list of millionaires in georgia list of millionaires in georgia

NEW DELHI: There are a whopping 4,12,000 dollar-millionaire (networth of at least Rs 7 crore) households in India while the number of households that boast a wealth of at . If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Forest Preston Net Worth - $2.1 Billion Forrest Preston is a self-made billionaire who founded Life Care Centers of America in the 1970s. Abigail Johnson, CEO and chairwoman of Boston-based Fidelity Investments, is the state's wealthiest resident with a net worth of $14.1 billion. For a $400,000 home, the state-wide average tax in Nebraska comes to $7,421 per year. Income is close to national levels, but house prices are well below. The heir to the Dexter Shoe Company has a net worth of $1.5 billion. And high taxes don't help matters. And although median income is 24% below the national level, home prices are a whopping 42% cheaper than the U.S. median. Financial managers are among the highest paid professionals in the state. Kapaa, on Hawaii's fourth-largest island of Kauai, and Honolulu have two of the highest concentrations of millionaire households in the U.S. Sign up for free Patch newsletters and alerts. Heck, petroleum engineers are some of the best-paid professionals in the state. Real estate taxes are the fourth-highest in the country, and the state has not only a gift tax, but a luxury tax. 33% of U.S. millionaires are women. Largely rural and remote, Vermont is a comparatively expensive state in which to live in other ways, too. Everything is bigger in Texas. Unemployment rates and poverty rates in these Georgia cities barely scratches 4.5%. Through his business activities with the Kazakh fintech firm KASPI, Mr. Lomtadze amassed an estimated fortune of $3.8 billion. But if you have taxable income, the rate gets high quickly. The Golden State is home to the most millionaires in the nation, at more than 1 million households, and claims four of the top 10 metro areas with the highest concentrations of millionaires. Virginia: 272,103 8.31% 9 Ohio: 261,157 5.54% 10 Massachusetts: 254,201 9.38% 11 Georgia: 239,287 6.07% 12 Although California and New York have a great deal of millionaires in terms of raw numbers, they don't have the highest concentrations of rich households. And as any East Coast traveler can tell you, New Jersey is no longer a place where you can hop off an exit and buy cheap gas. Low costs are great, but there's not as much to like when it comes to paying taxes. California boasts numerous metro areas including Napa, San Francisco, San Jose and Oxnard that are loaded with wealth. Former New York City mayor Michael Bloomberg has given some $330 million in Covid-19 related funding. Published 21 February 23. Median income for all households is below the U.S. level, and yet home prices are well above the national median. 10 Best Value Stocks for Gritting Out the Downturn. West Virginia has a relatively low concentration of millionaires, but the cost of living is 12.2% lower than the national average, according to the BEA. Anesthesiologists, obstetricians and gynecologists are also within the top 10. Happily, Alabama is a tax-friendly state, especially as it pertains to retirees. Sales taxes lean high, and in some areas, groceries are taxed as well. Concentration of millionaires: 7.2% Median income for all households: $63,032 (U.S.: $61,937) Median home value: $231,100 (U.S.: $229,700) The Hudson, New York, micro area has emerged as an. Although sales taxes in Vermont are modest, it's an expensive place to own a home (as well as heat it). 2. The Wealth & Affluent Monitor rankings used a combination of data, including information from the Survey of Consumer Finance, which allowed the reports authors to determine the general distribution of households by their level of investable assets. When it comes to paying taxes, the situation for Kentucky residents is mixed. 4. Largely rural and remote, expenses in the Pine Tree State run about 10% above the national average, according to the Council for Community and Economic Research (C2ER). North Carolina's tax situation is just so-so. That's partly due to a median home value of more than $265,700, which is well above the national average. Unfortunately for millionaires and non-millionaires alike, Michigan is not tax-friendly. Agriculture, oil, copper and timber all play an important role in the economy, to say nothing of travel and tourism. Indeed, Salina and Pittsburg, Kansas, are two of the cheapest small towns in America. The flip side is, the burden of other state and local taxes in the Evergreen State is heavier. And rents and mortgages are closing in on triple the national average, making D.C. one of the most expensive cities in the U.S. The best healthcare stocks offer investors a defensive hedge in an uncertain market. 76% of millionaires in the U.S. are white, and white people account for 60% of the total U.S. population. As such, the Mountain State's median real estate taxes are among the lowest in the U.S., according to the Tax Foundation. His net worth is an astounding $110 billion. As of March 2019, here are the world's 13 black billionaires. 1 Anne Cox Chambers $17 Billion View Profile 2 Jim Kennedy $8.2 Billion View Profile 3 Arthur Blank $7 Billion. 2023 Cox Media Group. Still, Californians pay high sales taxes, as well as high fuel taxes on all that driving they have to do. Taxes in Kansas aren't kind to retirees either. Published 17 January 23. . Residents pay more for housing and utilities, in particular. But not all of New Jersey's millionaires are clustered near the Big Apple. Income taxes are on the high end because more than 200 school districts and Appanoose County add their own income taxes on top of the state-level tax. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there. Tobi Lutke, founder of Shopify - US$ 11.6 billion. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again. The top 10 states for millionaires in 2018 were: The states with the least number of millionaires were mainly concentrated in the South and Southwest, again with some exceptions. It's one of five states without a general sales tax, and it has relatively low property taxes. On the other hand, Alaska is among the most tax-friendly states in the country. Mikheil Lomtadze is a new addition to the list of the world's wealthiest people. That's fewer than 1 percent. How does one get their hand on one of these Georgia cities where living your best life is very expensive? Feel free to check out some more reading about Georgia: Population: 12,833Rank Last Year: 1 (No Change)Median Income: $110,253Unemployment Rate: 2.3%Poverty Rate: 3.6%More on Braselton: Real Estate|Photos, Population: 5,093Rank Last Year: Median Income: $77,509Unemployment Rate: 0.0%Poverty Rate: 2.8%More on Temple: Real Estate|Photos, Population: 7,615Rank Last Year: 4 (Up 1)Median Income: $94,189Unemployment Rate: 3.0%Poverty Rate: 2.0%More on Tyrone: Real Estate|Photos, Population: 9,194Rank Last Year: 3 (Down 1)Median Income: $83,100Unemployment Rate: 1.0%Poverty Rate: 5.2%More on Flowery Branch: Real Estate|Photos, Population: 51,103Rank Last Year: 5 (No Change)Median Income: $97,868Unemployment Rate: 2.2%Poverty Rate: 6.2%More on Dunwoody: Real Estate|Photos, Population: 82,068Rank Last Year: 6 (No Change)Median Income: $133,948Unemployment Rate: 3.6%Poverty Rate: 3.6%More on Johns Creek: Real Estate|Photos, Population: 7,066Rank Last Year: 9 (Up 2)Median Income: $72,835Unemployment Rate: 2.0%Poverty Rate: 2.8%More on Bremen: Real Estate|Photos, Population: 33,857Rank Last Year: 7 (Down 1)Median Income: $92,648Unemployment Rate: 3.3%Poverty Rate: 5.6%More on Woodstock: Real Estate|Photos, Population: 40,487Rank Last Year: 8 (Down 1)Median Income: $136,020Unemployment Rate: 4.2%Poverty Rate: 4.3%More on Milton: Real Estate|Photos, Population: 37,867Rank Last Year: 2 (Down 8)Median Income: $103,374Unemployment Rate: 3.4%Poverty Rate: 6.8%More on Peachtree City: Real Estate|Photos. By Kyle Woodley Besides the obvious: high paying jobs, safe cities and neighborhoods, gold star schools, and high-end amenities, we know that the one percent like to be catered to on a different level. For 2019, it was 5.4% on income over $8,424. But what makes Minnesota really stand out is that its lowest income tax rate is 5.35%. The cost of living in Indiana overall is 10.7% below the national average. These privileged few used Jekyll Island as a hunting and golf retreat, escaping cold winters here and building these historic homes that have been lovingly restored to their former glory. No wonder Massachusetts has a cost of living 22% higher than the national average, according to C2ER. The Beaver State's cost of living is 1.1% higher than the U.S. average. Here are members Forbes list of 2022 billionaires with ties to Georgia: Bernard Marcus, Home Depot, $8.6 billion Jim Kennedy, Cox Enterprises, $7.9 billion Arthur Blank, Home Depot/Atlanta. Total Money Donated so far is $5 million. It also has the lowest beer taxes in the nation, a nice perk. Oil wealth is what gives Alaska its high percentage of millionaires. The ranking includes 2,153 people who have a combined wealth of $8.7. Of Atlanta residents with a minimum 10-figure net worth, Jim Kennedy is the wealthiest, worth an estimated $8.2 billion. Chuck Feeney. Although New Jersey gives residents a break on income taxes, it brings the hammer down when they buy a home. $8.1 B. This millionaires mailing list could be useful to many marketers, such as travel offers, real estate agencies, automobile offers, jewelry, designer clothing, home dcor, and . N.J.'s cost of living is 13.4% higher than the U.S. average, according to C2ER. In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more. The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. More than 6% of Arizona's households have at least $1 million in investable assets. Virginia's high concentration of millionaires is largely driven by Washington, D.C., and its close-in suburbs such as Arlington and McLean. Median home value is a whopping 62% higher than the national level, but median income is less just 20% greater. 5) Dunwoody, GA. James Willamoor via Flickr. 20 Best Stocks to Buy for the Next Bull Market. Indeed, an hour's drive north of Walt Disney World, you'll find The Villages, a sprawling retirement haven with a high percentage of affluent residents. For the fourth year in a row, UGA raised more than $100 million in private gifts ($110.8 million). No wonder that top-paying jobs in the Cowboy State include engineering managers and industrial production managers. 272 pages. Generally speaking, it's a pricey place to live if you're wealthy. Take a look at Georgia's richest people: Brown served as president and CEO of Stryker Corp., a medical device and software company, for 32 years before retiring as chairman in 2009. National average salary: $88,151 per year. UnitedHealth Group (UNH (opens in new tab)), 3M (MMM (opens in new tab)), Target (TGT (opens in new tab)) and General Mills (GIS (opens in new tab)) are just a few of the major firms headquartered there. Somewhat less upbeat is Idaho's tax picture, which is mixed. When you purchase through links on our site, we may earn an affiliate commission. A total of 12 billionaires live in Atlanta with a combined net worth of $55.1 billion. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. The tax on gasoline also is one of the country's lowest. The California-Lexington Park metro area also has one of the country's highest concentrations of millionaires. Here are 10 of the richest people in Georgia. Mississippi consistently ranks as the state with the lowest concentration of millionaire households per capita in the U.S., but don't feel bad for the Magnolia State. Other notables in the top 10 include Warren Buffett, Mark Zuckerberg and Charles Koch. ATLANTA, GA America had 534,000 more millionaires in 2018 than it did in the year prior, according to a new report provided to Patch, and New Jersey has nudged out Maryland as the state with. As befits a place that pumps a lot of oil out of the ground, fuel taxes are low. That puts the state's concentration of millionaires not far off from the national percentage of 6.71%, even as the cost of living in the Keystone State is 2.5% lower than the U.S. average. Although it has been working to lower its income taxes, Maine's lowest rate still is higher than some other states' maximum rate. This is the first time in history that the majority of members are millionaires. Georgia. The states with the highest number of millionaire households just might surprise you. Median home values also are below the national level. Over the past five years, the number of U.S. millionaires has grown by more than 800,000 and by more than 1.3 million since 2006, according to the report, which found households with at least $1 . Overall, Michigan is 7.6% cheaper than the national average, led by lower prices for houses and groceries. Additionally, Alabama allows folks to deduct their federal income taxes (it's one of just of a handful of states with this break). The centrality of the oil industry to Alaska's economy helps make petroleum engineers and chemical engineers some of the best-paid professionals in the state. Senate Rejects Secession Bill + Food Frenzy + Buckhead In Creed III, In-Home Elevator Danger + St. Cecilia: Georgias Best Italian Food, Loudermilk Estate Sells For $8.6 Million + The Atlanta Fair Sets Up, 4wk Salsa Dance Class Tuesdays / 4wk Bachata Class Wednesdays in Atlanta, Customer Service / Office Work / No Weekends, Lottery Application Opens For 2023-2024 Pre-Kindergarten, Buckhead Area Pets Who Need A Home: Meet Kitt, Hank & More. No, it doesn't have the highest concentration of millionaires, but in terms of raw numbers, only California has more than the Lone Star State's 650,216 millionaire households. The state's gas tax is now the 11th-highest in the country. He is an American businessman as well as philanthropist. Washington is one of Kiplinger's most tax-friendly states because it doesn't have an income tax. Oregonians face the country's highest income tax bracket. How could we lose 7,000 millionaires when 2013 was clearly a winner for the stock market? Offsetting that somewhat is the fact that the Sunflower State is not the friendliest place when it comes to taxes. ATLANTA A new list is out tracking the world's 500 richest people. Texas is a place of extremes when it comes to taxes, too. Fewer than 1 in 20 households claiming investable assets of $1 million or more. Our state moved up five places since 2017. Among other policies, income tax rates reach 8.75%. California's reputation as a high-tax destination is built in part on how aggressively it goes after big earners, with a 13.3% tax rate that kicks in at $1 million (for single filers) of taxable income. 1. Indeed, Juneau, the state capital, has the third-highest concentration of millionaire households among the country's "micro" areas. The Empire State's average sales tax rate is the 10th-highest in the country. Stephen Bisciotti, owner of the NFL's Baltimore Ravens, is the state's richest citizen with a net worth of $4.4 billion. "With a. Cusseta-Chattahoochee County Unified Government, Athens-Clarke County Unified Government (Balance). Like Tennessee, New Hampshire has a very limited income tax that only applies to dividend and interest income. 4) Skidaway Island, GA. Grant Dawson via Flickr. 8. From Hilton Head Island to the Midlands region to the Blue Ridge Mountains, South Carolina has something for everyone. Social Security benefits are subject to tax by the state, as are retirement account distributions and pension payouts. Kennedy is chairman of Cox Enterprises. Breckenridge, Glenwood Springs and Boulder punch well above their weights in the millionaire rankings as well. Here are the facts: Nearly 8 out of 10 (79%) millionaires received no inheritance at all. The consent submitted will only be used for data processing originating from this website. NY 10036. Here's a look at the millionaire rankings for all 50 states (plus the District of Columbia), based on the percentage of millionaire households in each. There's no income tax at all. The unemployment rate tries to capture the prospects for more people to become rich. Kiplinger is part of Future plc, an international media group and leading digital publisher. And property taxes, particularly in Detroit, are steep. Bucolic Wisconsin's 138,283 millionaire households enjoy a relatively affordable cost of living, but taxes in the Badger State can be quite a burden. So, if you care about living where there are great jobs and wealthy people, take a look the list below. Arkansas might not be bristling with millionaires, but it has the lowest living cost in the U.S., at 14.7% less than the national average. Oklahoma has one of the highest combined sales tax rates in the nation, at an average of 8.94%. Forbes Magazine released its annual list of billionaires, and 14 Georgia residents made the cut. Also like Connecticut, the Garden State is pricey and taxes are high. Gardnerville Ranchos and Elko, Nevada, are among the top 20 small towns with the highest concentration of millionaires in the U.S. Nike (NKE (opens in new tab)) founder Phil Knight is the state's richest person with a net worth of $38.6 billion. There are Georgia cities on our richest cities list that do just that. According to the BEA, South Carolina is 8.9% cheaper than the national average. 8 Dirt-Cheap Index Mutual Funds for Thrifty Investors. The list below (Source: WSJ / Phoenix Marketing International) shows the number of households with at least $1 million to invest per state. Although property and sales taxes are unexceptional, the District of Columbia takes a huge bite of income. Live Music - Dead Broke Millionaires is happening on Friday, Mar 10, 2023 at 9:00pm at the venue Wild Wing Cafe in Dawsonville, GA As a no-income-tax haven, Nevada is one of Kiplinger's most tax-friendly states. Indeed, a record 6.71% (or 8,386,508 out of 125,018,808 total U.S. households) can now claim millionaire status. ETFs The Empire State of the South is calling. And income tax is particularly complicated in Arkansas. With a handful of exceptions, the top 10 states for millionaires were in the Northeast and the Beltway region, but Hawaii, California and Alaska also made the list. the Mountain State's median real estate taxes are among the lowest in the U.S. the tax on Social Security income is in the process of being phased out, the situation for Kentucky residents is mixed, property taxes that are among the lowest in the country, Montana taxes virtually all forms of retirement income, Kiplinger's most tax-friendly states for retirees. Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016. How many millionaires are in Georgia? For example, groceries alone cost 39% more in Juneau. Many residents find themselves in the 6.27% income tax bracket, which kicks in on income above only $22,900 for singles and $30,540 for joint filers (2018 brackets). [1] For information on which members saw the highest change during their tenure, please see Ballotpedia's page on the Changes in Net Worth of U.S. Property taxes for a $400,000 home in the state would run at an estimated $7,695 per year. HomeSnacks is reader-supported. That's up from 6.21% in 2018 and just 5.81% in 2017. The bad news is that the top income rate of 6.9% kicks in at just $17,900 of taxable income, and Montana taxes virtually all forms of retirement income, including Social Security. For those looking to attain millionaire status in Kentucky, the folks with the highest salaries are surgeons, anesthesiologists and obstetricians. In 2010, after dozens of major companies failed and America landed in one of the worst recessions in its history, Georgia had 156,94 millionaire households, for a ratio to total households of 4.31 percent. Residents can exclude up to $10,000 per person ($20,000 per couple) of other types of retirement income. Millionaires and other residents deal with some annoyingly high taxes, however. According to the Spectrem Group Market Insights Report, there were 11.8 million Americans in the United States in 2019 with a net worth of at least $ 1 million1. 19 Dividend Aristocrats That Have Gone on Deep Discount. It's 8.2% less expensive to live in the Tar Heel State than the national average, and Durham is one of the happiest places to live in the U.S., according to the Gallup-Sharecare Well-Being Index. And yet it remains one of the 20 cheapest large U.S. cities in which to live. Architectural and engineering managers, CEOs and pharmacists have some of the highest average salaries in the state. Visit our corporate site. . Housing and groceries are particularly affordable. But the tax situation is far more friendly than many people think. By Express News Service. In the starting phase of his career, he was a Lieutenant in the United States Army. Despite severe state budget cuts, UGA, under Adams' leadership, saw total enrollment set a new record at 34,885; this included the best-qualified freshman class ever (1263 SAT average, 3.83 GPA). Tennesseans also tend to keep more of their hard-earned dollars. The bill's sponsor makes no secret that the intended target of this bill is the news media. But it's worth noting that the city of Wilmington taxes wages of everyone who lives or works there at 1.25%. Kennedy is worth $9.4 billion. Cathy is theson of Truett Cathy, the founder of Chick-fil-A. A good deal of Montana's wealth stems from its abundance of natural resources. Texas has 56 billionaires among its ranks, led by Alice Walton ($55.1 billion) of Walmart (WMT (opens in new tab)) fame. Buckhead Atlanta's Buckhead is a vibrant, . It turns out there are numerous states with higher percentages of well-off households, several of which probably will surprise you. There's a lot to like about Oklahoma for wealthy retirees. The cost of living in the Nutmeg State is 19% greater than the national average. Randall Rollins, the chairman of Rollins pest control, had a net worth listed as $3.6 billion. Utah is the first of our states to cross the 7% plateau for concentration of millionaire households. Law professors and podiatrists crack the top 10 jobs with the highest average salaries. New Mexico is a land of stark contrasts when it comes to its millionaire population. On average, the cost of living in Texas is 8.5% lower than the U.S. average, according to C2ER. Delaware, which was among the top 10 states for millionaires in 2017, slipped to No. Although Washington is home to the two richest people in the world Amazon.com (AMZN (opens in new tab)) honcho Jeff Bezos and Microsoft (MSFT (opens in new tab)) co-founder Bill Gates the state's well-to-do live closer to Earth. Florida is well-known for its absence of a state income tax, which helps put it into Kiplinger's top 10 most tax-friendly states. A total of 12 billionaires live in Atlanta with a combined net worth of $55.1 billion. Relatively low prices for housing and transportation help keep the Palmetto State's cost of living under control. The small town of Edwards, for example, is bristling with millionaires thanks to nearby world-class ski resorts such as Vail and Beaver Creek. That's the eighth-highest property tax amount in Kiplinger's U.S. rankings. In the Peach State, there are 211,662 millionaire households, for a ratio to total households of 5.44 percent, according to the Phoenix Marketing International report that tracks high net-worth households. Although the District of Columbia is a magnet for the highly educated seeking high-powered jobs, the downside is that you need a hefty paycheck to live there. Tim Cook - The well know mobile manufactures company apple CEO. A dollar tends to go father in Big Sky Country, too. Tiny Vermont has just 16,411 millionaire households, and the Green Mountain State is one of the tougher states when it comes to taxing millionaires. Publisher: Taylor Trade Publishing; Reissue edition (November 16, 2010) According to the authors, most people have it all wrong about how you become wealthy in America. Sure, median income is below the national level, but the cost of living is 11.2% below the national average. When it comes to paying taxes, Nebraska is ranked as "least tax-friendly" by Kiplinger because the average property tax rate is quite high. An example of data being processed may be a unique identifier stored in a cookie. How does your net worth compare to the fortunes of the wealthiest people in Georgia? All rights reserved. And one of them Glen Taylor, CEO of printing firm Taylor Corp. is the richest of them all, with a net worth of $3.1 billion. Detailed List Of Highest Paying Jobs In Georgia. Alaska is among the most tax-friendly states in the country. Oral and maxillofacial surgeons make an average of $280,940. The Beehive State runs a flat tax system. Both median income and home value are well above national averages in Colorado, as is the cost of living, albeit only by 1.9%. If youre curious enough, here are the poorest cities in Georgia, according to data: Poorest: Cordele2nd Poorest: Camilla3rd Poorest: Swainsboro. Ernest Garcia II, who made his fortune in used cars and auto loans, tops the list with a net worth of $6.6 billion. For the record, Maine's richest resident is Susan Alfond, according to Forbes. North Carolina's tax situation is just so-so. Sadly for its residents, the Buckeye State is among Kiplinger's least tax-friendly states. Obstetricians/gynecologists and orthodontists are the best-paid professions in the state. Overall, Georgia was No. In Georgia, Atlanta is the only city home to any billionaires. The feds have arrested two people they say bilked government medical assistance and the nation's opioid crisis for millions through shoddy services and fraudulent billing at their chain of addiction treatment centers in Massachusetts and Rhode Island. The state has no state income tax, so Social Security benefits and other forms of retirement income get a free ride. But then, with a cost of living almost 12.2% below the national average, paychecks tend to go further. The cost of living is 48% higher than what the average American pays. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Jim Kennedy, chairman of conglomerate Cox Enterprises, is the state's wealthiest citizen with a net worth of $8.7 billion. The second richest person in the world as listed is Bill Gates, with a fortune of $108 billion. Top-paying jobs include surgeons, computer and information research scientists, nuclear engineers and sales engineers. Here we list the world's most generous philanthropists (with their donations in dollars as they're mostly American) and the foundations they fund, just in case you want to get in touch. Blame Hawaii's remoteness, making pretty much everything more expensive than it would be on the mainland. More happily for everyone, folks who call the Pelican State home enjoy a cost of living that's 10.9% below the national average. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Michael Bloomberg, founder of the financial data company that bears his name and erstwhile presidential candidate, is the state's richest person at a net worth of $60.1 billion. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. The state's tobacco and alcohol taxes take a noticeable bite as well. The roaring stock market and crypto gains created more than a million new millionaires in the U.S. last year, according to a new report. While there are probably few millionaires in the cockpits of commercial airplanes, airline pilots, co-pilots and flight engineers are among the best-paid workers in the state. World-class ski resorts and luxury shopping are the main draw. If you have an iPhone, click here to get the free Patch iPhone app; download the free Patch Android app here. Given the number of major corporation headquarters, it should come as no surprise that CEOs have some of the highest average salaries. If you need proof that the house always wins, just take a look at Nevada. However, while the Bay State gets dubbed "Taxachusetts," it's perhaps a little exaggerative. That's significant considering that a million bucks sure goes far in some parts of Indiana. TheBloomberg's Billionaire Index lists the richest people on Earth, who have a net worth starting at $4.16 billion. Manage Settings 12 (tie). The industries with most billionaires are media and entertainment, food and beverages, fashion and retail, and service.