Manage Settings Allow them to enjoy. Required fields are marked *, Copyright . Forbes lists 11 billionaires in Tennessee. (Correct answer), Tennessee has the eighth lowest percentage of millionaire households in the U.S., according to a report on mainstreet.com. Thomas Frist Jr & family- Net worth: $20.0 billion (#81 wealthiest in the world) In Nashville, an STR is defined as any rental property that you rent for less than 30 days. According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. The 2017 Census lists the Citys population at 71,374. Thomas J. Frist ranks as the wealthiest. An example of data being processed may be a unique identifier stored in a cookie. In comparison, the median income across the state is more than $44,000 dollars. "The economy is doing well, but all Americans aren't doing well.". Most billionaires in the state are past the age of 60, which also proves it takes time to get really rich. Mason Hawkins - The unemployment rate tries to capture the prospects for more people to become rich. This material may not be published, broadcast, rewritten, or redistributed. Net worth around He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Meghan Kraft loves to travel the world, but she makes her home right here in Nashville, Tennessee. Fred Smith Net worth: $5.0 billion (#515 wealthiest in the world) Residence: Memphis, Tennessee Source of wealth: FedEx, Self Made, #1. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. "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. Thomas Frist Jr & family. 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? J.K Rowling. Tennessee is ranked 42nd on the list of US millionaires. var sc_partition=16; Forbes lists 9 billionaires in Tennessee. R.B. Billionaires are ranked by net worth as of June 30. There are more than 130.000 millionaire households in the state of Tennessee. Below you can find the numbers from the Mega Millions draw on January 13th 2023. After we collected the data for all 99 places with more than 5,000 people in Tennessee, we ranked each place from 1 to 99 for each of the criteria, with 1 being the richest. Thank you! Chris Kolmar has been in the real estate business for almost ten years now. Dont buy a teeth whitening gel before reading these reviews. #5. She is best known for her appearance in the movie "Operating Room.". The median income per household in Tennessee is $52.000. 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. Thomas Frist Jr & family Net worth: $15.0 billion (#115 wealthiest in the world) Residence: Nashville, Tennessee Source of wealth: hospitals, Self Made. 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. Although support for individual billionaires like Elon Musk or Bill Gates is relatively strong, many Americans viewthe ultra-richas a group rather than as individualsnegatively. 9. 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. 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. 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. "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. Billion. The town has some retail and commercial areas but is mostly residential. 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. Share of millionaire households 1 . 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. He founded Hospital Corp and he is worth at least $13 billion. Tennessee billionaires you might know Thomas Frist is the richest man in Tennessee. K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. founded Commonwealth Brands tobacco company Kemmons Wilson Family Net worth around $915 You'll receive your first newsletter soon! Jimmy Haslam Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. - Source of wealth: FedEx, Self Made, #2. Arkansas with the second fewest has 35,286. Net worth around $5 Billion. Jack Lupton - Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. My Business Partner Jeff is here to guide you step-by-step. How Can You Avoid Customs Charges from the UK to the US? 1 and No. To make the Forbes 400 list this year you had to be worth at least $2 billion. 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. 3. advanced payments for their upcoming paychecks. Jon Yarbrough. Jon Yarbrough. Join the Memphis Business Journal to unlock even more insights! Millions of people read our articles every year and media outlets love to feature our work. 1. Fred Smith. 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. Were proud of our southern stock, no matter the dollar signs, and are proud to be from the ol Rocky Top. 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? During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. #7. Billy - Net worth: $15.0 billion (#115 wealthiest in the world) 11,000,000: Number of households in the U.S. worth at least $1 million, according to the research firm Spectrem Group. The lowest income to be considered rich (Top 20%) in Memphis is $86,964. As the rich get richer, even those on the list acknowledge that wealth inequality is a problem. #5. Net worth around $470 Willis Johnson. Martha Ingram Net Worth $3.7 Billion She is the former chairman of Vanderbilt University and Ingram industries. Grundy CountyGrundy County has been ranked as the poorest county in Tennessee. created by his father and grandfather. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. 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 [] The CEO of popular Pilot Flying J and owner of the Cleveland Browns is well set when it comes to his bank account. Bon Jovi. Based in Nashville, TN. 8. - Source of wealth: solar systems, Self Made, #9. - CEO of Pilot Flying J Truckstops. Net worth around $880 Million. | 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. Your email address will not be published. Neither these AP materials nor any portion thereof may be stored in a computer except for personal and noncommercial use. TN. - Residence: Cleveland, Tennessee Is the US the Richest Country in the World? But, folks, youre going to need some serious cash if you think youre going to set up shop in The Home to Country Music: the median income in many of Tennessees richest places is north of $100,000/year. This is an archived article and the information in the article may be outdated. Tennessee: 139,335 5.21% 20 #8. Spring Hill. Spring Hill, a suburb of Nashville, is one of the 10 richest cities in Tennessee. Fred Smith is worth at least $6 billion. I wonder how many live in the Nashville area? Willis Johnson- Net worth: $1.9 billion (#1,518 wealthiest in the world) Clayton Bill Haslam. Tim Cook. storytelling. Hotel Management Co. Net worth around $1.2 Also founded drive Home University Of Memphis How Many Millionaires Are In Tennessee? Tennessee Millionaires TENNE$$EE MILLIONAIRE$ Home wHAT IS A MILLIONAIRE? Ms. Barnstable was born on May 23, 1951. Fred Smith. - Residence: Nashville, Tennessee Preston is the CEO and sole owner of the company, which is based in Cleveland, Tennessee. var sc_invisible=1; Bridgeport-Stamford-Norwalk, Connecticut. #7. Morristown was ranked the poorest city in Tennessee in a 24/7 Wall St. analysis examining U.S. municipalities where households earn less than the nations median annual household income of $65,712. Information about your use of this site is shared with Google. - Owner of Life Care Centers of America Nursing Homes. The 10 Richest People in Tennessee What percentage of Americans have a net worth of over $1000000? #9. Net worth around $800 Million. Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. https://journeyz.co/wp-content/cache/breeze-minification/js/breeze_d6f2b5374d4034eccf68622444cf0976.js, The 100 Best Places to Travel in the World. The average income of the top 20% comes in at $172,622. Net worth around $810 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. Net worth around $880 Million. But first things first. What To Plant In September In Tennessee? Tennessee Gov. 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. republish under a Creative Commons License, and we encourage you to #6. In Tennessee, a law was passed that allows for the sale of liquor on Sundays. Thats more than 10% of households in the US. as well as image rights, data visualizations, forward planning tools, 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. Which Island in Hawaii is the Cheapest to Live In? How Do I Establish Residency In Tennessee? Fred Smith. Dunavant - Owner of Dunavant Enterprises, a cotton manufacturer based share our stories with your audience. The median home value in the state is just above $170.000. 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 $900 Million. Willis Johnson. 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. Take for instance this little gem by Nashvilles Fox 17. 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