The chart above shows the number of billionaires in each state. California and New York are the only two states to have more than 100 billionaires.
Findings
- The difference between the state with the most billionaires, Alaska, and the states with the least (that do have billionaires): Hawaii, Idaho, Iowa, Kentucky, New Hampshire, South Carolina, South Dakota, Utah, and West Virginia is 144.
- California has 145 times the billionaires that Hawaii, Idaho, Iowa, Kentucky, New Hampshire, South Carolina, South Dakota, Utah, and West Virginia each do.
- The median number of billionaires in the 50 states is 4.50 and the mean 11.74.
- California has nearly one-quarter of all the billionaires in the country.
- California, New York, and Texas account for half the billionaires in the US.
- Alabama, Alaska, Delaware, Louisiana, Mississippi, New Mexico, North Dakota, and Vermont do not have a single billionaire.
Caveats
- Data is from 2018.
Details
Three-quarters of the country's billionaires reside in ten of the 50 states: California, New York, Texas, Florida, Connecticut, Illinois, Massachusetts, Washington, Colorado, Michigan, and Nevada.
The Midwest is the only region without a state with more than 20 billionaires. Illinois, the Midwestern state with the most, only has 17. Every region has a state without a single billionaire however.
Sources
Forbes. 2018. "The World's Billionaires List." Accessed October 2, 2018. https://www.forbes.com/billionaires/list/21/#version:static.