The Rise of Elon Musk: The Richest Man in Texas and Owner of Tesla and Twitter

2023-06-20 07:00:00
Elon Musk, the owner of Tesla and Twitter, is the richest man in Texas REUTERS/Gonzalo Fuentes

The United States is the country in the world with the largest number of people with fortunes in the hundreds of millions of dollars. It is known that in places like New York, California, Florida and Texas there is a large concentration of these personal fortunes. However, in almost every state in the country these billionaires stand out.

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Forbes magazine made its list that indicates who is the richest person in each state, achieving a list of 47 billionaires spread across the country. The last time they made this list was in 2019, and at that time there were 44 people on it, since in a few states there is no one whose personal fortune exceeds one hundred million dollars.

In the last four years, a third of the states changed the podium of the richest person. For example, in Texas today the richest person is Elon Musk. In 2019, the owner of Tesla lived in California. The same goes for the richest person in Florida today, which is Ken Griffin. The owner of Citadel used to live in Chicago.

Jeff Bezos’ personal fortune amounts to $149 billion. REUTERS/Danny Moloshok

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Four members of the list managed to have more than one hundred million dollars during these four years. This is the case of Ron Corio, the owner of the Array Technologies solar panel factory, who has just become the first person with more than a billion dollars in New Mexico. Vermont, Alabama and New Hampshire also made the list for the first time this year. The only states at this time in which no one whose personal fortune exceeds one hundred million dollars lives are Alaska, Delaware, and West Virginia. In the other 47 states there is at least one person with a fortune of that magnitude.

There are states where competition is fierce because there are many who have this type of money. For example, Bill Gates, owner of Microsoft, is not on the list because he lives in Washington state, where Jeff Bezos, owner of Amazon, also lives.

Despite having $116 million, Bill Gates is not on the list. Justin Tallis//Pool via REUTERS

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According to Forbes, there are 775 people with personal fortunes of more than one hundred million dollars in the United States and 60% of them live in four states: 179 in California, 130 in New York, 92 in Florida and 73 in Texas.

The average age of these millionaires is 73 years old, but there is a lot of breadth on the list. Walmart heir Lukas Walton, 36, is the youngest. Annette Lerner, owner of the Washington Nationals, at 93 years old is the oldest.

More than half of these millionaires made their fortunes in just four industries: finance, fashion, food and technology. Two-thirds of those on the list made their money alone, the rest inherited fortunes.

Jimmy Rane, Alabama

Jonathan Rubini y Leonard Hyde, Alaska

Arturo Moreno, Arizona

Jim Walton, Arkansas

Larry Page, California

Philip Anschutz, Colorado

Ray Dalio, Connecticut

Elizabeth Snyder, Delaware

Ken Griffin, Florida

Dan Cathy, Bubba Cathy y Trudy Cathy White, Georgia

Larry Ellison, Hawaii

Frank VanderSloot, Idaho

Lukas Walton, Illinois

Carl Cook, Indiana

Harry Stine, Iowa

Charles Koch, Kansas

Tamara Gustavson, Kentucky

Gayle Benson, Louisiana

Susan Alfond, Maine

Annette Lerner, Maryland

Abigail Johnson, Massachusetts

Daniel Gilbert, Michigan

Glen Taylor, Minnesota

Thomas Duff y James Duff, Mississippi

John Morris, Missouri

Dennis Washington, Montana

Warren Buffett, Nebraska

Miriam Adelson, Nevada

Rick Cohen, New Hampshire

Rocco Commisso, New Jersey

Ron Corio, New Mexico

Michael Bloomberg, New York

James Goodnight, North Carolina

Gary Tharaldson, North Dakota

Les Wexner, Ohio

Harold Hamm, Oklahoma

Phil Knight, Oregon

Jeff Yass, Pennsylvania

Jonathan Nelson, Rhode Island

Robert Faith, South Carolina

T. Denny Sanford, South Dakota

Thomas Frist Jr, Tennessee

Elon Musk, Texas

Gail Miller, Utah

John Abele, Vermont

Jacqueline Mars, Virginia

Jeff Bezos, Washington

Brad Smith, West Virginia

John Menard Jr, Wisconsin

John Mars, Wyoming

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The ranking of the richest cities in the world: the United States surpassed China and Australia with 10 of the 50 placesWho is the youngest billionaire in the world: he is 18 years old, has a fortune of 3.5 billion and is the owner of an emblematic brand
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