Business/Finance
See other Business/Finance ArticlesTitle: The Richest Person In Every State
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URL Source: http://www3.forbes.com/investing/th ... tm_content=localtv-5newsonline
Published: Jun 30, 2016
Author: Abram Brown
Post Date: 2016-06-30 23:23:12 by HAPPY2BME-4UM
Keywords: None
Views: 487
Comments: 2
In New York, the richest is lightning-rod industrialist David Koch. On the opposite coast, it’s Oracle founder Larry Ellison in California. Others will surprise. About one-fifth of the United States emerged as a question mark when we started, meaning that no one from those states was currently included in our annual chronicle of the world’s billionaires. With this in mind, a team of reporters (Dan Alexander, Kerry Close, Maggie McGrath, Chase Peterson-Withorn and Rebecca Spalding) examined the great fortunes of 10 states: Alabama, Alaska, Delaware, Idaho, Maine, Mississippi, New Mexico, North Dakota, South Dakota and Vermont. To compile this list, we not only tracked down easier-to-value public assets, but we dug up valuations of more difficult-to-assess private ones—oil wells in New Mexico, coal mines in Alabama, properties on the Vegas strip. Through careful estimation, 12 names emerged (with pairs of siblings tied for the top spot in Delaware and Maine). Four had appeared on FORBES’ rich lists before, like Vermont’s John Abele ($600 million), co-founder of Boston Scientific. Most are newcomers, such hotelier Gary Tharaldson ($930 million) in North Dakota and money manager Robert Gillam ($320 million) in Alaska. Many of these fortunes stand as ten-digit monuments to the American dream. Only 10 of the 50 are largely do-nothing heirs while the rest have either built their riches from scratch or inherited a company and grown it greatly. In the end, our reporting offers another marker of the entrepreneurial drive that pushed the country to 50 states in the first place. MORE .. Post Comment Private Reply Ignore Thread
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