Utah is a state that has a few billionaires with Provo as the home of the largest concentration of the very rich. The state has a gross product of $188 billion, according to Forbes, but have you ever wondered who is the richest person in the state?
We've put together a listing of the 10 richest people in Utah along with an explanation of how they obtained their wealth.
10. Blake Roney Net Worth - $193 million
Guru Focus reports that Blake Roney has a net worth of at least $193 million. He is the chairman of the board and a ten percent owner of Nu Skin Enterprises Inc. He earned his fortune through his nearly 4 million shares of Ne Skin Enterprises stock.
9. Mitt Romney Net Worth - $300 million
Mitt Romney is an American politician and businessman who has amassed a total net worth of $300 million. According to Celebrity Net Worth, he attended Stanford University, then went on his mission for the Mormon Church in France in 1966.
He returned to the US and completed his bachelor of arts degree in English in 1971. He earned his Juris Doctor and Master of Business Administration degrees from Harvard University in 1975, graduating cum laude from the law school at the top 5 percent of the class.
He worked at Bain & Company, then left to form the Bain Capital offshoot company, where he earned hundreds of millions. He left after 25 years with the firm to pursue a political career. He has served as Governor of Massachusetts and was a Presidential nominee in the 2012 run. He became a Senator from Utah in 2019.
8. Craig Venter Net Worth - $300 million
Forbes lists Craig Venter as one of the richest people from Utah for 2021. He is an American biotechnologist and businessman. He is a pioneer in identifying and mapping the first draft sequence of the human genome.
He founded Celera Genomics, and the Institute for Genomic Research, as well as the J. Craig Venter Institute. He is the chief executive officer of the latter. He also founded Synthetic Genomics and Human Longevity Inc.
Venter is a member of the USA Science and Engineering Festival's advisory board and was elected to the American Philosophical Society. He was listed as number 14 in New Statesman's "The World's 50 Most Influential Figures 2010."
7. Josh James Net worth - $511 million
Josh James is the founder and owner of Domo, an analytics company headquartered in Utah. His net worth at one time was over a billion dollars. He took his company public and for a time it was valued at over $1 billion.
His net worth has since declined as the company's shares went into decline. He is still one of the richest people in Utah with a net worth of around $511 million.
6. Eccles Family Net worth - $ undisclosed
It's difficult to get a straight answer about how much the Eccles family is worth. Spencer Eccles was born in Ogden, Utah and he and his family have given close to $1 billion in donations to worthy causes alone.
They've kept the precise amount of their net wealth a secret but everyone knows that they're incredibly rich. Spencer Eccles is a famous financier and philanthropist from Salt Lake City, Utah. He served as chairman emeritus of the Intermountain Regio of the Wells Fargo Corporation. We've placed them in the middle, but we're sure that it's a conservative estimate of their current wealth as the family just donated an additional $110 million recently.
5. Jon Huntsman Jr. Net worth - $950 million
Jon Huntsman Jr. is the son of John Huntsman Sr. the richest man in Utah before his death. John Huntsman Jr. is an American businessman and politician. He was an executive at the Huntsman Corporation, founded by his late father, billionaire Jon Huntsman Sr. Jon Jr. was elected Governor of Utah in 2004.
He also ran as a candidate in the 2012 presidential primaries under the Republican Party ticket. He was a U.S. Ambassador to Singapore under the George H.W. Bush administration and he worked overseas in Taipei before going to work at the White House under the Reagan administration.
4. Whitney Wolfe Herd Net Worth - $1.3 billion
Whitney Wolfe Herd is an American entrepreneur who became famous for the establishment and creation of a social and dating app called Bumble. She launched the enterprise in 2014 and serves as its chief executive officer.
Whitney was also one of the first executives at Tinder. She was listed in the prestigious Forbes' 30 Under 30 list for 2017 and 2018, and she also made it to the Time 100 list as one of the most influential young entrepreneurs. She was born in Salt Lake City, Utah in 1989.
3. Ryan Smith Net Worth - $1.6 billion
Ryan Smith is one of the richest people in Utah for 2021. He is an American businessman who has achieved billionaire status. He has been building his incredible wealth for years. He was listed on Fortune Magazine's 40 Under 40 list of the most successful businessmen in the United States.
He is a co-founder of a company called Qualtics, and has served as the executive chairman of the firm, located in Provo, Utah. Ryan Smith continues to build his wealth with various business endeavors.
2. Clayton Christensen Net Worth - $2.1 billion
Clayton M. Christiansen was born in Salt Lake City, Uta in April of 1952. He is an American academic and business consultant. He developed the theory of disruptive innovation and wrote a book that introduced the theory in 1997.
He served at the Harvard Business School as a professor and was also a leader and writer in The Church of Jesus Christ of Latter-day Saints. He co-founded Rose Park Advisors, a venture capital firm, and also founded a management consulting and investment firm called Innosight.
1. Gail Miller Net Worth: $3.2 billion
Her legal name is Karen Gail Miller, but she is known as Gail Miller. She is the widow of Larry H. Miller who became chairwoman of the Larry H. Miller Group of companies upon his passing. She inherited the fortune made by her husband, but the couple built the empire together. She is now the wealthiest person in the state of Utah.
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Written by Dana Hanson
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