Despite the challenging times faced by the U.S, it remains the country with the largest number of billionaires in the World. According to Forbes, there are already more than 60 new additions to their 2023 Billionaires List, two of which are LeBron James and Tiger Woods.
The continued superiority of the United States prompted the team at SuperCasinoSites to look at the matter from an intriguing angle – the birthplaces of the richest people. It turns out that your chances of becoming a billionaire are the greatest if you were born in New York, as according to our study, it is the state with the highest billionaires per capita ratio.
Cities Where the Most Billionaires are Born
| City | Number of Billionaires | Population, July 2022 | Billionaires per Capita (100K Residents) |
|---|---|---|---|
| New York, NY | 54 | 8,335,897.00 | 0.65 |
| Chicago, IL | 14 | 2,665,039.00 | 0.53 |
| Los Angeles, CA | 14 | 3,822,238.00 | 0.37 |
| Philadelphia, PA | 10 | 1,567,258.00 | 0.64 |
| St. Louis, MO | 7 | 286,578.00 | 2.44 |
| Detroit, MI | 7 | 620,376.00 | 1.13 |
| San Francisco, CA | 7 | 808,437.00 | 0.87 |
| Boston, MA | 6 | 650,706.00 | 0.92 |
| Baltimore, MD | 5 | 569,931.00 | 0.88 |
| Cincinnati, OH | 4 | 309,513.00 | 1.29 |
| Washington DC | 4 | 671,803.00 | 0.6 |
| Austin, TX | 4 | 974,447.00 | 0.41 |
| Pittsburgh, PA | 3 | 302,898.00 | 0.99 |
| Tulsa, OK | 3 | 411,867.00 | 0.73 |
| Portland, OR | 3 | 635,067.00 | 0.47 |
| Houston, TX | 3 | 2,302,878.00 | 0.13 |
| Cisco, TX | 2 | 3,883.00 | 51.51 |
| Brookline, MA | 2 | 62,535.00 | 3.2 |
| Bethesda, MD | 2 | 68,056.00 | 2.94 |
| Southampton, NY | 2 | 69,490.00 | 2.88 |
| Arlington Heights, IL | 2 | 75,195.00 | 2.66 |
| Lansing, MI | 2 | 112,537.00 | 1.78 |
| Clearwater, FL | 2 | 117,027.00 | 1.71 |
| Berkeley, CA | 2 | 118,950.00 | 1.68 |
| New Haven, CT | 2 | 138,915.00 | 1.44 |
| Springfield, MO | 2 | 170,067.00 | 1.18 |
| Providence, RI | 2 | 189,563.00 | 1.06 |
| Worcester, MA | 2 | 205,319.00 | 0.97 |
| Rochester, NY | 2 | 209,352.00 | 0.96 |
| Buffalo, NY | 2 | 276,486.00 | 0.72 |
| Saint Paul, MN | 2 | 303,176.00 | 0.66 |
| Cleveland, OH | 2 | 361,607.00 | 0.55 |
| Miami, FL | 2 | 449,514.00 | 0.44 |
| Omaha, NE | 2 | 485,153.00 | 0.41 |
| Kansas City, MO | 2 | 509,297.00 | 0.39 |
| Albuquerque, NM | 2 | 561,008.00 | 0.36 |
| Milwaukee, WI | 2 | 563,305.00 | 0.36 |
Methodology
Forbes (life story and current net worth) and US Census Bureau (population figures) are the primary data sources used in this study. We calculated the quoted billionaire rates based on 100,000 residents, with the population figures current as of the last official census (July, 2022).
Since only self-made billionaires are the focus of our study, rich persons who owe their fortune to an inheritance, court decision, or any other circumstance beyond their control, have not been considered. Thus, after a careful sifting, out of the 724 U.S billionaires in Forbes real-time ranking, 422 remained for our analysis.
Top 10 States with the Highest Billionaire per Capita Ratio
While absolute numbers are easier to grasp, it is the ratio between billionaires and local citizens that more accurately represents the merit of a particular location. However, this has nothing to do with New York as it is the leader in terms of both the number of billionaires born there (76) and their per capita ratio (0.39 per 100,000 individuals). Just a few of the wealthy people that originate from New York state are Mark Zuckerberg, Larry Ellison, Ralph Lauren, and Jay-Z.
