What state has most millionaires?

California has the most millionaires by raw number, followed by Texas, New York, and Florida, but states like Maryland, Connecticut, and New Hampshire often rank higher in millionaire households per capita, meaning a higher percentage of residents are millionaires. This distinction highlights that while large states have huge total numbers, smaller states can have higher concentrations of wealth.

What is the top 10 richest state?

The top 10 richest U.S. states, typically ranked by median household income or GDP, consistently feature Massachusetts, New Jersey, Maryland, California, Hawaii, New Hampshire, Washington, Colorado, and Utah, with Connecticut often rounding out the list, reflecting high incomes and strong economies, though rankings vary slightly by metric and source. 

Who owns 90% of America's wealth?

The top 10% own 87.2%, and the bottom half owned 1.1%. Corporate equities and real estate facilitated the accumulation of wealth for baby boomers. In 2024, the Silent Generation and baby boomers represented 25% of the population, but held 65% of all wealth in the US.

Which US state has the least millionaires?

Mississippi

Mississippi consistently ranks as the state with the lowest concentration of millionaire households per capita in the U.S., but don't feel bad for the Magnolia State. Thanks to low consumer prices and light taxes, Mississippi also is the second-least expensive state.

What states have 0 billionaires?

As of recent reports (2024-2025), the three U.S. states with no billionaires are Alaska, Delaware, and West Virginia, though some sources list New Hampshire, New Mexico, and North Dakota as having zero or very few, with other states like Alabama and Kentucky also having just one resident. These states consistently appear as having the lowest billionaire populations, with their wealthiest residents often having net worths below the billion-dollar mark. 

States With The Most Millionaires Per Capita

What do 90% of millionaires have in common?

The famed wealthy entrepreneur Andrew Carnegie famously said more than a century ago, “Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined.

Who will be the 1st trillionaire?

While no one is a trillionaire yet, Elon Musk is widely projected to be the first, potentially by 2027, driven by his stakes in Tesla, SpaceX, and X, with some forecasts suggesting SpaceX's potential IPO could significantly accelerate this. Jeff Bezos and Jensen Huang (Nvidia) are also in contention, but Musk's diverse and rapidly growing ventures place him at the forefront, with a major Tesla pay package potentially adding to his net worth, notes PBS News and Yahoo Finance.
 

How many Americans have $2 million in the bank?

Only about 1.8% of U.S. households have $2 million or more in retirement savings, a figure from the Employee Benefit Research Institute (EBRI) using Federal Reserve data (2022 Survey of Consumer Finances). This places them in a very small minority, with even fewer (0.8%) reaching $3 million in retirement funds, highlighting that significant wealth accumulation for retirement is rare for most Americans. 

Who is the 1% in the United States?

The top 1% of Americans refers to the wealthiest households, controlling about 30-31% of the nation's wealth, with household net worths starting around $11-13 million or higher, often generating income from investments and businesses rather than just wages, and representing about 1.3 million households, a group that could theoretically buy most of the country's homes.
 

What is the poorest U.S. state?

Mississippi is consistently ranked as the poorest U.S. state, characterized by the nation's lowest median household income, highest poverty rate (around 18-19%), high child poverty, and significant food insecurity, with states like Louisiana, New Mexico, West Virginia, and Arkansas often following in poverty rankings. These states face challenges like low wages, economic disparities, and limited resources, though some, like Mississippi, show growth in GDP but struggle with low-paying jobs, as noted by this World Population Review article and this Worldatlas article. 

Which U.S. state has the strongest economy?

California has the strongest overall economy by size (largest GDP), clocking in at over $4 trillion, making it the 4th largest economy globally. However, for economic momentum or strength per person, other states like Texas, Florida, Massachusetts, and New York rank high, with Texas and Florida showing faster growth and Massachusetts often leading in metrics like GDP per capita or overall "best" rankings. 

Which state is very rich?

There isn't one single "richest" state, as it depends on the metric, but Massachusetts, Connecticut, Maryland, New Jersey, and California consistently rank among the wealthiest by factors like per capita income, household net worth, and GDP, with Massachusetts often leading in per capita income and California having the largest overall economy.
 

What is the richest city in the USA?

Rank City State Total Private Wealth 1 New York City New York $4 trillion 2 San Francisco Bay Area California $2.7 trillion 3 Los Angeles California $1.5 trillion 4 Houston Texas $975 billion 5 Washington D.C. D.C.

What jobs create the most millionaires?

The top careers for millionaires, according to a large study by Ramsey Solutions, include Engineer, Accountant, Teacher, Management, and Attorney, emphasizing that wealth often comes from discipline and planning rather than just high income or inheritance, with many millionaires never earning six figures annually. Other common fields include software development, finance, healthcare (doctors, pharmacists), and sales. 

Which is the richest area in America?

List of Top 10 Richest Persons in the World

• Elon Musk. Net Worth (as on 10 December 2025): $491B. ...
• Larry Ellison. Net Worth (as on 10 December 2025): $274.5B. ...
• Larry Page. Net Worth (as on 10 December 2025): $260.1B. ...
• Sergey Brin. ...
• Jeff Bezos. ...
• Mark Zuckerberg. ...
• Bernard Arnault and Family. ...
• Jensen Huang.

How much money is considered rich in America?

Being considered "rich" in America is subjective, but surveys show Americans generally think you need around $2.3 to $2.5 million in net worth to be wealthy, though income levels for the top 1% of earners are much lower (around $788k+). Key measures include assets minus liabilities (net worth), high income (top 1-10%), financial security, and having little debt, with definitions varying by generation and location. 

Can I retire at 40 with 2 million dollars?

Yes, retiring at 40 with $2 million is possible but challenging, requiring a lean lifestyle, low cost of living, and aggressive investment/withdrawal strategies, as the money needs to last 50+ years, covering significant healthcare costs before Medicare and inflation. You'll likely need to rely on the 4% rule (generating around $80k/year), supplement with other income, and focus on tax efficiency and careful spending to make it work long-term. 

How many Americans have $1,000,000 in retirement savings?

Only a small fraction of Americans, roughly 2.5% to 4.7%, have $1 million or more in retirement savings, with the percentage rising slightly to around 3.2% among actual retirees, according to recent Federal Reserve data analyses. A higher percentage, about 9.2%, of those nearing retirement (ages 55-64) have reached this milestone, though the majority of households have significantly less saved. 

Who has 400 billion dollars?

As of late 2025/early 2026, Elon Musk is the primary individual who has reached and surpassed $400 billion in net worth, becoming the first person to do so, primarily due to his stakes in Tesla, SpaceX, and xAI. While figures fluctuate, Musk's wealth has seen significant spikes, notably in late 2024 and early 2025, making him the wealthiest person globally, though others like Larry Ellison and Mark Zuckerberg also hold hundreds of billions, they typically rank below Musk.
 

Is Taylor Swift or Kim Kardashian richer?

As of late 2025 reports, Kim Kardashian is generally considered richer than Taylor Swift, with Forbes valuing Kardashian around $1.7-$1.9 billion primarily from her SKIMS business, slightly ahead of Swift's $1.6 billion, largely from her music empire and Eras Tour. While Taylor Swift is the wealthiest female musician, Kim's successful ventures like SKIMS and SKKN By Kim have propelled her net worth past Swift's, making her richer overall, say Yahoo, Fox News, and 93.3 The Beat. 

How rich would Rockefeller be today?

John D. Rockefeller's wealth, if alive today, varies significantly by calculation, ranging from roughly $30-$50 billion (inflation-adjusted) to over $400-$600 billion (economic share), with some estimates placing him as the wealthiest person ever, controlling a larger slice of the U.S. economy (around 1.5%) than even Jeff Bezos or Elon Musk, whose fortunes are massive but represent a smaller national share, according to sources from Britannica, Guinness World Records, Bloomberg, and Business Insider. 

Who is the richest bloodline in the world?

The wealthiest dynasties in the world have never been richer — and the Waltons lead the pack with a net worth of $513.4 billion.

What education do most millionaires have?

While no single degree guarantees wealth, Engineering, Business/MBA, Economics, and Law consistently rank as top fields for producing millionaires, with many high-net-worth individuals also having degrees in Finance, Accounting, or Computer Science, often complemented by advanced postgraduate studies like an MBA. The key often lies in the practical application and high earning potential within these fields, rather than just the degree itself, with many successful individuals also being entrepreneurs or in high-paying technical roles. 

Why do billionaires buy so many houses?

Luxury real estate is often passed down through generations. Billionaires see these homes as long-term investments that can provide value to their families for decades. These properties can also serve as private retreats or family headquarters.