"People just above the poverty line are just one paycheck or health disaster away from poverty," said Katherine Newman, a dean at Johns Hopkins University. "They are still quite fragile."
Paul Ryan gave a speech on poverty and economic mobility. “In this war on poverty,” he said, “poverty is winning.” What he didn’t say is that he and his budget have taken sides in that war — and not on the side of the poor. Ryan — the man whose budget would wreak havoc on the poor — steps to a podium and pretends to be a defender of the poor.
A survey by Spectrem Group breaks down wealthy American business owners into three groups: The mass affluent, who are worth $100,000 (U.S.) to $1-million, the millionaires, at $1-million to $5-million, and the ultra-high net worth, or UHNW, at $5-million to $25-million. According to the report, 96 per cent of the mass affluent are worried about the election, compared to 72 per cent of the millionaires and 80 per cent of the UHNW. So, the filthy rich more anxious than very rich, but less than just plain rich over U.S. election.
There are more than 35 million households in the United States whose net worth tops $100,000. Just 60,280 individuals worth more than $30 million. California and New York are the states with the highest number of $30 million plus residents, with a total of 10.955 and 8.595 respectively.
Richest Person in Each US State
1: Washington: Bill Gates: $64.5 billion - Microsoft chairman, co-chair of Bill and Melinda Gates Foundation
2: Nebraska: Warren Buffett: $49.6 billion - Chairman and CEO of Berkshire Hathaway
3: California: Lawrence Ellison: $41.1 billion - CEO of Oracle Corp.
4: Arkansas: James Walton: $33.6 billion - Chairman of Arvest Bank, son of Walmart founder, Sam Walton
5: Kansas: David Koch: $32.1 billion - Vice-chairman of Koch Industries
6: New York: Michael Bloomberg: $24.8 billion - New York City Mayor and owner of Bloomberg LP
7: Nevada: Sheldon Adelson: $20.2 billion - Chairman and CEO of Las Vegas Sands
8: Virginia: Forrest Mars, Jr.: $17 billion - Part-owner of Mars candy company and grandson of the late Frank C. Mars
9: Texas: Michael Dell: $14 billion - CEO of Dell Inc
10: Oregon: Philip Knight: $13 billion - Chairman of Nike Inc.
11: Massachusetts: Abigail Johnson: $11.9 billion - President, Fidelity Financial Services
12: Georgia: Anne Cox Chambers: $11.2 billion - Member of Cox Enterprises' board of directors, chairwoman of Atlanta Newspapers
13: Connecticut: Raymond Dalio: $10 billion - Founder of Bridgewater Associates LP
14: Oklahoma: George Kaiser: $10 billion - Chairman of BOK Financial
15: Colorado: Charles Ergen: $8.3 billion - Founder and chairman of DISH Network
16: Pennsylvania: Hansjorg Wyss: $7.7 billion - Chairman of Swiss medical device manufacturer Synthes Holding AG
17: North Carolina: James Goodnight: $7.4 billion - CEO of SAS Institute
18: Wisconsin: John Menard, Jr.: $6 billion - Founder and owner of home-improvement retailer Menard Inc.
19: New Jersey: David Tepper: $5.2 billion - President and founder of Appaloosa Management
20: Michigan: Richard DeVos Sr.: $5.1 billion - Co-founder of Amway and owner of the Orlando Magic
21: Montana: Dennis Washington: $5 billion - Founder of The Washington Companies and co-founder of the Dennis and Phyllis Washington Foundation
22: Ohio: Leslie Wexner: $4.5 billion - Chairman and CEO of Limited Brands
23: Arizona: Bruce Halle Sr.: $4 billion - Founder of Discount Tires
24: Florida: Joseph Lewis: $3.9 billion - Founder of Tavistock Group and owner of Tottenham Hotspur soccer team in England
25: Illinois: Samuel Zell: $3.9 billion - Founder of Equity Residential
26: Maryland: Theodore Lerner: $3.9 billion - Founder of real estate firm Lerner Enterprises
27: Minnesota: Pauline Keinath: $3.7 billion - Part-owner of Cargill Inc. and great-granddaughter of founder W. W. Cargill
28: Indiana: Gayle Cook: $3.4 billion - Member of board of directors of medical device firm Cook Group
29: Tennessee: Thomas Frist, Jr.: $3 billion - Founder of HCA, the Hospital Corporation of America
30: Utah: Robert Earl Holding: $2.7 billion - Owner of Sinclair Oil
31: Mississippi: Leslie Lampton: $2.4 billion - Founder of Ergon Inc.
32: South Carolina: Anita Zucker: $2.2 billion - Chairwoman and CEO of chemical manufacturer InterTech Group
33: Rhode Island: Jonathan Nelson: $1.6 billion - CEO of Providence Equity Partners
34: Missouri: Christopher Cline: $1.5 billion - Founder of Foresight Energy
35: West Virginia: James Justice II: $1.5 billion - Owner of the coal mining Justice Companies
36: Alabama: Marguerite Harbert: $1.4 billion - Widow of the late construction and energy mogul, John Murdoch Harbert III
37: Louisiana: Thomas Benson: $1.3 billion - Owner of New Orleans Saints and New Orleans Hornets
38: South Dakota: T. Denny Sanford: $1.3 billion
39: Idaho: Frank VanderSloot: $1.2 billion - CEO of Melaleuca
40: Kentucky: Bradley Wayne Hughes: $1.1 billion - Founder of Public Storage
41: Iowa: Dennis Albaugh: $1 billion - Founder of Albaugh Inc.
42: North Dakota: Gary Tharaldson: $900 million - Founder of the Tharaldson Companies
43: Maine: Leon Gorman: $860 million - Chairman of L.L. Bean
44: Delaware: Robert Gore: $830 million - Founder of materials and manufacturing company W.L. Gore & Associates
45: New Mexico: Peyton Yates, Jr.: $760 million - President of Yates Petroleum Corp.
46: Alaska: Robert Gillam: $690 million - President and CEO of McKinley Capital Management LLC
47: Hawaii: Jay Shidler: $680 million - Founder of the real estate company The Shidler Group
48: New Hampshire: Martin Trust: $600 million - President of Brandot International, formerly president and CEO of MAST Industries
49: Vermont: Robert Stiller: $580 million - Founder of Green Mountain Coffee
50: Wyoming: John Martin: $210 million - Chairman and CEO of Gilead Sciences
Paul Ryan gave a speech on poverty and economic mobility. “In this war on poverty,” he said, “poverty is winning.” What he didn’t say is that he and his budget have taken sides in that war — and not on the side of the poor. Ryan — the man whose budget would wreak havoc on the poor — steps to a podium and pretends to be a defender of the poor.
A survey by Spectrem Group breaks down wealthy American business owners into three groups: The mass affluent, who are worth $100,000 (U.S.) to $1-million, the millionaires, at $1-million to $5-million, and the ultra-high net worth, or UHNW, at $5-million to $25-million. According to the report, 96 per cent of the mass affluent are worried about the election, compared to 72 per cent of the millionaires and 80 per cent of the UHNW. So, the filthy rich more anxious than very rich, but less than just plain rich over U.S. election.
There are more than 35 million households in the United States whose net worth tops $100,000. Just 60,280 individuals worth more than $30 million. California and New York are the states with the highest number of $30 million plus residents, with a total of 10.955 and 8.595 respectively.
Richest Person in Each US State
1: Washington: Bill Gates: $64.5 billion - Microsoft chairman, co-chair of Bill and Melinda Gates Foundation
2: Nebraska: Warren Buffett: $49.6 billion - Chairman and CEO of Berkshire Hathaway
3: California: Lawrence Ellison: $41.1 billion - CEO of Oracle Corp.
4: Arkansas: James Walton: $33.6 billion - Chairman of Arvest Bank, son of Walmart founder, Sam Walton
5: Kansas: David Koch: $32.1 billion - Vice-chairman of Koch Industries
6: New York: Michael Bloomberg: $24.8 billion - New York City Mayor and owner of Bloomberg LP
7: Nevada: Sheldon Adelson: $20.2 billion - Chairman and CEO of Las Vegas Sands
8: Virginia: Forrest Mars, Jr.: $17 billion - Part-owner of Mars candy company and grandson of the late Frank C. Mars
9: Texas: Michael Dell: $14 billion - CEO of Dell Inc
10: Oregon: Philip Knight: $13 billion - Chairman of Nike Inc.
11: Massachusetts: Abigail Johnson: $11.9 billion - President, Fidelity Financial Services
12: Georgia: Anne Cox Chambers: $11.2 billion - Member of Cox Enterprises' board of directors, chairwoman of Atlanta Newspapers
13: Connecticut: Raymond Dalio: $10 billion - Founder of Bridgewater Associates LP
14: Oklahoma: George Kaiser: $10 billion - Chairman of BOK Financial
15: Colorado: Charles Ergen: $8.3 billion - Founder and chairman of DISH Network
16: Pennsylvania: Hansjorg Wyss: $7.7 billion - Chairman of Swiss medical device manufacturer Synthes Holding AG
17: North Carolina: James Goodnight: $7.4 billion - CEO of SAS Institute
18: Wisconsin: John Menard, Jr.: $6 billion - Founder and owner of home-improvement retailer Menard Inc.
19: New Jersey: David Tepper: $5.2 billion - President and founder of Appaloosa Management
20: Michigan: Richard DeVos Sr.: $5.1 billion - Co-founder of Amway and owner of the Orlando Magic
21: Montana: Dennis Washington: $5 billion - Founder of The Washington Companies and co-founder of the Dennis and Phyllis Washington Foundation
22: Ohio: Leslie Wexner: $4.5 billion - Chairman and CEO of Limited Brands
23: Arizona: Bruce Halle Sr.: $4 billion - Founder of Discount Tires
24: Florida: Joseph Lewis: $3.9 billion - Founder of Tavistock Group and owner of Tottenham Hotspur soccer team in England
25: Illinois: Samuel Zell: $3.9 billion - Founder of Equity Residential
26: Maryland: Theodore Lerner: $3.9 billion - Founder of real estate firm Lerner Enterprises
27: Minnesota: Pauline Keinath: $3.7 billion - Part-owner of Cargill Inc. and great-granddaughter of founder W. W. Cargill
28: Indiana: Gayle Cook: $3.4 billion - Member of board of directors of medical device firm Cook Group
29: Tennessee: Thomas Frist, Jr.: $3 billion - Founder of HCA, the Hospital Corporation of America
30: Utah: Robert Earl Holding: $2.7 billion - Owner of Sinclair Oil
31: Mississippi: Leslie Lampton: $2.4 billion - Founder of Ergon Inc.
32: South Carolina: Anita Zucker: $2.2 billion - Chairwoman and CEO of chemical manufacturer InterTech Group
33: Rhode Island: Jonathan Nelson: $1.6 billion - CEO of Providence Equity Partners
34: Missouri: Christopher Cline: $1.5 billion - Founder of Foresight Energy
35: West Virginia: James Justice II: $1.5 billion - Owner of the coal mining Justice Companies
36: Alabama: Marguerite Harbert: $1.4 billion - Widow of the late construction and energy mogul, John Murdoch Harbert III
37: Louisiana: Thomas Benson: $1.3 billion - Owner of New Orleans Saints and New Orleans Hornets
38: South Dakota: T. Denny Sanford: $1.3 billion
39: Idaho: Frank VanderSloot: $1.2 billion - CEO of Melaleuca
40: Kentucky: Bradley Wayne Hughes: $1.1 billion - Founder of Public Storage
41: Iowa: Dennis Albaugh: $1 billion - Founder of Albaugh Inc.
42: North Dakota: Gary Tharaldson: $900 million - Founder of the Tharaldson Companies
43: Maine: Leon Gorman: $860 million - Chairman of L.L. Bean
44: Delaware: Robert Gore: $830 million - Founder of materials and manufacturing company W.L. Gore & Associates
45: New Mexico: Peyton Yates, Jr.: $760 million - President of Yates Petroleum Corp.
46: Alaska: Robert Gillam: $690 million - President and CEO of McKinley Capital Management LLC
47: Hawaii: Jay Shidler: $680 million - Founder of the real estate company The Shidler Group
48: New Hampshire: Martin Trust: $600 million - President of Brandot International, formerly president and CEO of MAST Industries
49: Vermont: Robert Stiller: $580 million - Founder of Green Mountain Coffee
50: Wyoming: John Martin: $210 million - Chairman and CEO of Gilead Sciences
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