Most people can at least identify the wealthiest neighborhoods in their town, but what about the richest person living in their state? You just might have to take a look at a new map made by the real estate trends blog Movoto to figure that out.
“So how did they get to where they are? Are they all self-made entrepreneurs, or were they just lucky? Do they hoard all that wealth, or do they give back?” Chris Kolmar, chief “armchair economist” for Movoto, asked.
The real estate blog found that these elite are a mix of entrepreneurs and those who inherited grand wealth.
“Of the wealthiest in each state, roughly half are founders of companies. Another major path to wealth is inheritance, with the Waltons being the most striking example,” Kolmar wrote, citing the founder of Walmart, Sam Walton, and how a few of his family members are the wealthiest people in their states, including Texas, Wyoming and Arkansas.
Taking it a step further, Movoto also found that higher education doesn’t necessarily equate to more wealth.
“From an undergraduate education to the coveted Ph.D., most members of the list have some sort of college degree. But years spent studying on campus isn’t necessarily a prerequisite to striking it rich. Bill Gates, a college dropout, is the wealthiest of them all,” Kolmar wrote. ”On the other side of the academic spectrum, Delaware’s Robert Gore holds a Ph.D. but ranks second to last in terms of his net worth.”
Check out Movoto’s blog post to play around with an interactive version of the map and learn more about these well-off people.