Special Report

25 Cities With the Most Billionaires

Source: DenisTangneyJr / iStock via Getty Images

5. Palo Alto, California
> Billionaires residing in Palo Alto: 15
> Combined net worth of billionaires in city: $242.8 billion
> Wealthiest billionaire in city: Mark Zuckerberg ($95.5 billion)

One of the youngest billionaires on this list is the cofounder and head of social media giant Facebook, which along with Google dominates the digital-advertising market, who has faced scrutiny in recent years for a range of privacy and targeted-advertising practices.

Source: Sean Pavone / iStock via Getty Images

4. Dallas, Texas
> Billionaires residing in Dallas: 18
> Combined net worth of billionaires in city: $57.9 billion
> Wealthiest billionaire in city: Jerry Jones ($8.7 billion)

The 78-year-old former college athlete made his first million dollars in the 1970s in oil investments and continues to invest in Texas energy and real estate, but he grew into a solid billionaire largely as the owner of the Dallas Cowboys football team, which he purchased for $150 million in 1989.

Source: adamkaz / E+ via Getty Images

3. Los Angeles, California
> Billionaires residing in Los Angeles: 25
> Combined net worth of billionaires in city: $98.8 billion
> Wealthiest billionaire in city: Evan Spiegel ($12.7 billion)

At 30, this tech entrepreneur and one of the world’s youngest billionaires dropped out of Stanford to develop the social media app Snapchat, which made him his first billion dollars at the age of 25.

Source: georgeclerk / E+ via Getty Images

2. San Francisco, California
> Billionaires residing in San Francisco: 41
> Combined net worth of billionaires in city: $173.8 billion
> Wealthiest billionaire in city: Dustin Moskovitz ($17.9 billion)

The 36-year-old cofounder of Facebook is among the youngest billionaires on this list, who left the world’s largest social media network to found Asana, which develops workflow software. Most of his wealth comes from his Facebook stake.

Source: GCShutter / Getty Images

1. New York, New York
> Billionaires residing in New York: 86
> Combined net worth of billionaires in city: $446 billion
> Wealthiest billionaire in city: Michael Bloomberg ($54.9 billion)

This 79-year-old businessman, former New York City mayor and one-time presidential candidate made most of his wealth as the majority owner and cofounder of the business data media giant that bears his name.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.