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.
|Rank||Name||Net Worth |
|#6||Michael Bloomberg||76.8||New York|
|#9||Phil Knight & Family||44.8||Oregon|
|#18||Harold Hamm & family||20.1||Oklahoma|
|#19||John Menard, Jr.||18.6||Wisconsin|
|#20||Thomas Frist, Jr. & family||18.2||Tennessee|
|#25||Pauline MacMillan Keinath||8.6||Missouri|
|#27||Tim Sweeney||7.6||North Carolina|
|#30||John Overdeck||6.5||New Jersey|
|#32||Les Wexner & family||5.7||Ohio|
|#33||Ernest Garcia, II.||5.3||Arizona|
|#35||T. Denny Sanford||3.4||South Dakota|
|#40||Jonathan Nelson||2.2||Rhode Island|
|#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|
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.
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.
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.
Charted: Retirement Age by Country
We chart current and effective retirement ages for 45 countries, revealing some stark regional differences.
Charted: Retirement Age by Country
The retirement landscape can look completely different depending on what country you’re in. And charting the retirement age by country reveals a lot of differences in the the makeup of a labor force, both for economic and cultural reasons.
This graphic delves into the current and effective retirement ages across 45 nations in 2020, based on comprehensive data from the OECD 2021 report.
Defining Retirement Ages
Before we dive into the numbers, let’s clarify the measurements used by the Organisation for Economic Co-operation and Development (OECD):
- The current retirement age is the age at which individuals can retire without penalty to pension after completing a full career starting from age 22.
- The effective retirement age refers to the average age of exit from the labor force for workers aged 40 years or more.
Many countries have seen workers effectively retire earlier or later than the current retirement age. This variance can arise due to a multitude in factors including differences in career start ages, some industries offering earlier retirements or benefits for later commitments, or countries facilitating different workforce exits due to market demands and policies.
Some people also choose to retire early due to personal reasons or a lack of available work, receiving a smaller pension or in some cases forgoing it entirely. Likewise, some people choose to stay employed if they are able to find work.
Retirement Age by Country in 2020
Here’s a snapshot of the current and effective retirement ages by country in 2020:
|🇨🇷 Costa Rica||62||67||62|
|🇨🇿 Czech Republic||64||63||62|
|🇰🇷 Korea, Republic of||62||66||65|
|🇳🇿 New Zealand||65||68||66|
|🇬🇧 United Kingdom||66||64||63|
|🇺🇸 United States||66||65||N/A|
|🇪🇺 European Union (Average)||64||63||N/A|
|🇨🇳 China (People's Republic of)||60||66||61|
|🇸🇦 Saudi Arabia||47||59||N/A|
|🇿🇦 South Africa||60||60||56|
Three countries had the highest current retirement age at 67 years, Iceland, Israel, and Norway, but all had slightly lower effective retirement ages on average. On the flip side, Saudi Arabia had the lowest current retirement age at only 47 years with full pension benefits. Only Türkiye at 52 years was close, and notably both had much higher effective retirement ages on average.
Discrepancies between different regions are clear across the board. Many Asian countries including China, India, and South Korea have official minimum retirement ages in the early 60s and late 50s, but see workers stay in the workforce well into their late 60s. Meanwhile, most European countries as well as the U.S. and Canada have more workers retire earlier than minimum retirement ages on average.
Almost all of the countries with measured effective retirement ages for women also saw them exit the workforce earlier than men. This can be the result of cultural gender norms, labor force participation rates, and even the setup of pension systems in different countries.
The five exceptions in the dataset where women retired later than men? Argentina, Estonia, Finland, France, and Luxembourg.
Looking to the Future
In 2023, France sparked controversy by raising its early retirement age by two years. This decision triggered widespread strikes and riots and ignited debates about the balance between economic sustainability and individual well-being.
Given aging demographics in many developed countries and a continued need for labor, this isn’t expected to be the only country to reassess retirement. The OECD projects a two-year increase in the average effective retirement age by the mid-2060s.
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