FAQ: States Leading the U.S. in Billionaire Residents in 2025

Which states host the most billionaires in the U.S. in 2025?

California, New York, Florida, and Texas host more than 60 percent of the nation’s billionaires, with California leading at approximately 186 billionaire residents.

How many billionaires are there in the U.S. in early 2025?

The United States is home to around 756–868 billionaires, spread across 42 to 47 states.

Which states have no billionaire residents?

Alaska, Delaware, and West Virginia have no billionaire residents, highlighting regional disparities in wealth accumulation.

What industries are most billionaires involved in across the top states?

Tech dominates in California and Washington, finance rules in New York and Connecticut, while retail, food and beverage, and manufacturing contribute meaningfully in several Southern and Midwestern states.

Why are billionaires moving to Florida and Texas?

Wealthy individuals are relocating to Florida and Texas for favorable tax regimes and lower costs of living, accounting for recent gains in billionaire counts there.

How does the billionaire population in California and New York compare to other countries?

California and New York alone house more billionaires than most countries, with concentrations around technology, media, finance, and real estate.

What is the significance of the geographic wealth concentration in the U.S.?

The sharp geographic wealth concentration, with four states accounting for a disproportionate share of billionaire residents, underscores regional economic disparities and the impact of tax and lifestyle migration.

Which states have only one billionaire resident?

Ten states, including Alabama, Idaho, Iowa, Kentucky, Maine, New Hampshire, New Mexico, North Dakota, Rhode Island, South Dakota, and Vermont, host exactly one billionaire each.