While other parts of the world might have the United States beat when it comes to income per capita or providing financial security for all its citizens, no country on earth is home to a greater concentration of wealth than the United States. Of the roughly 2,100 billionaires listed by Forbes in its real-time global billionaires list, over 600 live in the United States, and many others are American citizens living abroad. Of the 10 richest people on earth, seven are Americans.
While most wealthy people tend to live in or near major economic centers in states with large economies, the extremely wealthy live where they please and can be found all across the country. All but six states have at least one billionaire.
Based on Forbes’ list of the richest people in the world, 24/7 Wall St. identified the city in every state that is home to the most billionaires. In cases where the number of billionaires in two cities within the same state was a tie, the city with the largest total billionaire net worth was selected.
As so much global wealth is concentrated in the United States, so too is American wealth concentrated in a handful of major cities, largely in the hubs of finance and corporate headquarters. Many of the billionaires on this list are current or former executives or board members of major companies headquartered in or near the city ranked first. Jim Walton, for example, board member and heir of the Walmart fortune, lives in Bentonville, Arkansas, where the company is headquartered. Bentonville the only city in the state with two billionaires. These are the highest paid CEOs at America’s largest companies.
While many of the entries on this list are major cities like New York and Chicago, there are also a number of highly affluent small cities and suburbs that are either first or second in the state. A number of the places with the second-most billionaires, such as Scarsdale, New York, and Highland Park, Illinois, are affluent suburbs of the highest ranked city in the state. These are the 25 richest cities in America.
Click here to see the city in every state with the most billionaires
Click here to read our methodology
Correction: A previous version of this post used an image improperly attributed as James Duff. Also, James and his brother Thomas are tied as the wealthiest people in Hattiesburg, the original article only listed James as the wealthiest.
Source: Stephen Dunn / Getty Images
Arizona: Phoenix
> Billionaire count: 6
> Wealthiest person in Phoenix: Arturo Moreno ($3.4 billion)
> Total Phoenix billionaire net worth: ($15.6 billion)
> Runner-up city: Tempe (1 billionaire, net worth: $6.2 billion)
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Arkansas: Bentonville
> Billionaire count: 2
> Wealthiest person in Bentonville: Jim Walton ($51.9 billion)
> Total Bentonville billionaire net worth: ($103.5 billion)
> Runner-up city: Fayetteville (1 billionaire, net worth: $3.1 billion)
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Source: Araya Diaz / Getty Images
California: San Francisco
> Billionaire count: 39
> Wealthiest person in San Francisco: Dustin Moskovitz ($13.5 billion)
> Total San Francisco billionaire net worth: ($107.4 billion)
> Runner-up city: Los Angeles (27 billionaires, combined net worth: $115.5 billion)
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Source: Bruce Bennett / Getty Images
Colorado: Denver
> Billionaire count: 4
> Wealthiest person in Denver: Philip Anschutz ($11.5 billion)
> Total Denver billionaire net worth: ($25.4 billion)
> Runner-up city: Elizabeth (1 billionaire, net worth: $7.3 billion)
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Connecticut: Greenwich
> Billionaire count: 11
> Wealthiest person in Greenwich: Ray Dalio ($18.7 billion)
> Total Greenwich billionaire net worth: ($50.7 billion)
> Runner-up city: Branford (1 billionaire, net worth: $5.5 billion)
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Source: Brendan Smialowski / Getty Images
Florida: Palm Beach
> Billionaire count: 10
> Wealthiest person in Palm Beach: Thomas Peterffy ($17.6 billion)
> Total Palm Beach billionaire net worth: ($51.7 billion)
> Runner-up city: Naples (5 billionaires, combined net worth: $23.0 billion)
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Georgia: Atlanta
> Billionaire count: 13
> Wealthiest person in Atlanta: Jim Kennedy ($9.9 billion)
> Total Atlanta billionaire net worth: ($53.4 billion)
> Runner-up city: None
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Hawaii: Honolulu
> Billionaire count: 1
> Wealthiest person in Honolulu: Pierre Omidyar ($13.2 billion)
> Total Honolulu billionaire net worth: ($13.2 billion)
> Runner-up city: Kauai (1 billionaire, net worth: $1.0 billion)
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Source: Jeremy112233 / Wikimedia Commons
Idaho: Idaho Falls
> Billionaire count: 1
> Wealthiest person in Idaho Falls: Frank VanderSloot ($3.7 billion)
> Total Idaho Falls billionaire net worth: ($3.7 billion)
> Runner-up city: None
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Source: Larry Busacca / Getty Images
Illinois: Chicago
> Billionaire count: 11
> Wealthiest person in Chicago: Ken Griffin ($13.1 billion)
> Total Chicago billionaire net worth: ($44.1 billion)
> Runner-up city: Highland Park (2 billionaires, combined net worth: $3.6 billion)
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Source: Courtesy of Rose-Hulman Institute of Technology
Indiana: Bloomington
> Billionaire count: 1
> Wealthiest person in Bloomington: Carl Cook ($10.4 billion)
> Total Bloomington billionaire net worth: ($10.4 billion)
> Runner-up city: Indianapolis (1 billionaire, net worth: $3.3 billion)
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Source: Courtesy of Stine Seed Company
Iowa: Adel
> Billionaire count: 1
> Wealthiest person in Adel: Harry Stine ($5.4 billion)
> Total Adel billionaire net worth: ($5.4 billion)
> Runner-up city: None
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Source: Courtesy of Koch Industries
Kansas: Wichita
> Billionaire count: 1
> Wealthiest person in Wichita: Charles Koch ($42.8 billion)
> Total Wichita billionaire net worth: ($42.8 billion)
> Runner-up city: Leawood (1 billionaire, net worth: $4.1 billion)
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Source: Davel5957 / Getty Images
Kentucky: Lexington
> Billionaire count: 2
> Wealthiest person in Lexington: Tamara Gustavson ($5.0 billion)
> Total Lexington billionaire net worth: ($7.8 billion)
> Runner-up city: None
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Source: Jonathan Bachman / Getty Images
Louisiana: New Orleans
> Billionaire count: 1
> Wealthiest person in New Orleans: Gayle Benson ($3.1 billion)
> Total New Orleans billionaire net worth: ($3.1 billion)
> Runner-up city: None
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Source: Courtesy of Getty Images
Maine: Scarborough
> Billionaire count: 1
> Wealthiest person in Scarborough: Susan Alfond ($1.9 billion)
> Total Scarborough billionaire net worth: ($1.9 billion)
> Runner-up city: None
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Source: Maryland GovPics / Wikimedia Commons
Maryland: Potomac
> Billionaire count: 3
> Wealthiest person in Potomac: Mitchell Rales ($4.8 billion)
> Total Potomac billionaire net worth: ($8.7 billion)
> Runner-up city: Chevy Chase (2 billionaires, combined net worth: $9.0 billion)
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Source: Photo by Brooks Kraft / Corbis / Getty Images
Massachusetts: Boston
> Billionaire count: 10
> Wealthiest person in Boston: Edward Johnson III ($8.0 billion)
> Total Boston billionaire net worth: ($29.3 billion)
> Runner-up city: Brookline (3 billionaires, combined net worth: $11.3 billion)
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Source: MLive / YouTube
Michigan: Grand Rapids
> Billionaire count: 1
> Wealthiest person in Grand Rapids: Hank & Doug Meijer ($10.2 billion)
> Total Grand Rapids billionaire net worth: ($10.2 billion)
> Runner-up city: Franklin (1 billionaire, net worth: $6.9 billion)
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Source: Elsa / Getty Images
Minnesota: Mankato
> Billionaire count: 1
> Wealthiest person in Mankato: Glen Taylor ($2.8 billion)
> Total Mankato billionaire net worth: ($2.8 billion)
> Runner-up city: St. Paul (1 billionaire, net worth: $2.2 billion)
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Source: Courtesy of Duff Capital Investors / Southern Tire Mart
Mississippi: Hattiesburg
> Billionaire count: 2
> Wealthiest person in Hattiesburg: tie — James Duff and Thomas Duff ($1.4 billion)
> Total Hattiesburg billionaire net worth: ($2.8 billion)
> Runner-up city: None
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Source: Sean Pavone / Getty Images
Missouri: St. Louis
> Billionaire count: 6
> Wealthiest person in St. Louis: Pauline MacMillan Keinath ($6.9 billion)
> Total St. Louis billionaire net worth: ($18.6 billion)
> Runner-up city: Springfield (1 billionaire, net worth: $4.0 billion)
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Source: Courtesy of The Washington Companies
Montana: Missoula
> Billionaire count: 2
> Wealthiest person in Missoula: Dennis Washington ($6.7 billion)
> Total Missoula billionaire net worth: ($8.7 billion)
> Runner-up city: Livingston (1 billionaire, net worth: $3.9 billion)
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Source: Chip Somodevilla / Getty Images
Nebraska: Omaha
> Billionaire count: 3
> Wealthiest person in Omaha: Warren Buffett ($89.6 billion)
> Total Omaha billionaire net worth: ($95.2 billion)
> Runner-up city: None
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Source: Lior Mizrahi / Getty Images
Nevada: Las Vegas
> Billionaire count: 7
> Wealthiest person in Las Vegas: Sheldon Adelson ($41.4 billion)
> Total Las Vegas billionaire net worth: ($57.1 billion)
> Runner-up city: Reno (2 billionaires, combined net worth: $2.8 billion)
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Source: DenisTangneyJr / Getty Images
New Hampshire: No Billionaires
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Source: Thos Robinson / Getty Images
New Jersey: Millburn
> Billionaire count: 1
> Wealthiest person in Millburn: John Overdeck ($6.1 billion)
> Total Millburn billionaire net worth: ($6.1 billion)
> Runner-up city: Saddle River (1 billionaire, net worth: $5.3 billion)
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Source: Andrew Burton / Getty Images
New York: New York
> Billionaire count: 89
> Wealthiest person in New York: Michael Bloomberg ($58.4 billion)
> Total New York billionaire net worth: ($482.3 billion)
> Runner-up city: Scarsdale (2 billionaires, combined net worth: $9.3 billion)
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Source: Brad Barket / Getty Images
North Carolina: Cary
> Billionaire count: 3
> Wealthiest person in Cary: James Goodnight ($8.0 billion)
> Total Cary billionaire net worth: ($16.6 billion)
> Runner-up city: Durham (1 billionaire, net worth: $1.8 billion)
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Source: Courtesy of Tharaldson Hospitality Management
North Dakota: Fargo
> Billionaire count: 1
> Wealthiest person in Fargo: Gary Tharaldson ($1.0 billion)
> Total Fargo billionaire net worth: ($1.0 billion)
> Runner-up city: None
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Source: Courtesy of Case Western Reserve University
Ohio: Cleveland
> Billionaire count: 3
> Wealthiest person in Cleveland: Norma Lerner ($1.2 billion)
> Total Cleveland billionaire net worth: ($3.6 billion)
> Runner-up city: New Albany (1 billionaire, net worth: $4.5 billion)
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Oklahoma: Oklahoma City
> Billionaire count: 3
> Wealthiest person in Oklahoma City: Harold Hamm & family ($9.7 billion)
> Total Oklahoma City billionaire net worth: ($25.2 billion)
> Runner-up city: Tulsa (2 billionaires, combined net worth: $10.6 billion)
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Source: Drew Angerer / Getty Images
Oregon: Hillsboro
> Billionaire count: 1
> Wealthiest person in Hillsboro: Phil Knight & family ($40.0 billion)
> Total Hillsboro billionaire net worth: ($40.0 billion)
> Runner-up city: Portland (1 billionaire, net worth: $2.7 billion)
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Source: Courtesy of The Russian Government / Public Domain
Pennsylvania: Philadelphia
> Billionaire count: 3
> Wealthiest person in Philadelphia: Victoria Mars ($7.5 billion)
> Total Philadelphia billionaire net worth: ($10.6 billion)
> Runner-up city: Bryn Mawr (2 billionaires, combined net worth: $6.2 billion)
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Source: Courtesy of Providence Equity
Rhode Island: Providence
> Billionaire count: 1
> Wealthiest person in Providence: Jonathan Nelson ($1.8 billion)
> Total Providence billionaire net worth: ($1.8 billion)
> Runner-up city: None
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South Carolina: Charleston
> Billionaire count: 1
> Wealthiest person in Charleston: Anita Zucker ($1.9 billion)
> Total Charleston billionaire net worth: ($1.9 billion)
> Runner-up city: None
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Source: Courtesy of Sanford Burnham Prebys Medical Discovery Institute
South Dakota: Sioux Falls
> Billionaire count: 1
> Wealthiest person in Sioux Falls: T. Denny Sanford ($2.4 billion)
> Total Sioux Falls billionaire net worth: ($2.4 billion)
> Runner-up city: None
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Source: Eagledj / Wikimedia Commons
Tennessee: Nashville
> Billionaire count: 2
> Wealthiest person in Nashville: Thomas Frist Jr & family ($13.0 billion)
> Total Nashville billionaire net worth: ($19.0 billion)
> Runner-up city: Knoxville (2 billionaires, combined net worth: $4.7 billion)
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Source: Sportstock / Getty Images
Texas: Dallas
> Billionaire count: 17
> Wealthiest person in Dallas: Andrew Beal ($10.2 billion)
> Total Dallas billionaire net worth: ($64.3 billion)
> Runner-up city: Houston (12 billionaires, combined net worth: $56.7 billion)
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Source: Chris Gardner / Getty Images
Utah: Salt Lake City
> Billionaire count: 1
> Wealthiest person in Salt Lake City: Gail Miller ($1.6 billion)
> Total Salt Lake City billionaire net worth: ($1.6 billion)
> Runner-up city: None
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Source: Courtesy of The University of Chicago Booth School of Business
Virginia: McLean
> Billionaire count: 2
> Wealthiest person in McLean: William Conway Jr ($3.5 billion)
> Total McLean billionaire net worth: ($5.0 billion)
> Runner-up city: The Plains (1 billionaire, net worth: $30.2 billion)
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Source: Alex Wong / Getty Images
Washington: Seattle
> Billionaire count: 8
> Wealthiest person in Seattle: Jeff Bezos ($117.1 billion)
> Total Seattle billionaire net worth: ($168.8 billion)
> Runner-up city: Medina (2 billionaires, combined net worth: $113.1 billion)
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Source: Scott Halleran / Getty Images
West Virginia: Lewisburg
> Billionaire count: 1
> Wealthiest person in Lewisburg: Jim Justice II ($1.5 billion)
> Total Lewisburg billionaire net worth: ($1.5 billion)
> Runner-up city: None
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Source: davidwilson1949 / Flickr
Wisconsin: Racine
> Billionaire count: 3
> Wealthiest person in Racine: S. Curtis Johnson ($3.9 billion)
> Total Racine billionaire net worth: ($11.7 billion)
> Runner-up city: Eau Claire (1 billionaire, net worth: $11.7 billion)
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Source: WPA Pool / Getty Images
Wyoming: Jackson
> Billionaire count: 4
> Wealthiest person in Jackson: John Mars ($30.2 billion)
> Total Jackson billionaire net worth: ($58.2 billion)
> Runner-up city: Wilson (2 billionaires, combined net worth: $8.2 billion)
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Methodology
To determine the city in every state with the most billionaires, 24/7 Wall St. compiled data from Forbes’ Real Time Billionaires list. Data on residency and net worth came from the list, which is updated every five minutes to reflect changes in stock prices and private company valuations. In cases where the number of billionaires in two cities within the same state was a tie, the city with the largest total billionaire net worth was given preference. Data is current as of January 13, 2020.
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