Alabama is a state that has a remarkably high number of rich people who have a net worth over a million or more, but there are very few billionaires. There has recently been an increase in the number of rich Alabama residents to the tune of 7.9 percent according to Wealth X, but sources show that the numbers are still low in comparison to other states. To satisfy your curiosity about who they are, here are the 20 richest people in Alabama for 2019.
10. Brian Wiatrak – $1.1 million annual salary
Brian Wiatrak is a Pediatrician who works for the Children’s of Alabama non-profit organization. His base pay is $516,716 annually with total compensation of $1.1 million per year. We were able to ascertain that his annual compensation is well over a million dollars a year but there was no information available on his current net worth. He’s one of the highest wage earners in the state of Alabama.
9. Brian Richardson – 1.3 million
Brian Richardson is the ninth richest person in Alabama with a base pay of $546,369 per year and total annual compensation of $1.25 million. He is a physician at the Jackson Hospital and clinic. We also learned that he has recently traded or sold shares of Covia stock. Wallmine has his total net worth at an estimated $990,000 but other sources have placed it above the million-dollar mark.
8. Clark Christianson – 1.3 million
Clark Christianson is running even with Brian Richardson with an estimated net worth of $1.3 million. He is the President and CEO of Providence Hospital, located in Alabama. His base pay is $403,517 per year, but he also receives other compensation that brings his total annual income to $1.27 million.
7. D. Mark Nix – $1.4 million
The 7th richest person in the state of Alabama is D. Mark Nix. Nix is the President adn Chairman of Infirmary Health Systems, Inc. His annual base pay is $689,173. The company provides Mr. Nix with other compensation which totals $1.36 million. He also serves as a board member for the John S. Davis company. He joined the company in 1987 and has served as the President and CEO since 2009.
6. Jason Swanner – $1.4 million
Jason Swanner is the Director of Clinical Operations for the University of Alabama Opthalmology Services. His base pay is $1.2 million with total annual compensation of $1.36 million. Dr. Swanner attended Samford University, graduating in 1994. The continued his education at the University of South Alabama College of Medicine and graduated in 1998. He was also awarded a Harvard University fellowship.
5. Isaac William Ferniany – $1.5 million
Isaac Willian Ferniany is the CEO of the University of Alabama at Birmingham Health System. His base pay is $649,247 annually with additional benefits and perks that bring his total compensation to $1.48 million. He attended the University of Alabama. He is a board member of Vizient, Inc. His previous post, prior to joining UAB was as the Chief Executive Officer of the University of Mississippi Med Center.
4. John O’ Neil – $2 million
John O’ Neil is the President and Chief Operating Officer of St. Vincent’s Health System. Mr. O’Neil receives base pay of $420,615. Along with other benefits and perks, his total compensation package is $1.95 million annually.
3. James W Rane – $900 Million
The third richest person in Alabama is James W. Rane, according to Forbes Magazine. He is the founder of Great Southern Wood Preserving Inc. He surpassed the wealth of the late Gary Drummond who previously held the position with a one-time wealth estimate of $980 million, but his fortune dwindled to $600 million prior to his passing… Another of the richest residents was the late Marguerite Harbert, previously the only billionaire in the state. Rane started his career in the lumber business when he took over the family’s fence post manufacturing company. It was a small operation, but since that time, Rane has built it into an operation with a total of 15 plants.
2. Raymond, John, and Marguerite Harbert ($6.6 billion divided and total split yet unknown).
The second richest person(s) in Alabama is the Harbert children. Their parents John and Marguerite Harbert passed away leaving a $6.6 billion dollar fortune to the children, but the divisions have not yet been made, as there are legal issues ongoing. Marguerite sued her brother Raymond over allegations of mishandling of the estate, so it’s hard to tell how the situation will shake out.
1. James Stephens, Elton Stephens, Jane Comer, Dell S Brooke – $4 billion
James Stephens is the Chairman of EBSCO Industries. He was born in Birmingham, Alabama and is a graduate of Yale University and the Harvard Business School. He’s currently 80 years old and is the richest man in Alabama. His father Elton B. Stephens started the company with an investment of $5,000. He began selling magazine subscriptions to the US military in 1944. He built the company up into a multi-billion dollar industry that employs over 5,700 workers throughout the world. James Stephens has since inherited a portion of the company since the death of his father in 2005. James and his siblings Elton, Jane, and Dell are heirs to the family fortune with an estimated net worth of $4 billion making them the richest family in the state of Alabama.