Mapped: The richest billionaire in each US state in 2022
The US is home to over a quarter of the world’s billionaires, representing about 720 of the roughly 2,700 in the world.
While the country has more billionaires than any other country, the US share of global billionaires has actually shrunk in recent decades. In 2010, about 40% of the world’s billionaires lived in America – and today that number is closer to 27%.
But who is the richest billionaire in each American state in 2022? This chart uses data from Forbes to find out.
The richest of the rich
The billionaires on this list have made their fortunes in a variety of industries, including technology, automobiles, wealth management, and video games.
jeff bezos and Elon Musk In recent years, their relative wealth has fluctuated in tandem with Amazon and Tesla stock prices. The volatility of stock prices has resulted in them holding the title of the richest person in the world at different points in time.
| rank | Surname | net worth ($B) |
residence (state) |
|---|---|---|---|
| #1 | Elon Musk | 272.0 | Texas |
| #2 | jeff bezos | 167.6 | Washington |
| #3 | Larry Ellison | 109.5 | Hawaii |
| #4 | Warren Buffett | 105.2 | Nebraska |
| #5 | Larry Page | 103.8 | California |
| #6 | Michael Bloomberg | 76.8 | new York |
| #7 | Jim Walton | 62.7 | Arkansas |
| #8th | Karl Koch | 57.9 | Kansas |
| #9 | Phil Knight & family | 44.8 | Oregon |
| #10 | Jacqueline Mars | 33.4 | Virginia |
| #11 | John Mars | 33.4 | Wyoming |
| #12 | Miriam Adelson | 28.5 | Nevada |
| #13 | Ken Griffins | 27.3 | Illinois |
| #14 | Ray Dalio | 22.0 | Connecticut |
| #fifteen | Daniel Gilbert | 21.8 | Michigan |
| #16 | Abigail Johnson | 21.5 | Massachusetts |
| #17 | Thomas Peterffy | 21.3 | Florida |
| #18 | Harold Hamm & family | 20.1 | Oklahoma |
| #19 | John Menard, Jr. | 18.6 | Wisconsin |
| #20 | Thomas Frist, Jr. & family | 18.2 | Tennessee |
| #21 | jeff jass | 12.0 | Pennsylvania |
| #22 | Philip Anschutz | 11.1 | Colorado |
| #23 | Karl Koch | 11.0 | Indiana |
| #24 | Bernhard Markus | 8.7 | Georgia |
| #25 | Pauline MacMillan Keinath | 8.6 | Missouri |
| #26 | Tamara Gustavson | 8.6 | Kentucky |
| #27 | Tim Sweeney | 7.6 | North Carolina |
| #28 | Harry Stine | 6.8 | Iowa |
| #29 | DennisWashington | 6.6 | Montana |
| #30 | John Overdeck | 6.5 | New Jersey |
| #31 | Stefan Bisciotti | 5.9 | Maryland |
| #32 | Les Wexner & family | 5.7 | Ohio |
| #33 | Ernest García, II. | 5.3 | Arizona |
| #34 | Gayle Benson | 3.9 | Louisiana |
| #35 | T Denny Sanford | 3.4 | South Dakota |
| #36 | Frank Vander Slot | 3.0 | Idaho |
| #37 | Matthew Prince | 2.9 | Utah |
| #38 | Susan Alfond | 2.5 | Maine |
| #39 | Glen Taylor | 2.4 | Minnesota |
| #40 | Jonathan Nelson | 2.2 | Rhode Island |
| #41 | James Duff | 2.0 | Mississippi |
| #42 | Anita Zucker | 1.8 | South Carolina |
Jeff Bezos previously held the top spot but now has a net worth of $162 billion. Although he has stepped down from the CEO position and sold large amounts of Amazon stock, his ranking will likely still be closely tied to the company’s performance for the foreseeable future.
Elon Musk is the richest billionaire in Texas, but he only recently became a resident of the state. His move is part of a broader migration trend occurring in the United States today, where California is experiencing a population decline for the first time ever. Last year, 68% of California counties saw population declines, and data from the US Census Bureau suggests many of those Americans have chosen states like Florida and Texas.
| region | Net internal migration 2019-2020 | Net internal migration 2020-2021 |
|---|---|---|
| Northeast | -315.166 | -399,638 |
| Middle West | -207,685 | -123.103 |
| south | +503.502 | +657.682 |
| west | 19,349 | -144,941 |
Between 2019 and 2021, the South is the only region to see positive net inflows of over a million people, while the Northeast, Midwest, and West all saw declines.
Warren Buffett, the “Oracle of Omaha,” is by far the richest billionaire in Nebraska with a net worth of $105 billion. Despite the stock market having one of its worst starts to the year on record, Buffett’s net worth was surprisingly resilient.
This could be due to value assets coming back into vogue this year in favor of growth and technology themes. Additionally, Buffett has historically been bullish in environments where fear and negative sentiment are reflected in lower asset prices.
Female Billionaires
There are eight different women who hold the title of the richest billionaire in their state.
Tamara Gustavson is Public Storage’s largest shareholder with an 11% stake in the company, which is valued at $60 billion on the New York Stock Exchange. She also serves as a director of the company and is the daughter of founder B. Wayne Hughes, who passed away last year. Incredibly, Public Storage operates more than 170 million square meters of real estate.
Abigail Johnson and Jacqueline Mars were featured in our infographic last year showcasing the richest women in the world. Johnson was CEO of top wealth manager Fidelity, founded by her grandfather, Edward Johnson. And Jacqueline Mars is part of the Mars family, which owns the world’s largest candy company.
Big differences
The US wealth landscape is one of the extremes. On the one hand there are ample opportunities to earn considerable wealth, on the other hand wealth inequality and income disparities are greater than in many other comparable countries.
This culture of productivity and hustle suggests that while not every state will have a billionaire by 2022, it seems only a matter of time before companies like Alabama, New Mexico, and North Dakota add a billionaire to their ranks record, tape.
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