list of millionaires in tennessee

Chris Kolmar has been in the real estate business for almost ten years now. 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%. Nashville, TN. Bill Haslam's older brother, Jimmy, still runs Pilot Flying J is is worth 30 percent more than his brother, according to Forbes. Frederick Smith Some have earned it honestly and honorably, for some it is old family money and some may have just won a lottery. Mark Zuckerberg. #5. Jack Lupton - 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 . Forbes lists 9 billionaires in Tennessee. 2015-2023 Chasing Chains, LLC. Tennessee: 139,335 5.21% 20 John This site uses cookies from Google to deliver its services and to analyze traffic. Two Tennessee cities made the list Memphis (47) and Nashville (26). Net worth around 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. - Residence: Franklin, 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? Facebook founder Mark Zuckerberg is the fifth richest person in the world, with a net worth of $71 billion. people getting PAID EVERY DAY. One of the largest celebrations the city has is Memphis in May . Founder of AutoZone, and largest stock holder of GTx Pharmaceutical Co. worth around $1.8 Billion. In total, there are 9 Tennessee billionaires on the Forbes list. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8 . Will MPD release footage of Tyre Nichols arrest? Three billionaires live in Nashville with a combined net worth of $20.7 billion. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. The average income of the top 20% comes in at $172,622. In Nashville, an STR is defined as any rental property that you rent for less than 30 days. Microsoft co-founder Bill Gates is the second richest person in the world with a net worth of $90 billion. Information about your use of this site is shared with Google. #11. [emailprotected]. Get the Android Weather app from Google Play, Gas Price Tracker Cheapest gas around Memphis, Register to win a $5,000 college scholarship, ALSO READ: Cities with the most expensive homes in Tennessee, Woman warns others after losing $300 in Cash App, Man wanted after argument with cousin leads to shooting, Instacart drivers steal money, items from shoppers, Tornado Watch issued across Memphis area, Mid-South, Suspects shoot at man trying to stop car break-in, Beauty supply store bandit busted in stolen car:, AR man sentenced to 8 years for identity theft scheme, Judge threatens to take cellphones of kids caught, AR bill would let bomb sqauds conceal carry during, CA to TN pipeline brings millions of investment dollars, Shelby County Restaurant Scores:, Jan. 10-16, 2023, Shelby County Restaurant Scores: Jan. 3-9, Shelby County Restaurant Scores: Dec 27 Jan 2, Shelby County Restaurant Scores: Dec. 20-26, 2023 tax season is here: What you need to know. When you click through real estate links on our site, we earn an affiliate commission. Brad Kelley. #8. Jon Yarbrough- Net worth: $3.2 billion (#912 wealthiest in the world) This makes us the 7th largest city in Tennessee and one of the fastest growing. There are more than 130.000 millionaire households in the state of Tennessee. Today, Franklin is one of the wealthiest cities in one of the wealthiest counties in the United States. So the US is definitely the country with the most 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. 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. Famous Artists Made in Nashville Black Eyed Peas. Were proud of our southern stock, no matter the dollar signs, and are proud to be from the ol Rocky Top. Spring Hill. Want to know more? McWhorter - Owner of Clayton Associates, a healthcare services Who is the wealthiest family in Tennessee? What Is There To Do In Nashville On Christmas 2021? Get more stories delivered right to your email. your CMS. Net worth around $810 A total of three billionaires live in Nashville with a combined net worth of $20.7 billion. #7. Patricia Barnstable Net worth: $16 million. - Source of wealth: health care, Self Made, #10. SouthlakeMost Affluent Small Cities: 30,000 to 50,000 Residents. 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. TN. 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. There are more than 130.000 millionaire households in the state of Tennessee. created by his father and grandfather. #3. R.B. Last year, Forbes' list had 1,426 billionaires. 4. 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. He's known as the founder of FedEx. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. - CEO of Pilot Flying J Truckstops. Just in case you need a simple salary calculator, that works out to be approximately $19.03 an hour. Forbes lists 9 billionaires in Tennessee. To be considered rich in the Nashville, Tennessee, metro area, you need to make over $127,878. Million. - Net worth: $21.0 billion (#81 wealthiest in the world). #8. Net worth around $500 Million. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. The top 10 billionaires on the list are: Jeff Bezos, 54, worth $112 billion. #2. Tennessee is ranked 42nd on the list of US millionaires. Thomas Frist Jr & family. The average income of the top 20% comes in at $172,622. 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. Thomas Frist Jr & family Net worth: $15.0 billion (#115 wealthiest in the world) Residence: Nashville, Tennessee Source of wealth: hospitals, Self Made. How many billionaires are there in Tennessee? The small suburb of Nashville has a population of just 8,390. J.R. Hyde III - Join the, Grand Ole Opry. Martha Rivers Of. Smith is the founder as well as current CEO of FedEx - we're pretty sure you've heard of it. How many billionaires are there in Tennessee? 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. Martha Ingram Net Worth $3.7 Billion She is the former chairman of Vanderbilt University and Ingram industries. Recently a report from Forbes found that there are 2,755 billionaires in the world. During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. Jeffrey Lorberbaum- Net worth: $1.2 billion (#2,198 wealthiest in the world) You may also like: Highest earning zip codes in Knoxville metro area. Fred Smith is worth at least $6 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. 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. According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. He has a net worth of $3.8 billion. Thomas Frist Jr & family. He also likes playing golf and watching sports. By using this site, you agree to its use of cookies. In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Jon Yarbrough. Thats 1.13% of American households. Net worth: $15.0 billion (#115 wealthiest in the world), #1. Five Tennessee residents made the list . Dean Solon - Net worth: $1.2 billion (#2,289 wealthiest in the world) - Residence: Gallatin, Tennessee Net worth around $300 Million. Net Bill Haslam- Net worth: $2.5 billion (#1,152 wealthiest in the world) How much do you have to make to be rich in Nashville? Willis Johnson. | 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. In 2018, nine Nashville billionaires made their richest billionaires list. He founded Hospital Corp and he is worth at least $13 billion. Jimmy Haslam He has worked in both public and private schools, as well as colleges and universities. 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. based in Knoxville, TN. Million. How Can You Avoid Customs Charges from the UK to the US? - Source of wealth: hospitals, Self Made. This is an archived article and the information in the article may be outdated. However, Belle Meade in Nashville is where most of the historic families who have amassed large fortunes live. Total net worth for this year's crop of billionaires is $6.4 trillion, up from $5.4 trillion last year. 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. Davenport III - Son of Krystal fast food founder. All rights reserved. However, a few outliers exist in suburban and even rural areas. 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. New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. 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. If you want to make sure you have the necessary supplies on hand to treat a future breakout, acne patches are the answer. Owner of Southeastern Asset Management Group, a money management firm. If you want to see a list of the rest of Tennessees richest places, take a look below. How much does a Comfortable make in Tennessee? Preston is the CEO and sole owner of the company, which is based in Cleveland, Tennessee. Tim Cook. Table of Contents show 10. Which Island in Hawaii is the Cheapest to Live In? Jeffrey Lorberbaum Net worth: $1.4 billion (#2,029 wealthiest in the world) Residence: Chattanooga, Tennessee Source of wealth: flooring, #8. Jimmy Haslam Net worth: $3.8 billion (#747 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, retail, #2. Spencer Hays - Owner of Southwestern/Great American Inc. based in The U.S.'s wealthiest billionaires are mostly concentrated within just a couple of industries: finance and investments, and technology. 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. Forrest Preston Based in Cleveland, TN. Two Tennessee cities made the list Memphis (47) and Nashville (26). He also owns almost two million multi-state acres of land. Owns 71% of Kentucky Downs racetrack; also holds minor stake K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. as well as image rights, data visualizations, forward planning tools, Brad Kelley- Net worth: $2.5 billion (#1,150 wealthiest in the world) OnlyInYourState may earn compensation through affiliate links in this article. storytelling. There are more than 130.000 millionaire households in the state of Tennessee. Google Millionaire List Grows. Summerfield in Churchill Downs, venue of Kentucky Derby. 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. var sc_invisible=1; We suggest that you crank some Dolly, grab a quiet spot next to the Cumberland River in Nashville, and read on. Franklin, Tennesse has another three billionaires with approximately a third of Nashville's combined wealth. Below is a list of the Willis Johnson. How many millionaires are in Memphis Tennessee? Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr is the wealthiest, worth an estimated $8.2 billion. Tennessee Millionaires TENNE$$EE MILLIONAIRE$ Home wHAT IS A MILLIONAIRE? Spring Hill, a suburb of Nashville, is one of the 10 richest cities in Tennessee. Fred Smith. Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. 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