These States Are Home To The Most Forbes 400 Billionaires In 2025

Core Insights - The Forbes 400 ranking for 2025 highlights that extreme wealth in the U.S. is concentrated in a few populous states, with California, New York, Florida, and Texas accounting for nearly two-thirds of the total wealth of $6.6 trillion [1][2][3] State Summaries - California: Home to 85 billionaires, an increase from 83 last year, with a combined worth of $1.7 trillion. Larry Ellison leads with a fortune of $276 billion, regaining the top spot from Mark Zuckerberg [2][19] - New York: Hosts 57 billionaires, up by 3 from last year, with a total worth of $690.9 billion. Michael Bloomberg is the richest resident at $109 billion [3][18] - Florida: Now has 49 billionaires, down from 54 last year, with a total worth of $716.3 billion. Jeff Bezos is the richest Floridian at $241 billion [3][17] - Texas: Maintains 43 billionaires, with a combined worth of $1 trillion for the first time. Elon Musk is the richest Texan at $428 billion, having moved from California [4][16] - District of Columbia: Now includes Michael Sabel as a new member of the Forbes 400, while the total number of states represented has decreased to 38 from 40 [5] - Michigan: Returns to the top 10 with 8 billionaires worth $80.1 billion, led by Daniel Gilbert at $26.7 billion [8] - Massachusetts: Tied for 8th place with 9 billionaires worth $98.8 billion, with Abigail Johnson as the richest at $35 billion [10] - Nevada: Also tied for 8th with 9 billionaires, now worth $111.7 billion, led by Miriam Adelson at $37.9 billion [11] - Georgia: Holds 10 billionaires worth $93.2 billion, with the wealthiest being the Cathy siblings at $13.7 billion each [12] - Pennsylvania: Has 11 billionaires worth $141.8 billion, with Jeff Yass leading at $65.7 billion [13] - Illinois: Features 16 billionaires worth $132.8 billion, with Lukas Walton as the richest at $39.8 billion [15]