A billionaire is a person whose net worth is at least one billion units of a given unit currency, usually major currencies such as US dollars, euro, and sterling pound. There are currently 1,826 US dollar billionaires in the world spread across 66 countries and having a combined net worth of $7.05 trillion. The combined net worth of the global billionaires is more than a combined GDP of 152 countries. The Forbes magazine produces a list of US dollar billionaires every year. The US has the highest number of billionaires with 540 billionaires. The billionaires in the US have a combined net wealth of $2.399 trillion. The majority of the billionaires in the US have an average age of 66 years.
Billionaires Of California
California has the highest number of billionaires in the US with a total of 124 billionaires. The billionaires in California have a net worth of $532.4 billion combined. The technology industry in California is a major source of wealth for the billionaires including the top five richest in this state. Mark Zuckerberg, with a net worth of $44.6 billion, is the richest in California followed by Larry Ellison, Larry Page, and Sergey Brin with a net worth of $43.6B, $35.2B, and $35.4B respectively. 52 billionaires in California derive their wealth from the tech sector.
Billionaires Of New York
New York has 93 billionaires with a combined wealth of $429.7 billion. The majority of the billionaires in the state derive their wealth from finance and investment sector. Nine of the billionaires in the New York have a net worth of at least $10 billion each. Some of the richest people in the state include Michael Bloomberg, David Koch, George Soros, Carl Icahn, and Rupert Murdoch with a net worth of $40B, $39.6B, $24.9B, $17B, and $10.6B respectively. Eight of the top ten richest people in New York are self-made while the other two have made their fortunes from inherited properties.
Billionaires Of Texas
Texas has 48 billionaires with almost half of the billionaires deriving their wealth from the energy industry. The billionaires in Texas have a net worth of $176.1 billion. However, the top three richest people in the state do not owe their fortune to the energy sector. Alice Walton, an heiress to the company of Wal-Mart, is the wealthiest person in Texas with a net worth of $32.2 billion. Michael Dell is the founder of Dell Company and is worth $19.8 billion.
Billionaires Of Florida
Florida has 44 billionaires with a combined net worth of 126.6 billion. The 27 billionaires in the state made their fortunes while the rest of the billionaires either inherited their wealth or started as a group. Food and beverage industry in Florida is a primary source of wealth for most of Florida’s billionaires. Thomas Peterffy, the richest person in Florida, has a net worth of $11.1 billion. He arrived in the US in 1965 penniless from Hungary, but he is currently the CEO of Interactive Brokers Group.
Billionaires Of Illinois
Illinois has 17 billionaires with a combined net worth of $43.9 billion. 13 of the billionaires in the state live in Chicago. The wealthiest person in Illinois, Ken Griffin, has a net worth of $7.5 billion. Griffin is the founder of the large hedge fund Citadel. The majority of billionaires in the state are drawn from finance and investment sectors. The 11 of the 17 billionaires in Illinois made their fortune. The rest of the billionaires in the state own their fortunes jointly with family members.
Which State Has the Most Billionaires?
With 124 billionaires as of February 2016, California ranks number one in the list of US states ranked by the number of billionaires.
US States By The Number Of Billionaires
|Rank||State/Region||Number of billionaires|
|16||Georgia (U.S. state)||9|
About the Author
John Misachi is a seasoned writer with 5+ years of experience. His favorite topics include finance, history, geography, agriculture, legal, and sports.
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