The chart above shows the total net worth of each US region's billionaires. The West is the only region whose billionaires have a total net worth of over $1 trillion.
Findings
- The difference between the region with the highest total net worth, the West, and the region with the lowest, the Midwest, is $918.6 billion.
- The West has 3.48 times the billionaire net worth 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.
- 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.
Summary
California whose billionaires have a net worth of $733.4 billion has more billionaire net worth than each of the South and the Midwest. New York is the only other state whose billionaires have a net worth greater than the net worth of billionaires of an entire region as it has more than the Midwest does.
The Western US is home to two out of every five billionaires' dollars; the Northeast is home to almost one out of every four; the South to one out of every five; and the Midwest to one out of every ten.
Sources
Forbes. 2018. "The World's Billionaires List." Accessed October 2, 2018. https://www.forbes.com/billionaires/list/21/#version:static.