Most Billionaires by State 2023

There are 756 billionaires living in the United States. They live in 42 of the 50 states, according to Forbes's annual World Billionaires list. The only states where you won’t find a billionaire are Alabama, Alaska, Delaware, New Hampshire, New Mexico, North Dakota, Vermont, and West Virginia.

Another eight states host just one billionaire. They include Idaho, Iowa, Maine, Kentucky, Louisiana, Rhode Island, South Dakota, and South Carolina.

States With the Most Billionaires

More than half of the country’s billionaires live in just four states. Unsurprisingly, these are also some of the most populated states in the country as well.

California

With 186 billionaires, California leads the country with the most ultra-wealthy residents. These billionaires mainly come from the technology and entertainment industries. California’s wealthiest resident in 2022 was Larry Page. Though Meta founder Mark Zuckerberg held this title for years, he stepped down as CEO in 2019 while Page remained a board member of Meta’s parent company. His net worth is $93 billion.

New York

New York City is not only the city that never sleeps, but it is also the home to more billionaire residents than any other city in the world. There are 135 billionaires within the state, and many reside in the city. Former New York City mayor Michael Bloomberg is the richest. His media company, Bloomberg, helped him to amass $76.8 billion.

Florida

The Sunshine State is home to 78 billionaires. The richest person in the state is Interactive Brokers’ founder Thomas Peterffy. Worth $20.1 billion, Petterffy also owns 500,000 acres of land throughout Florida.

Texas

Texas is another southern state with many billionaires at 73 residents. There are a variety of companies behind these billionaires’ earnings. The billionaire residents in the state range from a Walmart heiress to the Dallas Cowboys owner. The richest person within the state (and country) is a new resident. Elon Musk, Tesla CEO, moved from California in 2021. His net worth is $251 billion.