Richest of the Rich Gettn' MUCH Richer

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Richest of the Rich Gettn' MUCH Richer

Postby Hoser John » Thu Oct 31, 2013 5:55 am

.....The Wealthiest People in Each State Are 19 Percent Richer Than Last Year
By SUSANNA KIM | Good Morning America – 17 hours ago
......Good Morning America/ABC News - The 50 Richest People by State

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The rich are indeed getting richer, according to a new list of the richest person in each of the 50 states. As it turns out, the namest of the richest 10 people haven't changed at all, led by Microsoft founder Bill Gates in Washington state. But their net worth values have ticked up. The top 10 are collectively worth a whopping $362 billion, 67 percent of the total wealth of the 50 folks in a list compiled by Wealth-X, a firm that researches ultra-high net worth individuals.

Among the reports showing an increase in the wealth gap is a Pew Research Center report that showed the mean net worth of households in the highest 7 percent of the wealth distribution rose by an estimated 28 percent during the first two years of the nation's economic recovery, while the net worth in the lower 93 percent dropped by 4 percent.

Infographic: See a Map of the Richest Person in Each State

The top two richest people in Wealth-X's list, Gates and Berkshire Hathaway CEO Warren Buffett, happen to be the most generous people in the country.

Designating a residence can be tricky for the super-rich in this list, who are known to have multiple homes across the country if not the world. Wealth-X tries to solve this problem by tying each person to their primary place of business at times. For example, Kenneth Dart, $6.6 billion, chairman of Dart Container Corp., renounced his citizenship and is reportedly living out of the country, though Wealth-X lists him as the richest person in Michigan.

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Some folks on last year's list aren't present in 2013, such as Robert Earl Holding, owner of Sinclair Oil, who used to be the richest person in Utah. This year it's Blake Roney, chairman of Nu Skin Enterprises.

Sometimes wealth transfers don't go very far. Last year, Pauline Keinath, great-granddaughter of W. W. Cargill, was the richest person in Minnesota, according to Wealth-X. This year, it's Whitney MacMillan, her brother, who is CEO of Cargill Inc.

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There are nine new people in the list, in Florida, Kentucky, Michigan, Minnesota, Mississippi, Missouri, New Hampshire, New Mexico and Utah. These nine are collectively worth $34 billion, which is 50 percent more than the combined net worth of the people in the same states last year.

Here is Wealth-X's list of the richest person in each of the 50 states:

1. Bill Gates: $70.8 billion
Microsoft chairman, co-chair of Bill and Melinda Gates Foundation


REUTERS/Carlo Allegri
Getty Images Infographic: See a Map of Some of the Richest People in the Country

2. Warren Buffett: $59.8 billion
Chairman and CEO of Berkshire Hathaway

3. Lawrence Ellison: $46.4 billion
CEO of Oracle Corp.


REUTERS Infographic: See a Map of Some of the Richest People in the Country

4. David Koch: $41.5 billion

Wesley Hitt/Walmart Flickr Executive vice president of Koch Industries

5. James Walton: $37.1 billion

AP Photo/Julie Jacobson, File Chairman and CEO of Arvest Bank, son of Walmart founder, Sam Walton

6. Sheldon Adelson: $32.2 billion
Chairman and CEO of Las Vegas Sands


REUTERS/Lucas Jackson Infographic: See a Map of Some of the Richest People in the Country

7. Michael Bloomberg: $21.4 billion
New York City Mayor and owner of Bloomberg LP

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8. Forrest Mars, Jr.: $20.1 billion
Part-owner of Mars candy company and grandson of the late Frank C. Mars

9. Abigail Johnson: $16.9 billion

REUTERS/Jana Asenbrennerova President, Fidelity Financial Services

10. Michael Dell: $16 billion
CEO of Dell Inc.

Infographic: See a Map of Some of the Richest People in the Country

11. Philip Knight: $14.7 billion
Chairman of Nike Inc.

12. Charles Ergen: $13.7 billion
Founder and chairman of DISH Network

13. Raymond Dalio: $13.4 billion
Founder of Bridgewater Associates LP

14. Anne Cox Chambers: $11.4 billion
Member of Cox Enterprises' board of directors, chairwoman of Atlanta Newspapers

15. Richard Cohen: $10 billion
Chairman of C&S Wholesale Grocers

16. George Kaiser: $9.8 billion
Chairman of BOK Financial

17. Hansjorg Wyss: $9.2 billion
Chairman of Swiss medical device manufacturer Synthes Holding AG

18. David Tepper: $7.9 billion
President and founder of Appaloosa Management

19. James Goodnight: $7.4 billion
CEO of SAS

20. John Menard, Jr.: $7.3 billion
Founder and owner of home-improvement retailer Menard Inc.

21. Kenneth Dart: $6.6 billion
Chairman of Dart Container Corp.

22. Micky Arison: $5.9 billion
Chairman and CEO of Carnival

23. Dennis Washington: $5.6 billion
Founder of The Washington Companies and co-founder of the Dennis and Phyllis Washington Foundation

24. Leslie Wexner: $5.2 billion
Chairman and CEO of Limited Brands

25. Gayle Cook: $4.8 billion
Member of board of directors of medical device firm Cook Group

26. Bruce Halle: $4.4 billion
Founder of Discount Tires

27. Theodore Lerner: $4.1 billion
Founder of real estate firm Lerner Enterprises

28. Samuel Zell: $3.8 billion
Founder of Equity Residential

29. Whitney MacMillan: $3.8 billion
CEO of Cargill

30. John Morris: $3.8 billion
Owner, Bass Pro Shops

31. Thomas Frist, Jr.: $3.2 billion
Founder of HCA, the Hospital Corporation of America

32. Anita Zucker: $2.6 billion
Chairwoman and CEO of chemical manufacturer InterTech Group

33. Brad M. Kelley: $1.9 billion
Former owner of Commonwealth Brands

34. Dennis Albaugh: $1.6 billion
Founder of Albaugh Inc.

35. James Justice II: $1.6 billion
Owner of Southern Coal Corp.

36. Jonathan Nelson: $1.5 billion
CEO of Providence Equity Partners

37. Marguerite Harbert: $1.5 billion
Widow of the late construction and energy mogul, John Murdoch Harbert III

38. Thomas Benson: $1.3 billion
Owner of New Orleans Saints and New Orleans Hornets

39. T. Denny Sanford: $1.3 billion
Owner of First Premier Bank and board co-chair of Sanford Consortium

40. Frank VanderSloot: $1.2 billion
CEO of Melaleuca

41. Robert Stiller: $1.1 billion
Founder of Green Mountain Coffee

42. Gary Tharaldson: $900 million
Founder of the Tharaldson Companies

43. Robert W. Gore: $800 million
Chairman, W.L. Gore & Associates

44. Leon Gorman: $800 million
Chairman of L.L. Bean

45. John Yates: $800 million
President and CEO of McKinley Capital Management LLC

46. Jay Shidler: $700 million
Founder of the real estate company The Shidler Group

47. Jim Barksdale: $600 million
Chairman of Barksdale Management Corp.

48. Blake Roney: $600 million
Chairman of Nu Skin Enterprises

49. Robert Gillam: $400 million
President and CEO of McKinley Capital Management LLC

50. John Martin: $300 million
Hoser John
 
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