This is the state with the most billionaires in the US
New York and Texas are considered the “billionaire centers” of the United States, but California is home to the most people with billions of dollars in assets.
According to the list of world billionaires 2022 of Forbes, there are 186 billionaires living in California – down 3 billionaires from a year ago but still more than all the rest of the states. New York has 135 billionaires, while Texas contributes 67.
California’s number of billionaires is down slightly because some famous billionaires have moved out of the state, including Austin Russell – founder of Luminar; Orlando Bravo – co-founder of private equity firm Thoma Bravo and Stewart Butterfield – CEO of Slack. Russell and Bravo moved to Florida, while Butterfield chose Colorado.
So what makes California “dominate” the list of US billionaires?
The answer is the explosion of the technology industry. Nearly half of California’s billionaires come from this field. In which, 116 billionaires are concentrated in the San Francisco Bay area, including Google co-founders Larry Page and Sergey Brin – who are also the wealthiest residents of the state. 67 billionaires live in Southern California, including 45 billionaires in Los Angeles.
After technology, 22% of California’s billionaires come from the financial and investment industries, including billionaire brokerages Charles Schwab and Peter Thiel. Seven percent come from fashion and retail, which includes Fashion Nova founder Richard Saghian and the Fisher family, which owns clothing retailer Gap.
New billionaire faces on the list of Forbes California residents include Brex founders Henrique Dubugras and Pedro Franceschi, who moved from San Francisco to Los Angeles last year, and Grammarly founder Max Lytvyn.
Billionaire residents of California. Image: Getty Images/Forbes |
Here are the 20 richest California billionaires:
1. Larry Page
Net worth: $111 billion
Source of wealth: Alphabet
Residence: Palo Alto
2. Sergey Brin
Net worth: 107 billion USD
Source of wealth: Alphabet
Residence: Los Altos
3. Mark Zuckerberg
Net worth: $67.3 billion
Source of wealth: Facebook
Residence: Palo Alto
4. Eric Schmidt
Net worth: $22.1 billion
Source of wealth: Alphabet
Residence: Atherton
5. Jensen Huang
Net worth: $20.6 billion
Source of wealth: semiconductors
Residence: Los Altos
6. Laurene Powell Jobs and family
Net worth: $16.4 billion
Source of wealth: Apple, Disney
Residence: Palo Alto
7. Donald Bren
Net worth: $16.2 billion
Source of wealth: Real estate
Residence: Newport Beach
8. Robert Pera
Net worth: $14.6 billion
Source of wealth: Ubiquiti Networks
Residence: San Jose
9. John Doerr
Net worth: $12.7 billion
Source of wealth: Venture capital
Residence: Woodside
10. Charles Schwab
Net worth: $12.2 billion
Source of wealth: Brokers
Residence: Woodside
11. Brian Chesky
Net worth: $11.5 billion
Source of wealth: Airbnb
Residence: San Francisco
12. Dustin Moskovitz
Net worth: $11.5 billion
Source of wealth: Facebook, Asana
Residence: San Francisco
13. David Cheriton
Net worth: $10.9 billion
Source of wealth: Alphabet
Location: Palo Alto
14. Joe Gebbia
Net worth: 10 billion USD
Source of wealth: Airbnb
Residence: San Francisco
15. David Geffen
Net worth: 10 billion USD
Source of wealth: Movies, record labels
Residence: Beverly Hills
16. Andreas von Bechtolsheim and family
Net worth: $9.9 billion
Source of wealth: Alphabet
Location: Palo Alto
17. Jan Koum
Net worth: $9.8 billion
Source of wealth: WhatsApp
Residence: Atherton
18. John Collison
Net worth: $9.5 billion
Source of wealth: Stripe
Residence: San Francisco
19. Patrick Collison
Net worth: $9.5 billion
Source of wealth: Stripe
Residence: San Francisco
20. Gordon Moore
Net worth: $9.5 billion
Source of wealth: Intel
Residence: Woodside
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
