The chart above shows the net worth of the billionaires of each region divided by the population of said region. The Western US has almost one-and-a-half the per capita net worth of billionaires of the next leading region.
Findings
- The difference between the region with the highest per total capita net worth, the West, and the region with the lowest, the Midwest, is $12,389.95.
- The West has 3.25 times the per total capita billionaire net worth that the Midwest does.
Caveats
- Billionaire data is from 2018.
- Population data is from 2010.
- All figures are rounded to the nearest hundredth.
- Alabama, Alaska, Delaware, Louisiana, Mississippi, New Mexico, North Dakota, and Vermont do not have a single billionaire.
- 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 has the highest net worth of billionaires and has the highest net worth when population is taken into account. The Midwest, which in this metric is last, also ranks last when it comes to total billionaire net worth.
The West is the only region that has a state with a per total capita billionaire net worth of over $100,000, that state being Wyoming. Even though the Midwest ranks last in this metric, Nebraska has the second highest per total capita billionaire net worth in the US.
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. September 2012. "United States Summary: 2010: Population and Housing Unit Counts." Accessed January 23, 2018. https://www.census.gov/prod/cen2010/cph-2-1.pdf.