Philadelphia tops all other Pennsylvania cities in billionaire wealth, study finds
Philadelphia has three billionaires with a collective net worth of $10.6 billion, making it the top city in Pennsylvania in terms of billionaire wealth, according to a new analysis from the financial news website 24/7 Wall St.
The wealthiest person in the city is Victoria Mars, 24/7 Wall St. reported. The website used numbers from Forbes’ Real Time Billionaires ranking to identify the city in each state with the most billionaires.
The United States is home to about 600 billionaires, the analysis found, and more than 250 cities in the nation are home to at least one resident with a net wealth that contains at least nine zeroes.
The economies of the cities identified in the study are often closely aligned to the business interests of the billionaires living within their borders, 24/7 Wall St. reported. Seattle’s economy, for instance, benefits from being home to Amazon.com and CEO Jeff Bezos.
New York City, the nation’s most populous city, is home to more billionaires than any other municipality in the nation, the study found. And seven lower-population states – Alabama, Alaska, Delaware, New Hampshire, New Mexico, North Dakota and Vermont – have no cities with billionaires, according to the report.
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City in Each State With the Highest Billionaire Wealth
StateCityBillionaires Living in CityCombined Net Worth of Billionaires in CityWealthiest Billionaire in CityRunner-up CityArizonaPhoenix7$24.9 billionErnest Garcia IIITempeArkansasBentonville2$124.6 billionJim WaltonFayettevilleCaliforniaSan Francisco41$173.8 billionDustin MoskovitzLos AngelesColoradoDenver4$23.5 billionPhilip AnschutzElizabethConnecticutGreenwich11$47.2 billionRay DalioBranfordFloridaPalm Beach11$61.6 billionThomas PeterffyMiami BeachGeorgiaAtlanta12$55.1 billionJim KennedyNoneHawaiiHonolulu1$23.8 billionPierre OmidyarNoneIdahoIdaho Falls1$3.5 billionFrank VanderSlootNoneIllinoisChicago11$49.5 billionKen GriffinHighland ParkIndianaBloomington1$10.5 billionCarl CookIndianapolisIowaAbel1$5.4 billionHarry StineNoneKansasWichita1$44.9 billionCharles KochLeawoodKentuckyLexington2$8.5 billionTamara GustavsonLouisvilleLouisianaNew Orleans1$3.3 billionGayle BensonNoneMaineScarborough1$2 billionSusan AlfondNoneMarylandPotomac2$9 billionMitchell RalesChevy ChaseMassachusettsBoston10$33.9 billionEdward Johnson IIINewtonMichiganFranklin1$49.7 billionDaniel GilbertGrand RapidsMinnesotaMankato1$2.5 billionGlen TaylorSt. PaulMississippiHattiesburg2$2.8 billionJames and Thomas DuffNoneMissouriSt. Louis5$18.5 billionPauline MacMillan KeinathSpringfieldMontanaMissoula2$8.3 billionDennis WashingtonBozemanNebraskaOmaha3$101 billionWarren BuffettNoneNevadaLas Vegas 6$14.3 billionSteve WynnRenoNew JerseySaddle River1$7.2 billionRocco CommissoMillburnNew YorkNew York City86$446 billionMichael BloombergOyster BayNorth CarolinaCary3$15 billionJames GoodnightNoneOhioCleveland3$3.3 billionNorma LernerNew AlbanyOklahomaOklahoma City3$23.2 billionTom and Judy LoveTulsaOregonHillsboro1$51.6 billionPhil Knight and familyPortlandPennsylvaniaPhiladelphia3$10.6 billionVictoria MarsBryn MawrRhode IslandProvidence1$2 billionJonathan NelsonNoneSouth CarolinaCharleston1$1.9 billionAnita ZuckerNoneSouth DakotaSioux Falls1$1.6 billionT. Denny SanfordNoneTennesseeNashville3$20.7 billionThomas Frist Jr. and familyFranklinTexasDallas18$57.9 billionJerry JonesHoustonUtahProvo3$3.5 billionRyan JonesSalt Lake CityVirginiaMcLean2$4.7 billionWilliam Conway Jr.The PlainsWashingtonSeattle8$252.2 billionJeff BezosMedinaWest VirginiaLewisburg1$1.2 billionJim Justice IINoneWisconsinRacine3$11.7 billionS. Curtis JohnsonEau ClaireWyomingJackson3$52.1 billionJohn MarsLittle Jackson Hole
Source: 24/7 Wall St.
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