Get All Access for $5/mo

Who's the Richest Person in Your State? Chances Are, It's an Entrepreneur. More than two-thirds of the individuals who rank as the wealthiest people in their state made their own fortunes, according to a new report.

By Catherine Clifford

Opinions expressed by Entrepreneur contributors are their own.

Keeping up with the Joneses much? If you are wondering who the richest person in your state is, start with the entrepreneurs.

Of the 50 people in the U.S. who rank as the wealthiest individuals in their state, 35 are entrepreneurs, according to a report released today by Wealth-X, a Singapore-based firm that compiles research on the ultra wealthy. In other words, more than two-thirds of some of the country's richest people made their own fortunes.

Related: Dreams of Being a Billionaire? Get Your Entrepreneurial Hustle On.

Here's a snapshot of the tech entrepreneurs dominating the list: Bill Gates takes Washington, Larry Ellison tops the list in California, Mike Bloomberg has New York, Michael Dell reigns in Texas and James Goodnight takes North Carolina.

The state-by-state ranking is based on the location of the person's business and his or her net worth.

Have a look at the full list to get a sense of who dominates in each state:

Related: Life Advice From 18 of the Wealthiest People in History (Interactive Graphic)

Who's the Richest Person in Your State? Chances Are, It's an Entrepreneur.

Related: The Wild and Crazy Career Paths of 5 Self-Made Billionaires (Infographic)

Catherine Clifford

Frequently covers crowdfunding, the sharing economy and social entrepreneurship.

Catherine Clifford is a senior writer at Entrepreneur.com. Previously, she was the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Catherine attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. Email her at CClifford@entrepreneur.com. You can follow her on Twitter at @CatClifford.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

How Nvidia CEO Jensen Huang Transformed a Graphics Card Company Into an AI Giant: 'One of the Most Remarkable Business Pivots in History'

Here's how Nvidia pivoted its business to explore an emerging technology a decade in advance.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Want to Start a Business? Skip the MBA, Says Bestselling Author

Entrepreneur Josh Kaufman says that the average person with an idea can go from working a job to earning $10,000 a month running their own business — no MBA required.

Leadership

Why Hearing a 'No' is the Best 'Yes' for an Entrepreneur

Throughout the years, I have discovered that rejection is an inevitable part of entrepreneurship, and learning to embrace it is crucial for achieving success.