Dallas tops all other Texas cities in billionaire wealth, study finds


Dallas is home to 18 billionaires with a collective net worth of $57.9 billion, making it the top Texas city 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 Jerry Jones, the owner of the Dallas Cowboys, 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. Dallas has the third-highest number of billionaires, behind New York City and San Francisco, the analysis found.

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. 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. 

City in Each State With the Highest Billionaire Wealth

State City Billionaires Living in City Combined Net Worth of Billionaires in City Wealthiest Billionaire in City Runner-up City
Arizona Phoenix 7 $24.9 billion Ernest Garcia III Tempe
Arkansas Bentonville 2 $124.6 billion Jim Walton Fayetteville
California San Francisco 41 $173.8 billion Dustin Moskovitz Los Angeles
Colorado Denver 4 $23.5 billion Philip Anschutz Elizabeth
Connecticut Greenwich 11 $47.2 billion Ray Dalio Branford
Florida Palm Beach 11 $61.6 billion Thomas Peterffy Miami Beach
Georgia Atlanta 12 $55.1 billion Jim Kennedy None
Hawaii Honolulu 1 $23.8 billion Pierre Omidyar None
Idaho Idaho Falls 1 $3.5 billion Frank VanderSloot None
Illinois Chicago 11 $49.5 billion Ken Griffin Highland Park
Indiana Bloomington 1 $10.5 billion Carl Cook Indianapolis
Iowa Abel 1 $5.4 billion Harry Stine None
Kansas Wichita 1 $44.9 billion Charles Koch Leawood
Kentucky Lexington 2 $8.5 billion Tamara Gustavson Louisville
Louisiana New Orleans 1 $3.3 billion Gayle Benson None
Maine Scarborough 1 $2 billion Susan Alfond None
Maryland Potomac 2 $9 billion Mitchell Rales Chevy Chase
Massachusetts Boston 10 $33.9 billion Edward Johnson III Newton
Michigan Franklin 1 $49.7 billion Daniel Gilbert Grand Rapids
Minnesota Mankato 1 $2.5 billion Glen Taylor St. Paul
Mississippi Hattiesburg 2 $2.8 billion James and Thomas Duff None
Missouri St. Louis 5 $18.5 billion Pauline McMillan Keinath Springfield
Montana Missoula 2 $8.3 billion Dennis Washington Bozeman
Nebraska Omaha 3 $101 billion Warren Buffett None
Nevada Las Vegas  6 $14.3 billion Steve Wynn Reno
New Jersey Saddle River 1 $7.2 billion Rocco Commisso Millburn
New York New York City 86 $446 billion Michael Bloomberg Oyster Bay
North Carolina Cary 3 $15 billion James Goodnight None
Ohio Cleveland 3 $3.3 billion Norma Lerner New Albany
Oklahoma Oklahoma City 3 $23.2 billion Tom and Judy Love Tulsa
Oregon Hillsboro 1 $51.6 billion Phil Knight and family Portland
Pennsylvania Philadelphia 3 $10.6 billion Victoria Mars Bryn Mawr
Rhode Island Providence 1 $2 billion Jonathan Nelson None
South Carolina Charleston 1 $1.9 billion Anita Zucker None
South Dakota Sioux Falls 1 $1.6 billion T. Denny Sanford None
Tennessee Nashville 3 $20.7 billion Thomas Frist Jr. and family Franklin
Texas Dallas 18 $57.9 billion Jerry Jones Houston
Utah Provo 3 $3.5 billion Ryan Jones Salt Lake City
Virginia McLean 2 $4.7 billion William Conway Jr. The Plains
Washington Seattle 8 $252.2 billion Jeff Bezos Medina
West Virginia Lewisburg 1 $1.2 billion Jim Justice II None
Wisconsin Racine 3 $11.7 billion S. Curtis Johnson Eau Claire
Wyoming Jackson 3 $52.1 billion John Mars Little Jackson Hole

Source: 24/7 Wall St.

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