In the United States, the rich continue to get richer, according toForbes' new list of the country's top 400 wealthiest people.
The wealth gap among the ultra-rich is widening, so much so that 590 American billionaires were "too poor" to make the annual Forbes 400 List, which calculated that everyone who did make the cut is worth a combined $8 trillion.
According to Forbes, the combined net worths of the top 20 on its list account for 50% of the total, which is up $970 billion from 2025. Despite the minimum net worth "soaring to an unprecedented $4.4 billion," 34 newcomers still made the cut.
In Tennessee, several familiar business leaders once again earned spots on the list, including Thomas Frist Jr. and family and the Haslam family.
This year's
Tennessee group of Forbes 400 members feature two newcomers, including In-N-Out BurgerCEO Lynsi Snyder. The fast food heiress announced in 2025 that she planned to relocate her family to Tennesseeas the California-based fast-food chain expands into the state.
Here's what else to know.
Who are the wealthiest Tennesseans in the country? Where each ranked in the Forbes 400 list
Thomas Frist Jr. and family
Thomas Frist Jr. and his familyranked No. 32 on the list, with a net worth of $33.6 billion.
A former Air Force flight surgeon, Frist co-founded Hospital Corporation of America (HCA) with his father in 1968. Following two management-led buyouts, he helped take the company public for a third time in 2011, according to Forbes. The Frist family continues to hold an estimated 32% stake in the healthcare giant.
Although Frist no longer serves in an executive role at HCA, his sons, Thomas Frist III and William Frist, sit on the company's board of directors. In 2025, Forbes named Frist the richest person in Tennessee.
Jimmy Haslam
Jimmy Haslam ranked No. 114 on the list with a net worth of $12.2 billion.
According to Forbes, Haslam served as chairman of truck stop operator Pilot Flying J from 2021 to 2023, stepping down after helping oversee the company's transition to full ownership by Berkshire Hathaway.
The business was started by Haslam's father, James A. Haslam II, who purchased a gas station in Virginia for $6,000 and built it into what became Pilot. Jimmy Haslam joined the company's board in 1975 while still a senior at the University of Tennessee, when Pilot's annual revenue was about $50 million.
The Haslam family sold Pilot to Berkshire Hathaway in a series of transactions completed in 2017, 2023 and 2024, totaling $13.6 billion.
Beyond the trucking industry, Haslam is a prominent sports owner.
He became the majority owner of the NFL's Cleveland Browns in 2012 and acquired a minority stake in the NBA's Milwaukee Bucks in 2023. His brother, Bill Haslam, is also a billionaire and served as Tennessee governor from 2011 to 2019.
Lynsi Snyder
Lynsi Snyder ranked No. 235 on the list with a net worth of $7.3 billion.
Snyder is the heiress to In-N-Out Burger, the popular West Coast fast-food chain founded by her grandparents in 1948. She officially became a billionaire in 2017 on her 35th birthday, when she received the final portion of her inheritance and gained additional ownership in the family business, Forbes reported.
After the deaths of her father and uncle, both former In-N-Out presidents, Snyder became the family's sole heir at age 17. Through a trust established by her grandparents, she gradually received ownership stakes in the company over more than a decade.
Snyder became president of In-N-Out in 2010 and has overseen significant growth, expanding the chain by more than 150 restaurants during her tenure.
That expansion includes Tennessee. In-N-Out plans to open roughly 30 locations across the state, including a proposed restaurant in Nashville's Melrose neighborhood that would be the chain's closest location to downtown Nashville.
Snyder came under harsh criticism in 2025 after criticizing California's business climate and quality-of-life challenges while discussing her relocation to Tennessee.
Following the backlash, she added that the move would create "wonderful opportunities" for In-N-Out employees to purchase homes, raise families and participate in the company's growth as it expands into new markets.
Mike Hollingshead and family
Mike Hollingshead and his family ranked No. 238 on the list with a net worth of $7.2 billion.
Hollingshead is the founder and chairman of Smyrna Ready Mix (SRM), a Tennessee-based concrete producer that generated an estimated $3.5 billion in revenue in 2025, according to Forbes.
Hollingshead and his wife launched the company in 1999, building their first concrete plant in the backyard of their home in Smyrna. Since then, SRM has grown into the largest producer of ready-mix concrete in the United States, manufacturing an estimated 18.7 million cubic yards of concrete in 2025.
Hollingshead's son, Jeff Hollingshead, has served as CEO since 2014, while his younger son, Ryan Hollingshead, leads SRM's aggregates division, which supplies materials such as rock, sand and gravel. Hollingshead and his immediate family retain 100% ownership of SRM.
Jon Yarbrough
Jon Yarbrough ranked No. 261 on the list with a net worth of $6.5 billion. Yarbrough built his fortune after founding casino gaming machine maker Video Gaming Technologies (VGT) in 1991.
According to Forbes, the business grew alongside the expansion of tribal gaming across the United States. Over the years, Yarbrough said VGT partnered with about 35 tribal nations and operated in more than 100 casino locations.
In 2014, Yarbrough sold VGT to Australian gaming company Aristocrat Leisure for approximately $1.3 billion.
Today, Yarbrough manages his investments, which include real estate and tech stocks, through his family office Yarbrough Capital.
Bill Haslam
Bill Haslam ranked No. 267 on the list with a net worth of $6.3 billion.
The former Tennessee governor built much of his wealth through his family's truck stop business, Pilot Flying J, where he served as president from 1995 to 1999. Haslam transitioned from business to public service when he was elected mayor of Knoxville in 2003. He later served two terms as Tennessee governor from 2011 to 2019.
Following a three-year purchase agreement, Haslam acquired a majority stake in the Nashville Predators in 2025.
Diana Leyva covers trending news and service journalism for The Tennessean. Contact her at Dleyva@gannett.com.
This article originally appeared on Nashville Tennessean: Tennessee's billionaires include two new faces. Who made Forbes 400
