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Who Is The Richest People In America – For example, a successful millionaire may have the most impressive fortune in his home state, but venture a few miles out of state and suddenly become a small fish in a much larger pond.
Today’s map comes from HowMuch.net and shows the surprising variation in wealth by state.
Who Is The Richest People In America
Below is a complete list of the richest people in each state in the United States, as calculated by Forbes as of early March 2020.
Countries Around The World Ranked By The Net Worth Of Their Richest Person
Amazon founder Jeff Bezos tops the list with a net worth of $117.1 billion in Washington state, while the lowest fortune on the list is in Alaska with just $0.3 billion.
While all of the above names are considered very wealthy in their home states, there are still big differences. The lowest group ($0.3 billion) would have to multiply their fortune 390 times to reach Bezos’ level of $117.1 billion.
In other words, there is a similar degree of difference between the median US household wealth (~$100,000) and the $39 million billionaires.
The data above was obtained before the COVID-19 market crash, which of course will have an impact on the size of some of the riches listed here.
Of Country’s Richest People Live Nearby
While most of Jeff Bezos’ fortune is tied up in Amazon stock, it has so far been unaffected by volatility. As more people stay home due to social distancing, orders on online platforms like Amazon are exploding.
Like Amazon, the heirs to the Walmart fortune in the Walton family — including Jim Walton, Alice Walton and Rob Walton — also see Walmart’s stock price as relatively stable in the face of volatility. In fact, some analysts consider Walmart the most “recession-proof” stock, as consumers flock to discount products during tough economic times.
Warren Buffett is also an interesting case. While the stock market must have shaken the value of his fortune in real time, that’s not the game Warren Buffett plays. In fact, he is known to wait for a critical moment to withdraw his money and has a good cash reserve for such situations.
Billionaires like Nevada’s Sheldon Adelson or Colorado’s Philip Anschutz can sing a different song than other tycoons. For example, Adelson owns most of the Las Vegas Strip, as well as casinos and hotels in Singapore and Macau. Unfortunately, tourism-related businesses are among the most affected by COVID-19.
The Wealthiest Billionaire In Each U.s. State In 2021
Meanwhile, Anschutz owns the Coachella Music Festival and bets on several professional sports teams (LA Lakers, LA Kings and several MLS teams), all of which have been affected by the cancellation of events and large gatherings across the country. Like many others, Anschutz probably wants things to go back to normal.
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Cheer money: changes in the wealth of Russian billionaires from 2022 How have the fortunes of Russian billionaires been since Russia invaded Ukraine? This animation tracks the wealth of 22 Russian billionaires.
When Russia attacked Ukraine in February 2022, many countries retaliated with sanctions aimed directly at billionaire Russian oligarchs and politicians.
Top 20 Most Richest People In The World (2023)
And as the war progressed, sanctions intensified, and even the family members and fictitious businesses of these billionaires were targeted from time to time. Reason? This oligarchy is tied to the Russian government, providing voice and fiscal support in exchange for good deals or lucrative government oversight.
This animation by James Eagle shows how the estimated net worth of the 22 richest Russian billionaires in the Bloomberg Billionaires Index as of April 2023 has changed since January 2022, before the start of the conflict.
The 22 richest Russian billionaires (as of April 20, 2023) have lost a total net worth of $90.4 billion since January 5, 2022.
The hardest hit was Viktor Vekselberg, who owns shares in UC Rusal, the world’s third-largest aluminum producer. He has lost about $11.3 billion since the start of the war, or 61% of his net worth as of January 2022.
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Roman Abramovich, who started his career at the beginning of the oligarchy through an oil conglomerate, was also hit hard. It lost $10.5 billion, or 58% of its net worth since January 2022, and was forced to sell Chelsea Football Club in one of the largest sales of sports teams in history.
In particular, the richest oligarchs are not outnumbered. Mining giant Norilsk Nickel’s largest shareholder, Vladimir Potanin, saw his net worth decline by just 4.8%. After being hit hard at the beginning of the war in Ukraine, he quickly recovered and has a much larger net worth, which in June 2022 reached $35.6 billion.
And some oligarchs, such as former Norilsk Nickel CEO Mikhail Prokhorov and phosphate fertilizer baron Andrei Guriev, have seen their wealth increase since January 2022. Guriev increased his net worth by $2 billion, or 26 percent . Brooklyn Nets) saw its net worth increase by $0.3 billion, or 2%.
As Russia’s war with Ukraine drags on and sanctions continue to weigh on Russian billionaires, politicians and corporations, the outcome is uncertain.
Mapping The Richest Men Around The World
The oligarchs lost their fortunes, renounced their foreign interests and even confiscated valuable assets such as mansions and yachts. At the same time, while Russia’s economy has weakened as a result of the sanctions, its supported trade with countries such as China, India and Saudi Arabia has made it stronger than expected.
And although some oligarchs expressed various concerns about the ongoing war, the wealthiest tried to abide by it. Russian billionaire and politician
Expressed criticism, including the head of Lukoil Ravil Maganov, found dead by suicide, heart attack and accident.
The most serious oligarchic revolts were not caused by economic difficulties, but by military operations. Oligarch and mercenary leader Yevgeny Prigozhin attempted a coup in June 2023 and reportedly resigned after support from the Russian military rapidly declined.
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The 5 richest people in the United States have a staggering combined net worth of $435.4 billion. This is more than 2% of US GDP.
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The Richest People In America Live In These Cities
Jeff Bezos, Bill Gates and Warren Buffett are the three richest people in the United States. AP Image, AP Image, Reuters
According to the Forbes 400 Richest Americans 2019 ranking, the assets of the five richest people in the United States amount to $435.4 billion. And all but one made their fortunes 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), Berkshire Hathaway investor and CEO Warren Buffett ($80.8 billion ), Facebook CEO Mark Zuckerberg ($69 billion). and According to the Forbes ranking, Oracle co-founder Larry Ellison ($65 billion).
Their combined wealth is over 2% of US GDP, or $21.34 trillion in the second quarter of 2019 (2% of $21.34 trillion is exactly $426.8 billion).
Us States With The Wealthiest Residents
Business Insider’s analysis showed that for a billionaire, buying a vacation to Bali is like buying candy for the average American. And that’s based on a net worth of just $2 billion, the average wealth on the Forbes billionaires list.
Although these five people are the richest people in the United States, the European billionaire removed Ellison from the list of the five richest people in the world. Bernard Arnault, the French businessman who controls LVMH, has a net worth of $91.9 billion, making him the third richest man in the world after Bezos and Gates, according to the Bloomberg Billionaire Index. Forbes estimates his net worth to be slightly lower at $91.4 billion, still well ahead of Zuckerberg and Ellison.
Read more: Bernard Arnault just fulfilled his $219 million pledge to help rebuild Notre-Dame in Paris. This is how a French billionaire makes and spends his $93 billion fortune.
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