Number of Billionaires in US States in 2018

Oct 3, 2018
Number of Billionaires in Each US State

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.

Filed under: Charts and Graphs