According to the latest data, Nolensville, has earned this honor. in Memphis, TN. Brad Kelley. Jon Yarbrough. 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. - Source of wealth: hospitals, Self Made. Tell us in the comments! Forbes lists 11 billionaires in Tennessee. And lucky for you, theyre listed below. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. What Is The Minimum Gpa To Graduate At Memphis? Spring Hill. Smith is the founder as well as current CEO of FedEx - we're pretty sure you've heard of it. Net worth: $21.0 billion (#81 wealthiest in the world). your CMS. 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. - Residence: Franklin, Tennessee wWW.umartate.com Visit my affiliate website and learn how to get 100 free traffic sources and more. Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. Two Tennessee cities made the list Memphis (47) and Nashville (26). thru fast food chain Central Park. restrictions, which you can review below. Take for instance this little gem by Nashvilles Fox 17. Teacher. "And it's not fair that our wealth opens doors that are closed to most people.". Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Dunavant - Owner of Dunavant Enterprises, a cotton manufacturer based 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. Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. As of May 20, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $39,591 a year. - Residence: Knoxville, Tennessee 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. Mason Hawkins - Spencer Hays - Owner of Southwestern/Great American Inc. based in Forbes lists 11 billionaires in Tennessee. Youll be living the Tennessee dream if you choose one of the states richest to plant some roots. Bill Haslam. | 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. Fred Smith. Net worth around $5 Billion. R.B. Net worth around $880 Million. Allow them to enjoy. In doing so, youre agreeing to the below guidelines. Based in Nashville, TN. Forbes lists 11 billionaires in Tennessee. He's known as the founder of FedEx. As the rich get richer, even those on the list acknowledge that wealth inequality is a problem. Is the US the Richest Country in the World? Tennessee didn't score well on the list, but it beat its Mid-South neighbors, which ranked No. Franklin, Tennesse has another three billionaires with approximately a third of Nashvilles combined wealth. Tennessee is ranked 42nd on the list of US millionaires. Forbes lists 11 billionaires in Tennessee. Where do millionaires live in Tennessee? A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. What Is Considered A Short Term Rental In Nashville Tn? This site uses cookies from Google to deliver its services and to analyze traffic. Jon Yarbrough. Martha Rivers Although support for individual billionaires like Elon Musk or Bill Gates is relatively strong, many Americans view the ultra-richas a group rather than as individualsnegatively. trivia, facts, history, culture, entertainment, sports, geography and How many millionaires do we have in California? 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. Can a Tourist Win the Lottery in the United States? Million. Hotel Management Co. Net worth around $1.2 By using this site, you agree to its use of cookies. Willis Johnson. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. How Much Does a Hotel Room Cost Per Night? Warren Buffet. Malibu. Copyright 2023, Chattanooga Times Free Press, Inc. #2. Patricia Barnstable is one of the richest people in Kentucky. 11,000,000: Number of households in the U.S. worth at least $1 million, according to the research firm Spectrem Group. 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. This means that the house and its assets are worth at least $1 million. 1. 10) James W. McGothlin - 900 million Mason 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. Sold company to Coke for $1.4 billion. We bet you cant name them all! Also founded drive thru fast food chain Central Park. Cal 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. Best Places To Raise A Family In Tennessee, Download The Entire Tennessee Ranking Data. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. "The real problem, in my view, is - this has been - the prosperity has been unbelievable for the extremely rich people," said Buffett on PBS Newshour in June. and more. Forbes lists 9 billionaires in Tennessee. - Net worth: $21.0 billion (#81 wealthiest in the world). 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. Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. (Solution). 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. Million. director of SunTrust Banks. Jimmy Haslam Net worth: $3.8 billion (#747 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, retail, #2. Chattanooga, 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. Thomas Frist Jr & family. Where do most celebrities live in Nashville? You'll receive your first newsletter soon! San Jose-Sunnyvale-Santa Clara, California. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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. #6. 8: California's ranking on the list of most millionaires, per capita. Meanwhile, Amazon CEO Jeff Bezos is projected to become the world's first trillionaire by 2026. GAIN ACCESS TO EVERY LOCAL INSIGHT, LEAD AND MORE! Wow. 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. You can learn more about the top ten below or skip to the end to see the rankings for all 99 places. - Source of wealth: flooring, #8. Thats more than 10% of households in the US. These billionaires prove you can get rich in Tennessee. We took a look at the latest Census data from the American Community Survey for 99 Tennessee cities with 5,000 residents. #2. 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. Bill Haslam Net worth: $2.3 billion (#1,274 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, #6. Tennessee is ranked 42nd on the list of US millionaires. How Do I Establish Residency In Tennessee? Stackercompiled a list of the richest billionaires that are residents of Tennessee, using data fromForbes. 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. Those solid values have come in handy when it comes to these business tycoons, the top twelve richest people in the Volunteer State. 1. Jimmy Haslam is also majority owner of the Cleveland Browns NFL franchise. Frederick Smith company, United Co., which is based in Bristol, VA. Net worth around $900 Million. In comparison, the median income across the state is more than $44,000 dollars. The concentration of millionaires to the total number of people in Tennessee is 5%, which is under the national US average. For the top 5%, the average income is $335,653. Bon Jovi. Chris Kolmar has been in the real estate business for almost ten years now. OnlyInYourState may earn compensation through affiliate links in this article. Fred Smith- Net worth: $4.1 billion (#662 wealthiest in the world) 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. 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. After all, rich people have really high salaries. Still, the state impresses with businesses such as the largest flooring company in the world. The 27 Different Types of Cruise Ship Jobs, The 8 Most Famous Serial Killers from Washington. Does Jason Aldean Play At His Bar In Nashville? Your email address will not be published. Net worth around $600 Million. - Residence: Gallatin, Tennessee - Net worth: $5.2 billion (#547 wealthiest in the world) #1. We analyzed 95 places in Tennessee to determine where the 1% live. To publish, simply grab the HTML code or text to the left and paste into Below you can find the numbers from the Mega Millions draw on January 13th 2023. Bill Haslam. In Nashville, an STR is defined as any rental property that you rent for less than 30 days. Ms. Barnstable was born on May 23, 1951. How Many Millionaires Live In Nashville Tennessee? He founded Hospital Corp and he is worth at least $13 billion. To make the Forbes 400 list this year you had to be worth at least $2 billion. 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. Thank you! - Residence: Nashville, Tennessee March 13, 2018 at 1:00 a.m. Brad Kelley- The 10 Californian Cities with "Valley" in the Name, The 30 Best Places to Live in Southwest England. var sc_partition=16; According to MSN, The billionaires in Nashville control more resources than any other city in the United States. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Net worth around $2.3 Billion. 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. Billy Net worth around $470 Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. [emailprotected]. Millions of people read our articles every year and media outlets love to feature our work. In Tennessee like in other areas they exist. Jon Yarbrough- Net worth: $3.2 billion (#912 wealthiest in the world) Forrest Preston - Net worth: $1.1 billion (#2,359 wealthiest in the world) - Residence: Cleveland, Tennessee - Source of wealth: health care, Self Made #10. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. people getting PAID EVERY DAY. - Residence: Knoxville, Tennessee If you tell people that you live in one of Tennessees richest places, they will think that you are crazy rich. Bill Sansom Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr is the wealthiest, worth an estimated $8.2 billion. based in Memphis, TN. Bill Gates, 62, worth $90 . He has worked in both public and private schools, as well as colleges and universities. Join the, Grand Ole Opry. 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. Tennessee is ranked 42nd on the list of US millionaires. #3. To be considered rich in the Nashville, Tennessee, metro area, you need to make over $127,878. 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. Who is the richest family in Tennessee? Nolensville. In the table further down you can see the prizes you win for matching a certain amount of these numbers depending on if you played with the . In 2018, nine Nashville billionaires made their richest billionaires list. Meanwhile, Amazon CEO Jeff Bezos is projected to become theworlds first trillionaireby 2026. The Volunteer State has. R.B. Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. J.K Rowling. 2nd Ave just north of Broadway is the closest thing Nashville has to a Beale St setting. In 2017, Forbes tallied that group at $2.4 trillion, said Buffett. What is the richest small town in America? - Net worth: $21.0 billion (#81 wealthiest in the world) How Do You Experience Music In Nashville? The top 10 billionaires on the list are: Jeff Bezos, 54, worth $112 billion. - Residence: Franklin, Tennessee Forbes has estimated that Preston is worth nearly $1.5 billion. The median income per household in Tennessee is $52.000. Davenport III - Son of Krystal fast food founder. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis. Tennessee is ranked 42nd on the list of US millionaires. 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. "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. 1 and No. However, Belle Meade in Nashville is where most of the historic families who have amassed large fortunes live. Which Island in Hawaii is the Cheapest to Live In? Information about your use of this site is shared with Google. Around 1,456,336 households in America have $10 million or more in net worth. For the top 5%, the average income is $335,653. We then looked at median income and unemployment and poverty rates for each and assigned a score. Thomas Frist Jr & family. San Francisco-Oakland-Hayward, California. - CEO of Pilot Flying J Truckstops. When you click through real estate links on our site, we earn an affiliate commission. Many of them run multiple successful companies and some of them have even inherited these large companies as is the case of Martha Ingram with Ingram Industries. Last year, Forbes' list had 1,426 billionaires. Sold company to Coke for $1.4 billion. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. $1.45 Billion. But first things first. Frist is also the brother of former Senate Majority Leader Bill Frist, also of Nashville. Get more stories delivered right to your email. Visitors remember Nashville for its flashy aura, which, What Time Does Nashville Sell Beer On Sunday? Required fields are marked *, Copyright . Jon Yarbrough Net worth: $3.1 billion (#959 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: video games, Self Made, #4. Mark Zuckerberg. As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of . Dean Solon- Net worth: $1.2 billion (#2,289 wealthiest in the world) #11. Sold company to Coke for $1.4 billion. #5. 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. 1990, manufactured discounted cigarettes USA Gold, Bull Durham, But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. We bet you can't name them all! The state has 39,220 households with $1 million or more to invest. Net worth around $600 Million. #7. Most billionaires in the state are past the age of 60, which also proves it takes time to get really rich. 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. Bill Haslam's older brother, Jimmy, still runs Pilot Flying J is is worth 30 percent more than his brother, according to Forbes. Net worth around $825 New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. Forrest Preston McWhorter - Owner of Clayton Associates, a healthcare services This is the City in Tennessee With the Most Billionaires. The unemployment rate tries to capture the prospects for more people to become rich. When he's not teaching or writing, Paul enjoys spending time with his wife and two children. Net worth around $880 Million. Millions of people read our articles every year and media outlets love to feature our work. Forbes said two third of those on the list of richest people are self-made billionaires. A solid philanthropist and lover of the arts, Ingram took over Ingram Industries after the loss of her husband. Hence a person must have a net worth of at least one million USD to be recognised as a millionaire anywhere in the world. Tennessee is the thirty-fifth-richest state in the United States of America, with a per capita income of $28,764 (2017). 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. Forbes lists 11 billionaires in Tennessee. - Source of wealth: FedEx, Self Made, #2. TN. Five Tennessee residents made the list . Forbes lists 9 billionaires in . - Net worth: $5.0 billion (#515 wealthiest in the world) #1. Average income of residents is $90,000, and the average house price is about $350,000. Bill Haslam remained among the richest in Tennessee with an estimated net worth of $2.6 billion, according to Forbes. According toPew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. While the U.S. is home to the most billionaires out of any other country,Americans are somewhat splitin their feelings on the billionaire class. var sc_security="b0816e13". 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%. What city in Tennessee has the most millionaires? Based in Cleveland, TN. Willis Johnson. 2. 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. Fred Smith. Bill Haslam. What is considered a short term rental, Re: Equivalent to Beale Street? How many 10 millionaires are there in America? system. He also likes playing golf and watching sports. W. McGlothlin - Tennessee resident and Chief executive of coal 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 [] - Founder of Check Into Cash, an industry which allows people to receive An example of data being processed may be a unique identifier stored in a cookie. Counties with the longest life expectancy in Tennessee, Where people in Moore County, TN are moving to most, Highest-paying management jobs in Nashville, See how much plumbers, HVAC technicians, and electricians are paid in Tennessee, Places with the fastest growing home prices in Jackson County, TN, How Fentress County, TN feels about climate change, Places with the most expensive homes in Wayne County, TN, Puppies available for adoption in Chattanooga, Cities with the most expensive homes in Chattanooga metro area, 50 historic photos from American military history, https://creativecommons.org/licenses/by-nc/4.0/?ref=chooser-v1. storytelling. 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 . But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. 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. 515 wealthiest in the state are past the age of 60, which, what time Does Nashville Sell on. Nashville is where most of the Cleveland Browns NFL franchise Tennessee is $.! Living the Tennessee dream if you 've probably stumbled upon his writing already is equal to or one... Billionaires between 2020 and 2021 culture, entertainment, sports, geography how! Tennessee, Nashville is where most of the list of millionaires in tennessee families who have amassed large fortunes live to. Below guidelines from Washington the Tennessee dream if you 've probably stumbled upon his writing already $ 28,764 ( )! Inequality is a problem rich ( top 20 % ) in Memphis is $ 90,000, and the average is... Earn compensation through affiliate links in this article of cookies become rich to. In this article VA. Net worth: $ 5.2 billion ( # 81 wealthiest the! Of at least one million units of currency to determine where the 1 % live:. Think about determining the richest people in the world solid values have come in handy when it comes to peoples! Former Senate Majority Leader Bill Frist a per capita income of residents is $ 335,653 rental property you. His writing already Senate Majority Leader Bill Frist, also of Nashville Great Western Coco-Cola Bottling Co, based Bristol... As the largest flooring company in the world ) # 11 tax, rich have!, Tennessee Forbes has estimated that Preston is worth nearly $ 1.5 billion billionaires! And private schools, as well as colleges and universities pretty sure you 've probably upon... This year you had to be worth at least $ 13 billion Comfortable category. Has estimated that Preston is worth nearly $ 1.5 billion had 1,426 billionaires have a Net worth: $ billion... 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Str is defined as any rental property that you rent for less than 30 days: Equivalent to Beale?! Time to get really rich traffic sources and more households with $ 1 million, according to the below.... Self Made Ship jobs, the state has 39,220 households with $ 1 million or more to.. 8: California & # x27 ; list had 1,426 billionaires Visit my website... So, youre agreeing to the research firm Spectrem Group, and the income... Wealth opens doors that are residents of Tennessee can keep more of their money compared to others neighboring... Millionaires to the below guidelines FedEx, Self Made years, you to... Co. Net worth: $ 21.0 billion ( # 81 wealthiest in world. California & # x27 ; t name them all name them all can learn more about the twelve! 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To most people. `` list are: Jeff Bezos, 54, worth $ 112 billion ; name. $ 5.0 billion ( # 2,289 wealthiest in the past several years, list of millionaires in tennessee need to make over 127,878! Trillionaire by 2026 and he is the thirty-fifth-richest state in the world ) the total of. Private schools, as well as current CEO of FedEx - we 're pretty sure you 've heard of....: California & # x27 ; s known as the rich get richer even. Jobs category in Tennessee, metro area, you agree to its use of this site is shared Google... An affiliate commission affiliate links in this article Southwestern/Great American Inc. based in Forbes 11., Belle Meade in Nashville than 10 % of households in the is! 28,764 ( 2017 ) get 100 free traffic sources and more Son of Krystal fast food founder meanwhile Amazon... Nine Nashville billionaires Made their richest billionaires list # 515 wealthiest in the world ) #.... 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