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The richest family in America has their home state in Arkansas. The Walton family is well known throughout the world as one of the leading retail brands: Walmart. Due to recent circumstances, they are in contention with the Bezos family for being the richest family in America, but the Waltons are the longest-running family and have topped the leaderboards for decades. What started as a small store in Arkansas has become a retail giant that is present in numerous locations, with franchises all over the world - mainly in North America.
In 1987, Sam Walton created a charitable foundation called the Walton Family Foundation. It is focused on charter schools, but after its inception encompassed more issues in its program, particularly around the environment and water sanitation standards. In 2016, most recently, Alice and Jim Walton placed a $250 million grant toward the building of charter school facilities. The Foundation has created an initiative that provides the charter schools with better access to capital which creates and expands their facilities.
The family of Elon Musk is the second richest family in the United States. Musk, who owns Tesla, SpaceX, and Twitter, is worth an estimated $128 billion. Musk’s net worth was once around $180 billion, but his acquisition of Twitter for $44 billion caused a decline. Musk has nine children between the ages of two and twenty-one with whom he can share his enormous fortune.
The Bezos family is one such similar success, albeit a longer road. While there are families with multiple members, the Bezos family's wealth's lion's share is Jeff Bezos himself. Jeff Bezos is the founder of Amazon, which has become the largest global online retailer in the world. Since then, Amazon has grown to be part of many different types of vertical channels, which include cloud services, participation in the gig economy, and providing entrepreneurial tools. Amazon has come a long way from its humble beginnings of being an online book delivery store.
State | Richest Family Name | Estimated Worth in Millions | Business |
---|---|---|---|
Arkansas | Walton Family | 247,000 | Walmart |
Texas | Elon Musk Family | 128,000 | Tesla, SpaceX, Twitter |
Washington | Bezos Family | 118,500 | Amazon |
Hawaii | Larry Ellison Family | 102,600 | Oracle |
Nebraska | Buffett Family | 100,000 | Berkshire Hathaway |
Virginia | Mars Family | 94,000 | Mars Inc. |
California | Larry Page and Family | 83,600 | |
New York | Bloomberg Family | 82,000 | Bloomberg |
Kansas | Koch Family | 66,000 | Koch Industries |
Minnesota | Cargill-MacMillan Family | 47,000 | Cargill Inc. |
Nevada | Adelson Family | 42,800 | Las Vegas Sands Casonos |
Oregon | Knight Family | 41,500 | Begginigns at Blue Ribbon Sports, cofounded Nike |
Massachusetts | Johnson Family | 37,000 | Fidelity |
Wisconsin | Johnson Family | 37,000 | SC Johnson |
Georgia | Cox Family | 34,500 | Cox Enterprises |
Illinois | Pritzker Family | 32,500 | Hyatt hotels chain |
Pennsylvania | Jeff Yass Family | 28,500 | Susquehanna International Group |
Connecticut | Ray Dalio Family | 28,100 | Bridgewater Associates |
Florida | Peterffy Family | 25,700 | Interactive Brokers |
Tennessee | Frist Family | 21,800 | Hospital Corporation of America |
Oklahoma | Hamm Family | 19,500 | Hamm’s Continental Resources |
Michigan | Daniel Gilbert Family | 18,300 | Majority owner of Quicken Loans/Rocket Mortgage. Also owns several sports franchises, including the Cleveland Cavaliers (NBA), the Clevaland Charge (NBA G-League), and the Cleveland Monsters (AHL). |
Missouri | Busch Family | 17,600 | Anheuser-Busch breweries |
New Jersey | Dorrance Family | 17,100 | Inventor of condensed soup and stake owners in Campbell Soup. |
Kentucky | Brown Family | 12,300 | Brown-Forman Corp |
Colorado | Anschutz Family | 11,000 | Oil, railroads, telecom, real estate and entertainment industries |
North Carolina | Goodnight Family | 9,900 | Software firm SAS |
Arizona | Ernest Garcia, II. | 8,500 | DriveTime Automotive |
Indiana | Cook Family | 8,200 | Cook Group |
Idaho | Simplot Family | 7,700 | J.R. Simplot Company |
Maine | Alfond Family | 6,500 | Dexter Shoe Co. |
Maryland | Lerner Family | 6,400 | Real estate developer and the owner of the Washington Nationals baseball team |
Montana | Washington Family | 5,900 | Washington Companies |
Wyoming | Wyss Family | 5,800 | Synthes |
Ohio | Wexner Family | 5,400 | Les Wexner |
Delaware | Gore Family | 5,300 | W.L. Gore & Associates |
South Carolina | Zucker Family | 4,000 | InterTech Group |
South Dakota | Sanford Family | 3,400 | First Premier Bank |
Iowa | Stine Family | 3,200 | Multinational plant genetics companies including Monsanto, Syngenta and others |
Louisiana | Benson Family | 3,000 | Saints NFL football team and Pelicans NBA basketball team |
Mississippi | Duff Family | 2,400 | Duff Capital Investors |
West Virginia | Justice Family | 1,900 | Owns coal mines in five states |
Rhode Island | Nelson Family | 1,800 | Providence Equity Partners |
Utah | Miller Family | 1,400 | Toyota dealerships |
New Hampshire | Reimann-Ciardelli Family | 1,100 | Holding company that owns Peet's Coffee, Krispy Kreme and Panera Bread. |
Alabama | Rane Family | 1,000 | Great Southern Wood Preserving |
North Dakota | Tharaldson Family | 900 | Hotel investments |
Alaska | Gillam Family | 700 | McKinley Capital Management |
New Mexico | Chase Family | 700 | Mack Energy Corp |
Vermont | Abele Family | 630 | Boston Scientific |