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May 25, 2024
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The 3 states with the most billionaires — and 3 that have none

The 3 states with the most billionaires — and 3 that have none

A view of Billionaires’ Row in New York City.
Photo: Michael Lee (Getty Images)

Across the U.S., billionaires reside in cities big and small. Many are looking for locations that are close to their businesses or their families, have favorable tax systems, or just have a sunnier climate — and maybe access to a beach.

While 47 American states are home to at least one billionaire, there are three states that have zero 10-figure figures, according to Forbes. Take a look at the three states with the most billionaires, as well as the three that have none.

Meta founder and CEO Mark Zuckerberg.
Photo: Jeff Bottari/Contributor (Getty Images)

California has the fiercest competition for the richest person in the state, with 197 billionaires, according to Forbes.

The richest among them is Meta founder and CEO Mark Zuckerberg, who has a net worth of $177 billion. He is currently the world’s fourth-richest person, behind LVMH CEO Bernard Arnault, Amazon founder Jeff Bezos, and Tesla and SpaceX CEO Elon Musk.

Although Zuckerberg also has a home in Hawaii, voting records reviewed by Forbes showed that his primary residence is still in the Golden State.

Former New York City mayor and Bloomberg L.P. co-founder Mike Bloomberg.
Photo: Bloomberg/Contributor (Getty Images)

New York is unsurprisingly home to the second-highest number of billionaires, with 139 residing in the state.

Foremost among them is former New York City mayor and Bloomberg L.P. co-founder Mike Bloomberg. The 82-year-old has a net worth of $106 billion.

Amazon founder and executive chairman Jeff Bezos.
Photo: Dave J. Hogan/Contributor (Getty Images)

Florida has 107 billionaires — among them one of the richest people in the U.S.

Amazon founder and executive chairman Jeff Bezos announced last November that he would be relocating from Seattle, where the company’s headquarters have been located since 1994, to his hometown of Miami to be closer to family and the operations of his aerospace company, Blue Origin.

He has reportedly already purchased three homes on the same Miami-area island, known as South Florida’s “Billionaire Bunker.” Bezos has a net worth of over $200 billion, according to Forbes

Anchorage, Alaska, home to the state’s richest person.
Photo: Jacob Boomsma (Getty Images)

Alaska has no billionaires to its name. Leonard Hyde, president of commercial real estate developer JL Properties, has a net worth of $400 million and lives in Anchorage, Alaska, making him and his family the richest people in the state.

The daughter of the founders of Newark, Delaware-based business, W.L. Gore & Associates, is the state’s richest person.
Photo: NurPhoto/Contributor (Getty Images)

Although Delaware doesn’t have any billionaires, Elizabeth Snyder — Delaware’s richest person — has a $900 million net worth. Her fortune comes from the waterproof fabric Gore-Tex, developed by her family’s Newark, Delaware-based business, W.L. Gore & Associates.

Brad Smith, the retired CEO of Intuit, could become Delaware’s only billionaire soon.
Photo: Handout (Getty Images)

West Virginia currently has zero billionaires. But that may soon change if retired Intuit CEO Brad Smith — the state’s richest person — continues to see his net worth climb thanks to the financial software firm’s surging stock price. Smith has a net worth of about $900 million, according to Forbes.

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