Which U.S. States Have the Most Billionaires?

A calculation of how many billionaires there are in the world for Forbes’s 37th Annual World’s Billionaires List found that there are 2,640 billionaires, and these people have a combined worth of $12.2 trillion. The total world wealth reached $454.4 trillion by the end of 2022, which means that billionaires around the world possess around 2% of all of the money in the world, despite making up a minuscule fraction of the global population.

How Many Billionaires Are in the United States?

America is home to 759 billionaires. The estimated that U.S. billionaire total wealth was a combined $4.48 trillion as of November 2022, an amount that grew grown a staggering 50% since before to the pandemic.

It is easy to imagine how the 1% lives with this astonishing wealth, but where does the 1% live? The team at Madison Trust has visualized which U.S. states have the most billionaires based on the number of billionaires per million people. Check it out:

Which U.S. States Have the Most Billionaires? - MadisonTrust.com IRA - Infographic

Where Do Billionaires Live in the United States?

Here are the top 25 states with the most billionaires per capita:

Washington, D.C. — 16.301
Wyoming — 10.287
New York — 6.924
Nevada — 5.297
California — 4.780
Connecticut — 3.582
Montana — 3.510
Florida — 3.442
Massachusetts — 3.154
Texas — 2.393
Colorado — 2.045
Oklahoma — 1.976
Arkansas — 1.959
Illinois — 1.843
Maryland — 1.787
Utah — 1.753
Washington — 1.660
Georgia — 1.631
Tennessee — 1.542
Nebraska — 1.521
Arizona — 1.476
Hawaii — 1.395
Pennsylvania — 1.392
Wisconsin — 1.185
Missouri — 1.132

We chose a per-capita measurement because naturally, states with higher populations will have more billionaires.

With that being said, it is also interesting to look at which states have the most billionaires in total. Here are the top ten U.S. states where the most billionaires live:

California — 186 billionaires
New York — 135 billionaires
Florida — 78 billionaires
Texas — 73 billionaires
Illinois — 23 billionaires
Massachusetts — 22 billionaires
Georgia — 18 billionaires
Pennsylvania — 18 billionaires
Nevada — 17 billionaires
Connecticut — 13 billionaires

There are actually several states with no billionaires — Alabama, Alaska, New Mexico, North Dakota, Vermont, and West Virginia. Where would you want to live if you suddenly became a billionaire?