The Cities America’s Top Billionaires Call Home
It’s about more than just the nation’s coastal cities.
What Does All This Mean?
Which cities America’s billionaires call home helps bring clarity to what one might have guessed. That is the fact that many of the nation’s richest gravitate toward the cities that are the center of their industries. For example, New York is the nation’s financial capital; both Michael Bloomberg and Stephen Schwarzman, who made their money in the finance industry, call The Big Apple home. The same is true for Leonard Lauder, as New York is also a big city for the fashion industry. We also see this for billionaires in the tech industry, as with Larry Page, Mark Zuckerberg, and Bill Gates.
In other cases, some billionaires still live where their families settled. Such is the case for billionaires such as Warren Buffet and the Walton family. Thus, where billionaires choose to live is oftentimes either a business decision or a family decision. Perhaps money makes the world go round, but we cannot forget the importance of family.
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Methodology: For this piece, GOBankingRates looked at Forbes’ “The World’s Real Time Billionaires” dataset with data updated as close of markets on June 28, 2021. GOBankingRates selected the 25 richest billionaires from the United States and found the following information for each: (1) residence city; (2) residence state; (3) net worth as of close of markets on June 28, 2021; (4) age; (5) source of wealth; and (6) Forbes overall wealth rank. All data was collected and is up to date as of June 28, 2021.
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