The chart above shows the total net worth of each EU and US state's billionaires. California, Germany, and New York are the only states whose billionaires have a total net worth of over $500 billion.
Findings
- The difference between the state with the highest total net worth, California, and the states with the lowest (that has billionaires), New Hampshire and Hungary, is $732.3 billion.
- California has 666.63 times the billionaire net worth that New Hampshire and Hungary each do.
- The median net worth of billionaires in the 28 states is $11.55 billion and the mean $64.12 billion.
- The median net worth of billionaires in the 20 states that do have billionaires is $32.80 billion and the mean $89.77 billion.
- The median net worth of billionaires in the 50 states is $23.9 billion and the mean $61.94 billion.
- The median net worth of billionaires in the 42 states that do have billionaires is $32.7 billion and the mean $73.74 billion.
- Bulgaria, Croatia, Estonia, Latvia, Lithuania, Luxembourg, Malta, and Slovenia do not have a single billionaire in the EU.
- Alabama, Alaska, Delaware, Louisiana, Mississippi, New Mexico, North Dakota, and Vermont do not have a single billionaire in the US.
Caveats
- Data is from 2018.
Details
California and Germany account for just over one-quarter (27.18%) of all the billionaires in the EU and US and just over one-quarter (26.82%) of the total billionaire net worth in the EU and US. Five states account for half the billionaire net worth in the two superstates: California, Germany, New York, France, and Washington.
Twelve states have a total billionaire net worth of over $100 billion, six are from the US and six from the EU. The US has three out of the top five states in this metric while the EU and the US each have five out of the top ten.
Sources
Forbes. 2018. "The World's Billionaires List." Accessed October 2, 2018. https://www.forbes.com/billionaires/list/21/#version:static.