Who Are The Richest People In The United States

Who Are The Richest People In The United States – For example, a powerful millionaire may have the most impressive wealth in their home state – but venture a few miles across the state line and suddenly they are a small fish in a very large pond.

Today’s map comes to us from HowMuch.net, and it shows the incredible variation in wealth by state.

Who Are The Richest People In The United States

Who Are The Richest People In The United States

Below is the complete list containing the richest person in each US, based on Forbes calculations as of March 2020.

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The founder of Amazon, Jeff Bezos, is at the top of the list in the state of Washington with a net worth of $117.1 billion – while the smallest wealth in the list is in Alaska, at only $0.3 billion.

Although all the above names are considered exceptionally rich in their respective states, there is still a big difference. Those at the bottom of the list ($0.3 billion) would need to increase their wealth 390 times to reach Bezos’ level of $117.1 billion.

To put it another way, there is the same difference between the median household wealth in the United States (~$100,000) and a multimillionaire with $39 million to his name.

The figures above were obtained before the market crash of COVID-19, which will certainly affect the size of some of the fortunes listed here.

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Although most of Jeff Bezos’ fortune is tied to Amazon stock, it has been relatively unaffected by volatility so far. As more people stay at home due to social distancing, orders on online platforms like Amazon have exploded.

Similar to Amazon, the Walton family heirs to the Walmart fortune – including Jim Walton, Alice Walton and Rob Walton – have seen Walmart’s stock price remain relatively stable in the face of volatility. In fact, some analysts consider Walmart the ultimate “recession-proof” stock, as consumers tend to discount well during bad economic times.

Warren Buffett is also an interesting case. While the stock market has certainly hindered the real-time value of his wealth, it is not the game that Warren Buffett plays. In fact, he is known to wait for crisis situations to implement his money and has a substantial stash of money ready for such a scenario.

Who Are The Richest People In The United States

Billionaires like Nevada’s Sheldon Adelson or Colorado’s Philip Anschutz may sing a different tune than the other tycoons mentioned above. For example, Adelson owns a good portion of the Las Vegas Strip, as well as casinos and hotels in Singapore and Macau. Unfortunately, tourism businesses have been most affected by the fallout from Covid-19.

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Meanwhile, Anschutz, the owner of the Coachella music festival, participates in several professional sports teams (LA Lakers, LA Kings and several MLS teams), which have all been affected by the cancellation of major events and meetings throughout the country Like many others, Anschutz is itching to get things back to normal.

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Animated war: Change in the wealth of Russian billionaires by 2022 How Russian billionaires fared after Russia’s invasion of Ukraine? This anime traces the fortunes of 22 Russian billionaires.

When Russia invaded Ukraine in February 2022, many countries imposed sanctions directly aimed at Russian billionaires – oligarchs – and politicians.

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As the war progressed, these sanctions intensified, eventually targeting relatives and even shell companies of these billionaires. The reason? These oligarchs are linked to the government of Russia, offering vocal and financial support in exchange for warm deals or favorable government oversight.

This animation by James Eagle shows how the estimated net worth of the 22 richest Russian billionaires in the April 2023 Bloomberg Billionaires Index has changed since January 2022, before the start of the conflict.

As of April 20, 2023, the 22 richest Russian billionaires have lost a total of $90.4 billion in assets since January 5, 2022.

Who Are The Richest People In The United States

The biggest success involves Viktor Vekselberg, who owns a stake in UC Rusal, the third largest aluminum producer in the world. Since the start of the war, he has lost about $11.3 billion, or 61% of his net worth as of January 2022.

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Roman Abramovich, one of the first oligarchs to start with oil companies, has also been hit hard by the sanctions. In January 2022, he had lost $10.5 billion, or 58% of his assets, and was forced to sell Chelsea Football Club in one of the largest sales of sports teams in history.

In particular, the wealthiest aristocrats did not lose as much. The assets of Vladimir Potan, the largest shareholder of the mining giant Norilsk Nickel, fell by 4.8%. After taking a hard blow at the beginning of the war in Ukraine, he quickly recovered and his net worth increased several times, reaching $35.6 billion in June 2022.

Some oligarchs, such as former Norilsk Nickel CEO Mikhail Prokhorov and phosphate fertilizer baron Andrey Guryev, have seen their wealth increase by January 2022. ). nets) saw its assets gain $0.3 billion, or even 2%.

As Russia’s war with Ukraine continues and sanctions hit Russian billionaires, politicians and businesses, its results are uncertain.

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Aristocrats lost their fortunes, abandoned foreign businesses, and even confiscated valuable assets such as palaces and yachts. Meanwhile, Russia’s economy has been weakened by sanctions, but improved trade with countries such as China, India and Saudi Arabia has kept it stronger than expected.

Although some nobles have expressed various concerns about the ongoing war, the wealthiest are careful not to go out. Russian billionaires and politicians

In Lukoil, the president Ravil Maganov, among others, was found dead by suicide, heart attacks and accidents.

Who Are The Richest People In The United States

The most important aristocratic revolts were not caused by economic difficulties, but by military actions. Oligarch and mercenary leader Yevgeny Prigozhin launched a coup in June 2023, only to withdraw after suddenly losing the support of the Russian military.

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The combined wealth of the 5 richest people in the United States is $435.4 billion. That’s more than 2 percent of US GDP.

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Jeff Bezos, Bill Gates and Warren Buffett are the three richest people in America. AP Images, AP Images, Reuters

According to the Forbes 400 ranking of the richest Americans in 2019, the five richest people in the United States are worth $435.4 billion. All but one of them made their fortune in the tech industry.

Amazon CEO Jeff Bezos tops the list with a net worth of $114 billion, followed by Microsoft co-founder Bill Gates ($106 billion), investor and Berkshire Hathaway chairman Warren Buffett ($80.8 billion), and Facebook CEO Mark Zuckerberg ($69.6 billion). Oracle co-founder Larry Ellison ($65 billion), according to Forbes ranking.

Who Are The Richest People In The United States

Their combined wealth is more than 2% of US GDP, at $21.34 trillion in the second quarter of 2019. (Exactly 2% of $21.34 trillion would be $426.8 billion.)

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A Business Insider analysis found that for a billionaire, buying a vacation to Bali is like buying a candy bar for the average American. It’s based on a net worth of just $2 billion, the median wealth of a billionaire listed by Forbes.

While these five men became the richest men in America, a European billionaire removed Ellison from the list of the five richest men in the world. According to the Bloomberg Billionaires Index, French businessman Bernard Arnault, who controls LVMH, is worth $91.9 billion. Forbes estimates his net worth at $91.4 billion, still well above Zuckerberg and Ellison.

Read more: Bernard Arnault completes $219 million pledge to help rebuild Notre-Dame de Paris Here’s how the French billionaire makes and spends his $93 billion fortune.

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