Oct. 24, 2012 -- intro:
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.
quicklist: category: Washington media:title: Bill Gates: $64.5 billiontext: Microsoft chairman, co-chair of Bill and Melinda Gates Foundation
quicklist: category: Nebraskamedia:title: Warren Buffett: $49.6 billiontext: Chairman and CEO of Berkshire Hathaway
quicklist: category: Californiamedia:title: Lawrence Ellison: $41.1 billion text: CEO of Oracle Corp.
quicklist: category: Arkansasmedia:title: James Walton: $33.6 billiontext: Chairman of Arvest Bank, son of Walmart founder, Sam Walton
quicklist: category: Kansasmedia:title: David Koch: $32.1 billiontext: Vice-chairman of Koch Industries
quicklist: category: New Yorkmedia:title: Michael Bloomberg: $24.8 billiontext: New York City Mayor and owner of Bloomberg LP
quicklist: category: Nevadamedia:title: Sheldon Adelson: $20.2 billiontext: Chairman and CEO of Las Vegas Sands
quicklist: category: Virginiamedia:title: Forrest Mars, Jr.: $17 billiontext: Part-owner of Mars candy company and grandson of the late Frank C. Mars
quicklist: category: Texasmedia:title: Michael Dell: $14 billiontext: CEO of Dell Inc.
quicklist: category: Oregonmedia:title: Philip Knight: $13 billiontext: Chairman of Nike Inc.
quicklist: category: Massachusetts media:title: Abigail Johnson: $11.9 billiontext: President, Fidelity Financial Services
quicklist: category: Georgia media:title: Anne Cox Chambers: $11.2 billiontext: Member of Cox Enterprises' board of directors, chairwoman of Atlanta Newspapers
quicklist: category: Connecticut media:title: Raymond Dalio: $10 billiontext:
Founder of Bridgewater Associates LP
quicklist: category: Oklahomamedia:title: George Kaiser: $10 billiontext: Chairman of BOK Financial
quicklist: category: Coloradomedia:title: Charles Ergen: $8.3 billiontext:
Founder and chairman of DISH Network
quicklist: category: Pennsylvaniamedia:title: Hansjorg Wyss: $7.7 billiontext: Chairman of Swiss medical device manufacturer Synthes Holding AG
quicklist: category: North Carolinamedia:title: James Goodnight: $7.4 billiontext:
CEO of SAS Institute
quicklist: category: Wisconsinmedia:title: John Menard, Jr.: $6 billiontext: Founder and owner of home-improvement retailer Menard Inc.
quicklist: category: New Jerseymedia:title: David Tepper: $5.2 billiontext: President and founder of Appaloosa Management
quicklist: category: Michiganmedia:title: Richard DeVos Sr.: $5.1 billiontext: Co-founder of Amway and owner of the Orlando Magic
quicklist: category: Montanamedia: title: Dennis Washington: $5 billiontext: Founder of The Washington Companies and co-founder of the Dennis and Phyllis Washington Foundation
quicklist: category: Ohiomedia:title: Leslie Wexner: $4.5 billion text: Chairman and CEO of Limited Brands
quicklist: category: Arizonamedia:title: Bruce Halle Sr.: $4 billiontext: Founder of Discount Tires
quicklist: category: Floridamedia:title: Joseph Lewis: $3.9 billiontext: Founder of Tavistock Group and owner of Tottenham Hotspur soccer team in England
quicklist: category: Illinoismedia:title: Samuel Zell: $3.9 billion text: Founder of Equity Residential
quicklist: category: Marylandmedia:title: Theodore Lerner: $3.9 billiontext: Founder of real estate firm Lerner Enterprises
quicklist: category: Minnesotamedia:title: Pauline Keinath: $3.7 billiontext: Part-owner of Cargill Inc. and great-granddaughter of founder W. W. Cargill
quicklist: category: Indianamedia:title: Gayle Cook: $3.4 billiontext: Member of board of directors of medical device firm Cook Group
quicklist: category: Tennesseemedia:title: Thomas Frist, Jr.: $3 billiontext:Founder of HCA, the Hospital Corporation of America
quicklist: category: Utahmedia:title: Robert Earl Holding: $2.7 billiontext: Owner of Sinclair Oil
quicklist: category: Mississippimedia:title: Leslie Lampton: $2.4 billion text: Founder of Ergon Inc.
quicklist: category: South Carolinamedia:title: Anita Zucker: $2.2 billion text: Chairwoman and CEO of chemical manufacturer InterTech Group
quicklist: category: Rhode Islandmedia:title: Jonathan Nelson: $1.6 billiontext:CEO of Providence Equity Partners
quicklist: category: Missourimedia:title: Christopher Cline: $1.5 billiontext: Founder of Foresight Energy
quicklist: category: West Virginiamedia:title: James Justice II: $1.5 billiontext: Owner of the coal mining Justice Companies
quicklist: category: Alabamamedia:title: Marguerite Harbert: $1.4 billion text: Widow of the late construction and energy mogul, John Murdoch Harbert III
quicklist: category: Louisianamedia:title: Thomas Benson: $1.3 billiontext: Owner of New Orleans Saints and New Orleans Hornets
quicklist: category: South Dakotamedia:title: T. Denny Sanford: $1.3 billion text: Owner of First Premier Bank and board co-chair of Sanford Consortium
quicklist: category: Idahomedia:title: Frank VanderSloot: $1.2 billion text: CEO of Melaleuca
quicklist: category: Kentucky media:title: Bradley Wayne Hughes: $1.1 billiontext: Founder of Public Storage
quicklist: category: Iowamedia:title: Dennis Albaugh: $1 billion text: Founder of Albaugh Inc.
quicklist: category: North Dakotamedia:title: Gary Tharaldson: $900 milliontext: Founder of the Tharaldson Companies
quicklist: category: Mainemedia:title: Leon Gorman: $860 milliontext: Chairman of L.L. Bean
quicklist: category: Delawaremedia:title: Robert Gore: $830 milliontext: Founder of materials and manufacturing company W.L. Gore & Associates
quicklist: category: New Mexicomedia:title: Peyton Yates, Jr.: $760 milliontext: President of Yates Petroleum Corp.
quicklist: category: Alaskamedia:title: Robert Gillam: $690 million text: President and CEO of McKinley Capital Management LLC
quicklist: category: Hawaiimedia:title: Jay Shidler: $680 milliontext: Founder of the real estate company The Shidler Group
quicklist: category: New Hampshiremedia:title: Martin Trust: $600 million text: President of Brandot International, formerly president and CEO of MAST Industries
quicklist: category: Vermontmedia:title: Robert Stiller: $580 million text: Founder of Green Mountain Coffee
quicklist: category: Wyomingmedia:title: John Martin: $210 milliontext: Chairman and CEO of Gilead Sciences