- Wyoming has more billionaires per million people than any other state. It is the most likely place to meet a millionaire.
- Hawaii comes in second, with 2.06 billionaires for every million people.
- It’s third place in the country, with 1.29 billionaires for every million people.
- Okay, New Hampshire and New York are some of the other states that are home to some of the most famous people.
A new study shows the 10 places in the US where you are most likely to meet a billionaire.
Project Management experts at The Digital Project Manager looked at information about the 100 richest people in the US, the states where they live, and the population of each state to find out which states have the most successful people.
With 3.47 billionaires for every 100,000 people, Wyoming has the most successful people of any state in the US. John Mars, who received shares in Mars, Incorporated, a multinational company that makes food and pet care products, and Christy Walton, who married into the family that started Walmart, are both from this state.
With 2.06 billionaires for every one million people, Hawaii is the second most successful state in the country. Lawrence Ellison, co-founder and chief technology officer of software company Oracle and the fourth richest person in the US, lives in the state. The Oracle founder is worth $145.2 billion and owns 35% of the company.
Nevada comes in third place with 1.29 billionaires per 100,000 people. David Duffield was born in this state and has co-founded two business software companies, PeopleSoft and Workday, after turning 40.
It’s no surprise that Oklahoma has 0.76 billionaires for every 100,000 people, making it the fourth most successful state in the US. Harold Hamm is one of Oklahoma’s billionaires. He started and is the chairman of Continental Resources, one of the largest private oil companies in the country.
With 0.73 billionaires for every 100,000 people, New Hampshire is just behind in fifth place. Rick Cohen, a billionaire who owns and runs one of the biggest food wholesalers in the United States (C&S Wholesale Grocers), is one of the richest people in New Hampshire.
New York comes in at number six. It is home to 14 of the 100 richest Americans. Since there are 20,201,249 people living there, that means there are 0.70 billionaires for every million people. Big names like Michael Bloomberg live in New York. He helped start the media and financial information company Bloomberg LP and is worth $96.3 billion.
It’s number seven, with 0.65 billionaires for every million people. The Walton family lives there. Rob and Jim Walton, the oldest and youngest sons of Walmart founder Sam Walton, are billionaires.
With 0.56 billionaires for every million people, Connecticut comes in at number eight. Two hedge fund managers, Ray Dalio and Steve Cohen, are billionaires in Connecticut.
California is in ninth place, with 0.54 billionaires for every million people. There are 27 billionaires in California, which has a population of 39,538,223. This means that it has the most billionaires on the list of the 100 richest people in America.
The last state on the list is Washington, which has 0.51 billionaires for every million people.
On the other end of the spectrum, the study also found that Michigan, New Jersey, and Tennessee are the three US states with the fewest billionaires.
Editor of The Digital Project Manager, Nuala Turner, said this about the results: “The US is home to some of the richest and most successful people in the world, so it’s interesting to see which states billionaires live in.” An interesting fact is that Wyoming has some of the most successful people in the US, even though it has the fewest people of any state.
Some people can reach their goal of becoming a billionaire, even if it seems impossible to others. Having a long-term plan, taking measured risks, focusing, being disciplined, and sticking to a routine are all great ways to improve your chances of being financially successful.
Here are the top 10 states in the United States that have the most billionaires:
California: 189 billionaires with a combined net worth of $1.04 trillion.
New York: 126 billionaires with a combined net worth of $672.7 billion.
Texas: 64 billionaires with a combined net worth of $348.5 billion.
Florida: 52 billionaires with a combined net worth of $232.8 billion.
Illinois: 18 billionaires with a combined net worth of $103.3 billion.
Connecticut: 16 billionaires with a combined net worth of $76.5 billion.
Massachusetts: 14 billionaires with a combined net worth of $85.2 billion.
Washington: 13 billionaires with a combined net worth of $129.7 billion.
Pennsylvania: 12 billionaires with a combined net worth of $57.5 billion.
Colorado: 11 billionaires with a combined net worth of $68.7 billion.
Conclusion
With 3.47 billionaires for every 100,000 people, Wyoming is the U.S. state with the biggest concentration of billionaires. People like John Mars and Christy Walton show how successful the state is. Hawaii comes in second with 2.06 billionaires per million people, and famous people like Lawrence Ellison live there. Nevada is in third place, with 1.29 billionaires for every 100,000 people. David Duffield is one of these billionaires. Notably, a lot of billionaires live in states like New York and California, which are known for being financial and tech hubs. The study sheds light on how wealth is spread across the world and stresses that anyone can be successful—even if they want to become a billionaire—if they are focused and plan their steps ahead of time. With a total net worth of $1.04 trillion, the 10 states that make up the list show that California has the most billionaires. New York, Texas, and Florida are next.