Special Report

The Richest Person in Every State

Source: Courtesy of Auburn University

Alabama: Jimmy Rane
> Net worth: $950 million
> Residence: 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.

Source: Courtesy of JL Properties

Alaska: Jonathan Rubini and Leonard Hyde
> Net worth: $310 million
> Residence: Anchorage

own real estate development and management company JL Properties, which controls many properties in Anchorage, including the state’s tallest building, the ConocoPhillips Tower. Rubini and Hyde each owns half of the business, giving them a $310 million estimated net worth each.

Source: Courtesy of DriveTime Automotive

Arizona: Ernest Garcia II
> Net worth: $8.6 billion
> Residence: 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

Arkansas: Jim Walton
> Net worth: $66.2 billion
> Residence: 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 ranks as one of the 20 richest people in the world. Walton lives in Bentonville, the Arkansas home of the largest company in the world by revenue.

Source: Chris Hondros / Getty Images

California: Larry Page
> Net worth: $111 billion
> Residence: Palo Alto

Google co-founder Larry Page surpassed fellow tech mogul Mark Zuckerberg to become the richest person in California, with a fortune of $111 billion. As of 2022, he ranked as the sixth wealthiest person in the world. In 2019, Page stepped down as CEO of parent company Alphabet but he is still a board member.

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