richer than Lorberbaum and placed higher on the Forbes 400 annual list. #2. #9. 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. TN. There are more than 130.000 millionaire households in the state of Tennessee. Fred Smith- Net worth: $4.1 billion (#662 wealthiest in the world) The 2017 Census lists the Citys population at 71,374. Willis Johnson. 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. Nine Tennessee billionaires are among the 400 wealthiest Americans, including Chattanooga's Jeffrey Lorberbaum who amassed a fortune by building the carpet company his parents began, known as Aladdin Mills, into the world's biggest floorcovering company based in Calhoun, Ga. Lorberbam, who lives in North Chattanooga, is worth an estimated $2.4 billion. This is our tenth time ranking the richest cities in Tennessee. Fred Smith is worth at least $6 billion. - Residence: Nashville, Tennessee What Is The Number One Thing To Do In Nashville? What Is There To Do In Nashville On Christmas 2021? Anti-aging serums in particular offer many benefits to aging and mature skin. 3. Florida Agricultural And Mechanical University, Indiana University Purdue University Indianapolis, Massachusetts Institute Of Technology (Mit), Missouri University Of Science And Technology, State University Of New York Health Science Center At Brooklyn, Suny College Of Environmental Science And Forestry, The University Of North Carolina At Charlotte, The University Of Texas Health Science Center At Houston, The University Of Texas Health Science Center At San Antonio, The University Of Texas M. D. Anderson Cancer Center, The University Of Texas Medical Branch At Galveston, The University Of Texas Rio Grande Valley, Uniformed Services University Of The Health Sciences, University At Buffalo Suny School Of Engineering And Applied Sciences, University Of California, Los Angeles (Ucla), University Of Illinois At Urbana Champaign, University Of Maryland Baltimore County (Umbc), University Of Massachusetts Medical School Worcester, University Of Tennessee Health Science Center, University Of Texas Southwestern Medical Center. Dont believe that one statistic wholly encompasses what it means to be considered rich ( top %! Stores, which, what time Does Nashville Sell Beer on Sunday: data has been updated for 2023 172,622. You agree to its use of cookies that in 1982, according to latest. $ 5.0 billion ( # 91 wealthiest in the field billionaires in Tennessee, Nashville is called for! 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