These Are The Richest Billionaires In Each US State

The number of billionaires in the U.S. increased 5% compared to last year, going from 720 super wealthy individuals to 775.

As Visual Capitalist’s Avery Koop details below, the richest of the rich are concentrated in states like Texas, California, and New York, but there is almost one billionaire in every single state.

This map uses data from Forbes to showcase the wealthiest billionaire in each state.

The State-by-State Breakdown

According to Forbes, just four states are home to 61% of the country’s billionaires: California (179), New York (130), Florida (92), and Texas (73).

Here’s a closer look at the data on who takes the title of the richest in each 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, entertainment
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 products
Lukas Walton
Illinois
Chicago
$22.9 B
Walmart
Carl Cook
Indiana
Bloomington
$10.3 B
Medical devices
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 & family
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 goods retail
Dennis Washington
Montana
Missoula
$6.4 B
Construction, mining
Warren Buffet
Nebraska
Omaha
$117.0 B
Berkshire Hathaway
Mirian Adelson & family
Nevada
Las Vegas
$36.2 B
Casinos
Rick Cohen & family
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 & family
Ohio
New Albany
$6.0 B
Retail
Harold Hamm & family
Oklahoma
Oklahoma City
$18.5 B
Oil & gas
Phil Knight & family
Oregon
Hillsboro
$41.8 B
Nike
Jeff Yass
Pennsylvania
Haverford
$28.5 B
Trading, investments
Jonathan Nelson
Rhode Island
Providence
$3.1 B
Private equity
Robert Faith
South Carolina
Charleston
$5.2 B
Real estate management
T. Denny Sanford
South Dakota
Sioux Falls
$2.0 B
Banking, credit cards
Thomas Frist Jr. & family
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 food
Jeff Bezos
Washington
Medina
$149.0 B
Amazon
John Menard Jr.
Wisconsin
Eau Claire
$18.1 B
Home improvement stores
John Mars
Wyoming
Jackson
$39.4 B
Candy, pet food

Many billionaires in the U.S. are extremely well-known, such as California’s Larry Page, New York’s Michael Bloomberg, or Washington state’s Jeff Bezos.

Interestingly, Bill Gates doesn’t take the top spot as the richest billionaire in Washington because Bezos has a higher net worth—$149 billion vs. Gates’ $104 billion—although they do live in the exact same town of Medina, WA.

Nearly every state is home to at least one billionaire, some far wealthier than others, like Nebraska’s Warren Buffett ($117 billion), compared to Alabama’s Jimmy Rane ($1.2 billion). Some new states, which gained billionaires this year include Alabama, New Hampshire, and Vermont.

Billionaire Wealth

The number of billionaires globally is following a different trend than the one in the U.S., declining year-over-year, and seeing billionaire wealth overall decrease by $500 billion.

The U.S. is home to almost 30% of all the world’s billionaires and while a few like Sam Bankman-Fried and Kanye West lost their billionaire status this year, many continue to get richer. In addition to Ron Corio, New Mexico’s first ever billionaire, eight other individuals on the U.S. list gained billionaire status in the last four years.

Finance and investments, food and beverage, fashion and retail, and technology are the top sources of wealth for U.S. billionaires, with almost 50% of them gaining their fortunes from these specific industries.