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Home » Latest » Special Reports » Report: CEOs who secured the most funding during their tenure in each US state, 2024

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Report: CEOs who secured the most funding during their tenure in each US state, 2024

Elon Musk

The ability of a CEO to fundraise is critical to the success of their company, from raising seed money to bringing late-stage investors on board. So, which CEOs have secured the most funding during their tenure in companies based in each US state?

Hock Tan is the top CEO who has raised the most funding for any US company, with a whopping $100 billion for Broadcom Limited in California. Following him is Albert Bourla (New York), who has secured the second-highest funding for any US company, raising $31 billion for Pfizer. John Visentin of Xerox, Brendan McCracken of Ovintiv, and Elon Musk of Tesla are also among the top CEOs who have raised significant funding for their respective companies.

CEOs who have secured the most funding during their tenure in companies in each US state

RankStateCEOCompanyFunding Secured During CEO's Tenure
1CaliforniaHock TanBroadcom Limited$100,000,000,000
2New YorkAlbert BourlaPfizer$31,000,000,000
3ConnecticutJohn VisentinXerox$24,000,000,000
4ColoradoBrendan McCrackenOvintiv$23,416,900,000
5TexasElon MuskTesla$19,155,644,800
6MassachusettsRobert Gamgort KeurigDr Pepper$14,200,000,000
7MichiganRobert J. ScaringeRivian$13,551,250,000
8NevadaEdward PitoniakVICI Properties$11,496,700,000
9TennesseeRobert RheeBlueOval SK$9,200,000,000
10WashingtonMike SievertT-Mobile$8,500,000,000
11North CarolinaMarvin EllisonLowe’s$8,000,000,000
12OregonSheldon KimberIntersect Power$7,309,000,000
13IllinoisMarc CohenHUB International$6,900,000,000
14VirginiaChristopher NassettaHilton Worldwide$6,500,000,000
15FloridaKaren BensonRoyal Caribbean Group$6,200,000,000
16OklahomaPierce H. Norton IIONEOK$5,950,000,000
17MinnesotaGeoff MarthaMedtronic$5,818,175,000
18ArizonaErnie GarciaCarvana$5,085,120,000
19ArkansasDoug McMillionWalmart$5,000,000,000
20OhioKee EunUltium Cells$5,000,000,000
21PennsylvaniaBrian RobertsComcast$4,911,076,000
22GeorgiaErik LangeteigChart Industries$4,800,000,000
23WisconsinLouis V. PinkhanRegal Rexnord$4,700,000,000
24KentuckyBruce D. BroussardHumana$4,675,000,000
25MissouriGregory BoycePeabody Energy$3,900,000,000
26New JerseyMichael IntratorCoreWeave$3,518,500,000
27MarylandDonald C. WoodFederal Realty Investment Trust$2,847,000,000
28UtahDavid BywaterVivint Solar$2,679,000,000
29South CarolinaEd LonerganDiversey$2,377,000,000
30IndianaIra G. BootsBerry Plastics$2,300,000,000
31DelawareJeffrey MeilerMarlette Funding$2,093,391,752
32AlabamaEdward K. AldagMedical Properties Trust$1,941,600,000
33IdahoVivek SankaranAlbertsons Companies$1,800,000,000
34IowaJames BelardiAthene$1,728,200,000
35WyomingDaniel JulienTeleperformance Group$1,526,000,000
36KansasPatrick M. ShanahanSpirit Aerosystems$1,400,000,000
37NebraskaWarren BuffettBerkshire Hathaway$1,271,500,000
38New HampshireTom BurnsResonetics$1,100,000,000
39MontanaCarl BorgquistAbsaroka Energy$1,000,000,000
40Rhode IslandGeorge PapanierBally's$946,400,000
41VermontKyle ClarkBeta Technologies$886,000,000
42MississippiGarrick RochowCMS Energy Corporation$700,000,000
43South DakotaLinden EvansBlack Hills$550,000,000
44HawaiiMaya RogersTETRIS$534,700,000
45New MexicoJim FusaroArray Technologies$500,000,000
46LouisianaAnthony J. IarocciKey Real Estate Company$400,000,000
47MaineMelissa SmithWex$400,000,000
48West VirginiaMike JohnNortheast Natural Energy$365,000,000
49North DakotaBrian R. Gray KnifeRiver Corporation$277,600,000
50AlaskaRonald DuncanGeneral Communication$135,000,000

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Katherina Davis, Ph.D.
Katherina Davis, PhD in Media Leadership & Organizational Change, is the Deputy News Editor at CEOWORLD Magazine, where she specializes in thought leadership, executive branding, and financial storytelling for a global business audience. With a career that spans over 12 years in fintech journalism and brand communications, Katherina has a reputation for turning complex financial data into stories that engage, educate, and drive strategic value.

Before joining CEOWORLD, she served as a content strategist for leading fintech startups and contributed to publications focused on market intelligence and innovation. Katherina’s editorial focus includes C-suite positioning, PR during IPOs, M&A communications, and business transformation strategies. She holds a degree in Business Journalism and an executive certificate in Digital Brand Strategy.

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