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Mapped: The Wealthiest Billionaire in Each U.S. State in 2022

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Mapped: The Wealthiest Billionaire in Each U.S. State in 2022

The U.S. is home to over a quarter of the world’s billionaires, representing about 720 of the roughly 2,700 that exist globally.

While the country has more billionaires than any other, the U.S. share of global billionaires has actually been shrinking in recent decades. In 2010, about 40% of the world’s billionaire population lived in America⁠—and today, that number is closer to 27%.

But who is the richest billionaire in every American state in 2022? This graphic uses data from Forbes to find out.

The Richest of the Rich

The billionaires on this list have made their fortune in a wide range of industries, including tech, automobiles, asset management, and video games.

Jeff Bezos and Elon Musk have had their relative fortunes fluctuate in tandem with Amazon and Tesla stock prices in recent years. The volatility in share prices has meant they’ve each carried the title of the world’s wealthiest person at varying points.

RankNameNet Worth
($B)
Residence (State)
#1Elon Musk272.0Texas
#2Jeff Bezos167.6Washington
#3Larry Ellison109.5Hawaii
#4Warren Buffett105.2Nebraska
#5Larry Page103.8California
#6Michael Bloomberg76.8New York
#7Jim Walton62.7Arkansas
#8Charles Koch57.9Kansas
#9Phil Knight & Family44.8Oregon
#10Jacqueline Mars33.4Virginia
#11John Mars33.4Wyoming
#12Miriam Adelson28.5Nevada
#13Ken Griffin27.3Illinois
#14Ray Dalio22.0Connecticut
#15Daniel Gilbert21.8Michigan
#16Abigail Johnson21.5Massachusetts
#17Thomas Peterffy21.3Florida
#18Harold Hamm & family20.1Oklahoma
#19John Menard, Jr.18.6Wisconsin
#20Thomas Frist, Jr. & family18.2Tennessee
#21Jeff Yass12.0Pennsylvania
#22Philip Anschutz11.1Colorado
#23Carl Cook11.0Indiana
#24Bernard Marcus8.7Georgia
#25Pauline MacMillan Keinath8.6Missouri
#26Tamara Gustavson8.6Kentucky
#27Tim Sweeney7.6North Carolina
#28Harry Stine6.8Iowa
#29Dennis Washington6.6Montana
#30John Overdeck6.5New Jersey
#31Stephen Bisciotti5.9Maryland
#32Les Wexner & family5.7Ohio
#33Ernest Garcia, II.5.3Arizona
#34Gayle Benson3.9Louisiana
#35T. Denny Sanford3.4South Dakota
#36Frank VanderSloot3.0Idaho
#37Matthew Prince2.9Utah
#38Susan Alfond2.5Maine
#39Glen Taylor2.4Minnesota
#40Jonathan Nelson2.2Rhode Island
#41James Duff2.0Mississippi
#42Anita Zucker1.8South Carolina

Jeff Bezos previously had the top spot but now has a net worth of $162 billion. While he’s stepped down from the CEO role and has sold large amounts of Amazon stock, his ranking will likely still tie in closely to the company’s performance for the foreseeable future.

Elon Musk is the richest billionaire in Texas, however, he only recently became a resident of the state. His move is part of a broader migration trend occurring in the U.S. today, where California is experiencing a population decline for the first time ever. Last year, 68% of counties in California saw population declines, and data from the U.S. Census Bureau suggests many of these Americans opted for states like Florida and Texas.

RegionNet Domestic Migration 2019-2020Net Domestic Migration 2020-2021
Northeast-315,166-399,638
Midwest-207,685-123,103
South+503,502+657,682
West19,349-144,941

Between 2019 to 2021, the South is the only region that saw positive net flows of over a million people, while the Northeast, Midwest, and West all saw declines.

Warren Buffett, the “Oracle of Omaha,” is the richest billionaire in Nebraska by a wide margin, with a net worth of $105 billion. Despite the stock market experiencing one of its worst starts to the year historically, Buffett’s net worth has been surprisingly steady.

This might be due to value assets rotating back into fashion in favor of growth and tech themes this year. Also, historically Buffett has been bullish in environments where fear and negative sentiment reflect through lower asset prices.

Female Billionaires

There are eight different women that hold the title of richest billionaire in their state.

Tamara Gustavson is Public Storage’s largest shareholder, with an 11% stake in the company, valued at $60 billion on the New York Stock Exchange. In addition, she acts as the director of the company and is the daughter of founder B. Wayne Hughes, who recently passed away last year. Incredibly, Public Storage operates more than 170 million square feet of real estate.

Abigail Johnson and Jacqueline Mars were featured on our infographic showing the richest women in the world last year. Johnson has served as CEO of top asset manager Fidelity, which her grandfather Edward Johnson founded. And Jacqueline Mars is part of the Mars family, which owns the world’s largest candy maker.

Big Disparities

The U.S. wealth landscape is one of extremes. On one end, there are ample opportunities to earn substantial wealth, but on the other, wealth inequality and income disparity are higher than many other peer countries.

This productivity and hustle-oriented culture suggests that while there isn’t a billionaire in every state in 2022, it seems like it’s only a matter of time before the likes of Alabama, New Mexico, and North Dakota add a billionaire to their ranks.

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The Richest People in the World in 2023

The world’s five richest people are worth a combined $729 billion. From luxury moguls to Asia’s rising titans, we show the richest in 2023.

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Richest People in the World in 2023

The Richest People in the World in 2023

After witnessing record gains in wealth, ultra-high net worth individuals (UHNWIs) lost a combined $10 trillion last year.

A lagging stock market dented these fortunes against high interest rates, energy shocks, and economic uncertainty. But some of the world’s billionaires have flourished in this environment, posting sky-high revenues in spite of inflationary pressures.

With data from Forbes Real-Time Billionaires List, we feature a snapshot of the richest people in the world in 2023.

Luxury Mogul Takes Top Spot

The world’s richest person is France’s Bernard Arnault, the chief executive of LVMH.

With 75 brands, the luxury conglomerate owns Louis Vuitton, Christian Dior, and Tiffany. LVMH traces back to 1985, when Arnault cut his first major deal with the company by acquiring Christian Dior, a firm that was struggling with bankruptcy.

Fast-forward to today, and the company is seeing record profits despite challenging market conditions. Louis Vuitton, for instance, has doubled its sales in four years.

In the table below, we show the world’s 10 richest people with data as of February 27, 2023:

RankNameSourceNet Worth
Feb 2023
Change
2022-2023
1Bernard Arnault & familyLVMH$202B28%
2Elon MuskTesla, SpaceX$191B-13%
3Jeff BezosAmazon$117B-32%
4Larry EllisonOracle$113B7%
5Warren BuffettBerkshire Hathaway$106B-10%
6Bill GatesMicrosoft$105B-19%
7Carlos Slim Helu & familyTelecom$90B11%
8Mukesh AmbaniDiversified$84B-8%
9Steve BallmerMicrosoft$81B-11%
10Françoise Bettencourt Meyers & familyL'Oréal$79B5%

Elon Musk, the second-wealthiest person in the world has a net worth of $191 billion. In October, Musk took over Twitter in a $44 billion dollar deal, which has drawn criticism from investors. Many say it’s a distraction from Musk’s work with Tesla.

While Tesla shares have rebounded—after falling roughly 70% in 2022—Musk’s wealth still sits about 13% lower than in March of last year.

Third on the list is Jeff Bezos, followed by Larry Ellison. The latter of the two, who founded Oracle, owns 98% of the Hawaiian island of Lanai which he bought in 2012 for $300 million.

Fifth on the list is Warren Buffett. In his annual letter to shareholders, he discussed how Berkshire Hathaway reported record operating profits despite economic headwinds. The company outperformed the S&P 500 Index by about 22% in 2022.

How Fortunes Have Changed

Given multiple economic crosscurrents, billionaire wealth has diverged over the last year.

Since March 2022, just four of the top 10 richest in the world have seen their wealth increase. Two of these are European magnates, while Carlos Slim Helu runs the largest telecom firm in Latin America. In fact, a decade ago Slim was the richest person on the planet.

Top 10 Richest People in the World Growth
Jeff Bezos has seen his wealth decline 32%, or $54 billion, the most across the top 10 richest. Amazon posted a $2.7 billion net loss for the full year of 2022, its worst year yet.

Overall, as the tech sector saw dismal returns over the year, the top 10 tech billionaires lost almost $500 billion in combined wealth.

Recent Shakeups in Asia

Perhaps the most striking news for the world’s richest centers around Gautam Adani, formerly the richest person in Asia.

In January, Hindenburg Research, a short-selling firm, released a report claiming that the Adani Group engaged in stock manipulation and fraud. Specifically, the alleged the firm used offshore accounts to launder money, artificially boost share prices, and hide losses.

The Adani Group, which owns India’s largest ports—along with ports in Australia, Sri Lanka, and Israel—lost $100 billion in value in the span of a few weeks.

Interestingly, very few Indian mutual funds hold significant shares in Adani Group, signaling a lack of confidence across India’s market, which was also cited in Hindenburg’s report.

As a result, Mukesh Ambani has climbed to Asia’s top spot, controlling a $84 billion empire that spans from oil and gas and renewable energy to telecom. His conglomerate, Reliance Industries is the largest company by market cap in India.

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