Finance

These Are The Richest Billionaires In Each US State

The variety of billionaires within the U.S. elevated 5% in comparison with last year, going from 720 tremendous rich people to 775.

As Visual Capitalist’s Avery Koop details below, the richest of the wealthy are concentrated in states like Texas, California, and New York, however there may be nearly one billionaire in each single state.

This map makes use of information from Forbes to showcase the wealthiest billionaire in every state.

The State-by-State Breakdown

According to Forbes, simply 4 states are residence to 61% of the nation’s billionaires: California (179), New York (130), Florida (92), and Texas (73).

Here’s a better have a look at the info on who takes the title of the richest in every state:

Name State Residence Net Worth (Est.) Source of Wealth
Jimmy Rane Alabama Abbeville $1.2 B Lumber
Arturo Moreno Arizona Phoenix $4.8 B Billboards, Los Angeles Angels
Jim Walton Arkansas Bentonville $64.4 B Walmart
Larry Page California Palo Alto $105.0 B Google
Philip Anschutz Colorado Denver $10.8 B Energy, sports activities, leisure
Ray Dalio Connecticut Greenwich $19.1 B Hedge funds
Ken Griffin Florida Miami $32.7 B Hedge funds
Dan Cathy, Bubba Cathy, and Trudy Cathy White Georgia Atlanta $11.0 B Chick-fil-A
Larry Ellison Hawaii Lanai $146.0 B Oracle
Frank VanderSloot Idaho Idaho Falls $3.2 B Nutrition, wellness merchandise
Lukas Walton Illinois Chicago $22.9 B Walmart
Carl Cook Indiana Bloomington $10.3 B Medical units
Harry Stine Iowa Adel $6.9 B Agriculture
Charles Koch Kansas Wichitia $56.9 B Koch Industries
Tamara Gustavson Kentucky Lexington $7.3 B Self storage
Gayle Benson Louisiana New Orleans $4.7 B New Orleans Saints
Susan Alfond Maine Scarborough $2.7 B Shoes
Annette Lerner & household Maryland Chevy Chase $6.3 B Real Estate
Abigail Johnson Massachusetts Milton $21.0 B Fidelity
Daniel Gilbert Michigan Franklin $19.5 B Quicken Loans
Glen Taylor Minnesota Mankato $2.6 B Printing
Thomas Duff & James Duff Mississippi Hattiesburg $2.3 B Tires, diversified
John Morris Missouri Springfield $8.3 B Sporting items retail
Dennis Washington Montana Missoula $6.4 B Construction, mining
Warren Buffet Nebraska Omaha $117.0 B Berkshire Hathaway
Mirian Adelson & household Nevada Las Vegas $36.2 B Casinos
Rick Cohen & household New Hampshire Keene $18.8 B Warehouse automation
Rocco Commisso New Jersey Saddle River $8.0 B Telecom
Ron Corio New Mexico Albuquerque $1.7 B Solar
Michael Bloomberg New York New York City $94.5 B Bloomberg LP
James Goodnight North Carolina Cary $9.3 B Software
Gary Tharaldson North Dakota Fargo $1.2 B Hotels
Lex Wexner & household Ohio New Albany $6.0 B Retail
Harold Hamm & household Oklahoma Oklahoma City $18.5 B Oil & fuel
Phil Knight & household Oregon Hillsboro $41.8 B Nike
Jeff Yass Pennsylvania Haverford $28.5 B Trading, investments
Jonathan Nelson Rhode Island Providence $3.1 B Private fairness
Robert Faith South Carolina Charleston $5.2 B Real property administration
T. Denny Sanford South Dakota Sioux Falls $2.0 B Banking, bank cards
Thomas Frist Jr. & household Tennessee Nashville $22.3 B Hospitals
Elon Musk Texas Austin $230.0 B Tesla, SpaceX
Gail Miller Utah Salt Lake City $4.2 B Car dealerships
John Abele Vermont Shelburne $1.9 B Healthcare
Jacqueline Mars Virginia The Plains $39.4 B Candy, pet meals
Jeff Bezos Washington Medina $149.0 B Amazon
John Menard Jr. Wisconsin Eau Claire $18.1 B Home enchancment shops
John Mars Wyoming Jackson $39.4 B Candy, pet meals

Many billionaires within the U.S. are extraordinarily well-known, comparable to California’s Larry Page, New York’s Michael Bloomberg, or Washington state’s Jeff Bezos.

Interestingly, Bill Gates doesn’t take the highest spot because the richest billionaire in Washington as a result of Bezos has the next web price—$149 billion vs. Gates’ $104 billion—though they do reside in the very same city of Medina, WA.

Nearly each state is residence to not less than one billionaire, some far wealthier than others, like Nebraska’s Warren Buffett ($117 billion), in comparison with Alabama’s Jimmy Rane ($1.2 billion). Some new states, which gained billionaires this 12 months embody Alabama, New Hampshire, and Vermont.

Billionaire Wealth

The variety of billionaires globally is following a special pattern than the one within the U.S., declining year-over-year, and seeing billionaire wealth total lower by $500 billion.

The U.S. is residence to nearly 30% of all of the world’s billionaires and whereas a number of like Sam Bankman-Fried and Kanye West misplaced their billionaire standing this 12 months, many proceed to get richer. In addition to Ron Corio, New Mexico’s first ever billionaire, eight different people on the U.S. record gained billionaire standing within the final 4 years.

Finance and investments, meals and beverage, style and retail, and expertise are the highest sources of wealth for U.S. billionaires, with nearly 50% of them gaining their fortunes from these particular industries.

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