Where America’s Richest People Live 2024

Forbes

Almost a quarter of all the wealth on The Forbes 400 is held by residents of one state. Two others tie for second for the first time ever.  The Forbes 400 is our annual ranking of the richest Americans. Our estimates are a snapshot of each members wealth as of September 1, 2024.   Read the full story on Forbes: https://www.forbes.com/sites/monicahunter-hart/2024/10/02/where-americas-richest-people-live-forbes-400-2024/#:~:text=As%20a%20group%2C%20these%20Californians,followed%20by%20Texas%2C%20with%2043.  Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1  Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:  https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript  Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes:  http://forbes.com  Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Transcript

00:00California is home to 83 members of this year's Forbes 400 list, worth a combined $1.3 trillion.

00:08That's four members less than last year, but still the top spot for more than one out of

00:12five Forbes 400 members.

00:15As a group, they're worth around triple the $489 billion the state's 92 members were worth

00:22a decade ago.

00:24But it's not the only hub for the three-comma club.

00:27Ranking behind California are New York and Florida, followed by Texas.

00:31Those four states are the most populous in the country, holding a third of all Americans

00:36but nearly 60% of the wealthiest ones.

00:40Over the past decade, New York has lost 11 net members, five of whom moved to Florida.

00:46Those transplants include the state's most famous resident, Donald Trump, who returns

00:51to the 400 list this year thanks to Trump Media and Technology Group, the social media

00:55company he took public in March.

00:58Here are the five states with the most billionaires from the 2024 Forbes 400 list.

01:05At number five, Illinois.

01:08Chicago is home to the youngest member of the Forbes 400, Lucas Walton, who is one of

01:13the eight grandchildren of Walmart co-founder Sam Walton.

01:17Aged 38, he's one of two listies under 40.

01:21Several list members from the Hyatt Hotel brand's Pritzker family are also breezing

01:26around the Windy City, including J.D. Pritzker, the state's billionaire governor.

01:32At number four, Texas.

01:35Elon Musk, the richest person in the U.S. for the third year in a row, is all in on

01:40the Lone Star State, even announcing this year that he's moving his companies SpaceX

01:45and Xthair from California.

01:48Texas produces more oil and natural gas than any other state, so perhaps unsurprisingly,

01:53nearly a third of its listies made their fortune in energy, including Randa Duncan Williams

01:58and Kelsey Warren.

02:01At number two, Florida.

02:05The Sunshine State keeps attracting big wealth.

02:08When Jeff Bezos relocated from Washington state, he spent $234 million on three homes

02:14on Indian Creek, the gated man-made island in Miami Beach dubbed the billionaire bunker.

02:21Nearly 30% of Florida's listies made their fortunes in finance and investments, including

02:26the second richest Floridian, Ken Griffin, who made headlines in 2022 for moving his

02:31family and the headquarters of his hedge fund Citadel there from Chicago.

02:36The second most common industry that enriched the wealthiest Floridians is food and beverage,

02:41from which hails Subway's Elizabeth DeLuca and LaCroix Sparkling Water's Nick Caporella.

02:49At number two, New York.

02:51The world's financial capital is still a finance billionaire hub.

02:56Nearly two-thirds of the Empire State's listies made their fortunes in the sector, including

03:00Michael Bloomberg, the former New York City mayor who started his career on Wall Street.

03:06Other notable New Yorkers on the Forbes 400 include George Soros, Ralph Lauren, and Bill Ackman.

03:15And at number one, California.

03:18Hollywood and Silicon Valley have made Californians rich, but none more than Mark Zuckerberg,

03:23who officially resides in Palo Alto, though these days he spends plenty of time at his

03:281,450-acre compound in Kauai, Hawaii.

03:33Nearly half of California's Forbes 400 wealth stems from tech moguls like Zuckerberg, including

03:38Oracle's Larry Ellison, Google's Larry Page, and Sergey Brin.

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