Meet the Richest Person in Every State 2017

The rich get richer…

Every year Forbes scans America’s largest fortunes to determine the wealthiest person in every state. This year’s list is a lesson in “the rich get richer.” All but one person on the 2017 ranking also made last year’s ranking — but these state-leading tycoons saw their fortunes rise by $1.74 billion on average.

In all, we recorded 52 people (there were ties in two states) worth an aggregate $747 billion — up from $682 billion last year. Nearly 70% of them, or 36 people, are wealthier than last year; only 12 saw a decline in the value of their net worth. Their fortunes average $14.4 billion, up from $12.6 billion in 2016.

They made their money in industries as varied as the states they call home. The most popular industries for minting a state-leading fortune: fashion & retail, and finance & investments. These sectors each claim 8 list members. Next up is food & beverage, with 5, followed by a three-way tie between manufacturing, media & entertainment, and technology, with 4 apiece.

The biggest gainer in sheer dollars is Bill Gates. He added $12.9 billion to his fortune since last year as the rising stock market has boosted his portfolio, which includes Microsoft and a number of other public and private investments. Gates’ spot on this list might seem to be sure a bet, but the richest person in Washington state — and the world — is actually in danger of losing both titles.

Full story at Forbes

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