The United States is home to many billionaires. The U.S has more billionaires than any other country in the world. Some of the richest people in the world like Elon Musk, Jeff Bezos, Bill Gates Mark Zuckerberg, Larry Page, and Sergey Brin are from the U.S.
The net worth of billionaires and millionaires keeps on changing from time to time depending on the value of the companies they have invested in. If the stock prices of the companies they have invested in increase, then their net worth also increases.
In this article, we are going to focus on how many billionaires are there in the united states.
How Many Billionaires are in the United States?
There are 724 billionaires in the United States. The number of billionaires in the U.S represents 26% of the world’s billionaires. According to Forbes' annual world billionaires, there are 2,668 billionaires in the world. Their total net worth stands at $12.7 trillion.
The U.S leads in the list of the world’s billionaires like Elon Musk, the world’s richest person with a net worth of $254.6 billion, followed by Jeff Bezos with a net worth of $137.2 billion.
California has the highest number of billionaires in the U.S. It is home to 186 billionaires. Some of the billionaires living in California include Mark Zuckerberg, Larry Page, and Sergey Brin.
Also read: Where do billionaires live in U.S?
How Many Millionaires are there in the United States?
Global Wealth report showed that there were 21,951,000 millionaires in the U.S by the end of 2021. The number of millionaires in the U.S represents 1% of the U.S population. The average net worth of an adult American is $79,952, an increase of 6% from the previous year. There are 56.1 millionaires in the world. As such, the number of millionaires in the U.S represents 39% of millionaires globally.
There was a tremendous increase in the number of millionaires in the U.S between 2020 and 2021. The huge increase in the number of millionaires was attributed to an increase in stock prices and housing prices.
Some of the states with the highest number of millionaires in the U.S include California, Texas, New York, and Florida.
Also read: Where do rich people live in London?
Countries with the Highest Number of Billionaires
The following are the top 10 countries with the highest number of billionaires:
- United States – 724
- China – 698
- India – 140
- Germany – 136
- Russia – 117
- Hong Kong – 71
- Brazil – 65
- Canada – 64
- United Kingdom – 56
- Italy – 51
Summary of How Many Billionaires are there in the United States
The U.S has 724 billionaires and 21.9 millionaires representing 26% and 39% of global billionaires and millionaires respectively. The has been a tremendous increase in the number of billionaires and millionaires in the U.S between 2020 and 2021. The increase is attributed to an increase in stock market prices and housing prices.