Where do extremely rich people live?

Extremely rich people live in global financial and cultural hubs like New York City, Hong Kong, and London, but also cluster in major U.S. cities such as Los Angeles, San Francisco, Chicago, and Miami, drawn by wealth opportunities and lifestyle, often with secondary homes in areas like the Hamptons or Aspen, or international spots like Singapore, according to recent data.

Where do super rich people live?

The cities where the ultra-wealthy thrive

New York – 21,380 ultra-wealthy residents, up 23.4%. Los Angeles – 11,680 residents, up 24%. San Francisco – 8,270 residents, up 24.9%. Chicago – 7,530 residents, up 21.7%.

What do 90% of millionaires do?

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.

Where do American elites live?

Gilded Age tycoons built ornate mansions on New York's Fifth Avenue and in Newport, Rhode Island. Some of today's wealthiest people have opted for more discreet or modest homes. Today's billionaires live in diverse locations across the US, like the Bay Area, Miami, and Seattle.

Where do most US billionaires live?

Top States for Billionaire Concentration

Wyoming ranks first nationwide with an impressive 11.91 billionaires per million residents. Despite having only 7 billionaires in total, the state's small population of less than 600,000 people creates the highest concentration of ultra-wealthy individuals in America.

Where The Richest People In The World Live In 2025

What state has zero billionaires?

As of recent reports (2024-2025), the U.S. states with no billionaire residents are Alaska, Delaware, and West Virginia, though this list can fluctuate slightly, with New Hampshire, New Mexico, and North Dakota sometimes mentioned as having zero or very few, depending on the 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.

What city is full of billionaires?

Billionaire cities are major global urban centers where the wealthiest individuals reside, with New York City consistently leading as the top city with the most billionaires, followed by major financial hubs like London, Hong Kong, Beijing, and Mumbai, according to reports from Forbes and Hurun Research Institute in 2025. These cities attract the super-rich due to strong financial sectors, real estate, corporate presence, and significant wealth concentration, though some Chinese cities have seen recent declines due to economic shifts.
 

What is the richest family in the USA?

The Walton family, heirs to the Walmart fortune, are consistently ranked as the richest family in America, with their wealth primarily stemming from their significant ownership of the global retail giant. While exact figures vary by source and year, their fortune is estimated in the hundreds of billions, far exceeding other wealthy families like the Mars (candy, pet food) or Koch (energy, manufacturing) families, who also rank high on lists of America's wealthiest dynasties.
 

Who was the youngest self-made billionaire?

The youngest self-made billionaires are Brendan Foody, Adarsh Hiremath, and Surya Midha, co-founders of AI recruiting startup Mercor, who reached billionaire status at age 22 in late 2025, unseating previous title holders like Alexandr Wang (Scale AI) and highlighting the rapid wealth creation in AI.
 

How many Americans make $500,000 a year?

While exact, real-time numbers vary, recent data suggests over 1 million Americans earn $500,000 or more annually, representing a small fraction (less than 1%) of the workforce, though this group is concentrated in high-cost-of-living areas like the Bay Area, NYC, and Houston, often in tech, finance, or energy.
 

What do extremely rich people do for fun?

Six Ways How The Ultra Rich Have Fun

• Extreme Travel. ...
• High-Stakes Gambling at Top Luxury Casinos. ...
• Collecting Antiques and Rare Art. ...
• Exclusive Sports. ...
• Hosting Lavish Events. ...
• Investing In Hobbies and Passion Projects. ...
• Wrapping Up.

What job makes $1,000,000 a year?

Entrepreneurship, Healthcare and CEOs

About 1% of U.S. small business owners, roughly 300,000, achieve this annually, per IRS data. Healthcare, especially highly specialized medicine, enables seven-figure incomes, with top neurosurgeons and cardiac surgeons often exceeding $1 million in private practice.

What is considered ultra wealthy?

Being considered "ultra-wealthy," or an Ultra-High-Net-Worth Individual (UHNWI), generally means having a net worth of $30 million or more in investable assets, though some financial experts suggest $100 million is the new benchmark, with wealth managed across complex assets like real estate, private equity, and art, and focusing on legacy planning and philanthropy. 

Who is a trillionaire family?

While no single family (excluding royal dynasties) definitively hits the trillion-dollar mark yet, the Walton family (Walmart) leads the wealthiest dynasties, approaching half a trillion dollars, with the Al Saud family (Saudi Arabia) often cited as the world's only trillion-dollar family dynasty due to oil wealth, though these figures fluctuate. The term "trillion dollar family" often refers to these immense fortunes, with the Waltons, Kochs, Mars, and Ambani families being top contenders in the private wealth lists, while the Bettencourt Meyers (L'Oréal) are projected to potentially reach trillionaire status first among individuals. 

Who was richer, the Vanderbilts or the Rockefellers?

The core difference between the Vanderbilt and Rockefeller wealth stories is preservation vs. dissipation: Rockefellers built lasting, multi-generational wealth through shrewd trusts, family offices, and controlled distribution, while Vanderbilts, despite immense initial fortunes in railroads, squandered theirs rapidly due to extravagant spending, lack of a cohesive plan, and direct cash handouts, illustrating contrasting approaches to estate management. John D. Rockefeller's fortune grew into billions over generations, while the Vanderbilt fortune largely vanished within a century, with descendants becoming ordinary millionaires or less.
 

Who is the wealthiest person on Earth?

As of early January 2026, Elon Musk, CEO of Tesla and SpaceX, is the wealthiest person on Earth, with Forbes and Bloomberg reporting his net worth fluctuating around $600 billion to over $700 billion, largely from his stakes in Tesla, SpaceX, and other ventures like X (formerly Twitter) and xAI. He consistently leads real-time billionaire lists, followed by figures like Larry Page (Google) and Jeff Bezos (Amazon), with wealth varying daily due to stock market changes.
 

What state has no billionaires?

As of 2024, there are 756 billionaires living in 43 of the 50 US states or Washington, D.C. The only states with no billionaire residents are Alaska, Delaware, New Hampshire, New Mexico, North Dakota, and West Virginia.

What is the richest city on Earth?

The richest city on Earth depends on the metric, but New York City often ranks #1 for the most High-Net-Worth Individuals (HNWIs) and billionaires, while Tokyo leads in overall metropolitan GDP, with reports varying slightly on exact figures, but consistently placing NYC, Tokyo, and the Bay Area (SF/Silicon Valley) at the top. New York leads in sheer number of wealthy residents, while Tokyo boasts the largest economic output.
 

Where do rich Americans live?

New York City, New York. New York remains unmatched as the wealthiest city in America in 2025. As the country's financial capital, it houses more millionaires and billionaires than any other U.S. city. New York's mix of finance, culture, and global influence keeps it firmly at the top.

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.
 

Where does Trump rank in wealth?

(In 2018, this was 766th in the world, 248th in the U.S. In 2019, this was 715th in the world, 259th in the U.S.) Bloomberg Billionaires Index listed Trump's net worth as $2.48 billion on May 31, 2018, and Wealth-X listed it as at least $3.8 billion on July 16, 2018.

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.