America’s three richest billionaires – Jeff Bezos, Bill Gates, and Warren Buffet – are wealthier than the entire bottom half of the nation’s population combined. While Americans are well aware of these three billionaires and what they do, there’s still a surprising amount of other people who are in America’s billionaire’s club. Keep reading to see who the richest people are in each of America’s largest cities.
A Phoenix billionaire did something amazing for his employees’ children before he died.
Alice Walton Is The Richest Woman In Fort Worth, Texas
Alice Walton is reportedly the second wealthiest female billionaire by net worth in the world. Daughter of Walmart founder Sam Walton, she has a reported net worth of $41.8 billion as of May 2018.
While much of her wealth ostensibly comes from Walmart shares, Walton has had a successful career in her own right. She previously worked as an equity analyst, money manager, and broker before founding her own investment bank in 1988. Though it closed ten years later, Walton has dedicated her time to art collecting and developing the Crystal Bridges Museum of American Art in Arkansas where she was born.
Phoenix’s Bruce Halle Sent Thousands Of His Employees’ Children To College
Bruce Halle only had six tires to showcase in his showroom when he founded Discount Tires in 1960 in Ann Arbor, Michigan. Today, the discount tire retailer has expanded into a $4.3 billion dollar business with 950 locations.
Halle resided in Phoenix, Arizona, where he had an estimated net worth of $4.6 billion upon his passing in January 2018. Through his program, the Bruce T. Halle Scholarship Program, he was able to fund $8.5 million in college tuition for his employees’ children.
Nike Founder Phil Knight Is A Portland Billionaire
Based in Portland, Oregon, billionaire Phil Knight has an estimated net worth of $34.8 billion. While attending the University of Oregon, Knight ran track under coach Bill Bowerman. Knight and Bowerman each invested $500 to start Blue Ribbon Sports, which would eventually evolve into Nike.
Today, Nike’s revenues amount to $34 billion, employing almost 75,000 employees across 52 countries. Knight pledged hundreds of millions of dollars to his alma maters in 2016, the same year he retired as chairman after 52 years with Nike.
Maryland Billionaire Steve Bisciotti Added The Ravens To His Wealth
Steve Bisciotti is the current majority owner of the NFL’s Baltimore Ravens and another self-made billionaire on this list. As of 2018, his net worth is a reported $4.5 billion, which makes him one of the richest people in Baltimore.
While the Batimore Ravens’ Super Bowl win in 2012 certainly boosted his income, Bisciotti initially attained his wealth from a company that he started with his cousin. Allegis Group is the largest private staffing firm in the world and currently brings in $11 billion in annual revenue.
America’s wealthiest real estate developer is named Donald, but it’s NOT who you think it is…
Min Kao Is A Kansas Billionaire Who Helped Found Garmin
Min Kao is a Tawainese-born American businessman who co-founded Garmin in 1989 with Gary Burrell. Kao and Burrell were forerunners in GPS equipment and developed the first GPS navigator while working at Allied Signal.
Kao stepped down as CEO of Garmin in 2012 but remains executive chairman and is a member on the board. Today, the Leawood, Kansas resident has an estimated net worth of $3.6 billion. Kao has donated millions of dollars to university engineering programs in his personal time.
Pennsylvania Billionaire Mary Alice Dorrance Malone Is A Soup Heiress
Mary Alice Dorrance Malone has an estimated net worth of $3.1 billion thanks to her Campbell’s soup fortune. Her grandfather, John T. Dorrance, Sr., developed a condensed soup formula in 1897 that transformed the company forever.
Malone currently resides in Coatesville, Pennsylvania and is the largest shareholder of the Campbell’s Soup Company. She sits on the board with her brother, Bennett Dorrance, who is a real estate developer based in Phoenix. Malone also owns estates and performance centers throughout Pennsylvania and Florida.
Michael Dell Is The Billionaire Of Austin, Texas
As of 2018, Michael Dell is worth a whopping $28.3 billion dollars which probably makes him the wealthiest resident of Austin, Texas. Not bad for someone who never finished college.
Dell started selling computers out of his dorm room in the mid-’80s, which soon turned into a lucrative business venture combined with his business savvy. The self-made billionaire was already chairman and CEO of what is now Dell Technologies after it merged with computer storage conglomerate EMC Corporation in 2016.
Ken Griffin Is Among Chicago’s Wealthiest Citizens
Ken Griffin began trading stocks in his dorm at Havard, even going so far as to install a satellite on the roof to acquire real-time stock quotes. Griffin’s early and ambitious start paid off when as of 2018, he was officially the richest person in Illinois and the 52nd richest person in the United States.
Based in Chicago, Griffin is the founder and CEO of the global investment firm Citadel, which has launched him into acquiring an estimated net worth of $9.9 billion.
Los Angeles Resident Donald Bren Is A Real-Estate Billionaire
A man named Donald is America’s wealthiest real-estate developer – and his last name isn’tTrump. Donald Bren is the chairman and owner of real estate investment company, Irvine Company.
Los Angeles-based Bren has an estimated net worth of $16.4 billion. Irvine Company owns over 115 million square feet of real estate primarily in Southern California. This includes 500 office buildings, 60,000 apartments, and over 40 shopping centers. In 2008, Bren was named one of the top ten philanthropists in the nation, donating to education and conservation efforts.
Atlanta Billionaire Anne Cox Chambers Quietly Donates Her Wealth To The Arts
Anne Cox Chambers is not only the wealthiest person in Georgia, but she’s also the 53rd-richest person in the world. She has a net worth estimated at $17 billion, according to Forbesin 2016.
Much of Chambers’ wealth comes from shares from the media empire Cox Enterprises, which she inherited from her father. A majority of that number has been given to worthy causes such as the Atlanta Symphony Orchestra, Fernbank Museum of Natural History, the Jimmy Carter Library and Museum, the High Museum of Art, and many others.
A billionaire coming up made the largest campaign contribution in American history to benefit Donald Trump.
New Albany’s Les Wexner Is The Man Behind Victoria’s Secret
People who love brands like Bath & Body Works and Victoria’s Secret have Les Wexner to thank. The New Albany, Ohio resident is the chairman and CEO of L Brands, which owns the popular retail chains.
Wexner’s estimated net worth is $4.3 billion as of 2018. In 1963, Wexner used a $5,000 loan from his aunt to launch The Limited, which expanded when Wexner acquired Victoria’s Secret in 1982. L Brands sells more than $12 billion in lingerie, soaps, and candles.
Charlie Ergen Became Denver’s Billionaire From A Business He Ran Out Of His Car
Charlie Ergen’s estimated net worth of $10.8 billion makes him the wealthiest citizen of Denver, Colorado. Ergen got his start in 1980, when he began selling satellite dishes from the back of a truck.
His business eventually grew into what became known as Dish Network and Echo Star. Ergen served as CEO up until 2011 and for a brief moment in 2015. Today, his shares only account for about half of both Dish and Echo Star, respectively.
Boston Billionaire Abigail Johnson Was Slated To Take Over Fidelity
Abigail Johnson has a net worth of $17.1 billion, which ostensibly makes her the wealthiest woman in Boston. Her grandfather, Edward Johnson II, founded Fidelity Investments in 1946.
Johnson worked her way up in the family business, working at Fidelity during summers through college and eventually signing on as a full-time analyst after getting her MBA. In 2014, she took over the role of CEO from her father and in 2016 was named the chairman of the company.
Las Vegas’ Sheldon Adelson Made The Largest Political Campaign Donation In American History
Sheldon Adelson went from sleeping on tenement floors in Boston to becoming the owner of the largest casino company in America. Adelson is the CEO and chairman of Las Vegas Sands and has an estimated net worth of $35.5 billion.
Adelson is the son of European immigrants and has grown to own more than half of the $13 billion in sales of his casino empire. In 2017, Adelson contributed $5 million to Donald Trump’s inaugural committee.
Nancy Lerner Became The Wealthiest Woman In Cleveland Thanks To Her Dad
Nancy Lerner is now one of the wealthiest women in Cleveland, Ohio. Lerner has an estimated net worth of $1.1 billion, much of which was inherited upon the passing of her father Al Lerner in 2002.
The elder Lerner started out as a furniture salesman who began investing in Cleveland real estate before he obtained control of Equitable Bancorp in 1981, a move that would prove extremely lucrative by 2005 in a merger with Bank of America.
Before his business made him millions, an upcoming billionaire had to keep his company afloat by gambling in Las Vegas.
Franklin Billionaire Daniel Gilbert Brought A Lot Of Jobs To Detroit
Daniel Gilbert is the co-owner of the Cleveland Cavaliers. It’s no surprise that the Cavaliers play in the Quicken Loans Arena, since Gilbert founded the online mortgage lender in 1985.
Today, Gilbert resides in Franklin, Michigan and has an estimated net worth of $7.1 billion. In 1999, Gilbert sold Quicken Loans to Intuit for $532 million, but bought it back in 2002 for $64 million. In 2010, Gilbert moved the company to downtown Detroit. Quicken Loans is now Detroit’s largest employer.
Jacqueline Mars Is A Billionaire Thanks To Her Grandpa’s Candy Company
Jacqueline Mars is certainly the wealthiest resident of The Plains, Virginia. She is an heiress to the world’s largest candy confectioner, Mars, Incorporated, which was founded by her grandfather, Frank C. Mars.
As of 2018, her estimated net worth amounts to $24.3 billion. Of course, she worked hard for her shares of the family company – of which she owns a third – having worked for 20 years, serving on the board until 2016. She is now a philanthropist who serves on the boards of the Smithsonian and the National Archives.
Houston Billionaire Richard Kinder Helps Fund Quality Of Life In His City
Richard Kinder is another Texas billionaire based in Houston. With an estimated net worth of $6.6 billion, Kinder is the co-founder and chairman of Kinder Morgan, which he founded in 1997.
Kinder Morgan is the largest energy infrastructure firm in America. The company currently owns or operates over 84,000 miles of oil and gas pipelines. Kinder stepped down as CEO in 2015 and currently operates Kinder Foundation, which funds education and art initiatives in Houston, Texas.
Herb Simon Is Indianapolis’ Billionaire From A Shopping Mall Fortune
Herb Simon’s estimated net worth of $3.2 billion is owed to Simon Property Group, which he founded with his late brother Melvin in 1960. Simon Property owns 179 shopping malls all over the globe, covering 153 million square feet across the United States, Europe, and Asia.
In addition to his real estate investment trust, Simon sits on the board of the Cheesecake Factory and is also the owner of the Indiana Pacers, which is reportedly worth $880 million.
Memphis Billionaire Frederick Smith Helped Keep FedEx Afloat By Gambling
Memphis resident Frederick Smith is the founder, president, chairman, and CEO of FedEx. Smith conceived the idea for FedEx when writing a term paper for Yale in 1965.
The Vietnam veteran launched FedEx in 1971, when it was originally Federal Express. Within its first two years, FedEx lost $29 million, so Smith kept the company afloat by winning $27,000 at Las Vegas blackjack tables. As of 2018, Smith has an estimated net worth of $5.4 billion.
Palm Beach Resident Thomas Peterffy Used To Be Penniless In Hungary
Hungarian-born Thomas Peterffy is the founder, chairman, and CEO of Interactive Broker’s Group, Inc. Upon its founding in 1993, Interactive Broker’s Group was a pioneer in digital trading but has been phased out in recent years due to faster competitors.
Still, Peterffy maintains an estimated net worth of $20.2 billion, which not only makes him the richest Hungarian, but also the wealthiest man in Florida. Peterffy’s Hungarian ancestors were aristocrats who lost their wealth to the Soviets.
Whitney MacMillan Is Minneapolis’ Billionaire
Whitney MacMillan resides in Minneapolis, Minnesota and currently has an estimated net worth of $6.3 billion. MacMillan was the CEO and Chairman of the Board of Cargill until 1995.
MacMillan’s great-grandfather, W.W. Cargill began the family business in 1865, when it started out as a single grain warehouse at the end of an Iowa railroad line. Today, Cargill does hundreds of billion in sales across food, agriculture, finance, and industrial divisions. The MacMillian-Cargill family still owns 90% of the business.
Thomas Frist, Jr. Is The Wealthiest Man In Tennessee
Thomas Frist, Jr. founded Hospital Corp. of America in 1968 with his father. Today, Hospital Corp. of America owns and operates over 170 hospitals across the United States and London.
Frist, who was formerly an Air Force flight surgeon, has an estimated net worth of $11.9 billion as of 2018. Based in Nashville, Frist resides in Belle Meade, Tennessee and is reportedly the wealthiest citizen of that state. Frist currently doesn’t hold an executive position at HCA, but his sons are on the board.
Tom Benson Was A Billionaire Sports Team Owner In New Orleans
New Orlean’s own Tom Benson was known for owning the New Orleans Saints and the New Orleans Pelicans, which allowed him to amass an estimated net worth of $3 billion. The late Benson passed away in March 2018.
For many years, Benson was locked in an intense feud with his daughter and grandchildren, who argued that he was not mentally fit to run the sports teams that the family owned. Before his death, the feud ended in 2017 in a confidential settlement.
David Koch Is An NYC Billionaire Thanks To Paper Cups And Toilet Paper
David Koch is a New York City billionaire with an estimated net worth of $52.9 billion. Koch and his brother Charles operate Koch Industries, which is the second-largest privately-held company in the United States.
Koch Industries makes Dixie cups and Quilted Northern toilet paper, in addition to operating pipelines and producing fertilizer. Koch currently oversees the chemical technology group of the company. In 1980, David Koch ran as a Libertarian vice presidential candidate alongside Ed Clark.
Harold Hamm Went From Cotton Picking To Becoming An Oklahoma Billionaire
Harold Hamm is the wealthiest man in Oklahoma City, Oklahoma, with an estimated net worth of $17.2 billion. Hamm operates Continental Resources, which is one of the nation’s largest independent oil companies.
As the son of Oklahoma sharecroppers, Hamm picked cotton in his youth and took a job at a gas station when he was 16 years old to support his family. Hamm is a pioneer in the oil industry for having the idea to use horizontal drilling in North Dakota’s Bakken region.
Henry Hillman Was A Pittsburgh Billionaire That Gave Back To His Community
Henry Hillman used to be the wealthiest man in Pittsburgh, Pennsylvania and invested much of his wealth into his city before his passing in 2017. He had an estimated net worth of $2.6 billion acquired from his family business, Pittsburgh Coke & Chemical, as well as from backing private equity and venture capital firms.
Hillman became one of Pittsburgh’s most prominent philanthropists, supporting many initiatives that helped the community. Some of his most notable contributions were to the Carnegie Library of Pittsburgh and the Children’s Hospital of Pittsburgh.
Jonathan Nelson Is The Smallest State’s Big Time Billionaire
Jonathan Nelson is one of the wealthiest men in Providence, Rhode Island. In 1989, he founded Providence Equity Partners. He currently serves as the CEO of the private equity firm, which has $42 billion in assets.
Providence Equity Partners has invested in more than 180 companies in media, communications, education, and information industries. Today, Nelson has an estimated net worth of $1.8 billion and donates generously to his alma mater, Brown University, where he serves as a fellow.
James Goodnight Is A North Carolina Billionaire Whose Software Is Used Worldwide
James Goodnight is ostensibly the wealthiest man in Raleigh, North Carolina. Goodnight’s wealth is attributed to SAS Institute, an analytics software firm he started with John Sall. Today, SAS Institute’s products are used at 83,000 organizations worldwide, generating a revenue over $3 billion.
Today, Goodnight has an estimated net worth of $8.8 billion. Goodnight and Sall are long-time business partners, who in addition to SAS, co-own a country club and a hotel, as well as founding the Cary Academy.
Jack Dangermond Is A Billionaire Environmental Scientist
Jack Dangermond is an environmental scientist who lives in Redlands, California with an estimated net worth of $4.1 billion. Dangermond and his wife Lisa founded ESRI, Environmental Systems Research Institute, which uses GIS technology to create digital maps.
In 2017, the Dangermonds donated $165 million to establish the Jack and Lisa Dangermond Preserve on the Pacific Coast. Their contribution is noted as the largest gift in history to the Nature Conservancy. Dangermond is the current president of ESRI, which he operates out of his native Redlands.