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.

Washington

1.
Bill Gates: $64.5 billion

Microsoft chairman, co-chair of Bill and Melinda Gates Foundation

Nebraska

2.
Warren Buffett: $49.6 billion

Chairman and CEO of Berkshire Hathaway

California

3.
Lawrence Ellison: $41.1 billion

CEO of Oracle Corp.

Arkansas

4.
James Walton: $33.6 billion

Chairman of Arvest Bank, son of Walmart founder, Sam Walton

Kansas

5.
David Koch: $32.1 billion

Vice-chairman of Koch Industries

New York

6.
Michael Bloomberg: $24.8 billion

New York City Mayor and owner of Bloomberg LP

Nevada

7.
Sheldon Adelson: $20.2 billion

Chairman and CEO of Las Vegas Sands

Virginia

8.
Forrest Mars, Jr.: $17 billion

Part-owner of Mars candy company and grandson of the late Frank C. Mars

Texas

9.
Michael Dell: $14 billion

CEO of Dell Inc.

Oregon

10.
Philip Knight: $13 billion

Chairman of Nike Inc.

Massachusetts

11.
Abigail Johnson: $11.9 billion

President, Fidelity Financial Services

Georgia

12.
Anne Cox Chambers: $11.2 billion

Member of Cox Enterprises' board of directors, chairwoman of Atlanta Newspapers

Connecticut

13.
Raymond Dalio: $10 billion

Founder of Bridgewater Associates LP

Oklahoma

14.
George Kaiser: $10 billion

Chairman of BOK Financial

Colorado

15.
Charles Ergen: $8.3 billion

Founder and chairman of DISH Network

Pennsylvania

16.
Hansjorg Wyss: $7.7 billion

Chairman of Swiss medical device manufacturer Synthes Holding AG

North Carolina

17.
James Goodnight: $7.4 billion

CEO of SAS Institute

Wisconsin

18.
John Menard, Jr.: $6 billion

Founder and owner of home-improvement retailer Menard Inc.

New Jersey

19.
David Tepper: $5.2 billion

President and founder of Appaloosa Management

Michigan

20.
Richard DeVos Sr.: $5.1 billion

Co-founder of Amway and owner of the Orlando Magic

Montana

21.
Dennis Washington: $5 billion

Founder of The Washington Companies and co-founder of the Dennis and Phyllis Washington Foundation

Ohio

22.
Leslie Wexner: $4.5 billion

Chairman and CEO of Limited Brands

Arizona

23.
Bruce Halle Sr.: $4 billion

Founder of Discount Tires

Florida

24.
Joseph Lewis: $3.9 billion

Founder of Tavistock Group and owner of Tottenham Hotspur soccer team in England

Illinois

25.
Samuel Zell: $3.9 billion

Founder of Equity Residential

Maryland

26.
Theodore Lerner: $3.9 billion

Founder of real estate firm Lerner Enterprises

Minnesota

27.
Pauline Keinath: $3.7 billion

Part-owner of Cargill Inc. and great-granddaughter of founder W. W. Cargill

Indiana

28.
Gayle Cook: $3.4 billion

Member of board of directors of medical device firm Cook Group

Tennessee

29.
Thomas Frist, Jr.: $3 billion

Founder of HCA, the Hospital Corporation of America

Utah

30.
Robert Earl Holding: $2.7 billion

Owner of Sinclair Oil

Mississippi

31.
Leslie Lampton: $2.4 billion

Founder of Ergon Inc.

South Carolina

32.
Anita Zucker: $2.2 billion

Chairwoman and CEO of chemical manufacturer InterTech Group

Rhode Island

33.
Jonathan Nelson: $1.6 billion

CEO of Providence Equity Partners

Missouri

34.
Christopher Cline: $1.5 billion

Founder of Foresight Energy

West Virginia

35.
James Justice II: $1.5 billion

Owner of the coal mining Justice Companies

Alabama

36.
Marguerite Harbert: $1.4 billion

Widow of the late construction and energy mogul, John Murdoch Harbert III

Louisiana

37.
Thomas Benson: $1.3 billion

Owner of New Orleans Saints and New Orleans Hornets

South Dakota

38.
T. Denny Sanford: $1.3 billion

Owner of First Premier Bank and board co-chair of Sanford Consortium

Idaho

39.
Frank VanderSloot: $1.2 billion

CEO of Melaleuca

Kentucky

40.
Bradley Wayne Hughes: $1.1 billion

Founder of Public Storage

Iowa

41.
Dennis Albaugh: $1 billion

Founder of Albaugh Inc.

North Dakota

42.
Gary Tharaldson: $900 million

Founder of the Tharaldson Companies

Maine

43.
Leon Gorman: $860 million

Chairman of L.L. Bean

Delaware

44.
Robert Gore: $830 million

Founder of materials and manufacturing company W.L. Gore & Associates

New Mexico

45.
Peyton Yates, Jr.: $760 million

President of Yates Petroleum Corp.

Alaska

46.
Robert Gillam: $690 million

President and CEO of McKinley Capital Management LLC

Hawaii

47.
Jay Shidler: $680 million

Founder of the real estate company The Shidler Group

New Hampshire

48.
Martin Trust: $600 million

President of Brandot International, formerly president and CEO of MAST Industries

Vermont

49.
Robert Stiller: $580 million

Founder of Green Mountain Coffee

Wyoming

50.
John Martin: $210 million

Chairman and CEO of Gilead Sciences

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