Unveiling the Wealth: The Richest in Ohio, Kentucky, and Indiana

Photo byHaadiza Ogwude

In a captivating display of financial prowess, the latest Forbes 400 list reveals the richest individuals in Ohio, Kentucky, and Indiana, showcasing how wealth intertwines with local legacies and vibrant industries. This year, Cincinnati shines brightly with one of its own, Mike Brown, alongside other notable figures from the region.

Ohio’s Financial Titans

At the forefront of Ohio’s elite is Les Wexner, with a staggering net worth of $7.9 billion, ranking No. 146 nationally. The New Albany resident, renowned for his retail empire, exemplifies the entrepreneurial spirit that has shaped the state. Close behind is Denise York and her family, valued at $6.7 billion and positioned at No. 184, thanks to their ownership of the San Francisco 49ers. Rounding out Ohio's top three is Mike Brown, owner of the Cincinnati Bengals, with a net worth of $3.9 billion, landing at No. 338 on the list. The Bengals, co-founded by Brown’s father, Paul Brown, in 1968, are valued at approximately $4 billion, highlighting the lasting impact of family legacy in the sports world.

Kentucky's Standout

In Kentucky, Tamara Gustavson leads the pack with a net worth of $9.1 billion, ranking No. 118 nationally. A pioneer in the self-storage industry, her success story is a testament to innovative business strategies and the potential for growth in often-overlooked sectors.

Indiana's Notable Wealth

Indiana boasts its own share of financial heavyweights. Carl Cook, residing in Bloomington, tops the state with a net worth of $10.7 billion, earning him the No. 89 spot on the national stage. His fortune stems from the medical devices industry, reflecting Indiana's significant contributions to healthcare innovation. Following him is Herb Simon, valued at $5.1 billion and ranked No. 256, whose real estate ventures have made a lasting mark on Indianapolis. Lastly, James Irsay, owner of the Indianapolis Colts, rounds out Indiana's elite with a net worth of $4.8 billion, landing at No. 278.

Methodology Behind the Rankings

Forbes employs a meticulous approach to compile its rankings, engaging directly with the individuals listed, their associates, and financial experts to gather accurate insights into their wealth. The publication analyzes thousands of documents, including SEC filings and court records, while excluding debts and charitable donations from the final tally.

As these titans of industry continue to shape their communities, their stories resonate far beyond mere numbers. They inspire a narrative of ambition, resilience, and the pursuit of innovation in the face of challenges.