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Mapped: States With the Most U.S. Billionaires in 2025
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Key Takeaways
- California has 199 U.S. billionaires, the most of any state (and fourth-most in the world).
- Only three states—Alaska, Delaware, and West Virginia—don’t have a resident U.S. billionaire.
America’s richest residents are far from evenly distributed.
Today’s map colors each state by the number of resident U.S. billionaires, highlighting where extreme wealth clusters, and where it is entirely absent.
The data for this visualization comes from Forbes’ Real-Time Billionaires list.
It’s a record of every U.S. citizen worth at least $1 billion, with this data for this map accessed July 24th, 2025. These billionaires were then assigned to a primary place of residence using latest news reports.
26 U.S. billionaires have their primary residence abroad.Ranked: States With the Most U.S. Billionaires in 2025
California’s dominance is unmistakable: 199 U.S. billionaires call the Golden State home.
For reference this is more than combined billionaire counts of all the states (and territories) ranked 13–55.
| Rank | State | State Code | Billionaires |
|---|---|---|---|
| 1 | California | CA | 199 |
| 2 | New York | NY | 136 |
| 3 | Florida | FL | 117 |
| 4 | Texas | TX | 83 |
| 5 | Illinois | IL | 30 |
| 6 | Massachusetts | MA | 23 |
| 7 | Pennsylvania | PA | 23 |
| 8 | Georgia | GA | 21 |
| 9 | Nevada | NV | 19 |
| 10 | Connecticut | CT | 17 |
| 11 | Washington | WA | 17 |
| 12 | Arizona | AZ | 15 |
| 13 | Colorado | CO | 13 |
| 14 | Tennessee | TN | 12 |
| 15 | Virginia | VA | 11 |
| 16 | Maryland | MD | 10 |
| 17 | North Carolina | NC | 10 |
| 18 | Ohio | OH | 10 |
| 19 | Michigan | MI | 9 |
| 20 | Missouri | MO | 8 |
| 21 | New Jersey | NJ | 7 |
| 22 | Utah | UT | 7 |
| 23 | Wisconsin | WI | 7 |
| 24 | Wyoming | WY | 7 |
| 25 | Arkansas | AR | 6 |
| 26 | Montana | MT | 6 |
| 27 | Minnesota | MN | 5 |
| 28 | Louisiana | LA | 4 |
| 29 | Nebraska | NE | 4 |
| 30 | Oklahoma | OK | 4 |
| 31 | South Carolina | SC | 4 |
| 32 | Hawaii | HI | 3 |
| 33 | Kansas | KS | 3 |
| 34 | Oregon | OR | 3 |
| 35 | DC | DC | 2 |
| 36 | Indiana | IN | 2 |
| 37 | Mississippi | MS | 2 |
| 38 | New Hampshire | NH | 2 |
| 39 | Alabama | AL | 1 |
| 40 | Idaho | ID | 1 |
| 41 | Iowa | IA | 1 |
| 42 | Kentucky | KY | 1 |
| 43 | Maine | ME | 1 |
| 44 | New Mexico | NM | 1 |
| 45 | North Dakota | ND | 1 |
| 46 | Puerto Rico | PR | 1 |
| 47 | Rhode Island | RI | 1 |
| 48 | South Dakota | SD | 1 |
| 49 | U.S. Virgin Islands | VI | 1 |
| 50 | Vermont | VT | 1 |
| 51 | Alaska | AK | 0 |
| 52 | Delaware | DE | 0 |
| 53 | West Virginia | WV | 0 |
| N/A | U.S. Billionaires Living Abroad | N/A | 26 |
The Bay Area alone hosts over 80 of them, anchored by Big Tech fortunes from Apple, Alphabet, Meta, and a still-expanding AI startup ecosystem.
Los Angeles adds media and entertainment titans, while San Diego’s biotechnology cluster is quietly minting new ultra-rich founders.
The result is a tech-driven wealth engine that shows no sign of slowing, even as some high-profile CEOs (Elon Musk) relocate elsewhere for tax reasons.
Wall Street and Old Money on the Eastern Seaboard
New York ranks second with 136 U.S. billionaires, reflecting its enduring status as the financial capital of the U.S. and, arguably, the world.
Wall Street’s hedge-fund founders, real-estate magnates, and private-equity chiefs dominate the list, but a new cohort of crypto and fintech entrepreneurs has begun to appear.
Nearby Connecticut (17) and Massachusetts (23) benefit from proximity to New York’s finance hub and Boston’s biotech corridor, respectively.
Together these three states account for roughly one-fifth of all American billionaires, illustrating how wealth consolidates along the Northeast corridor.
Sunbelt and Mountain States Gain Ground in Billionaires
Florida takes third place, with 117 U.S. billionaires, tripling its count from 2015.
Warm weather, no state income tax, and an influx of hedge-fund headquarters have powered the surge, especially around Miami and Palm Beach.
Meanwhile, Texas (83) still boasts a deep pool of energy tycoons and rapidly expanding tech wealth in Austin.
And Nevada (19) rides a boom in logistics, data centers, and the lingering influence of casino giants.
Colorado, Arizona, and Wyoming, though smaller in absolute numbers, have all increased their billionaire populations since 2015 as entrepreneurs cash out of high-growth companies and seek lower-tax, high-amenity lifestyles in the Rockies and desert Southwest.
Learn More on the Voronoi App
If you enjoyed today’s post, check out Visualizing the Richest Person in Every U.S. State on Voronoi, the new app from Visual Capitalist.
