From Business Insider · Tristin Hoffman · · 1m 50s
America's billionaires cluster in five states
Nearly two-thirds of the Forbes 400 richest Americans live in just five states, led by California's tech fortunes.
In brief
Nearly two-thirds of the Forbes 400 richest Americans live in just five states, led by California's tech fortunes. Two hundred forty-nine of America's four hundred richest billionaires live in California, New York, Florida, Texas, and Illinois, with California alone housing eighty-five. Originally reported by Business…
Record wealth threshold for Forbes 400
Forbes released its annual list of America's four hundred richest people. A record four point four billion dollars net worth was required to make the cut.
Billionaires concentrate in five states
Two hundred forty-nine of the Forbes four hundred billionaires live across just five states. These five states hold nearly two-thirds of America's richest people.
California leads with eighty-five billionaires
California is home to eighty-five Forbes four hundred members, many from tech and AI. Google cofounder Larry Page is the state's richest, worth two hundred seventy-eight billion dollars.
New York's fifty-four billionaires span industries
New York state has fifty-four billionaires. Michael Bloomberg, founder of Bloomberg L.P., leads with ninety-four point nine billion dollars, followed by media mogul Rupert Murdoch at twenty-five billion dollars.
Florida attracts forty-nine with low taxes
Florida hosts forty-nine billionaires, drawn by low taxes on the wealthy. Jeff Bezos, Amazon founder and world's second-richest person, leads with three hundred seventy-eight billion dollars.
Texas has forty-three, many from energy
Texas is home to forty-three billionaires. Elon Musk, the world's richest person worth nine hundred eight billion dollars, usually lives near his SpaceX headquarters in Starbase.
Illinois rounds out top five with eighteen
Illinois has eighteen billionaires. Lukas Walton, grandson of Walmart founder Sam Walton, is the state's richest at forty-four point four billion dollars.
Remaining states share one hundred fifty-one billionaires
The other thirty-three states and Washington D.C. share one hundred fifty-one billionaires. Some states have just one, like Oregon's Phil Knight and Nebraska's Warren Buffett.
The headline
Two hundred forty-nine of America's four hundred richest billionaires live in California, New York, Florida, Texas, and Illinois, with California alone housing eighty-five.
