Seattle is home to more billionaires, that’s with a ‘B’, than any other city in the United States. A total of eight billionaires live in Seattle with a combined net worth of $252.2 billion. Of Seattle residents with a minimum 10-figure net worth, Jeff Bezos is the wealthiest, worth an estimated $183.1 billion.
The Amazon founder and executive chairperson has $151 billion in wealth, down from $201 billion last year, according to the Forbes 400 2022. Taking Bezos’ place for the first time in four years is Elon Musk, CEO of Tesla and SpaceX. Musk is based in Austin, Texas.
Trailing Bezos is Microsoft co-founder Bill Gates. With a $106 billion net worth in 2022, Gates is the third-richest in the U.S. and second-richest in Washington.
Medina is the city with the second most billionaires with the highest combined net worth in Washington. There are a total of two billionaires in the city who are worth a combined $129.6 billion.
The U.S. cities that are home to the most billionaires are often closely tied to the sources of their wealthiest residents’ net worth. For example, many of the wealthiest people in the country have made their fortune through some association a successful company — and these people often live in close proximity to these companies. As a result, many of the cities on this list have high concentrations of companies in well-paying industries like finance, tech, and oil.
The combined net worth of the billionaires in some U.S. cities exceeds the entire annual GDP of many states.