Wealth-X Reveals America's Wealthiest Individuals By State

NEW YORK, Oct. 29, 2013 /PRNewswire/ -- Wealth-X, the world's leading ultra high net worth (UHNW) intelligence provider, today revealed a list of the 50 wealthiest American individuals by state (based on their business address) in 2013. These individuals are collectively worth US$540 billion, a 19 percent increase on last year.

The average net worth of the individuals on the list is US$10.8 billion - a US$1.7 billion increase on last year's average of US$9.1 billion.

The top 10 individuals on the list – who all held the exact same spots on last year's list – are collectively worth US$362 billion, 67 percent of the total wealth of the top 50.

Microsoft co-founder Bill Gates remains the wealthiest individual in America with an estimated net worth of US$70.8 billion, followed by Warren "Oracle of Omaha" Buffett, whose personal fortune is estimated at nearly US$60 billion.

Nine new individuals made the list this year: Micky Meir Arison (Florida); Brad Maurice Kelley (Kentucky); Kenneth B. Dart (Michigan); Whitney MacMillan (Minnesota); James Love Barksdale (Mississippi); John L. Morris (Missouri); Richard B. Cohen (New Hampshire); John A Yates (New Mexico) and Blake Roney (Utah). Collectively, their net worth is US$34 billion - 50 percent more than the combined net worth of the individuals who represented these same states on the list last year.

Of the 50 US states, nine do not have a single billionaire. These include Maine, North Dakota, Hawaii and Alaska.

Below are the top five individuals on the list:

For the full list, visit http://www.wealthx.com/articles/2013/wealthiest-individual-in-each-u-s-state

Wealth-X has published a global report with UBS on the ultra wealthy segment , download the Wealth-X and UBS World Ultra Wealth Report at http://www.wealthx.com/wealthxubswealthreport/

About Wealth-X
Wealth-X is the definitive source of intelligence on the ultra wealthy with the world's largest collection of curated research on ultra high net worth (UHNW) individuals, defined as those with net assets of US$30 million and above. Headquartered in Singapore, it has 12 offices in five continents. (www.wealthx.com)

SOURCE Wealth-X