- Residence: Nashville, Tennessee You can learn more about the top ten below or skip to the end to see the rankings for all 99 places. "The economy is doing well, but all Americans aren't doing well.". #3. Spring Hill, a suburb of Nashville, is one of the 10 richest cities in Tennessee. Sold company to Coke for $1.4 billion. - Residence: Knoxville, Tennessee Frist is also the brother of former Senate Majority Leader Bill Frist, also of Nashville. var sc_partition=16;
Davenport III - Son of Krystal fast food founder. Hes known as the founder of FedEx. 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. This means that the house and its assets are worth at least $1 million. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. #2. As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of . The unemployment rate tries to capture the prospects for more people to become rich. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Google Millionaire List Grows. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. #2. "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. How Do I Establish Residency In Tennessee? 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. The investor also noted that in 1982, according to Forbes, the richest 400 Americans were worth $93 billion. 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. 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. Five Tennessee residents made the list . Cal
#5. Paul is passionate about helping students learn and grow, and he has written extensively on the topic of education. 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? Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8 . You can find out more about him on LinkedIn or his website. Chuck Feeney. Bill Haslam. Stacker believes in making the worlds data more accessible through #7. Bill Haslam. Thomas Frist Jr & family. The 10 Richest People in Tennessee If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Based in Nashville, TN. Thomas J. Frist ranks as the wealthiest. Net worth around $520 Million. Tim Cook. How many households are millionaires in Tennessee? 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. Bill Haslam Net worth: $2.3 billion (#1,274 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, #6. We bet you cant name them all! Billionaires are ranked by net worth as of July 31. - Owner of Life Care Centers of America Nursing Homes. Warren Buffet. As mentioned before, Nashville is a city known for its music. Willis Johnson Net worth: $1.8 billion (#1,669 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: damaged cars, Self Made, #7. 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. Is the US the Richest Country in the World? Sold company to Coke for $1.4 billion. Nolensville. Were proud of our southern stock, no matter the dollar signs, and are proud to be from the ol Rocky Top. Net worth around $880 Million. She is best known for her appearance in the movie "Operating Room.". Jimmy Haslam. 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. Want to know more? Willis Johnson- Net worth: $1.9 billion (#1,518 wealthiest in the world) However, Belle Meade in Nashville is where most of the historic families who have amassed large fortunes live. - Residence: Cleveland, Tennessee Sold company to Coke for $1.4 billion. Bill Haslam remained among the richest in Tennessee with an estimated net worth of $2.6 billion, according to Forbes. Michael Buble.. San Jose-Sunnyvale-Santa Clara, California. McWhorter - Owner of Clayton Associates, a healthcare services
If more people are employed, the richer the future looks. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. What city in Tennessee has the most millionaires? Where do most celebrities live in Nashville? These billionaires prove you can get rich in Tennessee. in Memphis, TN. 7. Get more stories delivered right to your email. "And it's not fair that our wealth opens doors that are closed to most people.". This site uses cookies from Google to deliver its services and to analyze traffic. Net worth around $825
How Can You Avoid Customs Charges from the UK to the US? Million. 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. 5. 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. 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. Jimmy Haslam is also majority owner of the Cleveland Browns NFL franchise. #2. As the absolute largest stockholder of Dollar General, Turner is doing quite qell for himself. Summerfield
Thats more than 10% of households in the US. 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. Thomas Frist is the richest man in Tennessee. This makes us the 7th largest city in Tennessee and one of the fastest growing. He founded Hospital Corp and he is worth at least $13 billion. trivia, facts, history, culture, entertainment, sports, geography and
Our team of experts has selected the best teeth whitening gel out of hundreds of options. Forbes said two third of those on the list of richest people are self-made billionaires. Sara Blakely. Stacker compiled a list of the richest billionaires that are residents of Tennessee, using data from Forbes. Join the, Grand Ole Opry. #4. Franklin and Brentwood, Tennessee are two of the most affluent locations in the state. We aim to deliver bite-sized pieces of infotainment about where you live. Just in case you need a simple salary calculator, that works out to be approximately $19.03 an hour. Best Places To Raise A Family In Tennessee, Download The Entire Tennessee Ranking Data. Billionaires are ranked by net worth as of June 30. Mark Zuckerberg. Spencer Hays - Owner of Southwestern/Great American Inc. based in
What Airlines Fly Into Chattanooga Tennessee? Thank you! - Net worth: $21.0 billion (#81 wealthiest in the world) If you tell people that you live in one of Tennessees richest places, they will think that you are crazy rich. Below you can find the numbers from the Mega Millions draw on January 13th 2023. The average income of the top 20% comes in at $172,622. Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. Editors Note: Data has been updated for 2023. 1 and No. Spring Hill. Can a Tourist Win the Lottery in the United States? - Source of wealth: book distribution, transportation, #3. Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Forbes lists 9 billionaires in Tennessee. And, folks, there are some super rich places in Tennessee that are snack worthy. 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%. There are a few guidelines and This is our tenth time ranking the richest cities in Tennessee. We need big ideas to curb downtown crime, Tenants to be moved amid dire homeless situation, DA to target wage theft with new initiative, MFD division chief booted over behavior toward recruits, Inspectors were at Peppertree when walkway collapsed, Public Service Corps aims to fight blight in Memphis, Cavs Mitchell to miss game vs. Grizzlies with groin, Basketball is secondary for Grizzlies on MLK Day, Grizzlies win MLK Celebration game to run winning, Ja Morant says sensational slam in Indy was his best, Grizzlies win 9th straight, Morant dunks over Jalen, Which dunk was better? 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. Smith is the founder as well as current CEO of FedEx - we're pretty sure you've heard of it. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Where do the rich people in Tennessee live? "This has been a prosperity that's been disproportionately rewarding to the people on top," Buffett said. How many billionaires are there in Tennessee? During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. The concentration of millionaires to the total number of people in Tennessee is 5%, which is under the national US average. 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. Thoughts? Bill Sansom
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. 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. as well as image rights, data visualizations, forward planning tools, This material may not be published, broadcast, rewritten, or redistributed. Brad Kelley- Net worth: $2.5 billion (#1,150 wealthiest in the world) #4. How many billionaires are there in Tennessee? - CEO of Pilot Flying J Truckstops. Does Jason Aldean Play At His Bar In Nashville? New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. All Rights Reserved Powered by. Your email address will not be published. If your organization is interested in becoming a Stacker - Residence: Gallatin, Tennessee - Source of wealth: gas stations, #6. In 2017, Forbes tallied that group at $2.4 trillion, said Buffett. W. McGlothlin - Tennessee resident and Chief executive of coal
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. Jeffrey Lorberbaum Net worth: $1.4 billion (#2,029 wealthiest in the world) Residence: Chattanooga, Tennessee Source of wealth: flooring, #8. According toPew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number. Part 1 or Part 2 of Morant over, Grizzlies help refurbish Springdale Elementary for, Morant returns, scores 38 in Grizzlies 8th straight, Kendric Davis buzzer beater lift Tigers over Temple,, Davis scores 42 but the Tigers fall in 2OT at UCF, Lorenzen Wrights jersey retirement scheduled, Second half comeback gives Tigers edge over Pirates, Tigers defeat SMU for first AAC win of season, Kendric Davis named to Wooden Award Midseason Top, Tigers open new year with disappointing loss at Tulane, Davis delivers in win over South Florida; Hes a, Musk says Biden may try to weaponize government, Bank of America customers report missing money, Students injured by shattered window during Newport, Grandma, teen fast friends after he returns lost, Morant gives girl jersey, Nike shoes after ball stolen, Do Not Sell or Share My Personal Information. Why Was Nashville Named After Francis Nash? Net worth around $600 Million. https://journeyz.co/wp-content/cache/breeze-minification/js/breeze_d6f2b5374d4034eccf68622444cf0976.js, The 100 Best Places to Travel in the World. In doing so, youre agreeing to the below guidelines. It may be surprising, but this is the seventh year in a row that Maryland has ranked number one in the country for this metric. The company was built by his father and grandfather. Information about your use of this site is shared with Google. Martha Ingram Net Worth $3.7 Billion She is the former chairman of Vanderbilt University and Ingram industries. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. The sale, Music celebrities live in Brentwood TN due to its close proximity to Music City, USA. Nashville is home to country artists like Keith Urban Taylor, The music scene of Nashville is one of the best in the world. #2. Thomas J. Frist ranks as the wealthiest. R.B. 1. - Source of wealth: FedEx, Self Made, #2. Jeffrey Lorberbaum- Net worth: $1.2 billion (#2,198 wealthiest in the world) Most billionaires in the state are past the age of 60, which also proves it takes time to get really rich. in Churchill Downs, venue of Kentucky Derby. Rich people not your cup of tea? 2nd Ave just north of Broadway is the closest thing Nashville has to a Beale St setting. TN. - Residence: Franklin, Tennessee Microsoft co-founder Bill Gates is the second richest person in the world with a net worth of $90 billion. The top 10 billionaires on the list are: Jeff Bezos, 54, worth $112 billion. Please look at the time stamp on the story to see when it was last updated. 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. Net worth around $800 Million. James
Paul is a big fan of the Boston Celtics and New England Patriots. Love Tennessee? - Founder of Check Into Cash, an industry which allows people to receive
Net worth: $21.0 billion (#81 wealthiest in the world). 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. No surprise there. Bridgeport-Stamford-Norwalk, Connecticut. The small suburb of Nashville has a population of just 8,390. Still, the state impresses with businesses such as the largest flooring company in the world. Net worth around $880 Million. Million. Net worth around $300 Million. - Source of wealth: flooring, #8. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. Fred Smith. According to the latest data, Nolensville, has earned this honor. How many 10 millionaires are there in America? Frederick Smith
What Famous People Live In Brentwood Nashville? The Haslam family sold 38.6 percent of the company last fall to Warren Buffett's Berkshire Hathaway. share our stories with your audience. Tennessee
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Which Island in Hawaii is the Cheapest to Live In? Martha Ingram & family. Ms. Barnstable was born on May 23, 1951. - Source of wealth: health care, Self Made, #10. | Updated March 13, 2018 at 4:46 a.m. Around the globe, Forbes magazine estimates the number of billionaires last year rose by nearly 8.1 percent to a record 2,208 individuals who collectively had a net worth of $9.1 trillion. 8. These billionaires prove you can get rich in Tennessee. 11,000,000: Number of households in the U.S. worth at least $1 million, according to the research firm Spectrem Group. 1. However, a few outliers exist in suburban and even rural areas. and more. Net worth around $1.5 Billion. 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. Owner of Southeastern Asset Management Group, a money management firm. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Forbes lists 11 billionaires in Tennessee. What Is The Number One Thing To Do In Nashville? When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there. Davenport III - Son of Krystal fast food founder. - Residence: Nashville, Tennessee #5. W. Allan Jones
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. Franklin, Tennesse has another three billionaires with approximately a third of Nashvilles combined wealth. These are ten of the richest people who live in Tennessee. Chattanooga, TN. #6. As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of America, was not on the Forbes 400 list. Preston is the CEO and sole owner of the company, which is based in Cleveland, Tennessee. - Net worth: $5.0 billion (#515 wealthiest in the world) #1. Forrest Preston
Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. Nolensville. - Residence: Franklin, Tennessee Thomas Frist Jr & family. Meanwhile, Amazon CEO Jeff Bezos is projected to become theworlds first trillionaireby 2026. According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. your CMS. He's known as the founder of FedEx. Bill Haslam's older brother, Jimmy, still runs Pilot Flying J is is worth 30 percent more than his brother, according to Forbes. How many millionaires are in Memphis Tennessee? system. Who is the richest person in Nashville TN? Patricia Barnstable Net worth: $16 million. What is the richest small town in America? A total of three billionaires live in Nashville with a combined net worth of $20.7 billion. These are two of the most affluent suburbs in the Nashville area. Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. 7: The percentage increase in millionaires since mid-2018. Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Of this list, nine of them live in Tennessee, and two of them live in Nashville. I wonder how many live in the Nashville area? Its average household income is just under $27,000 dollars. 1. Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. 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? In 2020, California had the highest number of millionaire households in the U.S., with 1.14 million households having one million or more in investible assets. What is considered a short term rental, Re: Equivalent to Beale Street? Net worth around $2 Billion. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. The town has some retail and commercial areas but is mostly residential. Thomas Frist Jr & family. He currently works as a professor at a local college. Youll be living the Tennessee dream if you choose one of the states richest to plant some roots. Jimmy Haslam. Clayton - Founder of Clayton Homes/FSB Bancshares based in Knoxville,
#7. The state has 39,220 households with $1 million or more to invest. The U.S.s wealthiest billionaires are mostly concentrated within justa couple of industries: finance and investments, and technology. Founder of AutoZone, and largest stock holder of GTx Pharmaceutical Co.
How many millionaires live in Nashville TN? Net worth: $5.2 billion (#547 wealthiest in the world), #1.
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