How many billionaires are there in the US?
This is a list of U.S. states and federal district by the number of billionaires as of 2023; there are 756 billionaires living in the United States. They live in 43 of the 50 states. The only states with no billionaire residents are Alaska, Delaware, New Hampshire, New Mexico, North Dakota, Vermont, and West Virginia.
Bernard Arnault & Family
Bernard Arnault, the richest person in the world, is the CEO and chairman at Moët Hennessy Louis Vuitton (LVMH), the world's largest luxury goods company encompassing approximately 70 renowned fashion and cosmetics brands.
🇺🇸 U.S. Together, the U.S. and China account for nearly half of the 3,279 billionaires globally, leagues ahead of closest peers, #3 India (271) and #4 UK (146). Collectively however, European countries account for six of the top 10 and eight of the top 20 countries with the most billionaires.
With 110 billionaires—9 more than last year—New York City retains its status as the billionaire capital.
Credit Suisse's latest annual wealth report found that “this is the largest increase in millionaire numbers recorded for any country in any year this century.” There are about 1.79 million African American millionaires in the country, according to Statista.
Meet World's Youngest Billionaire: Livia Voigt
With a net worth of $1.1 billion, Livia's trajectory into the world of business is undoubtedly noteworthy.
Francoise Bettencourt Meyers, the heiress to the L'Oréal cosmetics empire, holds the title of the richest woman in the world. Born in 1948, she is the granddaughter of Eugène Schueller, the founder of L'Oréal.
There are currently 3,279 billionaires globally, a 5% increase from 2023, the report showed. According to the country ranking, China still tops the list with 814 billionaires even though the country lost 155 billionaires from a year ago.
But the United States has the most billionaires overall, with a record 813, the richest being Elon Musk (worth an estimated $195 billion). China, with 473 billionaires (including Hong Kong), has the second-most billionaires, followed by India, with a record 200.
Which state has no billionaires?
This is a list of U.S. states and federal district by the number of billionaires as of 2023; there are 756 billionaires living in the United States. They live in 43 of the 50 states. The only states with no billionaire residents are Alaska, Delaware, New Hampshire, New Mexico, North Dakota, Vermont, and West Virginia.
The top three seasonal vacation hotspots of the ultra-rich are found in the United States: Miami, the Hamptons, and Florida's West Palm Beach.
Where do billionaires go on vacation? Some top vacation spots of the elite include St. Moritz in Switzerland, Copacabana in Brazil, Necker Island in the British Virgin Islands. What are some upper class/ elite holiday destinations?
Share of U.S. families who are millionaires 2016, by ethnicity. In 2016, around 15.2 percent of all White families in the United States had a net worth of one million U.S. dollars or more. This compares to only 1.9 percent of Black families.
TOKYO -- In September, Indian businessman Gautam Adani became the first Asian to rank second in the global list of billionaires -- people whose net worth exceeds $1 billion -- as the proportion of the world's richest people who are Asian steadily increases.
The average age of a billionaire may be 66 but a lucky few reach the milestone before they even hit 30. However, these individuals won't be able to claim any credit for their fortunes—every billionaire on earth under the age of 30 inherited their wealth.
The youngest billionaire in the world is Brazil's Livia Voigt. Just 19 years old and still in college, she's worth an estimated $1.1 billion thanks to her minority stake in the electrical equipment producer WEG, which her late grandfather cofounded.
According to Forbes Billionaires List 2024, a 19-year-old Brazilian student Livia Voigt was named the youngest billionaire. She took this title from an Italian teen, Clemente Del Vecchio, who is just two months older than her.
The World's 10 Youngest Billionaires
Makeup mogul Kylie Jenner is No. 1: With $1 billion at 22 years old, she remains the world's youngest self-made billionaire. At No. 2 is 23-year-old Alexandra Andresen, worth $1.1 billion.
Accumulating wealth requires that you start saving early so you can take full advantage of the power of compounding interest. Smart savers limit their spending so that they can put more money to work for them. They also maximize their retirement fund contributions every year.
Who is the richest man in the world in 2024?
Bernard Arnault maintains his position as the world's richest person in 2024, with a fortune of $233 billion, driven by LVMH's exceptional performance. His strategic acquisitions and focus on succession planning highlight his visionary leadership.
New York City
The Big Apple is home to 340,000 millionaires, 724 centi-millionaires, and 58 billionaires. It is the financial center of the USA and the wealthiest city in the world by several measures.
Billionaires live a lifestyle that most of us can only dream of. They own multiple homes, private jets, yachts, and expensive cars. They travel to exotic locations and dine at the world's finest restaurants. However, their lives are not all sunshine and rainbows.
In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.
Rounding out the top five is Russia, a country that continues to enjoy a wealth rebound despite its war with Ukraine. The total number of Russian billionaires climbed to 120 this year, 15 more than last year and 37 more than in 2022.
