How many billionaires would you guess live in America? Many might say 50 to 100, but in reality, America is home to 759 billionaires with a combined wealth of $4.48 trillion. Here is another shocking statistic – the net wealth of these billionaires grew around 50% from just before the pandemic. Where do all these billionaires live? This visualization created by Madison Trust Company explores which U.S. states have the most billionaires per capita. The state with the most billionaires per capita is Wyoming with 10.287 billionaires per million people. Why does Wyoming attract billionaires? Aside from the breathtaking scenery and abundance of open spaces, Wyoming is also considered a tax haven. Wyoming does not have individual income tax or corporate income tax. In addition, it has extremely low property tax and sales tax. This makes Wyoming appealing to the ultra rich who want to protect their wealth. All in all, the United States has the most billionaires in the world.
Infographic by: madisontrust