Richest billionaires in Utah
The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925.
Fast forward some 100 years to 2021: As the COVID-19 pandemic continued to rage, a record-breaking 660 people became billionaires globally, growing the previous year's number by 30%.
While the U.S. is home to the most billionaires out of any other country, Americans are somewhat split in their feelings on the billionaire class. According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021.
Although support for individual billionaires like Bill Gates is relatively strong, many Americans view the ultra-rich—as a group rather than as individuals—negatively. Meanwhile, Amazon CEO Jeff Bezos is projected to become the world's first trillionaire by 2026.
The U.S.'s wealthiest billionaires are mostly concentrated within just a couple of industries: finance and investments, and technology. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Stacker compiled a list of the richest billionaires who are residents of Utah, using data from Forbes. Billionaires are ranked by net worth as of March 24. Forbes lists 6 billionaires in Utah.
#6. Scott Smith
- Net worth: $1.0 billion (#2,420 wealthiest in the world)
- Residence: Provo
- Source of wealth: cloud computing, self made
#5. Jared Smith
- Net worth: $1.4 billion (#2,019 wealthiest in the world)
- Residence: Provo
- Source of wealth: cloud computing, self made
#4. Scott Watterson
- Net worth: $1.6 billion (#1,795 wealthiest in the world)
- Residence: Logan
- Source of wealth: fitness equipment, self made
#3. Ryan Smith
- Net worth: $1.6 billion (#1,766 wealthiest in the world)
- Residence: Provo
- Source of wealth: cloud computing, self made
#2. Matthew Prince
- Net worth: $2.1 billion (#1,402 wealthiest in the world)
- Residence: Park City
- Source of wealth: cybersecurity, self made
#1. Gail Miller
- Net worth: $4.0 billion (#682 wealthiest in the world)
- Residence: Salt Lake City
- Source of wealth: car dealerships, self made
