Sunday, March 13, 2016

THE 1% ARE AMONG US

Ever wonder who the richest person in your neighborhood is? Private wealth consultancy Wealth-X has (almost) figured it out for you by naming the richest person in each of the 50 U.S. states.

There are a few surprises on the list, and 9 of the 50 states don’t have any billionaires. (The deprived states are Utah, New Mexico, Mississippi, Maine, Delaware, Hawaii, South Dakota, Alaska and Wyoming.) Some really wealthy Americans — for example, Paul Allen, co-founder of Microsoft, who has an estimated wealth of around $16.4 billion — don’t make the list because they live in the same state as some even wealthier people. (In Allen’s case, his old friend Bill Gates, who has a net worth of $81.5 billion.)


Also see: 10 things billionaires won’t tell you

The encouraging news: 35 of the 50 individuals on the list are entrepreneurs who made their own fortunes. And, yes, they include investor Warren Buffett of Nebraska, the country’s second richest person; and media mogul and former New York City Mayor Michael Bloomberg. Only six women made the list. With a net worth of $37.9 billion, Christy Walton is the richest woman in Arkansas, the U.S. and the world; she is the widow of John T. Walton, one of the sons of Sam Walton, founder of Wal-Mart.


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