Daily Business Report-Feb. 16, 2021
This map from HowMuch.Net reveals the wealthiest billionaire in each U.S. state. Click here to enlarge the map.
Mapping the Wealthiest Billionaires in Each U.S. State
It is a testament to the burgeoning wealth of the U.S. that there is a billionaire in nearly every U.S. state. The country is home to around 800 billionaires among its 330 million people.
The Richest of the Rich
Billionaires are a constant across the United States. The only states that don’t house one of these high-net-worth individuals are: Alabama, New Mexico, North Dakota, Alaska, Vermont, New Hampshire, Rhode Island, and Delaware.
Among the richest of the rich in the U.S., most are men, but there are 10 female billionaires who are the wealthiest in their respective states.
Jeff Bezos is worth an astounding $193.8 billion. Amazon became increasingly successful during the pandemic, as lockdown orders caused many people to have to stay home and shop online rather than in stores.
The runner up, Elon Musk, is worth $191.8 billion. The recent boom in Elon Musk’s net worth was due to the sharp rise in Tesla’s share prices. Recently, Elon Musk shifted his residence to the state of Texas, a move which is indicative of a larger trend of internal migration away from America’s most pricey urban areas.
Many of these individuals have actually become more wealthy during the COVID-19 pandemic, widening the existing gap of wealth inequality within the country.
