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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.

quicklist: category: Washington media: title: Bill Gates: $64.5 billion text: Microsoft chairman, co-chair of Bill and Melinda Gates Foundation

quicklist: category: Nebraska media: title: Warren Buffett: $49.6 billion text: Chairman and CEO of Berkshire Hathaway

quicklist: category: California media: title: Lawrence Ellison: $41.1 billion text: CEO of Oracle Corp.

quicklist: category: Arkansas media: title: James Walton: $33.6 billion text: Chairman of Arvest Bank, son of Walmart founder, Sam Walton

quicklist: category: Kansas media: title: David Koch: $32.1 billion text: Vice-chairman of Koch Industries

quicklist: category: New York media: title: Michael Bloomberg: $24.8 billion text: New York City Mayor and owner of Bloomberg LP

quicklist: category: Nevada media: title: Sheldon Adelson: $20.2 billion text: Chairman and CEO of Las Vegas Sands

quicklist: category: Virginia media: title: Forrest Mars, Jr.: $17 billion text: Part-owner of Mars candy company and grandson of the late Frank C. Mars

quicklist: category: Texas media: title: Michael Dell: $14 billion text: CEO of Dell Inc.

quicklist: category: Oregon media: title: Philip Knight: $13 billion text: Chairman of Nike Inc.

quicklist: category: Massachusetts media: title: Abigail Johnson: $11.9 billion text: President, Fidelity Financial Services

quicklist: category: Georgia media: title: Anne Cox Chambers: $11.2 billion text: Member of Cox Enterprises' board of directors, chairwoman of Atlanta Newspapers

quicklist: category: Connecticut media: title: Raymond Dalio: $10 billion text:

Founder of Bridgewater Associates LP

quicklist: category: Oklahoma media: title: George Kaiser: $10 billion text: Chairman of BOK Financial

quicklist: category: Colorado media: title: Charles Ergen: $8.3 billion text:

Founder and chairman of DISH Network

quicklist: category: Pennsylvania media: title: Hansjorg Wyss: $7.7 billion text: Chairman of Swiss medical device manufacturer Synthes Holding AG

quicklist: category: North Carolina media: title: James Goodnight: $7.4 billion text:

CEO of SAS Institute

quicklist: category: Wisconsin media: title: John Menard, Jr.: $6 billion text: Founder and owner of home-improvement retailer Menard Inc.

quicklist: category: New Jersey media: title: David Tepper: $5.2 billion text: President and founder of Appaloosa Management

quicklist: category: Michigan media: title: Richard DeVos Sr.: $5.1 billion text: Co-founder of Amway and owner of the Orlando Magic

quicklist: category: Montana media: title: Dennis Washington: $5 billion text: Founder of The Washington Companies and co-founder of the Dennis and Phyllis Washington Foundation

quicklist: category: Ohio media: title: Leslie Wexner: $4.5 billion text: Chairman and CEO of Limited Brands

quicklist: category: Arizona media: title: Bruce Halle Sr.: $4 billion text: Founder of Discount Tires

quicklist: category: Florida media: title: Joseph Lewis: $3.9 billion text: Founder of Tavistock Group and owner of Tottenham Hotspur soccer team in England

quicklist: category: Illinois media: title: Samuel Zell: $3.9 billion text: Founder of Equity Residential

quicklist: category: Maryland media: title: Theodore Lerner: $3.9 billion text: Founder of real estate firm Lerner Enterprises

quicklist: category: Minnesota media: title: Pauline Keinath: $3.7 billion text: Part-owner of Cargill Inc. and great-granddaughter of founder W. W. Cargill

quicklist: category: Indiana media: title: Gayle Cook: $3.4 billion text: Member of board of directors of medical device firm Cook Group

quicklist: category: Tennessee media: title: Thomas Frist, Jr.: $3 billion text: Founder of HCA, the Hospital Corporation of America

quicklist: category: Utah media: title: Robert Earl Holding: $2.7 billion text: Owner of Sinclair Oil

quicklist: category: Mississippi media: title: Leslie Lampton: $2.4 billion text: Founder of Ergon Inc.

quicklist: category: South Carolina media: title: Anita Zucker: $2.2 billion text: Chairwoman and CEO of chemical manufacturer InterTech Group

quicklist: category: Rhode Island media: title: Jonathan Nelson: $1.6 billion text: CEO of Providence Equity Partners

quicklist: category: Missouri media: title: Christopher Cline: $1.5 billion text: Founder of Foresight Energy

quicklist: category: West Virginia media: title: James Justice II: $1.5 billion text: Owner of the coal mining Justice Companies

quicklist: category: Alabama media: title: Marguerite Harbert: $1.4 billion text: Widow of the late construction and energy mogul, John Murdoch Harbert III

quicklist: category: Louisiana media: title: Thomas Benson: $1.3 billion text: Owner of New Orleans Saints and New Orleans Hornets

quicklist: category: South Dakota media: title: T. Denny Sanford: $1.3 billion text: Owner of First Premier Bank and board co-chair of Sanford Consortium

quicklist: category: Idaho media: title: Frank VanderSloot: $1.2 billion text: CEO of Melaleuca

quicklist: category: Kentucky media: title: Bradley Wayne Hughes: $1.1 billion text: Founder of Public Storage

quicklist: category: Iowa media: title: Dennis Albaugh: $1 billion text: Founder of Albaugh Inc.

quicklist: category: North Dakota media: title: Gary Tharaldson: $900 million text: Founder of the Tharaldson Companies

quicklist: category: Maine media: title: Leon Gorman: $860 million text: Chairman of L.L. Bean

quicklist: category: Delaware media: title: Robert Gore: $830 million text: Founder of materials and manufacturing company W.L. Gore & Associates

quicklist: category: New Mexico media: title: Peyton Yates, Jr.: $760 million text: President of Yates Petroleum Corp.

quicklist: category: Alaska media: title: Robert Gillam: $690 million text: President and CEO of McKinley Capital Management LLC

quicklist: category: Hawaii media: title: Jay Shidler: $680 million text: Founder of the real estate company The Shidler Group

quicklist: category: New Hampshire media: title: Martin Trust: $600 million text: President of Brandot International, formerly president and CEO of MAST Industries

quicklist: category: Vermont media: title: Robert Stiller: $580 million text: Founder of Green Mountain Coffee

quicklist: category: Wyoming media: title: John Martin: $210 million text: Chairman and CEO of Gilead Sciences