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Mapped: The Richest Billionaires in U.S. States

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map showing richest billionaires in U.S. states

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Mapped: The Richest Billionaires in Every U.S. State

The number of billionaires in the U.S. increased 5% compared to last year, going from 720 super wealthy individuals to 775. The richest of the rich are concentrated in states like Texas, California, and New York, but there is almost one billionaire in every single state.

This map uses data from Forbes to showcase the wealthiest billionaire in each state.

The State-by-State Breakdown

According to Forbes, just four states are home to 61% of the country’s billionaires: California (179), New York (130), Florida (92), and Texas (73).

Here’s a closer look at the data on who takes the title of the richest in each state:

NameStateResidenceNet Worth (Est.)Source of Wealth
Jimmy RaneAlabamaAbbeville$1.2 BLumber
Arturo MorenoArizonaPhoenix$4.8 BBillboards, Los Angeles Angels
Jim WaltonArkansasBentonville$64.4 BWalmart
Larry PageCaliforniaPalo Alto$105.0 BGoogle
Philip AnschutzColoradoDenver$10.8 BEnergy, sports, entertainment
Ray DalioConnecticutGreenwich$19.1 BHedge funds
Ken GriffinFloridaMiami$32.7 BHedge funds
Dan Cathy, Bubba Cathy, and Trudy Cathy WhiteGeorgiaAtlanta$11.0 BChick-fil-A
Larry EllisonHawaiiLanai$146.0 BOracle
Frank VanderSlootIdahoIdaho Falls$3.2 BNutrition, wellness products
Lukas WaltonIllinoisChicago$22.9 BWalmart
Carl CookIndianaBloomington$10.3 BMedical devices
Harry StineIowaAdel$6.9 BAgriculture
Charles KochKansasWichitia$56.9 BKoch Industries
Tamara GustavsonKentuckyLexington$7.3 BSelf storage
Gayle BensonLouisianaNew Orleans$4.7 BNew Orleans Saints
Susan AlfondMaineScarborough$2.7 BShoes
Annette Lerner & familyMarylandChevy Chase$6.3 BReal Estate
Abigail JohnsonMassachusettsMilton$21.0 BFidelity
Daniel Gilbert MichiganFranklin$19.5 BQuicken Loans
Glen TaylorMinnesotaMankato$2.6 BPrinting
Thomas Duff & James DuffMississippiHattiesburg$2.3 BTires, diversified
John MorrisMissouriSpringfield$8.3 BSporting goods retail
Dennis WashingtonMontanaMissoula$6.4 BConstruction, mining
Warren BuffetNebraskaOmaha$117.0 BBerkshire Hathaway
Mirian Adelson & familyNevadaLas Vegas$36.2 BCasinos
Rick Cohen & familyNew HampshireKeene$18.8 BWarehouse automation
Rocco CommissoNew JerseySaddle River$8.0 BTelecom
Ron CorioNew Mexico Albuquerque$1.7 BSolar
Michael BloombergNew YorkNew York City$94.5 BBloomberg LP
James GoodnightNorth CarolinaCary$9.3 BSoftware
Gary TharaldsonNorth DakotaFargo$1.2 BHotels
Lex Wexner & familyOhioNew Albany$6.0 BRetail
Harold Hamm & familyOklahomaOklahoma City$18.5 BOil & gas
Phil Knight & familyOregonHillsboro$41.8 BNike
Jeff YassPennsylvaniaHaverford$28.5 BTrading, investments
Jonathan NelsonRhode IslandProvidence$3.1 BPrivate equity
Robert FaithSouth CarolinaCharleston$5.2 BReal estate management
T. Denny SanfordSouth DakotaSioux Falls$2.0 BBanking, credit cards
Thomas Frist Jr. & familyTennesseeNashville$22.3 BHospitals
Elon MuskTexasAustin$230.0 BTesla, SpaceX
Gail MillerUtahSalt Lake City$4.2 BCar dealerships
John AbeleVermontShelburne$1.9 BHealthcare
Jacqueline MarsVirginiaThe Plains$39.4 BCandy, pet food
Jeff BezosWashingtonMedina$149.0 BAmazon
John Menard Jr.WisconsinEau Claire$18.1 BHome improvement stores
John MarsWyomingJackson$39.4 BCandy, pet food

Many billionaires in the U.S. are extremely well-known, such as California’s Larry Page, New York’s Michael Bloomberg, or Washington state’s Jeff Bezos.

Interestingly, Bill Gates doesn’t take the top spot as the richest billionaire in Washington because Bezos has a higher net worth—$149 billion vs. Gates’ $104 billion—although they do live in the exact same town of Medina, WA.

Nearly every state is home to at least one billionaire, some far wealthier than others, like Nebraska’s Warren Buffett ($117 billion), compared to Alabama’s Jimmy Rane ($1.2 billion). Some new states, which gained billionaires this year include Alabama, New Hampshire, and Vermont.

Billionaire Wealth

The number of billionaires globally is following a different trend than the one in the U.S., declining year-over-year, and seeing billionaire wealth overall decrease by $500 billion.

The U.S. is home to almost 30% of all the world’s billionaires and while a few like Sam Bankman-Fried and Kanye West lost their billionaire status this year, many continue to get richer. In addition to Ron Corio, New Mexico’s first ever billionaire, eight other individuals on the U.S. list gained billionaire status in the last four years.

Finance and investments, food and beverage, fashion and retail, and technology are the top sources of wealth for U.S. billionaires, with almost 50% of them gaining their fortunes from these specific industries.

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Personal Finance

Mapped: The Income a Family Needs to Live Comfortably in Every U.S. State

Families in expensive states require over $270,000 annually to live comfortably.

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A map showing the income that two working adults with two children need to live comfortably in each U.S. state.

The Income a Family Needs to Live Comfortably in Every U.S. State

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Families in the top five most expensive U.S. states require an annual income exceeding $270,000 to live comfortably.

This visualization illustrates the income necessary for two working adults with two children to maintain a comfortable lifestyle in each state.

“Comfortable” is defined as the income needed to cover a 50/30/20 budget, with 50% allocated to necessities like housing and utilities, 30% to discretionary spending, and 20% to savings or investments.

The calculations for family income needed in each state were done by SmartAsset, using the cost of necessities sourced from the MIT Living Wage Calculator, last updated on Feb. 14, 2024.

Massachusetts Tops the List

Massachusetts is the most expensive state to live comfortably in, requiring a total family income of about $301,184. Hawaii ($294,611) comes in second, followed by Connecticut ($279,885).

Housing is one main reason Massachusetts is an expensive state to live in, particularly in the Boston area. In addition, the state also has a high cost of living, including expenses such as healthcare and utilities.

RankStateIncome for 2 working adults raising 2 children
1Massachusetts$301,184
2Hawaii$294,611
3Connecticut$279,885
4New York$278,970
5California$276,723
6Colorado$264,992
7Washington$257,421
8Oregon$257,338
9New Jersey$251,181
10Rhode Island$249,267
11Vermont$248,352
12Minnesota$244,774
13New Hampshire$244,109
14Alaska$242,611
15Maryland$239,450
16Nevada$237,286
17Virginia$235,206
18Illinois$231,962
19Arizona$230,630
20Pennsylvania$230,464
21Maine$229,549
22Delaware$228,966
23Wisconsin$225,056
24Utah$218,483
25Michigan$214,490
26Nebraska$213,075
27Georgia$212,826
28Montana$211,411
28Iowa$211,411
30Idaho$211,245
31North Carolina$209,331
31Ohio$209,331
33Florida$209,082
34Indiana$206,003
35New Mexico$203,923
36Wyoming$203,424
37Missouri$202,259
38North Dakota$202,176
39Texas$201,344
40South Carolina$200,762
41Kansas$196,768
42Tennessee$195,770
43Oklahoma$194,106
44Alabama$193,606
45South Dakota$192,608
46Kentucky$190,112
47Louisiana$189,613
48West Virginia$189,363
49Arkansas$180,794
50Mississippi$177,798

Meanwhile, Mississippi is the least expensive state for a family to live comfortably, requiring $177,798 per year. Arkansas ($180,794) comes in second, followed by West Virginia ($189,363). In common, all these states share low prices of housing.

Learn More About Cost of Living From Visual Capitalist

If you enjoyed this post, be sure to check out this graphic, which ranks the median down payment for a house by U.S. state.

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