Mapped: The richest billionaire in each US state in 2022
The United States is home to more than a quarter of the world’s billionaires, or about 720 of the approximately 2,700 that exist in the world.
While the country has more billionaires than any other, the United States’ share of global billionaires has actually declined over the past few decades. In 2010, about 40% of the world’s billionaire population lived in America and today that number is closer to 27%.
But who is the richest billionaire of all American states in 2022? This chart uses Forbes data to find out.
The richest of the rich
The billionaires on this list have made their fortunes in a wide range of industries, including technology, automotive, asset management, and video games.
Jeff Bezos and Elon Musk have seen their relative fortunes fluctuate in tandem with the stock prices of Amazon and Tesla in recent years. The volatility in stock prices means they have each held the title of richest person in the world at different times.
|Rank||Last name||Net value
|#6||Michael Bloomberg||76.8||New York|
|#9||Phil Knight and his family||44.8||Oregon|
|#18||Harold Ham and his family||20.1||Oklahoma|
|#19||John Menard, Jr.||18.6||Wisconsin|
|#20||Thomas Frist, Jr. and his family||18.2||Tennessee|
|#25||Pauline MacMillan Keinath||8.6||Missouri|
|#27||Tim Sweeney||7.6||North Carolina|
|#30||John Overdeck||6.5||New Jersey|
|#32||The Wexners & family||5.7||Ohio|
|#33||Ernest Garcia, II.||5.3||Arizona|
|#35||T. Denny Sanford||3.4||South Dakota|
|#40||Jonathan Nelson||2.2||Rhode Island|
|#42||Anita Zucker||1.8||Caroline from the south|
Jeff Bezos previously held the No. 1 spot but now has a net worth of $162 billion. Although he stepped down as CEO 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 only recently became a resident of the state. His move is part of a larger migration trend taking place in the United States today, where California is experiencing population decline for the first time. Last year, 68% of California counties saw population declines, and US Census Bureau data suggests that many of those Americans moved to states like Florida and Texas.
|Region||Net internal migration 2019-2020||Net internal migration 2020-2021|
|South||+503 502||+657 682|
Between 2019 and 2021, the South is the only region that recorded positive net flows of more than one million people, while the Northeast, Midwest and West all saw declines.
warren buffet, “the Oracle of Omaha”, is by far Nebraska’s richest billionaire, with a net worth of $105 billion. Although the stock market had one of its worst starts to a year in history, Buffett’s net worth has been surprisingly stable.
This could be due to value assets becoming fashionable again in favor of growth and technology themes this year. Additionally, Buffett has always been optimistic in environments where fear and negative sentiment are reflected in falling asset prices.
There are eight different women who hold the title of richest billionaire in their state.
Tamara Gustavson is Public Storage’s largest shareholder, with an 11% stake in the company, valued at $60 billion on the New York Stock Exchange. Additionally, she acts as a director of the company and is the daughter of founder B. Wayne Hughes, who passed away recently last year. Incredibly, Public Storage operates over 170 million square feet real estate.
Abigail Johnson and Jacqueline Mars featured on our infographic showing the richest women in the world last year. Johnson served as CEO of top asset manager Fidelity, which his grandfather Edward Johnson founded. And Jacqueline Mars is part of the Mars family, which owns the world’s largest candy maker.
The wealth landscape in the United States is one of extremes. On the one hand, there are many opportunities to earn substantial wealth, but on the other, wealth inequality and income disparity are higher than in many other peer countries.
This culture of productivity and restlessness suggests that even if there isn’t a billionaire in every state in 2022, it seems only a matter of time before Alabama, New Mexico and North Dakota won’t add a billionaire to their ranks.