Who Is the Richest Person in Each State?

Nasdaq: MSFTWant to know who is the richest person in each state?

For the first time in its 98-year history, Forbes has compiled the data and published it on April 29. Up until now, the publication released "The World's Billionaires" list, an annual ranking of the world's wealthiest people, since 1987. But this breakdown of the richest person in every state is a new, more specific take on the wealthy.

Now inquisitive people across the nation are free to compare their own fortunes to those of the top dogs in their respective states.

For Maryland, where Money Morning operates, it's Ted Lerner -- an 89-year-old self-made real estate tycoon worth $5 billion. Lerner is a lesser-known name on this list. You may find names like New York's David Koch, Washington's Bill Gates, or Nebraska's Warren Buffett more recognizable.

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Before you start fishing below, here are a few interesting tidbits Forbes noted:

  • Only 10 out of 50 of the richest people on this list are "largely do-nothing heirs." The rest are either self-made or inherited but vastly grew their wealth.
  • 10 fortunes on the list rank among the largest 20 in America.
  • Only six states have no billionaires -- Alabama, Alaska, Delaware, New Mexico, North Dakota, and Vermont.
  • The richest rich person on the list is Microsoft Corp. (Nasdaq: MSFT) co-founder Bill Gates, with a $78.8 billion fortune. In fact, Gates is currently the richest person in the world. Between 2013 and 2014, he tacked a whopping $15 billion onto his total wealth -- $1.5 billion more than the entire GDP of Iceland in 2014.
  • The poorest rich person is Robert (Bob) Gillam, founder of investment management firm McKinley Capital Management LLC.

Now, go forth and behold who is the richest person each state has to offer right now -- and exactly how they cashed in...

Show Me the Money: Who Is the Richest Person in Each State?

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*Data compiled by Forbes, April 29, 2015.

State Name Net Worth Origin of Wealth
Alabama Garry Drummond $980 M Drummond Company Inc. - Coal
Alaska Robert Gillam $320 M McKinley Capital Management LLC - Money management
Arizona Bruce Halle $6 B Discount Tire Co. Inc. - Tires
Arkansas Jim Walton $37.6 B Wal-Mart Stores Inc. (NYSE: WMT) - Retail
California Larry Ellison $52.8 B Oracle Corp. (NYSE: ORCL) - Computer technology
Colorado Charles Ergen $18.2 B Dish Network Corp. (Nasdaq: DISH) - Satellite television provider
Connecticut Ray Dalio $15.4 B Bridgewater Associates - Hedge funds
Delaware Robert Gore $675 M L. Gore & Associates Inc. -Gore-Tex
Delaware Elizabeth Snyder $675 M L. Gore & Associates Inc. -Gore-Tex
Florida Micky Arison $7.4 B Carnival Corp. (NYSE: CCL) - Cruises
Georgia Anne Cox Chambers $17 B Cox Enterprises - Media
Hawaii Pierre Omidyar $8.1 B eBay Inc. (Nasdaq: EBAY) - Online auctioneer
Idaho Scott Simplot $2.3 B J.R. Simplot Co. - Frozen French fries and fertilizer
Illinois Ken Griffin $6.6 B Citadel LLC - Hedge funds
Indiana Carl Cook $6.7 B Cook Group - Medical devices
Iowa Harry Stine $3.4 B Stine Seed - Agriculture
Kansas Charles Koch $42.7 B Koch Industries Inc. - Diversified
Kentucky Wayne Hughes $2.5 B Public Storage (NYSE: PSA) - Storage
Louisiana Tom Benson $1.9 B Owner, New Orleans Saints and New Orleans Pelicans
Maine Bill Alfond $1.2 B Dexter Shoe Co. - Shoes
Maine Susan Alfond $1.2 B Dexter Shoe Co. - Shoes
Maryland Ted Lerner $5 B Lerner Enterprises - Real estate; Owner, Washington Nationals
Massachusetts Abigail Johnson $13.4 B Fidelity Investments - Money management
Michigan Hank & Doug Meijer $10.1 B Meijer Inc. - Supermarkets
Minnesota Whitney MacMillan $4.7 B Cargill Inc. - Agriculture
Mississippi Leslie Lampton $1 B Ergon Inc. - Oil refining, chemicals
Missouri Jack Taylor $12.7 B Enterprise Holdings Inc. -Enterprise Rent-A-Car
Montana Dennis Washington $5.8 B Washington Companies - Construction, mining
Nebraska Warren Buffett $70.2 B Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) - Multinational conglomerate
Nevada Sheldon Adelson $29.7 B Las Vegas Sands Corp. (NYSE: LVS) - Casinos
New Hampshire Andrea Reimann-Ciardelli $1 B JAB Holding Co. - Consumer goods
New Jersey David Tepper $10.4 B Appaloosa Management - Hedge funds
New Mexico Mack C. Chase $650 M Mack Energy Corp. - Oil
New York David Koch $42.7 B Koch Industries Inc. - Diversified
North Carolina James Goodnight $7.5 B SAS Institute - Software
North Dakota Gary Tharaldson $930 M Tharaldson Motels Inc. - Hotels
Ohio Leslie "Les" Wexner $7.5 B L Brands Inc. (NYSE: LB) - Retail (The Limited, Victoria's Secret, Bath & Body Works, and more)
Oklahoma Harold Hamm $13.3 B Continental Resources Inc. (NYSE: CLR) - Oil & gas
Oregon Phil Knight $22.9 B Nike Inc. (NYSE: NKE) - Athletic apparel
Pennsylvania Mary Alice Dorrance Malone $3.2 B Campbell Soup Co. (NYSE: CPB) - Food
Rhode Island Jonathan Nelson $2.1 B Providence Equity Partners Inc. - Private equity
South Carolina Anita Zucker $2.2 B Hudson's Bay Company (HBC) - Retail (Saks Fifth Avenue, Lord & Taylor, and more.)
South Dakota Denny Sanford $1.4 B United National Corp. - Banking, credit cards
Tennessee Thomas Frist, Jr. $8.2 B Hospital Corporation of America - Healthcare
Texas Alice Walton $36.4 B Wal-Mart Stores Inc. - Retail
Utah Jon Huntsman $1.1 B Huntsman Corp. (NYSE: HUN) - Chemicals
Vermont John Abele $600 M Boston Scientific Corp. (NYSE: BSX) - Medical devices
Virginia Jacqueline Mars $26.8 B Mars Inc. - Candy
Washington Bill Gates $78.8 B Microsoft Corp. - Computer technology
West Virginia Jim Justice, II $1.7 B Justice Companies Inc. - Coal; Greenbrier Resort
Wisconsin John Menard, Jr. $9.1 B Menard Inc. - Home retail
Wyoming Christy Walton $39.1 B Wal-Mart Stores Inc. - Retail

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