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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.
Infographic: 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.
Wealth-X said this list is based on the primary business location for the individual and not residence, as many folks on the list have multiple homes.
Read more: Most Expensive Zip Codes
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 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."
Here's a list of the richest person in each state, as compiled by Wealth-X.
quicklist: category: Washington media: title: Bill Gates: $64.5 billion text: Microsoft chairman, co-chair of Bill and Melinda Gates Foundation
quicklist: category: Nebraska media: title: Warren Buffett: $49.6 billion text: Chairman and CEO of Berkshire Hathaway
quicklist: category: California media: title: Lawrence Ellison: $41.1 billion text: CEO of Oracle Corp.
quicklist: category: Arkansas media: title: James Walton: $33.6 billion text: Chairman of Arvest Bank, son of Walmart founder, Sam Walton
quicklist: category: Kansas media: title: David Koch: $32.1 billion text: Vice-chairman of Koch Industries
quicklist: category: New York media: title: Michael Bloomberg: $24.8 billion text: New York City Mayor and owner of Bloomberg LP
quicklist: category: Nevada media: title: Sheldon Adelson: $20.2 billion text: Chairman and CEO of Las Vegas Sands
quicklist: category: Virginia media: title: Forrest Mars, Jr.: $17 billion text: Part-owner of Mars candy company and grandson of the late Frank C. Mars
quicklist: category: Texas media: title: Michael Dell: $14 billion text: CEO of Dell Inc.
quicklist: category: Oregon media: title: Philip Knight: $13 billion text: Chairman of Nike Inc.
quicklist: category: Massachusetts media: title: Abigail Johnson: $11.9 billion text: President, Fidelity Financial Services
quicklist: category: Georgia media: title: Anne Cox Chambers: $11.2 billion text: Member of Cox Enterprises' board of directors, chairwoman of Atlanta Newspapers
quicklist: category: Connecticut media: title: Raymond Dalio: $10 billion text:
Founder of Bridgewater Associates LP
quicklist: category: Oklahoma media: title: George Kaiser: $10 billion text: Chairman of BOK Financial
quicklist: category: Colorado media: title: Charles Ergen: $8.3 billion text:
Founder and chairman of DISH Network
quicklist: category: Pennsylvania media: title: Hansjorg Wyss: $7.7 billion text: Chairman of Swiss medical device manufacturer Synthes Holding AG
quicklist: category: North Carolina media: title: James Goodnight: $7.4 billion text:
CEO of SAS Institute
quicklist: category: Wisconsin media: title: John Menard, Jr.: $6 billion text: Founder and owner of home-improvement retailer Menard Inc.
quicklist: category: New Jersey media: title: David Tepper: $5.2 billion text: President and founder of Appaloosa Management
quicklist: category: Michigan media: title: Richard DeVos Sr.: $5.1 billion text: Co-founder of Amway and owner of the Orlando Magic
quicklist: category: Montana media: title: Dennis Washington: $5 billion text: Founder of The Washington Companies and co-founder of the Dennis and Phyllis Washington Foundation
quicklist: category: Ohio media: title: Leslie Wexner: $4.5 billion text: Chairman and CEO of Limited Brands
quicklist: category: Arizona media: title: Bruce Halle Sr.: $4 billion text: Founder of Discount Tires
quicklist: category: Florida media: title: Joseph Lewis: $3.9 billion text: Founder of Tavistock Group and owner of Tottenham Hotspur soccer team in England
quicklist: category: Illinois media: title: Samuel Zell: $3.9 billion text: Founder of Equity Residential
quicklist: category: Maryland media: title: Theodore Lerner: $3.9 billion text: Founder of real estate firm Lerner Enterprises
quicklist: category: Minnesota media: title: Pauline Keinath: $3.7 billion text: Part-owner of Cargill Inc. and great-granddaughter of founder W. W. Cargill
quicklist: category: Indiana media: title: Gayle Cook: $3.4 billion text: Member of board of directors of medical device firm Cook Group
quicklist: category: Tennessee media: title: Thomas Frist, Jr.: $3 billion text: Founder of HCA, the Hospital Corporation of America
quicklist: category: Utah media: title: Robert Earl Holding: $2.7 billion text: Owner of Sinclair Oil
quicklist: category: Mississippi media: title: Leslie Lampton: $2.4 billion text: Founder of Ergon Inc.
quicklist: category: South Carolina media: title: Anita Zucker: $2.2 billion text: Chairwoman and CEO of chemical manufacturer InterTech Group
quicklist: category: Rhode Island media: title: Jonathan Nelson: $1.6 billion text: CEO of Providence Equity Partners
quicklist: category: Missouri media: title: Christopher Cline: $1.5 billion text: Founder of Foresight Energy
quicklist: category: West Virginia media: title: James Justice II: $1.5 billion text: Owner of the coal mining Justice Companies
quicklist: category: Alabama media: title: Marguerite Harbert: $1.4 billion text: Widow of the late construction and energy mogul, John Murdoch Harbert III
quicklist: category: Louisiana media: title: Thomas Benson: $1.3 billion text: Owner of New Orleans Saints and New Orleans Hornets
quicklist: category: South Dakota media: title: T. Denny Sanford: $1.3 billion text: Owner of First Premier Bank and board co-chair of Sanford Consortium
quicklist: category: Idaho media: title: Frank VanderSloot: $1.2 billion text: CEO of Melaleuca
quicklist: category: Kentucky media: title: Bradley Wayne Hughes: $1.1 billion text: Founder of Public Storage
quicklist: category: Iowa media: title: Dennis Albaugh: $1 billion text: Founder of Albaugh Inc.
quicklist: category: North Dakota media: title: Gary Tharaldson: $900 million text: Founder of the Tharaldson Companies
quicklist: category: Maine media: title: Leon Gorman: $860 million text: Chairman of L.L. Bean
quicklist: category: Delaware media: title: Robert Gore: $830 million text: Founder of materials and manufacturing company W.L. Gore & Associates
quicklist: category: New Mexico media: title: Peyton Yates, Jr.: $760 million text: President of Yates Petroleum Corp.
quicklist: category: Alaska media: title: Robert Gillam: $690 million text: President and CEO of McKinley Capital Management LLC
quicklist: category: Hawaii media: title: Jay Shidler: $680 million text: Founder of the real estate company The Shidler Group
quicklist: category: New Hampshire media: title: Martin Trust: $600 million text: President of Brandot International, formerly president and CEO of MAST Industries
quicklist: category: Vermont media: title: Robert Stiller: $580 million text: Founder of Green Mountain Coffee
quicklist: category: Wyoming media: title: John Martin: $210 million text: Chairman and CEO of Gilead Sciences