There Are 724 Billionaires In The U.S. And Over Half Live In These Four States


How hard is it to become a billionaire? Let’s put it this way, as of last count there are 20.27 million millionaires in the U.S. Of those, 1,456,336 have a net worth of more than $10 million. So to achieve a billion dollars, to be one of 724 people, that is next level wealth.

Anyone can become a millionaire. Even if you’re salary tops out at $50K per year. That has been proven time and time again. But if your goal is to become a billionaire, you would be wise to also create some different goals. Preferably a few that are much easier to attain.

Facts About Billionaires That You Might Not Know

  1. About 2,700 billionaires exist in the world.
  2. The United States is home to the most billionaires, with around 724.
  3. The wealthiest billionaire in the world is currently Bernard Arnault, co-founder, chair, and CEO of LVMH. He has a net worth of $190 (as of 2023)
  4. Most billionaires made their fortune through self-made businesses.
  5. The average billionaire is about 63 years old.
  6. Over 500 billionaires are self-made women.
  7. 80% of billionaires are married.
  8. Most billionaires are college educated.
  9. The billionaire population is growing at an average rate of 7% a year.

After learning those facts, it should come as no surprise that billionaires mostly live in or around major metropolitan cities. There are outliers, of course, but the vast majority of billionaires live in 10 states. With over half of them living in four states.

where do billionaires live
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Of the 732 billionaires living in the U.S. 189 of them live in California, 126 of them live in New York, while Florida (70) and Texas (64) combine for another 134 of them.

In total, 578 of the billionaires living in the United States live in only 14 states. And, at last count, there were six states that didn’t have a single billionaire resident. Those states are Alabama, Alaska, Delaware, New Hampshire, New Mexico, North Dakota, and Vermont.

So there you have it. If you do want to become a billionaire, you might look to work and live in the places where billionaires work and live. If you want to become great, you should surround yourself with greatness. If nothing else, it couldn’t hurt, right?

[H/T Forbes]

C. James

C. James is the managing editor at Wealth Gang. He has a degree in finance and a passion for creating passive income streams and wealth management.