For the fifth year running, Forbes combed through fortunes across the country to locate the wealthiest resident in every state. While some states are home to multiple high-profile billionaires—the world’s richest and second richest men, Jeff Bezos and Bill Gates, both live in Washington—you only need a nine-figure net worth to take the top spot in Alabama, Alaska, Delaware, New Hampshire, New Mexico and Vermont.

In all, 53 billionaires and centimillionaires made the ranks (three states had ties). Their collective $875 billion net worth bested last year’s $832 billion and set a new record. The top industry to be in is finance and investments (10 list members), followed by fashion and retail (8 members) and food and beverage (5 members). However, big tech is the source of the most massive fortunes: Its four billionaires together are worth $251 billion, accounting more than one fourth of the total combined wealth.

A prolonged slump in energy stocks made Harold Hamm, the founder and CEO of oil and gas company Continental Resources, the biggest percentage loser of the year; his fortune fell 40% to $11.8 billion. Yet when most hedge funds lost money in 2018, the biggest hedge fund of Ken Griffin’s Citadel returned 9.1%, boosting Griffin's net worth 30% to $11.7 billion—making him the biggest gainer.

Hotelier Gary Tharaldson, who has been North Dakota’s richest person since 2015, finally reached the three-comma club, making him the first (and only) billionaire from his home state. Overall, 60% of these business titans created their own fortunes, while 21% inherited them and 19% were handed a business but have actively expanded it.

The Richest Person In Every State

Alabama

Jimmy Rane

^{Net worth: $900 million}

Age: 72

Source of wealth: lumber

Residence: Abbeville, Alabama

Rane is the founder and CEO of Great Southern Wood Preserving, which makes decks, fences and other treated lumber products. He’s better known as “the Yella Fella,” his cowboy alter-ego who appears in the company’s TV commercials. Read More.

Alaska

Leonard Hyde, Jonathan Rubini & families

^{Net worth: $300 million each}

Age: 62, 64

Source of wealth: real estate

Residence: Anchorage, Alaska

Business partners Hyde and Rubini own some of Anchorage’s biggest buildings, including JL Tower and the ConocoPhillips Towers. They also oversee an Alaskan military housing development and hotels in both Alaska and the continental United States. Read More.

Arizona

Ernest Garcia II

^{Net worth: $5.6 billion}

Age: 62

Source of wealth: used cars

Residence: Tempe, Arizona

Garcia is the biggest shareholder of Carvana, an online platform for selling used cars and making auto loans that his son Ernest Garcia III founded. It’s a subsidiary of DriveTime Automotive, the nation’s fourth-biggest used car retailer, which the older Garcia founded and runs. Read More.

Arkansas

Jim Walton

^{Net worth: $51.1 billion}

Age: 71

Source of wealth: Walmart

Residence: Bentonville, Arkansas

Walton is the youngest son of Walmart founder Sam Walton. He runs the family’s Arvest Bank, which boasts assets of more than $16 billion. He sat on Walmart’s board for more than a decade before yielding the seat to his son, Steuart, in June 2016. Read More.

California

Mark Zuckerberg

^{Net worth: $71 billion}

Age: 35

Source of wealth: Facebook

Residence: Palo Alto, California

Zuckerberg started Facebook at Harvard in 2004 at the age of 19 for students to match names with faces in class.He took the social media giant public in May 2012; three years later, he pledged with his wife Priscilla Chan to give away 99% of their stock in their lifetimes. Read More.

Colorado

Philip Anschutz

^{Net worth: $12 billion}

Age: 79

Source of wealth: investments

Residence: Denver, Colorado

One of the richest men in sports, Anschutz owns the L.A. Kings, the L.A. Galaxy, over a quarter of the Lakers, and the Staples Center (home to both the Lakers and the Kings). His Anschutz Entertainment Group operates more than 100 arenas and concert venues worldwide. Read More.

Connecticut

Ray Dalio

^{Net worth: $18.4 billion}

Age: 69

Source of wealth: hedge funds

Residence: Greenwich, Connecticut

Dalio is the founder of the world’s largest hedge fund firm, Bridgewater Associates, which manages $160 billion in assets. He started playing the markets at age 12, getting tips from golfers while he worked as a caddie, then launched Bridgewater from his two-bedroom New York City apartment in 1975. Read More.

Delaware

Robert Gore & Elizabeth Snyder

^{Net worth: $885 million each}

Ages: 82, 72

Sources of wealth: Gore-Tex

Residences: Newark, Delaware & Wilmington, Delaware

Siblings Gore and Snyder each have stakes in W.L. Gore & Associates, a materials firm founded by their parents in 1958 that makes everything from implants in the human body to clothing worn on Mount Everest expeditions. It was Robert who invented Gore-Tex, a waterproof lightweight fabric widely used in outdoor clothing and footwear. Read More.

Florida

Thomas Peterffy

^{Net worth: $18.8 billion}

Age: 74

Source of wealth: discount brokerage

Residence: Palm Beach, Florida

Peterffy is the founder and CEO of publicly traded Interactive Brokers, which markets its specialized trading platform to sophisticated investors. He also owns more than 500,000 acres of timberland in his home state. Peterffy arrived in America in 1965 at age 21, the penniless descendant of Hungarian aristocrats who lost nearly everything to the Soviets. Read More.

Georgia

Jim Kennedy

^{Net worth: $9.2 billion}

Age: 71

Source of wealth: media, automotive

Residence: Atlanta, Georgia

Kennedy is the chairman of Cox Enterprises, the automotive and media company headquartered in Atlanta. Kennedy's grandfather, James M. Cox, founded Cox Enterprises in 1898 when he purchased the Dayton Evening News. Read More.

Hawaii

Pierre Omidyar

^{Net worth: $13.5 billion}

Age: 52

Source of wealth: eBay, PayPal

Residence: Honolulu, Hawaii

Omidyar founded online auction firm eBay in 1995 and now serves on its board. He also co-owns resort properties in southern California and Mexico, and is the founder of First Look Media, the parent company of online news site The Intercept. Read More.

Idaho

Frank VanderSloot

^{Net worth: $3.5 billion}

Age: 70

Source of wealth: nutrition, wellness products

Residence: Idaho Falls, Idaho

VanderSloot founded and runs Melaleuca, which makes more than 400 products ranging from health supplements to eco-friendly household cleaners. Melaleuca sells them directly from the factory to over 1.5 million consumers every month through its online store. He was a national finance co-chair for Mitt Romney’s two presidential bids. Read More.

Illinois

Ken Griffin

^{Net worth: $11.7 billion}

Age: 50

Source of wealth: hedge funds

Residence: Chicago, Illinois

Griffin founded and runs Citadel, a Chicago-based hedge fund that manages $32 billion in assets. He first began trading from his Harvard dorm in 1987, then started his hedge fund three years later. He also owns Citadel Securities, one of Wall Street’s biggest market makers. Read More.

Indiana

Carl Cook

^{Net worth: $9.5 billion}

Age: 56

Source of wealth: medical devices

Residence: Bloomington, Indiana

Cook is the CEO of Cook Group, a $2.4 billion (revenue) medical device manufacturer. His parents started the business in their Bloomington, Indiana, apartment in 1963; Cook took over after his father’s death in 2011. Read More.

Iowa

Harry Stine

^{Net worth: $3.8 billion}

Age: 77

Source of wealth: agriculture

Residence: Adel, Iowa

The son of a hardscrabble farmer, Stine is founder and CEO of Stine Seed Co, which licenses corn and soybean genetics to multinationals like Monsanto and Syngenta. He became fascinated with seeds as a boy and started off working in his father’s soybean cleaning business. Read More.

Kansas

Charles Koch

^{Net worth: $42 billion}

Age: 83

Source of wealth: Koch Industries

Residence: Wichita, Kansas

Koch is the chairman and CEO of Koch Industries, a $110 billion (revenue) conglomerate that makes everything from Dixie cups and Brawny paper towels to fertilizers and air bag fibers. His father, Fred Koch, founded the business in 1940; Charles took over in 1967 and now shares majority control with his younger brother, David. Read More.

Kentucky

Tamara Gustavson

^{Net worth: $5.3 billion}

Age: 57

Source of wealth: self storage

Residence: Lexington, Kentucky

Gustavson is the largest shareholder of Public Storage, which her billionaire father cofounded in 1972. She joined the firm in 1983 and rose to vice president before leaving in 2003 to raise her children. Gustavson owns Spendthrift Farm, the racehorse breeding farm. Read More.

Louisiana

Gayle Benson

^{Net worth: $2.9 billion}

Age: 72

Source of wealth: pro sports teams

Residence: New Orleans, Louisiana

Gayle is the widow of Tom Benson, the former owner of NFL’s New Orleans Saints and NBA’s New Orleans Pelicans (d. March 2018). She succeeded him as owner of both teams after a multiyear dispute with Tom’s daughter and grandchildren that ended in a confidential settlement. Read More.

Maine

Susan Alfond

^{Net worth: $1.7 billion}

Age: 73

Source of wealth: shoes

Residence: Scarborough, Maine

Alfond and her three siblings inherited a fortune created by their father, Harold Alfond, who started Dexter Shoe Co. six decades ago. In 1993, Harold sold the company to Warren Buffett’s Berkshire Hathaway for $420 million in stock; the shares are now worth billions of dollars. Read More.

Maryland

Ted Lerner & family

^{Net worth: $5.1 billion}

Age: 93

Source of wealth: real estate

Residence: Chevy Chase, Maryland

Lerner owns 20 million square feet of commercial and retail space, plus hotels and apartments, primarily in the Washington, D.C., area. He borrowed $250 from his wife to start a real estate company in 1952, first selling homes for developers then became a builder. Read More.

Massachusetts

Abigail Johnson

^{Net worth: $14.7 billion}

Age: 57

Source of wealth: money management

Residence: Milton, Massachusetts

Johnson is the chairman and CEO of Fidelity Investment, the Boston-based mutual fund giant that has $2.7 trillion in managed assets. She took over from her father, Edward Johnson III, in 2014 and has worked full-time for the company since 1988. Read More.

Michigan

Daniel Gilbert

^{Net worth: $6.8 billion}

Age: 57

Source of wealth: Quicken Loans

Residence: Franklin, Michigan

Gilbert cofounded what would become Quicken Loans, America’s largest online mortgage lender, in 1985. He sold it to Intuit for $532 million in 1999, but bought it back three years later for $64 million. He has invested $2.5 billion to purchase and rehab buildings in downtown Detroit. He also owns the NBA’s Cleveland Cavaliers. Read More.

Minnesota

Glen Taylor

^{Net worth: $2.9 billion}

Age: 78

Source of wealth: printing

Residence: Mankato, Minnesota

Taylor bought a wedding service business for $2 million in 1975 and turned it into Taylor Corp., a printing firm with over $2 billion in sales. He also owns stakes in NBA’s Timberwolves, WNBA’s Lynx and Minneapolis Star Tribune, which he bought in 2014 for about $100 million. Read More.

Thomas Duff & James Duff

^{Net worth: $1.35 billion each}

Ages: 62, 58

Source of wealth: tires, diversified

Residence: Hattiesburg, Mississippi

The brothers founded and co-own Duff Capital Investors, a $2.6 billion (revenue) holding company. The firm’s biggest asset is commercial tire dealer Southern Tire Mart, which was founded by their father Ernest Duff in 1973. Read More.

Missouri

Pauline Macmillan Keinath

^{Net worth: $6.9 billion}

Age: 85

Source of wealth: Cargill

Residence: St. Louis, Missouri

MacMillan Keinath is believed to be the largest shareholder of Cargill, the biggest private company in America. Her great-grandfather, W.W. Cargill, founded the business as a single grain warehouse on the end of an Iowa railroad line in 1865. The Cargill and MacMillan families are no longer involved in management, but together they still own roughly 90% of the company. Read More.

Montana

Dennis Washington

^{Net worth: $6.2 billion}

Age: 84

Source of wealth: construction, mining

Residence: Missoula, Montana

A one-time heavy crane operator, Washington parlayed an early love of machinery into a diversified business group called Washington Companies. Among its businesses are a copper mine and a regional railroad, plus stakes in two diamond mines. Read More.

Nebraska

Warren Buffett

^{Net worth: $85 billion}

Age: 88

Source of wealth: Berkshire Hathaway

Residence: Omaha, Nebraska

Buffett, the CEO and chairman of conglomerate Berkshire Hathaway, is one of the most successful investors of all time. His company owns more than 60 companies, including Geico, Duracell and Dairy Queen. He’s promised to give away over 99% of his fortune and has already donated $3.5 billion in his lifetime. Read More.

Nevada

Sheldon Adelson

^{Net worth: $35.7 billion}

Age: 85

Source of wealth: casinos

Residence: Las Vegas, Nevada

Adelson, the chairman and CEO of Las Vegas Sands, owns more than half of the $14 billion (revenue) gambling empire that spans the U.S. and Asia. A big donor to Jewish causes and the Republican party, Adelson also owns the Las Vegas Review-Journal. Read More.

New Hampshire

Andrea Reimann-Ciardelli

^{Net worth: $720 million}

Age: 62

Source of wealth: consumer goods

Residence: Hanover, New Hampshire

German heiress, and now U.S. citizen, Reimann-Ciardelli sold her stake in the family’s Luxembourg-based investment firm, JAB, to other family members in 2003. The conglomerate owns stakes in dozens of international brands, including hygiene and home products giant Reckitt Benckiser and beauty company Coty. Read More.

New Jersey

John Overdeck

^{Net worth: $6.1 billion}

Age: 49

Source of wealth: hedge funds

Residence: Millburn, New Jersey

Overdeck is the cofounder of Two Sigma Investments, a data-driven hedge fund that manages $57 billion in assets. He began his career at quantitative hedge fund D.E. Shaw, then spent two years working for Amazon before starting his own firm with fellow billionaire David Siegel in 2001. Read More.

New Mexico

Mack C. Chase

^{Net worth: $700 million}

Age: 88

Source of wealth: oil

Residence: Artesia, New Mexico

Chase made his fortune in the Permian Basin oil fields in Texas and New Mexico. He first cofounded Marbob Energy, which offered pumping services to well owners, then struck out on his own with Mack Energy Corp. in 1988. Read More.

New York

Michael Bloomberg

^{Net worth: $53.8 billion}

Age: 77

Source of wealth: Bloomberg LP

Residence: New York, New York

Bloomberg cofounded financial information and media company Bloomberg LP in 1981. He put in the seed funding for the company and now owns 88% of the business, which has revenues north of $9 billion. Bloomberg also served as mayor of New York City for three terms. Read More.

North Carolina

James Goodnight

^{New worth: $9.1 billion}

Age: 76

Source of wealth: software

Residence: Cary, North Carolina

Goodnight cofounded analytics software firm SAS in 1976 with John Sall, whom he met while a Ph.D. student at North Carolina State University. Its products are now used by more than 83,000 organizations around the world, and it generates over $3.2 billion in annual revenue. Read More.

North Dakota

Gary Tharaldson

^{Net worth: $1 billion}

Age: 73

Source of wealth: hotels

Residence: Fargo, North Dakota

Tharaldson is North Dakota’s first billionaire. He sold his first hotel portfolio in 2006 for $1.2 billion, but he has since built more properties and now runs over 40 hotels in 14 states. He also owns a massive aquifer in Arizona and a North Dakota ethanol plant. Read More.

Ohio

Les Wexner & family

^{Net worth: $4.7 billion}

Age: 81

Source of wealth: retail

Residence: New Albany, Ohio

Wexner founded and runs L Brands, the $12.6 billion (revenue) global retail empire that includes Victoria’s Secret and Bath & Body Works. He got his start in 1963, when he used a $5,000 loan from his aunt to open The Limited, which sold fast-moving items like shirts and pants. Today L Brands has over 3,000 stores worldwide. Read More.

Oklahoma

Harold Hamm & family

^{Net worth: $11.8 billion}

Age: 73

Source of wealth: oil & gas

Residence: Oklahoma City

The fracking pioneer runs Continental Resources, one of the nation’s biggest independent oil companies. Continental produces more than 200,000 barrels per day, much of it from North Dakota’s Bakken formation. The thirteenth child of Oklahoma sharecroppers, Hamm picked cotton barefoot as a child and started working at a gas station at age 16 to support his family. Read More.

Oregon

Phil Knight & family

^{Net worth: $35 billion}

Age: 81

Source of wealth: Nike

Residence: Hillsboro, Oregon

Knight, who ran track at the University of Oregon, started the predecessor to sports apparel giant Nike with his former track coach Bill Bowerman. Knight, who later bought out his partner, ran the sports giant for 52 years. He retired in June 2016 but, with his family, remains the biggest shareholder in the $36.4 billion (revenue) business. Read More.

Pennsylvania

Victoria Mars

^{Net worth: $7 billion}

Age: 62

Source of wealth: candy, pet food

Residence: Philadelphia, Pennsylvania

Mars is a great-granddaughter of Frank Mars, who in 1911 founded the candy company known for M&Ms and Milky Way bars. She inherited her estimated 8% stake in Mars Inc. after her father Forrest Mars Jr. died in 2016. Read More.

Rhode Island

Jonathan Nelson

^{Net worth: $1.8 billion}

Age: 63

Source of wealth: private equity

Residence: Providence, Rhode Island

Nelson is the founder and CEO of Providence Equity Partners, the private equity firm he started in 1989. Providence has invested in more than 180 companies—many in the media, communications, education and information industries—including Hulu and the Ironman triathlon. Read More.

South Carolina

Anita Zucker

^{Net worth: $1.8 billion}

Age: 67

Source of wealth: chemicals

Residence: Charleston, South Carolina

Zucker is the CEO of InterTech Group, a private, family-owned chemicals manufacturer founded by her husband, Jerry Zucker (d.2008). The Charleston, South Carolina-based company also owns an aerospace engineering firm and extensive commercial real estate. Read More.

South Dakota

T. Denny Sanford

^{Net worth: $2.5 billion}

Age: 83

Source of wealth: banking, credit cards

Residence: Sioux Falls, South Dakota

Sanford owns First Premier Bank, which specializes in offering credit cards to high-risk borrowers and is one of the largest issuers of Visa and Mastercards. An active philanthropist, Sanford has so far given away more than $1.6 billion to charity. Read More.

Tennessee

Thomas Frist Jr. & family

^{Net worth: $11.7 billion}

Age: 80

Source of wealth: hospitals

Residence: Nashville, Tennessee

Frist Jr. founded HCA Healthcare, an operator of hospitals and surgical centers in the U.S. and London, with his father in 1968. Though Frist Jr. no longer holds an executive position at the public company, which owns and operates 179 hospitals and 119 surgical centers, his two sons are board members. Read More.

Texas

Alice Walton

^{Net worth: $50.1 billion}

Age: 69

Source of wealth: Walmart

Residence: Fort Worth, Texas

Walton is the only daughter of Walmart founder Sam Walton. She has focused on curating art, rather than working for Walmart like her siblings, Rob and Jim. In 2011 she opened the Crystal Bridges Museum of American Art in her hometown, Bentonville, Arkansas. The museum features works from the likes of Andy Warhol, Norman Rockwell and Mark Rothko. Read More.

Utah

Gail Miller

^{Net worth: $1.5 billion}

Age: 75

Source of wealth: car dealerships

Residence: Salt Lake City, Utah

Miller and husband Larry (d. 2009) turned a single Toyota dealership into a $5.1 billion (estimated revenue) operation with 64 dealerships. The Millers also purchased NBA’s Utah Jazz in 1986 for $22 million; the team is now worth $1.4 billion, according to Forbes. Read More.

Vermont

John Abele

^{Net worth: $640 million}

Age: 82

Source of wealth: health care

Residence: Shelburne, Vermont

Abele cofounded medical device manufacturer Boston Scientific in 1979 to provide less invasive, more accessible treatments. He retired in 2005 and soon began selling most of his shares so that he now only has a tiny stake. These days he’s busy with a second career of philanthropy and early venture investing; he and AOL cofounder Steve Case recently invested alongside one another in edtech startup Knowledgehook. Read More.

Virginia

Jacqueline Mars

^{Net worth: $28.1 billion}

Age: 79

Source of wealth: candy, pet food

Residence: The Plains, Virginia

Mars owns an estimated one third of Mars Inc., the world’s largest candy maker, founded by her grandfather. She worked for the company for nearly 20 years and served on the board until 2016. Read More.

Washington

Jeff Bezos & family

^{Net worth: $157 billion}

Age: 55

Source of wealth: Amazon

Residence: Seattle, Washington

The richest person in the world, Bezos is the founder and CEO of e-commerce giant Amazon, which pulled in $230 billion in revenues and $10 billion in net profit in 2018. He and his wife, MacKenzie, are divorcing after 25 years of marriage. Bezos announced in April he will transfer a quarter of his 16% stake in Amazon to her when the divoce goes through. Read More.

West Virginia

Jim Justice II

^{Net worth: $1.5 billion}

Age: 68

Source of wealth: coal

Residence: Lewisburg, West Virginia

Justice is the governor of West Virginia and the state’s only billionaire. He made his fortune in coal and owns the Greenbrier resort. Yet he’s had a hard time paying the bills: Since 2016, he's been hit with over $10 million court-ordered penalties and $13 million in tax-related liens. Read More.

Wisconsin

John Menard Jr.

^{Net worth: $11.4 billion}

Age: 79

Source of wealth: home improvement stores

Residence: Eau Claire, Wisconsin

Menard Jr.'s namesake home improvement retailer brings in an estimated $10 billion in sales from over 300 locations. His stores, which compete with Home Depot and Lowe’s, are concentrated in the middle of the U.S., spanning from Wyoming to Ohio. Read More.

Wyoming

John Mars

^{Net worth: $28.1 billion}

Age: 83

Source of wealth: candy, pet food

Residence: Jackson, Wyoming

John and his siblings Jacqueline and Forrest Jr. (d. 2016) each inherited an estimated one third stake in candy firm Mars Inc. when their father died in 1999. The company’s first big hit was the Milky Way candy bar, introduced in 1923. Read More.

Methodology

This is our fifth year compiling a list of the richest person in every state. Several of the members of this group also appear on the Forbes World’s Billionaires List, which is published in March, and The Forbes 400 list of the richest Americans, which comes out in October. For the richest in state package, we update the net worths of the billionaires we are constantly tracking to make sure we have the latest figures. We then spend a significant amount of time hunting for the richest centimillionaires in the states with no billionaires. Our estimates represent a snapshot of wealth as of June 21, 2019. The net worth of anyone in this group can change materially within days or weeks.

Credits

Editors

Noah Kirsch and Jennifer Wang with assistance from Kerry A. Dolan.

Reporters

Angel Au-Yeung, Madeline Berg, Deniz Cam, Carter Coudriet, Hayley Cuccinello, Lauren Debter, Christopher Helman, Max Jedeur-Palmgren, Andrea Murphy, Samantha Sharf, Kristin Stoller, Nathan Vardi, and Will Yakowicz. Research by Susan Radlauer.