Gov. Bill Haslam retains his Forbes status as America’s richest elected official in the magazine’s new 2015 listings..
But despite having his estimated net worth increase to $2.1 billion (from an even $2 billion previously), the governor is still just seventh on the Forbes list of richest Tennesseans and 327th nationwide. His brother, Pilot Flying J CEO James “Jimmy” Haslam III, is still ahead with an estimated net worth of $2.8 billion (No. 234 nationally.)
Tennessee’s richest person is still Thomas Frist Jr., son of Hospital Corporation of America’s founder and brother of former U.S. Senate Majority Leader Bill Frist. His worth is pegged at $8.7 billion, No. 54 nationally.
From Forbes commentary on Haslam:
The richest elected official in America is Bill Haslam, who inherited a 15% stake in truck stop empire Pilot Flying J from his father. The Haslam family fortune grew to an estimated $6 billion this year from $4.3 billion a year ago, helped by plummeting gas prices. Cheaper crude meant Pilot and other gas stations could increase their margins at the pump, boosting the value of the Haslam family’s fortune.
Forbes’ rundown on Tennesseans making the list is HERE. You can click on each person’s name and get some details.
Besides Frist and Jimmy Haslam, those ahead of the governor are Martha Ingram of Nashville ($4.3 billion, no. 129), Federal Express CEO Fredrick Smith of Memphis ($3.5 billion, 171st); Brad Kelley of Franklin and Jeffrey Lorberbaum of Chattanooga (tied at $2.2 billion, 307th).
Gov. Haslam is tied at 327th and $2.1 billion with Forrest Preston of Cleveland.
Note: Previous post (the gov rated 1,006th richest person worldwide) HERE.