The Wealthiest Person in Each State

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.

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 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