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.
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.
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.
|Bill Gates: $64.5 billion|
Microsoft chairman, co-chair of Bill and Melinda Gates Foundation
|Warren Buffett: $49.6 billion|
Chairman and CEO of Berkshire Hathaway
|Lawrence Ellison: $41.1 billion|
CEO of Oracle Corp.
|James Walton: $33.6 billion|
Chairman of Arvest Bank, son of Walmart founder, Sam Walton
|David Koch: $32.1 billion|
Vice-chairman of Koch Industries
|Michael Bloomberg: $24.8 billion|
New York City Mayor and owner of Bloomberg LP
|Sheldon Adelson: $20.2 billion|
Chairman and CEO of Las Vegas Sands
|Forrest Mars, Jr.: $17 billion|
Part-owner of Mars candy company and grandson of the late Frank C. Mars
|Michael Dell: $14 billion|
CEO of Dell Inc.
|Philip Knight: $13 billion|
Chairman of Nike Inc.
|Abigail Johnson: $11.9 billion|
President, Fidelity Financial Services
|Anne Cox Chambers: $11.2 billion|
Member of Cox Enterprises' board of directors, chairwoman of Atlanta Newspapers
|Raymond Dalio: $10 billion|
Founder of Bridgewater Associates LP
|George Kaiser: $10 billion|
Chairman of BOK Financial
|Charles Ergen: $8.3 billion|
Founder and chairman of DISH Network
|Hansjorg Wyss: $7.7 billion|
Chairman of Swiss medical device manufacturer Synthes Holding AG
|James Goodnight: $7.4 billion|
CEO of SAS Institute
|John Menard, Jr.: $6 billion|
Founder and owner of home-improvement retailer Menard Inc.
|David Tepper: $5.2 billion|
President and founder of Appaloosa Management
|Richard DeVos Sr.: $5.1 billion|
Co-founder of Amway and owner of the Orlando Magic
|Dennis Washington: $5 billion|
Founder of The Washington Companies and co-founder of the Dennis and Phyllis Washington Foundation
|Leslie Wexner: $4.5 billion|
Chairman and CEO of Limited Brands
|Bruce Halle Sr.: $4 billion|
Founder of Discount Tires
|Joseph Lewis: $3.9 billion|
Founder of Tavistock Group and owner of Tottenham Hotspur soccer team in England
|Samuel Zell: $3.9 billion|
Founder of Equity Residential
|Theodore Lerner: $3.9 billion|
Founder of real estate firm Lerner Enterprises
|Pauline Keinath: $3.7 billion|
Part-owner of Cargill Inc. and great-granddaughter of founder W. W. Cargill
|Gayle Cook: $3.4 billion|
Member of board of directors of medical device firm Cook Group
|Thomas Frist, Jr.: $3 billion|
Founder of HCA, the Hospital Corporation of America
|Robert Earl Holding: $2.7 billion|
Owner of Sinclair Oil
|Leslie Lampton: $2.4 billion|
Founder of Ergon Inc.
|Anita Zucker: $2.2 billion|
Chairwoman and CEO of chemical manufacturer InterTech Group
|Jonathan Nelson: $1.6 billion|
CEO of Providence Equity Partners
|Christopher Cline: $1.5 billion|
Founder of Foresight Energy
|James Justice II: $1.5 billion|
Owner of the coal mining Justice Companies
|Marguerite Harbert: $1.4 billion|
Widow of the late construction and energy mogul, John Murdoch Harbert III
|Thomas Benson: $1.3 billion|
Owner of New Orleans Saints and New Orleans Hornets
|T. Denny Sanford: $1.3 billion|
Owner of First Premier Bank and board co-chair of Sanford Consortium
|Frank VanderSloot: $1.2 billion|
CEO of Melaleuca
|Bradley Wayne Hughes: $1.1 billion|
Founder of Public Storage
|Dennis Albaugh: $1 billion|
Founder of Albaugh Inc.
|Gary Tharaldson: $900 million|
Founder of the Tharaldson Companies
|Leon Gorman: $860 million|
Chairman of L.L. Bean
|Robert Gore: $830 million|
Founder of materials and manufacturing company W.L. Gore & Associates
|Peyton Yates, Jr.: $760 million|
President of Yates Petroleum Corp.
|Robert Gillam: $690 million|
President and CEO of McKinley Capital Management LLC
|Jay Shidler: $680 million|
Founder of the real estate company The Shidler Group
|Martin Trust: $600 million|
President of Brandot International, formerly president and CEO of MAST Industries
|Robert Stiller: $580 million|
Founder of Green Mountain Coffee
|John Martin: $210 million|
Chairman and CEO of Gilead Sciences