The chart above shows the number of billionaires per 100,000 people in each US region. The West barely ekes out the Northeast in billionaires per capita.
Findings
- The difference between the region with the most billionaires per capita, the West, and the region with the least, the Midwest, is 0.19.
- The West has 3.06 times the billionaires per capita that the Midwest does.
- Alabama, Alaska, Delaware, Louisiana, Mississippi, New Mexico, North Dakota, and Vermont do not have a single billionaire.
Caveats
- Data is from 2018.
- Rates are rounded to the nearest hundredth.
- The Western US consists of California, Washington, Colorado, Arizona, Oregon, Utah, Nevada, New Mexico, Hawaii, Idaho, Alaska, Montana, and Wyoming.
- The Northeastern US consists of New York, Pennsylvania, New Jersey, Massachusetts, Maryland, Connecticut, New Hampshire, Delaware, Maine, Rhode Island, and Vermont.
- The Southern US consists of Texas, Florida, Georgia, North Carolina, Virginia, Tennessee, Louisiana, South Carolina, Alabama, Kentucky, Oklahoma, Arkansas, Mississippi, and West Virginia.
- The Midwestern US consists of Illinois, Ohio, Michigan, Indiana, Minnesota, Wisconsin, Missouri, Iowa, Kansas, Nebraska, North Dakota, and South Dakota.
Details
The West and the Northeast essentially have the same number of billionaires per capita and they both have over two times the billionaires per capita that the South does and around three times what the Midwest has.
The Midwest is the only region to not have one millionaire for every million residents, while the South has just over one, and the West and Northeast have nearly three per million people.
Sources
Forbes. 2018. "The World's Billionaires List." Accessed October 2, 2018. https://www.forbes.com/billionaires/list/21/#version:static.
United States Census Bureau. "Annual Estimates of the Resident Population: April 1, 2010 to July 1, 2016." Accessed December 12, 2017. http://factfinder2.census.gov.