The Native American communities of the United States have been a fundamental part of the country’s culture, history, and economy. Throughout the years, many of these tribes have amassed significant wealth and prosperity, mainly through land development, tourism, casino gambling, and other successful business ventures. If you are wondering which five Native American tribes hold the title for being the richest, continue reading to learn more.
1. Shakopee Mdewakanton Sioux Community
The Shakopee Mdewakanton Sioux Community is the wealthiest Native American tribe, with a total wealth amounting to $2.7 billion.
According to court records, each adult receives a monthly payment of approximately $84,000, or $1.08 million annually. There are 480 members in total. It is a sovereign and federally-recognized tribe located southwest of Saint Paul and Minneapolis, within parts of Shakopee and Prior Lake in Scott County, Minnesota.
The main sources of income of the Shakopee Mdewakanton Sioux Community are gambling and resorts. It boasts two casinos that attract thousands of gamblers from all over the state. The Little Six Casino and Mystic Lake Casino both account for $1.4 billion of the gambling profits in Minnesota.
2. Navajo Nation
It is the second richest Native American tribe, with a net worth of $2.5 billion. The tribe’s wealth mainly comes from natural resources, including oil, coal, and gas. It also has a substantial part in the casino industry, generating income in hundreds of millions. The tribe has a land base of 27,000 sq. miles and extends into the States of New Mexico, Arizona, and New Mexico.
3. Coeur d’Alene
The word ‘Coeur d’Alene’ translates to “heart of an owl,” a name given to the tribe in the 18th century by French traders.
It has a total wealth of around $2.27 billion, and its primary sources of wealth include investments in a wide range of industries. These include technological products, resorts, and casinos.
4. Gila River Indian Community
The Gila River Indian Community is located in the state of Arizona. And mainly generates its money from resorts and casinos. With a whopping net worth of $2.15 billion, the Gila River Indian Community operates eleven casinos and numerous other businesses. It has approximately 21,300 enrolled members, and the Community is home to two tribes – the Pee Posh and Akimel O’odham.
5. Oneida Nation
The Oneida Nation is between Outagamie and Brown Counties and spans 65,400 acres. It is the 5th largest employer in Brown County and 14th largest in Outagamie County, employing around 3,085 people.
The tribe has a total net worth of $1 billion and has successfully and communally established various casinos, tobacco production, convenience stores, and resorts, serving as its primary income sources.