FILTHY RICH: Utah’s 5 Richest People!
What would it be like to be incredibly filthy rich? To not have to check your bank account every month, to not worry about paying your rent or mortgage that month, or to go and buy a car wish cash... just because you can! Is that the American Dream? To some, it is. Utah is a state with MANY successful businesses, and even more successful people. But, who are the RICHEST people in the Beehive State?
UTAH'S 5 RICHEST PEOPLE:
5. SCOTT WATTERSON - Net worth: $1.0B
Residing in Logan, Utah, Scott is the cofounder of the Utah-based fitness equipment maker iFIT. IFIT makes treadmills, bikes and other machines and offers fitness content under brands like NordicTrack and ProForm and the iFIT app.
4. JARED SMITH - Net worth: $1.4B
Jared is the brother of Ryan Smith (#3 on our list). Jared and Ryan founded the Utah-based computing company Qualtrics. They founded the company with their father in 2002. In January of 2018, Qualtrics was acquired by German software firm SAP for $8 billion in cash. Talk about a pay day! Jared is from Provo, Utah.
3. RYAN SMITH - Net worth: $2.2B
As stated above, Ryan, his brother Jared, and their father founded Qualtrics. In 2020 Ryan bought the Utah Jazz for $1.66B. In the spring of 2024, Ryan also acquired the Arizona Coyotes to bring Utah their very first NHL Franchise this fall.
2. MATTHEW PRINCE - Net worth: $2.8B
Matthew cofounded Cloudflare in 2009. Cloudflare is a web infrastructure and security company. He owns 10% of the company and serves as the CEO. He's out of Park City, Utah.
1. GAIL MILLER - Net worth: $4.4B
Gail Miller is the widow of Larry H. Miller. Together, they took one single Toyota dealership and turned it into the eighth largest dealership in America. They sold the dealership in 2021 for $3.2B. In 1988, Gail and Larry bought the Utah Jazz for $22M and sold it to Ryan Smith in 2020 for $1.66B. They still own a small portion of the Jazz, all the Megaplex Theaters, and they lead a group of investors attempting to bring a Major League Baseball team into Utah.
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