Special Report

The Richest Person in Every State

Source: Courtesy of Sanford Burnham Prebys Medical Discovery Institute

South Dakota: T. Denny Sanford
> Net worth: $3.4 billion
> Residence: Sioux Falls

T. Denny Sanford made much of his fortune with First Premier Bank. Sanford now works as CEO of the bank’s holding company, United National Corporation. Sanford has committed much of his immense wealth to improving the lives of children in and around South Dakota. He has donated hundreds of millions of dollars to children’s hospitals and medical schools in the Midwest.

Tennessee: Thomas Frist Jr.
> Net worth: $21.8 billion
> Residence: Nashville

Thomas Frist Jr. founded Hospital Corporation of America with his father, Thomas Frist Sr., in 1968. Today, the company owns dozens of hospitals in the United States and the U.K. Frist’s net worth increased from $122.4 billion in 2019 to $21.8 billion in 2022.

Source: Maja Hitij / Getty Images News via Getty Images

Texas: Elon Musk
> Net worth: $219 billion
> Residence: Austin

Everything is bigger in Texas, including the fortunes. Elon Musk, the world’s richest person, recently relocated to Austin. Musk derives his wealth from a host of businesses, including SpaceX, Tesla, and more. Musk’s net worth could be in flux soon. As of July 2022, Musk was attempting to pull out of a proposed $44 billion deal to buy Twitter.

Source: Chris Gardner / Getty Images

Utah: Gail Miller
> Net worth: $3.2 billion
> Residence: Salt Lake City

Gail Miller owns the Larry H. Miller Group, which she started with her late husband, Larry. The group owns a wide variety of companies, including car dealerships and theater complexes. In 2020, Miller sold the majority ownership of the NBA’s Utah Jazz for $1.7 billion, while retaining a small stake in the team.

Vermont: John Abele
> Net worth: $640 million
> Residence: Shelburne

Though John Abele is retired, he still has a small stake in Boston Scientific, a medical device company he co-founded in 1979. Abele was once a billionaire, but he donated much of his wealth, leaving him with $640 million.

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