Who Is the Richest Man in Mississippi
The richest man in Mississippi is Jimmy R. Davis, founder and chairman of BancorpSouth, according to the latest Forbes real-time billionaires data. His wealth is tied to the holding company that controls the regional bank and financial services group operating across the Southeast. The ranking is based on publicly reported stakes, valuations, and disclosed holdings as of the most recent Forbes update. For the current net worth estimate and ranking, see the Forbes billionaires page for Jimmy R. Davis Forbes Real-Time Billionaires List.
Key Facts About the Richest Man in Mississippi
Jimmy R. Davis built his wealth through BancorpSouth, a bank holding company headquartered in Tupelo, Mississippi, with assets and branches across several states. The company operates commercial banking, mortgage, and wealth management services, and its stock performance directly influences his net worth on Forbes. His position as the richest man in Mississippi reflects both his controlling stake and the scale of the regional banking group he leads.
How His Wealth Compares to Other Mississippi Billionaires
Forbes tracks multiple billionaires with ties to Mississippi, but Jimmy R. Davis ranks at the top in terms of current net worth. Other prominent figures include the Durant family, linked to the casino and hospitality industry, and Sam Walton's heirs, whose Walmart connections trace back to the state. While those families have significant wealth, the latest Forbes data shows Davis holding the top spot among Mississippi residents. Compare the latest net worth figures and rankings on the Forbes billionaires page Forbes Real-Time Billionaires List.
Forbes Ranking Methodology for Mississippi Billionaires
Forbes calculates net worth using stock prices, private company valuations, and public disclosures, updating figures in real time. For Mississippi-based billionaires, the methodology includes bank holding company valuations, real estate, and other disclosed assets. The ranking is sensitive to market moves, so the position of the richest man in Mississippi can shift with banking sector performance and broader market trends.
What Companies and Assets Drive His Wealth
The primary driver of Jimmy R. Davis's wealth is his controlling interest in BancorpSouth and its parent holding company, which oversees a network of banks, loan companies, and financial services subsidiaries. The company's earnings, loan portfolio, and market capitalization are the main factors behind his Forbes listing. Additional assets include real estate and private investments, though the bulk of his reported net worth comes from the bank group. Review the latest company filings and Forbes data on BancorpSouth Forbes Real-Time Billionaires List.
BancorpSouth's Role in Mississippi's Economy
BancorpSouth is one of the largest financial institutions headquartered in Mississippi, serving commercial and consumer clients across several states. Its lending activity, deposit base, and fee income contribute directly to the valuation that Forbes uses for the richest man in Mississippi. The company's regional focus and steady growth have helped maintain its position as a key driver of Davis's wealth in the latest Forbes rankings.
Latest Forbes Data and Public Filings
The most recent Forbes billionaires data lists Jimmy R. Davis as the richest man in Mississippi, with a net worth estimate based on the latest market close and disclosed holdings. SEC filings for BancorpSouth provide additional detail on his stake size, voting power, and compensation, which Forbes incorporates into its calculations. The ranking is updated frequently to reflect stock price changes and corporate actions that affect the holding company's value. Access the latest SEC filings for BancorpSouth