Understanding America's Billionaires: A Total of 1,135 and Growing
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Updated: Sep 03 2025
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Source: WSJ
Billionaire Growth: The number of billionaires in the U.S. has increased from 927 in 2020 to 1,135 in 2024, with California housing the largest concentration at 255 individuals.
Billionaires Beyond Headlines: Many billionaires are emerging from smaller towns and cities, contributing to local economies, yet they often remain out of the public eye compared to more famous tech founders.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
