Jobs in healthcare, energy and hospitality have helped drive the expansion, led by companies such as Schlumberger , Coca-Cola’s Minute Maid subsidiary and Fluor . Nearly 62% of Williamson County residents have a bachelor’s degree or higher, vs. 33% for the U.S. The area’s economic health shows up in other statistics, such as its poverty rate of 4.5%, vs. 12.3% for the nation as a whole. That’s why many of America’s real richest counties are found in some surprising places.
We’ve decide to write an article dedicated to highlighting the richest Americans in the world right now. FEN Learning is part of Sandbox Networks, a digital learning company that operates education services and products for the 21st century. The following table lists the richest Americans by their net worth and the industry in which they earned their fortune. Ultra-high-net-worth individuals are people with at least $30 million in investable assets. Oracle is the second-largest software company and provides a wide variety of cloud computing programs as well as other software, such as Java and Linux, and the Oracle Exadata computing platform.
But given the changing demographic composition of the U.S. workforce, these topline numbers can only tell part of the story. The U.S. workforce is now better educated and more urban than it was in 1975. It is also far less white and male—with white men falling from over 60 percent of the prime-aged workforce in 1974 to less than 45 percent by 2018. These changes are important, because while there was far more equality between the income distributions in 1975, there was also more inequality within them—notably in regard to gender and race.
Wealth Of World’s Billionaires Rose $5 Trillion Amid Pandemic, Forbes List Finds
With an estimated net worth of $6 billion, Dennis Washington is the wealthiest person in Montana. Through Washington Companies, a company owned and started by Washington, he owns a diversified group of businesses that span several industries such as shipping, rail transport and diamond mining. Despite living in landlocked Montana, Washington owns four boats and once spent an estimated $250 million on renovations for his yacht Attessa IV. As a real estate developer and the husband of Walmart heiress Ann Walton Kroenke, Stan Kroenke has been able to amass a large fortune from developing the plazas near many Walmart stores. Kroenke also owns a number of professional sports teams, including the Los Angeles Rams and Arsenal Football Club.
That’s still good for 10th place on our list of the real richest counties in the U.S., and residents are pretty fortunate in how far their paychecks go compared to other wealthy counties. In the real world, purchasing power and the number of digits on a paycheck are not necessarily the same thing. That’s especially true in some of the richest counties in America, where sky-high costs of living can reduce real incomes by tens of thousands of dollars. As the RAND report [whose research was funded by the Fair Work Center which co-author David Rolf is a board member of] demonstrates, a rising tide most definitely did not lift all boats. It didn’t even lift most of them, as nearly all of the benefits of growth these past 45 years were captured by those at the very top.
While many investors have been piling into tech companies, Buffett has opted for a more cautious approach, only buying from well-established companies that are easier to understand, such as IBM and Apple. An engineer by training, Arnault’s business chops became apparent while working for his father’s construction firm, Ferret-Savinel, which he would take control of in 1971. He later converted Ferret-Savinel to a real estate company named Férinel Inc. in 1979. His shares in Christian Dior SE, plus an additional 6.2% in LVMH, are held through his family-owned holding company, Groupe Arnault SE. Gates is not only one of the richest people in the world, but he’s also one of the most generous. Since 1999, Gates and his wife have helmed the Bill & Melinda Gates Foundation, one of the most powerful charities in the world. The foundation — which controls an endowment of more than $46 billion — aims to lift millions of people out of poverty, with a heavy focus on eliminating HIV, malaria, and other infectious diseases.
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With a net worth of $64 billion, Larry Ellison is California’s richest resident and one of the richest people in the world. He founded his company Oracle in 1977 and still serves as its chairman and CTO. The former president isn’t alone in being knocked off the list, according to Forbes. Fifty-one people, including billionaires like Oprah Winfrey, also dropped off of the ranking after its cutoff increased from $2.1 billion last year to $2.9 billion this year. Forbes reported the former president is worth an estimated $2.5 billion, which is $400 million short of the cutoff to make this year’s list.
"The 400 richest people in the US added $4.5 trillion in wealth in 2020", but go on about how we don't need a wealth tax.https://t.co/Chg0hb2uqU
— Jason Parkin (@jasonparkin) November 23, 2021
She co-founded Bio-Rad Laboratories with her husband, which operates in the life sciences research and clinical diagnostics markets. This visualization examines the select few who have made the cut into this prestigious list, using data compiled from Forbes’ real-time billionaires list. Mark Zuckerberg is now the 5th richest American, with an estimated net worth of $62.3 billion. On Oct. 25, shares of Tesla spiked 12.7% and surpassed a $1 trillion market cap after car rental company Hertz announced its plan to order 100,000 of the automaker’s electric vehicles. As a result, Tesla CEO Elon Musk’s fortune grew by over $36 billion in a single day. Musk has added $119 billion in total to his fortune this year due to the rise in Tesla’s stock. Mark Zuckerberg is the CEO, chair, and co-founder of Meta , the world’s largest social networking service, as well as co-CEO and co-founder of the Chan Zuckerberg Initiative.
Hughes is also one of the top conservative political donors in the state. Much of the report is dedicated to tracking the manifold efforts by dynastic families to shield their wealth from taxation.
Forbes Released Its Annual List Of The 400 Wealthiest Americans, Which Includes A Number Of Massachusetts Residents
You can help by participating in our “I Support” program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls. Here are their respective entries in the Forbes 400, including capsule descriptions from Forbes and their previous rankings. Analyze the market and your qualifications to negotiate your salary with confidence. Some of the richest people in the world were college dropouts or even high school dropouts. These are some of 2022’s best monthly dividend stocks and funds for easier income planning. More than 62% have a bachelor’s degree or higher, vs. 39.6% at the state level.
Bloomberg is fairly generous with his wealth and is known to donate to social issues like gun control and climate change. His eponymous company currently makes about $10 billion in annual revenue and Bloomberg maintains control over 88% of the company. All net worths below are sourced from Bloomberg unless otherwise noted. Katie is a senior features reporter at Insider, covering some of the most talked-about companies and individuals like SoulCycle, CrossFit, and The Points Guy. The five men are collectively worth about $20 billion more than they were this time last year, when Larry Page occupied the fifth spot instead of Larry Ellison. Their combined wealth equals more than 2% of the US GDP, which was $21.34 trillion in the second quarter of 2019. The former Microsoft CEO’s fortune has climbed by $16 billion since last year as a result of the uptick in Microsoft’s share price.
Net Worth: $34 3 Billion
A portion of the proceeds from this endeavor was then reinvested to create X.com, an online payment system that later became PayPal. While both of these systems were eventually sold to other companies, Musk has maintained his status as CEO and lead designer of his third project, Space Exploration Technologies , which aims to make space exploration more affordable. Full BioDan Moskowitz is a freelance financial writer who has 4+ years of experience creating content for the online reading market. Musk is a part of The Giving Pledge, a non-profit consisting of some of the world’s wealthiest individuals who’ve committed significant portions of their wealth to charity.
Given the presence of the Los Alamos National Laboratory and allied institutions, it’s no surprise that the county is well-educated. More than 97% of residents have a high school degree or better, vs. the state rate of 85.6%. Fully 67.4% have at least a bachelor’s degree, vs. 27.3% for New Mexico as a whole. Nashville is known for its relatively low cost of living, but that doesn’t extend to affluent Williamson County, which sits in the southwestern part of the city’s sprawling metro area.
Providence, Rhode Island, resident Jonathan Nelson is the founder and CEO of Providence Equity. The company owns stakes in over 160 companies, including part of the Spanish-language channel Univision. North Dakota is home to no billionaires, but Gary Tharaldson, the Fargo-based builder and operator of hundreds of hotels across the country through Tharaldson Companies, is the closest to a 10-figure net worth of anyone in the state. Tharaldsen, now 73, continues to work at his company’s offices in Fargo. Chase began working in the oil industry at age 14 in 1945, and started his own oil drilling business in 1968.
Net Worth: $44 6 Billion
Abele and his family have provided more than $100 million worth of grants to nonprofit organizations. T. Denny Sanford made much of his fortune with First Premier Bank, which offers credit cards to customers who may be too high of a risk for other banks. The bank was later acquired by United National Corporation and Sanford is now its CEO.
This cost-of-living adjustment gives a much more pragmatic picture of the richest counties in the U.S. It shows where the highest incomes go the farthest – not just who’s winning the paycheck race. But as is usually the case with such things, the richest counties in the U.S. also tend to be the most expensive counties. So although residents of the richest counties might enjoy the highest incomes, they also often bear the highest costs of living. The reality is that American workers have never been more highly educated.
The Economic Policy Institute predicts that without more federal aid 5.3 million public-sector jobs—including those of teachers, public safety employees and health care workers—will be lost by the end of 2021. The collective wealth of all U.S. billionaires has increased over $1.1 trillion since mid-March 2020, a nearly 40% leap during the past 10 months of national emergency. One-third of U.S. billionaires’ wealth growth over the last 31 years came during the pandemic. Poll after pollshows that Americans of all political persuasions and by large majorities believe that the wealthy and big corporations need to start paying their fair share of taxes.
- The daughter of the late Sam Walton, the founder of Walmart and Sam’s Club, Alice Walton is the wealthiest person in Texas and the 12th wealthiest person in America.
- Jonathan Rubini and Leonard Hyde are two of Alaska’s biggest names in real estate.
- The global dental articulators market size is expected to reach USD 194.7 million by 2028, according to a new report by Grand View Research, Inc.
- Delaware County, a suburb of state capital Columbus, usually makes the list of the richest counties in America.
- Bill Gates is the co-founder of Microsoft, the largest software company in the world, and the co-chair of the Bill & Melinda Gates Foundation.
While most wealthy people tend to live in or near major economic centers in states with large economies, the extremely wealthy live where they please and can be found all across the country. All but six states have at least one billionaire, and all but one of those six have people with a net worth of at least $500 million. What makes Google unique, compared to the other companies featured on this list, is that its co-founders are relatively close in terms of total wealth.
Even so, deeply flawed as the Giving Pledge is, at least it manifests an intention to share the wealth. Among the 50 dynastic families studied by IPS, however, only four have any members who have signed 5 richest people in the us the pledge. Three of the 27 families on both the 1983 and 2020 “top 50” lists saw their wealth increase by less than 100 percent , and one saw their wealth actually decline modestly, by 11 percent .
Victoria Mars inherited in 2016 an estimated 8 percent stake in the Mars Inc. company founded by her great-grandfather more than a century earlier. The candy company, which now owns several other food and pet food brands, has an estimated $35 billion in sales annually. Victoria is not the only heiress of the Mars fortune to rank on this list. Her aunt Jacqueline Mars is the richest person in Virginia and her uncle John Mars is the richest person in Wyoming.
Despite being the lowest Massachusetts billionaire on the list, Hale has one of the highest philanthropy scores, donating over $259 million toward cancer research, educational institutions and other charitable causes, Forbes reported. Robert Hale is the founder and CEO of the telecommunications provider Granite Telecommunications which provides voice, data and other communications services, according to Forbes. The list was calculated using stock prices and exchange rates from Sept. 3, 2021. Millions of these people have lost their health insurance that was linked to their jobs. Since March 18, over 40.7 million people have filed for unemployment according to the Bureau of Labor Statistics. This doesn’t include millions more who have applied for help as self-employed workers.
Author: Matt Laslo