Money
Mapped: The Wealthiest Billionaire in Each U.S. State in 2022
Check out the latest 2023 update of the richest person in each state.
Mapped: The Wealthiest Billionaire in Each U.S. State in 2022
Check out the latest 2023 update of the richest person in each state.
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.
Rank | Name | Net Worth ($B) | Residence (State) |
---|---|---|---|
#1 | Elon Musk | 272.0 | Texas |
#2 | Jeff Bezos | 167.6 | Washington |
#3 | Larry Ellison | 109.5 | Hawaii |
#4 | Warren Buffett | 105.2 | Nebraska |
#5 | Larry Page | 103.8 | California |
#6 | Michael Bloomberg | 76.8 | New York |
#7 | Jim Walton | 62.7 | Arkansas |
#8 | Charles Koch | 57.9 | Kansas |
#9 | Phil Knight & Family | 44.8 | Oregon |
#10 | Jacqueline Mars | 33.4 | Virginia |
#11 | John Mars | 33.4 | Wyoming |
#12 | Miriam Adelson | 28.5 | Nevada |
#13 | Ken Griffin | 27.3 | Illinois |
#14 | Ray Dalio | 22.0 | Connecticut |
#15 | Daniel Gilbert | 21.8 | Michigan |
#16 | Abigail Johnson | 21.5 | Massachusetts |
#17 | Thomas Peterffy | 21.3 | Florida |
#18 | Harold Hamm & family | 20.1 | Oklahoma |
#19 | John Menard, Jr. | 18.6 | Wisconsin |
#20 | Thomas Frist, Jr. & family | 18.2 | Tennessee |
#21 | Jeff Yass | 12.0 | Pennsylvania |
#22 | Philip Anschutz | 11.1 | Colorado |
#23 | Carl Cook | 11.0 | Indiana |
#24 | Bernard Marcus | 8.7 | Georgia |
#25 | Pauline MacMillan Keinath | 8.6 | Missouri |
#26 | Tamara Gustavson | 8.6 | Kentucky |
#27 | Tim Sweeney | 7.6 | North Carolina |
#28 | Harry Stine | 6.8 | Iowa |
#29 | Dennis Washington | 6.6 | Montana |
#30 | John Overdeck | 6.5 | New Jersey |
#31 | Stephen Bisciotti | 5.9 | Maryland |
#32 | Les Wexner & family | 5.7 | Ohio |
#33 | Ernest Garcia, II. | 5.3 | Arizona |
#34 | Gayle Benson | 3.9 | Louisiana |
#35 | T. Denny Sanford | 3.4 | South Dakota |
#36 | Frank VanderSloot | 3.0 | Idaho |
#37 | Matthew Prince | 2.9 | Utah |
#38 | Susan Alfond | 2.5 | Maine |
#39 | Glen Taylor | 2.4 | Minnesota |
#40 | Jonathan Nelson | 2.2 | Rhode Island |
#41 | James Duff | 2.0 | Mississippi |
#42 | Anita Zucker | 1.8 | South 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.
Region | Net Domestic Migration 2019-2020 | Net Domestic Migration 2020-2021 |
---|---|---|
Northeast | -315,166 | -399,638 |
Midwest | -207,685 | -123,103 |
South | +503,502 | +657,682 |
West | 19,349 | -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.
Money
Charted: Which City Has the Most Billionaires in 2024?
Just two countries account for half of the top 20 cities with the most billionaires. And the majority of the other half are found in Asia.
Charted: Which Country Has the Most Billionaires in 2024?
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.
Some cities seem to attract the rich. Take New York City for example, which has 340,000 high-net-worth residents with investable assets of more than $1 million.
But there’s a vast difference between being a millionaire and a billionaire. So where do the richest of them all live?
Using data from the Hurun Global Rich List 2024, we rank the top 20 cities with the highest number of billionaires in 2024.
A caveat to these rich lists: sources often vary on figures and exact rankings. For example, in last year’s reports, Forbes had New York as the city with the most billionaires, while the Hurun Global Rich List placed Beijing at the top spot.
Ranked: Top 20 Cities with the Most Billionaires in 2024
The Chinese economy’s doldrums over the course of the past year have affected its ultra-wealthy residents in key cities.
Beijing, the city with the most billionaires in 2023, has not only ceded its spot to New York, but has dropped to #4, overtaken by London and Mumbai.
Rank | City | Billionaires | Rank Change YoY |
---|---|---|---|
1 | 🇺🇸 New York | 119 | +1 |
2 | 🇬🇧 London | 97 | +3 |
3 | 🇮🇳 Mumbai | 92 | +4 |
4 | 🇨🇳 Beijing | 91 | -3 |
5 | 🇨🇳 Shanghai | 87 | -2 |
6 | 🇨🇳 Shenzhen | 84 | -2 |
7 | 🇭🇰 Hong Kong | 65 | -1 |
8 | 🇷🇺 Moscow | 59 | No Change |
9 | 🇮🇳 New Delhi | 57 | +6 |
10 | 🇺🇸 San Francisco | 52 | No Change |
11 | 🇹🇭 Bangkok | 49 | +2 |
12 | 🇹🇼 Taipei | 45 | +2 |
13 | 🇫🇷 Paris | 44 | -2 |
14 | 🇨🇳 Hangzhou | 43 | -5 |
15 | 🇸🇬 Singapore | 42 | New to Top 20 |
16 | 🇨🇳 Guangzhou | 39 | -4 |
17T | 🇮🇩 Jakarta | 37 | +1 |
17T | 🇧🇷 Sao Paulo | 37 | No Change |
19T | 🇺🇸 Los Angeles | 31 | No Change |
19T | 🇰🇷 Seoul | 31 | -3 |
In fact all Chinese cities on the top 20 list have lost billionaires between 2023–24. Consequently, they’ve all lost ranking spots as well, with Hangzhou seeing the biggest slide (-5) in the top 20.
Where China lost, all other Asian cities—except Seoul—in the top 20 have gained ranks. Indian cities lead the way, with New Delhi (+6) and Mumbai (+3) having climbed the most.
At a country level, China and the U.S combine to make up half of the cities in the top 20. They are also home to about half of the world’s 3,200 billionaire population.
In other news of note: Hurun officially counts Taylor Swift as a billionaire, estimating her net worth at $1.2 billion.
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