Utah’s 5 MOST WEALTHY People!

Have you ever wondered what it would be like to be SO RICH that you could do and buy whatever you wanted? It would be pretty nice, right? Imagine not having to check your bank account every week, or worry if you have enough money to pay your rent! Many already know, but Utah is home to many HUGE businesses, and plenty of millionaires and even billionaires! But have you ever wondered who the MOST WEALTHY individuals are in the state? Get ready to find out.

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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