Management's World Wealth Report covers the two groups that interest them: High Net Worth Individuals (HNWIs) and Ultra-High Net Worth Individuals (Ultra-HNWIs). The first group counts all individuals with at least $1 million of "investible assets" in addition to the values of their primary residence, art works, collectibles, etc. The second group includes individuals with at least $30 million of such investible assets.
Is Bill Haslam in the second group? Obviously. Tom Humphrey reported in December 2009 that receipts from Bill Haslam's investments "have averaged $4.75 million per year since he became mayor of Knoxville." If you use his 2004 investment return in the downtown cinema as a standard - 5% on a 40-year bond issue - his net worth would be $95 million. If you use 10% as a standard, the number drops to a mere $47.5 million. On the other hand, if you use 2.5% as a standard, the number is up to $190 million. That's the investments alone. What his Pilot assets are worth is anybody's guess. The question, I suppose, is: does it matter?
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I don't think it matters
I say that because it looks for all the world like we will be having a republican in the governor's mansion, and among the three primary candidates, Haslam is the only adult in the room. And I don't begrudge the family their success; their history of philanthropy in our region is pretty amazing.
That said, I do laugh at that commercial he was running with (his wife?) talking about how he is just a regular Joe and can talk to anybody etc. - I'm thinking, "How the hell would you know lady? Cause you're just a regular Jane?" Something about the huge blind spot that commercial embodies worries me. But I do admit to liking the guy, seems a pretty reasonable fella.