Special Report

Richest Person in Every State

Grant Suneson

Source: Courtesy of Auburn University

Alabama: Jimmy Rane
> Est. net worth: $900 million
> Resides: Abbeville

Lumber magnate Jimmy Rane, who advertises his company Great Southern Wood Preserving by posing as his alter ego Yella Fella, is Alabama’s wealthiest person. Rane, whose net worth is estimated at $900 million, continues to live in his small hometown of Abbeville and has made it his personal mission to revitalize the town.

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Source: Fsdbb3 / Wikimedia Commons

Alaska: Leonard Hyde, Jonathan Rubini and Families
> Est. net worth: $300 million (tied)
> Resides: Anchorage

Jonathan Rubini and Leonard Hyde are two of Alaska’s biggest names in real estate. The two own real estate development and management company JL Properties, which owns many properties in Anchorage, including the state’s tallest building, the ConocoPhillips Tower. Rubini and Hyde each own half of the business, giving them a $300 million estimated net worth each.

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Source: Courtesy of DriveTime Automotive

Arizona: Ernest Garcia II
> Est. net worth: $6.2 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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Arkansas: Jim Walton
> Est. net worth: $51.9 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, as well as other investments, making him the richest person in the state. Jim lives in Bentonville, home of the largest company in the world by revenue.

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Source: Alex Wong / Getty Images

California: Mark Zuckerberg
> Est. net worth: $81.9 billion
> Resides: Palo Alto

Mark Zuckerberg, Facebook’s co-founder and CEO, edged out Oracle’s Larry Ellison to become the wealthiest person in California. Zuckerberg had a net worth in excess of $80 billion as of early 2020. He was also the country’s fourth richest person, according to the 2019 Forbes 400. The fifth, sixth, and seventh richest people in America also live in California — Ellison, and Google co-founders Larry Page and Sergey Brin, respectively.

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