Latest news with #richest
Yahoo
18-07-2025
- Business
- Yahoo
Who is the richest person in Tennessee? Here's who made Forbes' 2025 list
For the third year in a row, Forbes has found the richest person in nearly every U.S. state, uncovering billionaires in all but three. The 2025 list features 54 individuals, entrepreneurs, investors, and heirs, whose combined net worth has reached a record $2 trillion, up $400 billion from 2024. While billionaires are spread across most of the country, nearly two-thirds reside in just four states: California (194), New York (137), Florida (116), and Texas (81), where competition for the top spot is especially fierce. In California, for example, even billionaires like Larry Ellison ($175 B), Larry Page ($135 B), and Sergey Brin ($129 B) didn't make the cut, overshadowed by Mark Zuckerberg's $189 billion fortune. In contrast, ten states have only one billionaire each, including Alabama, Idaho, Iowa, Kentucky, Maine, New Mexico, North Dakota, Rhode Island, South Dakota, and Vermont. Here's who was named the richest person in the Volunteer State. Who is the richest person in Tennessee? Thomas Frist Jr. and family were named Tennessee's richest by Forbes with an estimated net worth of $26.8 billion. Frist Jr., along with his father Thomas Frist Sr. and businessman Jack Massey, launched Hospital Corporation of America (HCA Healthcare) in 1968. According to Forbes, Frist Jr. took the company public for the third time in 2011 after two management buyouts. As previously reported by The Tennessean, Frist Jr. conceived the idea for a company that would unite hospitals under a shared system while serving in the military. The inspiration struck after receiving a letter from Massey, urging him to choose between a future in medicine or the restaurant industry. Frist had always planned to return to Nashville and follow in the footsteps of his father, a respected local doctor. But by blending his passions for medicine and business, he drew inspiration from the success of corporate chains like KFC and Holiday Inn, companies that succeeded where independent operators had struggled. Frist envisioned applying a similar model to healthcare by consolidating hospital administration under one corporate structure — that vision became HCA. 'It took an idea from me, and it took Massey's expertise and credibility with Wall Street and Dad's vision and reputation,' said Frist Jr. 'We all came together at the right time in the right place — and that was Nashville, Tennessee." Today HCA Healthcare owns and operates 186 hospitals and around 2,400 sites of care in 20 U.S. states and the U.K. making it the largest hospital chain in the United States. Frist Jr. owns over 25% of the company with his family. Diana Leyva covers trending news and service journalism for the Tennessean. Contact her at Dleyva@ or follow her on X at @_leyvadiana This article originally appeared on Nashville Tennessean: Who is the richest person in Tennessee? See who made Forbes' list Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
03-07-2025
- Business
- Forbes
Wealth Of Thailand's 50 Richest On Forbes List Rises Over 11% To $170.5 Billion
Red Bull's Chalerm Yoovidhya & family retain top spot SINGAPORE (July 3, 2025) – The combined wealth of tycoons on the 2025 Forbes list of Thailand's 50 Richest rose more than 11% to US$170.5 billion, despite slower-than-expected economic growth amid trade tensions and mounting political uncertainty. The complete list can be found here, as well as in the July issue of Forbes Asia and the August issue of Forbes Thailand. Overall, the net worths of nearly half the listees were up with the biggest dollar jump—$8.5 billion—recorded by the Red Bull family, led by Chalerm Yoovidhya. In the No. 1 position for the second year in a row, their wealth skyrocketed to a record $44.5 billion as annual revenue of the energy drinks giant rose to €11.2 billion ($12.9 billion) in 2024 on worldwide sales of nearly 13 billion cans. The Chearavanont brothers of the Charoen Pokphand group retained their position as the country's second-richest with their net worth up by 23% to $35.7 billion. The group is doubling down on digital infrastructure, investing $1 billion with BlackRock to build data centers. The group's fintech unit Ascend Money recently got approval to set up a virtual bank. Energy-and-telecoms tycoon Sarath Ratanavadi climbed two spots to No. 3 for the first time with $12 billion, up from $9.2 billion last year. Completing the merger between his Gulf Energy Development and Intouch Holdings and listing the combined entity in April as Gulf Development powered his ascent. Taking the No. 4 spot is beverage tycoon Charoen Sirivadhanabhakdi, whose net worth was relatively flat at $10.5 billion. In a key move, the patriarch transferred some holdings to his five children but being the group founder, the fortune continues to be listed under his name. Rounding out the top five on the list is the Central Group's Chirathivat family, who saw their wealth decline 13% to $8.6 billion, as weak consumer sentiment impacted the retail sector. A total of 19 listees faced a downdraft. Coffee magnate Prayudh Mahagitsiri's (No. 18, $1.4 billion) wealth took a hit as his PM Group's long-standing joint venture with Nestle ended. Two patriarchs passed away since the last ranking: Vanich Chaiyawan, chairman emeritus of Thai Life; and Pongsak Viddayakorn, cofounder of Bangkok Dusit Medical Services, who went on to build a separate healthcare business under Principal Capital. Their fortunes are now listed under the Chaiyawan family (No. 6, $4.2 billion) and the Viddayakorn family (No. 30, $1.1 billion). Four people fell from the ranks, including renewable energy magnate Somphote Ahunai, whose Energy Absolute faced financial stress. The minimum net worth to qualify for the list dropped to $420 million from last year's $550 million. The top 10 richest in Thailand are: This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges and analysts, the Stock Exchange of Thailand and regulatory agencies. Unlike the Forbes World's Billionaires list rankings, this list encompasses family fortunes, including those shared among extended families of multiple generations. Public fortunes were calculated based on stock prices and exchange rates as on June 13. Private companies were valued based on comparisons with similar companies that are publicly traded. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don't reside in the country but have significant business or other ties to the country. For more information, visit About Forbes: Forbes is an iconic global media brand that has symbolized success for over a century. Fueled by journalism that informs and inspires, Forbes spotlights the doers and doings shaping industries, achieving success and making an impact on the world. Forbes connects and convenes the most influential communities ranging from billionaires, business leaders and rising entrepreneurs to creators and innovators. The Forbes brand reaches more than 140 million people monthly worldwide through its trusted journalism, signature ForbesLive events and 49 licensed local editions in 81 countries. For media queries, please contact: Catherine Ong Associates Pte Ltd Catherine Ong, cell: +65 9697 0007, Email: cath@ Chenxi Wang, cell: +65 8187 3215, Email: chenxi@
Bloomberg
28-05-2025
- Business
- Bloomberg
Arms Billionaire Strnad Overtakes Kellnerova as Richest Czech
Michal Strnad, whose arms company started out selling decommissioned Soviet tanks and military gear, has overtaken Renata Kellnerova as the richest person in the Czech Republic. The 32-year-old tycoon's net worth is $17.1 billion after his wealth surged $7.9 billion this year, according to the Bloomberg Billionaires Index, making him also the richest person in Eastern Europe outside Russia. Kellnerova has a fortune of $16.8 billion.
