Special Report

Richest Person in Every State

Source: Courtesy of Koch Industries

Kansas: Charles Koch
> Est. net worth: $42.8 billion
> Resides: Wichita

Kansas’ Charles Koch, along with his late brother David, made his fortune building and running Koch Industries, which operates in everything from paper products to chemical manufacturing to oil pipelines. The Koch brothers have been known for their participation in the American political system and for their financial support of conservative candidates, spending over $100 million to promote the Tea Party movement alone.

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Source: Courtesy of Public Storage

Kentucky: Tamara Gustavson
> Est. net worth: $5.0 billion
> Resides: Lexington

Tamara Gustavson is the largest shareholder of self storage company Public Storage, which was started by her father, B. Wayne Hughes, in 1972. Controlling 11% of the company, Gustavson has a net worth of $5 billion. She also sits on Public Storage’s board as well as on the board of American Homes 4 Rent, which was also founded by her father. Gustavson lives on her family’s horse breeding farm, Spendthrift Farms, in Lexington, Kentucky.

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Source: Chris Graythen / Getty Images

Louisiana: Gayle Benson
> Est. net worth: $3.1 billion
> Resides: New Orleans

Gayle Benson became the wealthiest person in Louisiana following the death of her husband, Tom Benson, in 2018. A legal battle with Tom’s children and grandchildren, who claimed he was mentally unfit when he gave her control of his assets, was eventually settled. Benson now owns both of New Orleans’s pro sports teams, the Pelicans and the Saints.

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Source: Courtesy of Getty Images

Maine: Susan Alfond
> Est. net worth: $1.9 billion
> Resides: Scarborough

Susan Alfond is the heiress to the Alfond family fortune. Alfond’s father founded the Dexter Shoe Company, which he sold to Warren Buffett for $420 million in Berkshire Hathaway stock in 1993. As Berkshire Hathaway stock has appreciated, the Alfonds have since made billions.

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Source: Win McNamee / Getty Images

Maryland: Ted Lerner and family
> Est. net worth: $5.5 billion
> Resides: Chevy Chase

Maryland’s Ted Lerner has been one of the biggest names in real estate for decades, getting his start in 1952 selling homes before moving into large-scale development. The Chevy Chase resident now has a net worth estimated at $5.5 billion. In 2006, Lerner bought the MLB’s Washington Nationals.

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