Which state do rich people stay in USA?

Rich people in the U.S. primarily live in California, New York, Florida, and Texas, which consistently have the most millionaires and billionaires, though recent trends show significant migration of high-income earners to Sun Belt states like Florida and Texas. While California leads in total numbers, states like New York, Connecticut, and Wyoming have higher concentrations (ratios) of extreme wealth relative to their population.


What state do most rich people live in?

California has the most billionaires and the largest share of millionaire households, but when looking at wealth per capita or concentration, states like Wyoming, Nevada, New York, and Connecticut often rank higher for having more wealthy individuals relative to their population. The wealthiest states, in terms of total numbers, are consistently California, New York, Florida, and Texas, which together house a significant majority of the nation's super-rich.
 

Where do rich people stay in the USA?

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.


Where do most rich people stay?

Here's where the world's wealthiest choose to live.

New York City has ranked as the top city for billionaires for all but one of the past 12 years. (Beijing was No. 1 in 2021.) Of the billionaire New Yorkers, 68 are finance and investment magnates, 13 are real estate moguls and 12 are in fashion and retail.

Which state has more millionaires in the USA?

California has the most millionaires by absolute number, with over a million millionaire households, followed by Texas, New York, and Florida, but states like Connecticut and New Hampshire have higher concentrations (per capita) of wealthy households. The distinction matters: California leads in sheer volume due to its large population and tech/Hollywood wealth, while smaller states like Connecticut boast more millionaires relative to their population size. 


Where America’s Richest People Live 2024



What are the top 3 richest states in the US?

The top 3 richest states in the U.S. depend on the metric, but by overall economic output (GDP), it's California, Texas, and New York; however, when looking at wealth per person (GDP per capita or income), Massachusetts, New Jersey, and Maryland often lead, with New York, Washington, and Connecticut also consistently ranking high, according to data from 2024-2025. 

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. 

Where do billionaires usually live?

The report allows us to see which states are the most appealing to billionaires. The majority of the 400 wealthiest people in the U.S. live in the states of California, Texas, Florida, and New York. States including Alabama, Alaska, Delaware, Minnesota, and Mississippi had no billionaires who made the Forbes 400 List.


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 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 are rich Americans moving?

U.S. states gaining the most young and rich households in 2022
  • Florida. 1,786.
  • Texas. 1,660.
  • Colorado. 720.
  • North Carolina. 521.
  • Washington. 383.
  • South Carolina. 372.
  • Tennessee. 347.
  • New Jersey. 300.


What is America's richest city?

New York City is the wealthiest city in America and among the richest in the world. It is a global center for finance, commerce, media, fashion, art, and culture.

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.
 

What is the poorest US 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. 


Who is the US No. 1 billionaire?

U.S. the richest people in America 2025

As of April 2025, Elon Musk was estimated as the wealthiest person in the United States with a net worth of around 342 billion dollars.

What is the easiest state to become a millionaire in?

Key findings included that of all 50 states, Texas was the easiest state to build wealth in, with 0% personal income tax and an overall score of 8.23 out of 10. Alternatively, Montana, West Virginia and Idaho were among the hardest states to accumulate wealth.

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. 

Which state has no billionaire?

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. 

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 best place to live if you are rich?

Where should rich, young Americans live? The best cities aren't the traditional ones we associate with prosperity, like New York City or Los Angeles. This demographic is prioritizing residing in safe metros such as Austin and Seattle, where they can earn upwards of $150,000 a year and continue growing their wealth.

How do US billionaires avoid paying taxes?

Billionaires often employ the “buy, borrow, die” strategy to avoid income and capital gains taxes. First, they acquire appreciating assets like stocks or real estate. Instead of selling these assets when they need cash (which would trigger capital gains tax), they borrow against them at favorable interest rates.

What is the top 5 richest state?

The top 5 richest states often depends on the metric (total economy vs. individual wealth), but by total economic output (GDP), it's consistently California, Texas, New York, Florida, and Illinois, while by wealth per person (GDP per capita or median income), states like Massachusetts, New Jersey, Maryland, Washington, and Connecticut rank highest, alongside DC, highlighting strong tech, finance, and high-income sectors.