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. Forrest Preston - Net worth: $1.1 billion (#2,359 wealthiest in the world) - Residence: Cleveland, Tennessee - Source of wealth: health care, Self Made #10. My Business Partner Jeff is here to guide you step-by-step. Thomas J. Frist ranks as the wealthiest. To publish, simply grab the HTML code or text to the left and paste into 1.2% (year: 2018) Memphis is well known for its cultural contributions to the identity of the American south and barbequing cuisine. Get more stories delivered right to your email. He founded Hospital Corp and he is worth at least $13 billion. We took a look at the latest Census data from the American Community Survey for 99 Tennessee cities with 5,000 residents. Also founded drive thru fast food chain Central Park. "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. Also founded drive What city in Tennessee has the most millionaires? As a result, billionaires such as Forrest Preston, the Cleveland, Tenn., businessman who started Life Care Centers of . Who is the richest family in Tennessee? The unemployment rate tries to capture the prospects for more people to become rich. Smith is the founder as well as current CEO of FedEx - we're pretty sure you've heard of it. 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. Manage Settings - Residence: Cleveland, Tennessee This is an archived article and the information in the article may be outdated. 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 [] Allow them to enjoy. Chuck Feeney. New York was second, with 135 resident billionaires which was a larger jump over third-placed Florida, with 78. He's known as the founder of FedEx. Who is the richest person in Chattanooga? Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. Warren Buffet. Jon Yarbrough- Net worth: $3.2 billion (#912 wealthiest in the world) The Haslam family sold 38.6 percent of the company last fall to Warren Buffett's Berkshire Hathaway. Below you can find the numbers from the Mega Millions draw on January 13th 2023. Bill Haslam- Net worth: $2.5 billion (#1,152 wealthiest in the world) Facebook founder Mark Zuckerberg is the fifth richest person in the world, with a net worth of $71 billion. San Francisco-Oakland-Hayward, California. Former 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. 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. Net worth: $15.0 billion (#115 wealthiest in the world), #1. (Solution). 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? Hackney Co. based in Knoxville, TN. 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. based in Cleveland, Real Estate. These are ten of the richest people who live in Tennessee. Summerfield 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. - Net worth: $21.0 billion (#81 wealthiest in the world). All rights reserved. Average kindergarten and elementary teacher salary: $58,230. What city in Tennessee has the most millionaires? Jimmy Haslam Net worth: $3.8 billion (#747 wealthiest in the world) Residence: Knoxville, Tennessee Source of wealth: gas stations, retail, #2. wealthiest people in the state of Tennessee: Thomas Forbes lists 11 billionaires in Tennessee. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Owns 71% of Kentucky Downs racetrack; also holds minor stake 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. This site uses cookies from Google to deliver its services and to analyze traffic. var sc_invisible=1; The state has 39,220 households with $1 million or more to invest. 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. based in Knoxville, TN. in Memphis, TN. J.K Rowling. Fred Smith Net worth: $5.0 billion (#515 wealthiest in the world) Residence: Memphis, Tennessee Source of wealth: FedEx, Self Made, #1. - Residence: Knoxville, Tennessee According toPew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. - Source of wealth: tobacco, Self Made, #5. Based in Cleveland, TN. worth about $3.4 Billion. 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? In doing so, youre agreeing to the below guidelines. 1. Five Tennessee residents made the list . Net worth around $2.3 Billion. During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth. 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. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Three billionaires live in Nashville with a combined net worth of $20.7 billion. Clayton 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. Net worth around $2 Billion. Part 1 or Part 2 of Morant over, Grizzlies help refurbish Springdale Elementary for, Morant returns, scores 38 in Grizzlies 8th straight, Kendric Davis buzzer beater lift Tigers over Temple,, Davis scores 42 but the Tigers fall in 2OT at UCF, Lorenzen Wrights jersey retirement scheduled, Second half comeback gives Tigers edge over Pirates, Tigers defeat SMU for first AAC win of season, Kendric Davis named to Wooden Award Midseason Top, Tigers open new year with disappointing loss at Tulane, Davis delivers in win over South Florida; Hes a, Musk says Biden may try to weaponize government, Bank of America customers report missing money, Students injured by shattered window during Newport, Grandma, teen fast friends after he returns lost, Morant gives girl jersey, Nike shoes after ball stolen, Do Not Sell or Share My Personal Information. Why Was Nashville Named After Francis Nash? Thats 1.13% of American households. OnlyInYourState may earn compensation through affiliate links in this article. According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. K. Johnston Jr. - Heir to the Coca-Cola bottling fortune. Hence a person must have a net worth of at least one million USD to be recognised as a millionaire anywhere in the world. Now, the bad news: Nashvilles metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. These billionaires prove you can get rich in Tennessee. Jimmy Haslam is also majority owner of the Cleveland Browns NFL franchise. 1. Jack Lupton - 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. Forbes lists 11 billionaires in Tennessee. There are more than 130.000 millionaire households in the state of Tennessee. Thefirst billionaire everis thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. You can learn more about the top ten below or skip to the end to see the rankings for all 99 places. Frist Jr. - largest individual shareholder of HCA, a healthcare The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. Net worth around $1.5 Billion. He also likes playing golf and watching sports. Stacker believes in making the worlds data more accessible through Tennessee is known as being an intensely conservative state, one that values financial independence, small government and down-home values. For the top 5%, the average income is $335,653. "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. - Source of wealth: FedEx, Self Made, #2. Your email address will not be published. What Airlines Fly Into Chattanooga Tennessee? Does Nashville have, Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779. Brad Kelley. - Residence: Knoxville, Tennessee 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. In 2017, Forbes tallied that group at $2.4 trillion, said Buffett. Davenport III - Son of Krystal fast food founder. The population is just under 40,000. Forrest Preston- Net worth: $1.1 billion (#2,359 wealthiest in the world) When you click through real estate links on our site, we earn an affiliate commission. Forbes lists 11 billionaires in Tennessee. This means that the style of clothing in Nashville is relatively casual, and most people dress in jeans and a nice top when they go out. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr is the wealthiest, worth an estimated $8.2 billion. Total net worth for this year's crop of billionaires is $6.4 trillion, up from $5.4 trillion last year. Nashville In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. How many billionaires are there in Tennessee? - Net worth: $5.0 billion (#515 wealthiest in the world) #1. Bridgeport-Stamford-Norwalk, Connecticut. Share of millionaire households 1 . Copyright 2023, Chattanooga Times Free Press, Inc. How many millionaires live in Nashville TN? The CEO of popular Pilot Flying J and owner of the Cleveland Browns is well set when it comes to his bank account. 6. HomeSnacks is reader-supported. 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. John Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr. is the wealthiest, worth an estimated $8 . - Residence: Memphis, Tennessee Florida Agricultural And Mechanical University, Indiana University Purdue University Indianapolis, Massachusetts Institute Of Technology (Mit), Missouri University Of Science And Technology, State University Of New York Health Science Center At Brooklyn, Suny College Of Environmental Science And Forestry, The University Of North Carolina At Charlotte, The University Of Texas Health Science Center At Houston, The University Of Texas Health Science Center At San Antonio, The University Of Texas M. D. Anderson Cancer Center, The University Of Texas Medical Branch At Galveston, The University Of Texas Rio Grande Valley, Uniformed Services University Of The Health Sciences, University At Buffalo Suny School Of Engineering And Applied Sciences, University Of California, Los Angeles (Ucla), University Of Illinois At Urbana Champaign, University Of Maryland Baltimore County (Umbc), University Of Massachusetts Medical School Worcester, University Of Tennessee Health Science Center, University Of Texas Southwestern Medical Center. 11,000,000: Number of households in the U.S. worth at least $1 million, according to the research firm Spectrem Group. - Net worth: $5.2 billion (#547 wealthiest in the world) #1. system. Bon Jovi. Jimmy Haslam. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing. Thomas Frist Jr & family. How much do you have to make to be rich in Nashville? - Net worth: $15.0 billion (#115 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. Forbes has estimated that Preston is worth nearly $1.5 billion. - Founder of FedEx Corp based in Memphis, TN. "The economy is doing well, but all Americans aren't doing well.". Hawkins owns the Southeaster Asset Management Group and just barely scrapes in at our top five - but he's not really scraping by at all, if you ask us. Arkansas with the second fewest has 35,286. TN. What is the richest small town in America? Bill Gates. This is our tenth time ranking the richest cities in Tennessee. She is an actress who was born in Louisville, Kentucky. 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. The median home value in the state is just above $170.000. Net worth around $520 Million. 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. Last year, Forbes' list had 1,426 billionaires. Clayton - Founder of Clayton Homes/FSB Bancshares based in Knoxville, However, a few outliers exist in suburban and even rural areas. Net worth around $900 Million. Willis Johnson. - Net worth: $21.0 billion (#81 wealthiest in the world) In Nashville, an STR is defined as any rental property that you rent for less than 30 days. 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. Thank you! Who is the richest person in Knoxville tn? However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Mark Zuckerberg. In Tennessee, a law was passed that allows for the sale of liquor on Sundays. #11. Two Tennessee cities made the list Memphis (47) and Nashville (26). Mason Hawkins - We suggest that you crank some Dolly, grab a quiet spot next to the Cumberland River in Nashville, and read on. Michael Buble.. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. Is the US the Richest Country in the World? The 10 Richest People in Tennessee Patricia Barnstable is one of the richest people in Kentucky. In total, there are 9 Tennessee billionaires on the Forbes list. According to the latest data, Nolensville, has earned this honor. So the US is definitely the country with the most millionaires. Net worth around $880 Million. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. - Residence: Chattanooga, Tennessee advanced payments for their upcoming paychecks. Editors Note: Data has been updated for 2023. Did You Know All Of This About Vanderbilt University? How much does a Comfortable make in Tennessee? R.B. in Churchill Downs, venue of Kentucky Derby. https://journeyz.co/wp-content/cache/breeze-minification/js/breeze_d6f2b5374d4034eccf68622444cf0976.js, The 100 Best Places to Travel in the World. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number. When he's not teaching or writing, Paul enjoys spending time with his wife and two children. The concentration of millionaires to the total number of people in Tennessee is 5%, which is under the national US average. Want to know more? So we looked at this set of criteria from the newly released 2017-2021 American Community Survey: Median household income is the most digestible way to understand how rich a place really is. Willis Johnson. $1.45 Billion. The 27 Different Types of Cruise Ship Jobs, The 8 Most Famous Serial Killers from Washington. your CMS. But first things first. - Source of wealth: video games, Self Made, #4. Bill Haslam's older brother, Jimmy, still runs Pilot Flying J is is worth 30 percent more than his brother, according to Forbes. And if you dont find what youre looking for there, head to the bottom. Tennessee Millionaires TENNE$$EE MILLIONAIRE$ Home wHAT IS A MILLIONAIRE? After all, rich people have really high salaries. By using this site, you agree to its use of cookies. The Volunteer State has 88,284 millionaires, or 3.53 percent of all households. Bill Haslam. Martha Rivers Three more . #9. Your email address will not be published. Who is the richest person in Chattanooga TN? These are the five winning numbers and Mega Ball that you need to match to win a prize for the draw on January 13th. Tennessee is ranked 42nd on the list of US millionaires. #7. Some have earned it honestly and honorably, for some it is old family money and some may have just won a lottery. What Is The Minimum Gpa To Graduate At Memphis? As mentioned before, Nashville is a city known for its music. But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. founded Commonwealth Brands tobacco company wWW.umartate.com Visit my affiliate website and learn how to get 100 free traffic sources and more. He also owns almost two million multi-state acres of land. Dont buy a teeth whitening gel before reading these reviews. A solid philanthropist and lover of the arts, Ingram took over Ingram Industries after the loss of her husband. The U.S.s wealthiest billionaires are mostly concentrated within justa couple of industries: finance and investments, and technology. Tennessee is ranked 42nd on the list of US millionaires. What Is There To Do In Nashville On Christmas 2021? But without a broad-based tax, rich people of Tennessee can keep more of their money compared to others from neighboring states. share our stories with your audience. You should explain the value of the donor's contribution. In total, there are 9 Tennessee billionaires on the Forbes list. Tennessee: 139,335 5.21% 20 Forbes lists 9 billionaires in Tennessee. Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. This is the equivalent of $761/week or $3,299/month. thru fast food chain Central Park. An example of data being processed may be a unique identifier stored in a cookie. Teacher. Brad Kelley Net worth: $2.7 billion (#1,103 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: tobacco, Self Made, #5. If you tell people that you live in one of Tennessees richest places, they will think that you are crazy rich. To be considered rich in the Nashville, Tennessee, metro area, you need to make over $127,878. The Holiday Inn founders are based out of Memphis, TN. SouthlakeMost Affluent Small Cities: 30,000 to 50,000 Residents. The Volunteer State has. Brad Kelley. Owners of Wilson Spring Hill. Forrest Preston We bet you can't name them all! Grundy CountyGrundy County has been ranked as the poorest county in Tennessee. The investor also noted that in 1982, according to Forbes, the richest 400 Americans were worth $93 billion. 1 and No. 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. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. What is the wealthiest county in Tennessee? Ted Turner. The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. Nolensville. Rich people not your cup of tea? Where do millionaires live in Tennessee? 9. Three billionaires live in Nashville with a combined net worth of $20.7 billion. Millionaires of the 50 States, Listed by Number Per 1,000 Households in a State, from NETSTATE.COM HOME There are more than 130.000 millionaire households in the state of Tennessee. Brad Kelley. Net worth around $880 Million. 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. #8. Thomas Frist Jr & family. Franklin, Tennesse has another three billionaires with approximately a third of Nashville's combined wealth. How Much Does a Hotel Room Cost Per Night? Will MPD release footage of Tyre Nichols arrest? 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. We then looked at median income and unemployment and poverty rates for each and assigned a score. 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. Davenport III - Son of Krystal fast food founder. Sold company to Coke for $1.4 billion. The median income per household in Tennessee is $52.000. Our team of experts has selected the best teeth whitening gel out of hundreds of options. How Do You Experience Music In Nashville? 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? Net worth around restrictions, which you can review below. - Residence: Nashville, Tennessee Jack Lupton Gandson of founder of Great Western Coco-Cola Bottling Co, based in Chattanooga, TN. Where do millionaires live in Tennessee? 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. What Is Considered A Short Term Rental In Nashville Tn? Thomas Frist Jr & family. Tennessee is ranked 42nd on the list of US millionaires. Average income of residents is $90,000, and the average house price is about $350,000. Were proud of our southern stock, no matter the dollar signs, and are proud to be from the ol Rocky Top. Today, Franklin is one of the wealthiest cities in one of the wealthiest counties in the United States. Join the Memphis Business Journal to unlock even more insights! And, folks, there are some super rich places in Tennessee that are snack worthy. Dunavant - Owner of Dunavant Enterprises, a cotton manufacturer based - Source of wealth: solar systems, Self Made, #9. 8. 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%. Frist is also the brother of former Senate Majority Leader Bill Frist, also of Nashville. As of May 20, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $39,591 a year. The top 10 billionaires on the list are: Jeff Bezos, 54, worth $112 billion. Hotel Management Co. Net worth around $1.2 A total of three billionaires live in Nashville with a combined net worth of $20.7 billion. company. 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. #2. How many households are millionaires in Tennessee? 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. Net worth around $810 var sc_security="b0816e13". Bill Sansom Forbes lists 11 billionaires in Tennessee. This document may not be reprinted without the express written permission of Chattanooga Times Free Press, Inc. Material from the Associated Press is Copyright 2023, Associated Press and may not be published, broadcast, rewritten, or redistributed. Jon Yarbrough Net worth: $3.1 billion (#959 wealthiest in the world) Residence: Franklin, Tennessee Source of wealth: video games, Self Made, #4. Brad Kelley- Net worth: $2.5 billion (#1,150 wealthiest in the world) According to MSN, The billionaires in Nashville control more resources than any other city in the United States. All rights reserved. How Many Millionaires Live In Nashville Tennessee? Forbes lists 9 billionaires in Tennessee. 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. Net worth around $800 Million. There are more than 130.000 millionaire households in the state of Tennessee. Jeffrey Lorberbaum Net worth: $1.4 billion (#2,029 wealthiest in the world) Residence: Chattanooga, Tennessee Source of wealth: flooring, #8. Fred Smith. Tennessee is ranked 42nd on the list of US millionaires. In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. 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. Tennessee is the thirty-fifth-richest state in the United States of America, with a per capita income of $28,764 (2017). Tennessee Thomas Frist Jr & family Net worth: $15.0 billion (#115 wealthiest in the world) Residence: Nashville, Tennessee Source of wealth: hospitals, Self Made. You can download the data here. "And it's not fair that our wealth opens doors that are closed to most people.".