Special Report

Richest Person in Every State

Source: YellaWood / YouTube

Alabama: Jimmy Rane
> Est. net worth: $950 million
> Resides: Abbeville

Lumber magnate Jimmy Rane, who advertises his company Great Southern Wood Preserving by posing as his alter ego Yella Fella, recently took over as Alabama’s wealthiest person. Rane, whose net worth is estimated at $950 million, continues to live in his small hometown of Abbeville and has made it a personal mission to revitalize the town.

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Source: Courtesy of JL Properties

Alaska: Jonathan Rubini and Leonard Hyde
> Est. net worth: $310 million
> Resides: Anchorage

Jonathan Rubini and Leonard Hyde are two of Alaska’s biggest names in real estate. The men share ownership of their company, JL Properties, which owns many properties in Anchorage, including the state’s tallest, the ConocoPhillips Tower.

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Source: BCFC / Getty Images

Arizona: Ernest Garcia, II
> Est. net worth: $3.8 billion
> Resides: Tempe

Arizona’s Ernest Garcia has made his fortune in the automotive business. He owns major used car retailer DriveTime Automotive and is the largest shareholder of online used car selling platform Carvana. Carvana was founded by Garcia’s son as part of DriveTime before it became a separate system.

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Source: walmartcorporate / Flickr

Arkansas: Jim Walton
> Est. net worth: $45.7 billion
> Resides: Bentonville

Jim Walton — the youngest son of Sam Walton, founder of Walmart — is one of the many heirs to the retail giant’s fortune. He also has a slightly larger stake in the company than the other heirs, making him the richest person in the state. Sam lives in Bentonville, the Arkansas home of the largest company in the world by revenue.

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Source: oracle_images / Flickr

California: Larry Ellison
> Est. net worth: $64.0 billion
> Resides: Woodside

With a net worth of $64 billion, Larry Ellison is California’s richest resident and one of the richest people in the world. Ellison is a cloud computing pioneer. He founded his company Oracle in 1977 and still serves as its chairman and CTO.

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