The Wealthiest People in Each State Revealed
(NEW YORK) -- Wealth managers and other businesses may want to take heed. Wealth-X, an information research firm of ultra high-net worth individuals worth over $30 million, has compiled a list of the richest person in each state.
The ultra high-net worth population is spread throughout the country, often living close to the companies they founded.
Bill Gates, the country's wealthiest individual and the world's most generous, still resides in the state of Washington, home of Microsoft.
The majority in Wealth-X's list are men and in business. The oldest person is Anne Cox Chambers, 92, the daughter of James Cox who founded Cox Enterprises. She has a net worth of $11.2 billion.
David Friedman, president of Wealth-X, said the list of the wealthiest individuals in the U.S. shifts frequently, as economic and business conditions can change net worth drastically.
"Instead of a top down approach, we do a bottom-up report," Friedman said, researching the "granularity" of each person in the list, which can "reinvent the way the ultra-wealthy donate and invest."
Copyright 2012 ABC News Radio