Walton opened the Crystal Bridges Museum of American Art in his hometown of Bentonville, Arkansas, in 2011, and the value of his personal art collection is estimated at hundreds of millions of dollars. New York is home to dozens of billionaires, including nine with assets of at least $10 billion, and at the top of this group is investor, media mogul and former New York City Mayor Michael Bloomberg. In 1981, Bloomberg started its investment media company, which also provides trading terminals to companies and investors. Bloomberg was able to use his fame and wealth in the New York area to run for mayor of the city in 2002. Carl Cook of Bloomington is the CEO of Cook Group, a longtime medical device manufacturer.
As of August 2021, an estimated 44% of the units in seven buildings considered part of Billionaires’ Row had not yet been sold. Daughter of the late Sam Walton, founder of Walmart and Sam’s Club, Alice Walton is the richest person in Texas and the 12th richest person in America. Unlike her brothers Rob and Jim, who live in Arkansas near the company’s headquarters, Alice Walton has not served on Walmart’s board of directors or executive team.
While most wealthy people tend to live in or near major economic centers in states with large economies, the extremely wealthy live wherever they want and can be found throughout the country. All but six states have at least one billionaire, and all but one have people with a net worth of at least $500 million. No city experienced a bigger decline than Moscow, which fell from the number 4 billionaire city in 2021 to number 7 this year. Harsh international sanctions and closed markets caused 34 Russians to leave the 2022 World Billionaires List; about three-quarters of them lived in Moscow. The collective fortunes of billionaires living in the Russian capital are now $214.9 billion, up from $420.6 billion last year. It was only ten years ago that Moscow topped the list of cities with the most billionaires.
Knight is also one of the state’s greatest philanthropists, having donated more than $1.5 billion to the University of Oregon and Oregon Health and Science University. Knight’s net worth is estimated at nearly $35 billion, nearly 14 times the net worth of the state’s second-richest resident, Columbia Sportswear CEO Timothy billionaire investor Boyle. Jim Walton, the youngest son of Walmart founder Sam Walton, is one of many heirs to the retail giant’s fortune. He also has a slightly larger stake in the company than the other heirs, making him the richest person in the state. Sam lives in Bentonville, home to the world’s largest company in Arkansas by revenue.
Picking up more MSFT when it’s on sale seems like a no-brainer, and that’s exactly what Mandel did. Lone Pine Capital increased its first-quarter stake by 6% to increase its total holdings to 5 million shares worth $1.5 billion as of March 31. Tananbaum, with an estimated net worth of $2.1 billion, has cited BHC’s compelling valuation, organic growth and successful efforts to clean up its balance sheet as reasons for him to love stocks.
The 60-year-old billionaire enrolled at New York University at the age of 17 and then worked for financial firms in Philadelphia before returning to New York and going out on his own. He began buying distressed properties in the city in the 1980s and also invested in stocks, private equity, hedge funds and venture capital. Jacqueline Mars, heiress of the candy company Mars, Inc. fortune, is not only the richest person in Virginia, but also one of the richest people in the world. Mars, his brother John, and the heirs of his late brother Forrest Jr. each own one-third of Mars, Inc. Although none of the brothers are involved in the company today, Virginia was involved in the business until 2016. With an estimated net worth of $6 billion, Dennis Washington is the richest person in Montana.
Advisors increased its stake in biotech stocks again, this time by 7%, or 2.5 million shares, in the first quarter. That followed the purchase of 1.6 million shares, or a 4% increase in the stake, in Q4. Oaktree Capital gave itself greater exposure to those inflationary trends by auctioning its stake in SBLK in Q1. The Los Angeles hedge fund added 28,215 shares, up less than 1%, to increase its total holdings to 26 million shares worth $772.6 million as of March 31. The founder of auction website eBay, Pierre Omidyar, first became a billionaire in 1998 at the age of 31 when the company went public.
Its Viking Global Investors ($59.8 billion AUM) increased its stake in TMUS by 2%, or 269,888 shares, in the first quarter. The Greenwich, Connecticut-based hedge fund held 13.4 million shares worth $1.7 billion as of March 31 to put T-Mobile at the top of its stock selections. With an estimated net worth of $11.7 billion, Griffin is the richest person in Illinois and one of the 100 richest people in the United States. In November 2017, the billionaire also made the most expensive home purchase in Chicago history, buying the top four floors of the Walton No. 9 building in the city’s Gold Coast neighborhood for $58.5 million. With an estimated net worth of $9.3 billion, James Goodnight is the richest person in North Carolina and one of the 100 richest people in America. Like many in the Research Triangle area, Goodnight made its fortune in the software industry.
After working in the oil fields as a young man, Hamm founded Continental Resources at the age of 21. Recently, Hamm and his company led the development of the Bake oil formation, which led to north Dakota’s oil boom and the creation of millions of energy jobs. While Hamm’s wealth fluctuates with the price of oil, his current net worth is estimated at $12.6 billion, the most of anyone in Oklahoma. B. Wayne Hughes founded Public Storage in 1972 and today is the richest person in Kentucky with an estimated net worth of $2.8 billion. Public Storage now has more than 2,500 locations in the United States and is the largest self-storage brand in the country.