The Wealthiest Person in Each State

Wealth managers and other businesses may want to take heed. Wealth-X, an information research firm of ultra high-net worth individuals worth over $30 million, has compiled a list of the richest person in each state.

Infographic: Richest Person in Each State

The ultra high-net worth population is spread throughout the country, often living close to the companies they founded.

Bill Gates, the country's wealthiest individual and the world's most generous, still resides in the state of Washington, home of Microsoft.

Wealth-X said this list is based on the primary business location for the individual and not residence, as many folks on the list have multiple homes.

Read more: Most Expensive Zip Codes

The majority in Wealth-X's list are men and in business. The oldest person is Anne Cox Chambers, 92, the daughter of James Cox who founded Cox Enterprises. She has a a net worth of $11.2 billion.

David Friedman, president of Wealth-X, said the list of the wealthiest individuals in the U.S. shifts frequently, as economic and business conditions can change net worth drastically.

"Instead of a top down approach, we do a bottom-up report," Friedman said, researching the "granularity" of each person in the list, which can "reinvent the way the ultra-wealthy donate and invest."

Here's a list of the richest person in each state, as compiled by Wealth-X.