Who are the richest man in Alabama?

He has frequently appeared in advertisements for the company portraying a fictional cowboy named "the Yella Fella" after the company's flagship product of YellaWood. With an estimated net worth of $1.2 billion, Rane is the wealthiest person in Alabama.

Who are the wealthiest people in Alabama?

One-on-one with “Yella Fella” Jimmy Rane, the wealthiest person in Alabama. BIRMINGHAM, Ala. (WIAT) — Jimmy Rane's office in the south Alabama town of Abbeville is one part shrine, one part workspace. As CEO of Great Southern Wood Preserving, Rane is a great American success story.

Who is the richest man in Alabama Forbes?

Although Alabama didn't have a representative in the Forbes list this year, the wealthiest person in the state is Jimmy Rane. As the founder of Great Southern Wood Preserving, a company that manufactures decks, fences, and other treated lumber products, Rane has an estimated net worth of $1.2 billion.

What does Jimmy Rane do for a living?

Jimmy Rane is founder and CEO of Great Southern Wood Preserving, which makes decks, fences and other treated lumber products.

What is the richest town in Alabama?

The richest city in Alabama is Mountain Brook. Home to about 22,000 people, Mountain Brook offers an exclusive living experience nestled within the lush landscapes of the Appalachian foothills.

How Alabama’s Only Billionaire "Yella Fella" Jimmy Rane Saved His Hometown | Forbes

What's the poorest county in Alabama?

In the past five years, the county's population grew by more than 6.9 percent, more than four times the rate of Alabama's population growth as a whole, 24/7 WallStreet noted. Sumter County is Alabama's poorest county, the analysis found.

What is the richest street in Alabama?

Bloomberg Businessweek this month identified the area between Montevallo Road and Mountain Brook Parkway as having the highest median home value in the state, according to the U.S. Census Bureau's American Community Survey and census tract data.

Who is the only billionaire in Alabama?

He has frequently appeared in advertisements for the company portraying a fictional cowboy named "the Yella Fella" after the company's flagship product of YellaWood. With an estimated net worth of $1.2 billion, Rane is the wealthiest person in Alabama.

Do any billionaires live in Alabama?

Forbes calculates that he's worth $1.2 billion—all but $200 million of it attributable to his 100% stake in Great Southern—making him Alabama's only living billionaire. (The state's first billionaire, construction heiress Marguerite Harbert, dropped from the ranks in 2012 before dying three years later.)

How many billionaires are there in Alabama?

This is a list of U.S. states and federal district by the number of billionaires as of 2023; there are 756 billionaires living in the United States. They live in 43 of the 50 states. The only states with no billionaire residents are Alabama, Alaska, Delaware, New Mexico, North Dakota, Vermont, and West Virginia.

How many millionaires live in Alabama?

Alabama

Although only 4.9% of its 1.9 million households hit the millionaire threshold, some of the cheapest home prices in the country help spread the wealth. Overall, the cost of living in the Yellowhammer State is 13.6% below the national average.

Where does the richest man in Alabama live?

Jimmy Rane. Jimmy Rane, who lives in Abbeville, and Jimmy Buffett, who spent part of his childhood in South Alabama and attended Auburn University, are both on Forbes magazine's list of the world's billionaires.

What is the top 1 income in Alabama?

What is the 1 income in Alabama?

Alabama is among those six states, coming in at number 43 with an income of at least $470,341 needed to earn you a spot in the 1%. Following Alabama were Oklahoma ($460,172), Louisiana ($458,269), Arkansas ($450,700), Kentucky ($445,294), New Mexico ($411,395), Mississippi ($381,919) and West Virginia ($367,582).

Which state has no billionaires?

There are actually several states with no billionaires — Alabama, Alaska, New Mexico, North Dakota, Vermont, and West Virginia. Where would you want to live if you suddenly became a billionaire?

Are there any Trillionaires?

No individual has claimed the status of trillionaire just yet. But a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency isn't unattainable, but it will be a couple of years yet. Only 18 countries have a GDP that exceeds that amount.

Who is the wealthiest family?

What family owns most of the world's wealth?

Another family has emerged as the richest dynasty in the world. For the first time, the House of Nahyan has joined Bloomberg's annual ranking of family fortunes, and done so at the very top. With a $305 billion fortune, the Al Nahyans of Abu Dhabi topped the Waltons of Walmart Inc. by a cool $45 billion.

Who is the richest person born in Alabama?

The Richest Person in Alabama: Jimmy Rane

When it comes to wealth, Jimmy Rane stands out as the richest person in Alabama. Born in Abbeville, Alabama, Rane is the founder and CEO of Great Southern Wood Preserving, Inc., a company specializing in pressure-treated lumber products.

Who is the richest person in Tennessee?

Richest in Tennessee. 1. Thomas Frist and family, Hospital Corp.

Who owns Alabama's largest home?

The 54,000-square-foot estate at 7 Montagel Way in Shoal Creek was purchased for $4.8 million, according to public records. The 15-bedroom, 19-bathroom mansion sits on 27 acres. Larry and Cindy House were listed as the sellers, according to public records. The buyer was Medical Cloud Computing LLC.

What is the most expensive part of Alabama?

The wealthiest community in Alabama is Mountain Brook, which is a suburb of Birmingham. According to data from the United States Census Bureau, the median household income in Mountain Brook is over $150,000 per year, making it one of the most affluent communities in the state.

Who is the richest man in Birmingham Alabama?

The wealthiest person in Alabama is Jimmy Rane, with a net worth of $900 million.