Which Tennessee City Has The Most Billionaires?

Photo: Franklin, TN: Main Street

Photo Credit: harry_nl / CC

Published April 13, 2021

By Samuel Stebbins [24/7 Wall St. via The Center Square] –

There are nearly 2,400 people worldwide whose individual net worth exceeds $1 billion — and more than one-quarter of them live in the United States. All told, there are over 250 cities and towns across the country that at least one of the world’s ultra wealthy calls home.

Tennessee Capitol Building in Nashville

Using data from Forbes’ Real Time Billionaires list, 24/7 Wall St. identified the city in every state with the most billionaires. The combined net worth of the billionaires in some U.S. cities exceeds the entire annual GDP of many states.

The U.S. cities that are home to the most billionaires are often closely tied to the sources of their wealthiest residents’ net worth. For example, many of the wealthiest people in the country have made their fortune through some association a successful company — and these people often live in close proximity to these companies.

As a result, many of the cities on this list have high concentrations of companies in well-paying industries like finance, tech, and oil.

In Tennessee, Nashville is home to more billionaires who control more wealth than any other city. A total of three billionaires live in Nashville with a combined net worth of $20.7 billion. Of Nashville residents with a minimum 10-figure net worth, Thomas Frist Jr is the wealthiest, worth an estimated $8.2 billion.

Although Franklin, Tennessee is also home to three billionaires, their combined net worth of $6.9 billion falls short of the combined wealth of billionaires in Nashville.

To determine the city in every state with the most billionaires, 24/7 Wall St. compiled data from Forbes’ Real Time Billionaires list. Data on residency and net worth came from the list, which is updated every five minutes to reflect changes in stock prices and private company valuations.

In cases where the number of billionaires in two cities within the same state was a tie, the city with the highest total billionaire net worth was given preference. Data is current as of March 29, 2021. 

This is the city in every state with the most billionaires:

City with the most billionaires:Number of billionaires:Total billionaire net worth:Top billionaire:
Alabama: None0N/AN/A
Alaska: None0N/AN/A
Arizona: Phoenix7$24.9 billionErnest Garcia III
Arkansas: Bentonville2$124.6 billionJim Walton
California: San Francisco41$173.8 billionDustin Moskovitz
Colorado: Denver4$23.5 billionPhilip Anschutz
Connecticut: Greenwich11$47.2 billionRay Dalio
Delaware: None0N/AN/A
Florida: Palm Beach11$61.6 billionThomas Peterffy
Georgia: Atlanta12$55.1 billionJim Kennedy
Hawaii: Honolulu1$23.8 billionPierre Omidyar
Idaho: Idaho Falls1$3.5 billionFrank VanderSloot
Illinois: Chicago11$49.5 billionKen Griffin
Indiana: Bloomington1$10.5 billionCarl Cook
Iowa: Adel1$5.4 billionHarry Stine
Kansas: Wichita1$44.9 billionCharles Koch
Kentucky: Lexington2$8.5 billionTamara Gustavson
Louisiana: New Orleans1$3.3 billionGayle Benson
Maine: Scarborough1$2 billionSusan Alfond
Maryland: Potomac2$9 billionMitchell Rales
Massachusetts: Boston10$33.9 billionEdward Johnson III
Michigan: Franklin1$49.7 billionDaniel Gilbert
Minnesota: Mankato1$2.5 billionGlen Taylor
Mississippi: Hattiesburg2$2.8 billionJames and Thomas Duff
Missouri: St. Louis5$18.5 billionPauline MacMillan Keinath
Montana: Missoula2$8.3 billionDennis Washington
Nebraska: Omaha3$101 billionWarren Buffett
Nevada: Las Vegas6$14.3 billionSteve Wynn
New Hampshire: None0N/AN/A
New Jersey: Saddle River1$7.2 billionRocco Commisso
New Mexico: None0N/AN/A
New York: New York86$446 billionMichael Bloomberg
North Carolina: Cary3$15 billionJames Goodnight
North Dakota: None0N/AN/A
Ohio: Cleveland3$3.3 billionNorma Lerner
Oklahoma: Oklahoma City3$23.2 billionTom & Judy Love
Oregon: Hillsboro1$51.6 billionPhil Knight & family
Pennsylvania: Philadelphia3$10.6 billionVictoria Mars
Rhode Island: Providence1$2 billionJonathan Nelson
South Carolina: Charleston1$1.9 billionAnita Zucker
South Dakota: Sioux Falls1$1.6 billionT. Denny Sanford
Tennessee: Nashville3$20.7 billionThomas Frist Jr & family
Texas: Dallas18$57.9 billionJerry Jones
Utah: Provo3$3.5 billionRyan Smith
Vermont: None0N/AN/A
Virginia: McLean2$4.7 billionWilliam Conway Jr
Washington: Seattle8$252.2 billionJeff Bezos
West Virginia: Lewisburg1$1.2 billionJim Justice II
Wisconsin: Racine3$11.7 billionS. Curtis Johnson
Wyoming: Jackson3$52.1 billionJohn Mars
Source: 24/7 Wall St.
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