Most of America's richest continue to get richer.
The Institute for Policy Studies estimated that from March 2020 to March 2021, which included the coronavirus pandemic-induced recession, the combined wealth of U.S. billionaires increased by more than 44.6% (or more than $1.3 trillion) while 43 Americans became billionaires for the first time.
Using data from billionaire lists compiled and updated by Bloomberg and Forbes, Yahoo Finance mapped the richest person in each U.S. state. (Net worths fluctuate daily and estimates vary based on methodology.)
CEOs, founders, franchise owners
Jeff Bezos, CEO of Amazon (AMZN), is not only the richest person in the state of Washington or even the U.S. — he's also the wealthiest person in the world: As of April 5, 2021, his net worth stood at roughly $185 billion. (According to Bloomberg, that’s equivalent to 0.864% of U.S. GDP.)
Not too far behind Bezos — and sometimes swapping places with him at the top spot based on fluctuations in market value of the companies they founded — is Tesla (TSLA) and SpaceX CEO Elon Musk with an estimated net worth of roughly $171 billion.
Musk, who was previously a resident of California, relocated to Texas after complaining about his former state’s overbearing regulations on large corporations. (Musk is also the founder of The Boring Company, an infrastructure and tunnel construction company; Neurolink, a neurotechnology company; and OpenAI, an AI research laboratory.)
Warren Buffett, the CEO of Berkshire Hathaway (BRK-A, BRK-B) and richest resident of Nebraska, has an estimated net worth of $98.3 billion. Buffett is also part of a unique campaign known as The Giving Pledge, in which billionaires pledge to contribute a majority of their wealthy to charitable causes. (Buffett has gone a step further and promised to give away 99% of his fortune.)
Also part of the campaign are Bill and Melinda Gates, hedge fund manager Bill Ackman, and Home Depot Co-Founder Arthur Blank.
Many other company founders and CEOs are the richest people in their respective states, like Massachusetts’s Abigail Johnson, CEO of Fidelity Investments with an estimated net worth of $25.9 billion, Hawaii’s Pierre Omidyar, founder of eBay (EBAY) with an estimated net worth of $12.1 billion, Oregon’s Phil Knight, a co-founder of Nike (NKE) with an estimated net worth of $51.5 billion, and Kansas’s Charles Koch, CEO of Koch Industries with an estimated net worth of $61.8 billion.
Sports franchise owners are also part of the pack: Gayle Benson, the owner of the New Orleans Saints football team and New Orleans Pelicans basketball team, is the richest person in the state of Louisiana with an estimated new worth of about $3.4 billion. Glen Taylor, owner of the Minnesota Timberwolves and Minnesota Lynx teams, is the richest person in Minnesota with an estimated new worth of $2.9 billion.
Adriana Belmonte is a reporter and editor covering politics and health care policy for Yahoo Finance. You can follow her on Twitter @adrianambells and reach her at email@example.com.