Alabama may not be the first state that comes to mind when you think of wealth and affluence, but it’s home to some incredibly wealthy individuals. The richest person in Alabama is Jimmy Rane, with a net worth of $900 million.
Rane’s story is one of tragedy turned into triumph. In 1970, he was working as an attorney in Birmingham when his wife’s parents were killed in a car accident. They had founded Great Southern Wood Preserving, a company that makes fences and decks, and Rane decided to purchase the company and take over as CEO.
Under Rane’s leadership, Great Southern Wood Preserving has become incredibly successful, with annual revenues of over $1 billion. The company is now one of the largest lumber producers in the United States and employs over 1,200 people.
Rane is known for his philanthropy, particularly in the field of education. He has donated millions of dollars to Auburn University, where he serves on the board of trustees, and has also given generously to oter educational institutions in Alabama.
While Rane may be the richest person in Alabama, he’s not the only wealthy individual in the state. Mountain Brook, a suburb of Birmingham, is home to some of the wealthiest people in the United States. With a population of just over 22,000, Mountain Brook has a per capita income of $93,518, making it one of the most affluent communities in the country.
Other wealthy individuals in Alabama include Raymond Harbert, heir to the Harbert Corporation fortune, and Marguerite Harbert, widow of the corporation’s founder. The Harberts are worth an estimated $1.7 billion.
While Alabama may not be known for its wealth, there are certainly some incredibly wealthy individuals in the state. From Jimmy Rane and his success with Great Southern Wood Preserving to the affluent community of Mountain Brook, there’s no shortage of wealth and success in Alabama.
How Many Billionaires Are In Alabama?
According to the latest data available as of September 15, 2020, there are zero billionaires in the state of Alabama. This information is based on the real-time cumulative worth of billionaires worldwide. It is important to note that the number of billionaires in a state or region can fluctuate over time due to various factors such as economic conditions and changes in personal wealth.
Who Is The Richest Family In Alabama?
The richest family in Alabama is the Rane family. Jimmy Rane, the head of the family, is the wealthiest person in the state with a net worth of $900 million. He acquired his wealth through the company Great Southern Wood Preserving, which he purchased in 1970 after his wife’s parents died in a car accident. The company specializes in making decks and fences. The Rane family has been able to maintain their status as the richest family in Alabama due to the continued success and growth of their company.
How Many Millionaires Are In Alabama?
According to recent statistics, Alabama has a total of 94,259 millionaire households. This figure places Alabama at the 26th position in the ranking of states with the highest number of millionaire households in the United States. It is important to note that this number refers to households with a net worth of at least one million dollars, excluding the value of their primary residence.
What Is The Richest Town In Alabama?
According to recent data, the wealthiest town in Alabama is Mountain Brook. This charming suburb of Birmingham is known for its affluence and is considered one of the most prosperous communities in the entire United States. With a population of 22,158, Mountain Brook boasts a per capita income of $93,518. This impressive figure is a testament to the town’s robust economy and the high standard of living enjoyed by its residents. The town is home to numerous upscale shops, restaurants, and cultural attractions, making it an attractive destination for visitors and a desirable place to call home for its residents.
Conclusion
The richest person in Alabama is Jimmy Rane, with a net worth of $900 million. Rane’s success story is a testament to the American dream as he went from being an attorney to owning a successful company that specializes in decks and fences. His wealth puts him in the upper echelon of Alabama’s wealthy, and he is among the state’s most successful entrepreneurs. Alabama is home to several affluent communities, including Mountain Brook, whch has a per capita income of $93,518 and is one of the wealthiest places in the United States. Alabama’s economy and its wealthy residents play a significant role in the state’s overall prosperity and growth.
