UNITED STATES OF AMERICA

SPECIAL REPORT
W W W. W E A L T H X . C O M

2014

20132014

UHNW Population

UHNW Wealth
US$ billion

Population
Change %

Wealth
Change %

69,560

9,630

6.2%

6.0%

Total
US$1 billion +

571

2,266

10.9%

9.8%

US$750 million US$999 million

350

290

22.8%

7.4%

US$500 million US$749 million

1,110

755

20.0%

15.1%

US$250 million US$499 million

2,135

954

9.8%

1.0%

US$200 million US$249 million

3,940

920

2.9%

3.4%

US$100 million US$199 million

5,285

1,020

4.0%

2.5%

US$50 million US$99 million

21,380

1,950

3.8%

3.2%

US$30 million US$49 million

34,789

1,475

7.6%

7.3%

The United States of America has the worlds largest ultra high net worth (UHNW)
population and more UHNW wealth than any other country in the world. The US
is also home to the largest population of billionaires in the world. There are more
UHNW individuals worth US$30 million to US$49 million in the US than there are
UHNW individuals of all wealth tiers in any other country.

WEALTH-X : UNITED STATES OF AMERICA SPECIAL REPORT

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The Richest US States and Cities by UHNW Population

WINCONSIN

NEW HAMPSHIRE
5.4%

2.2%

WASHINGTON

VERMONT
MAINE
4.0%

INDIANA

4.2%

MONTANA
OREGON

11.8%

NORTH DAKOTA
MINNESOTA

7.0%

3.6%

SOUTH DAKOTA

RHODE ISLAND

MICHIGAN

7.5%
6.5%

WYOMING
13.3%

10.7%

OHIO

NEBRASKA

NEVADA

7.1%

UTAH
11.1%

CALIFORNIA

3.4%

KENTUCKY

MISSOURI

5.1%

7.8%

3.1%

TENNESSEE

OKLAHOMA
NEW MEXICO

ARKANSAS

9.0%

5.1%

6.2%
3.8%

3.6%

4.8%

4.5%
7.0%

NEW JERSEY

VIRGINIA

4.9%

KANSAS

ARIZONA

2.6%

3.2%

ILLINOIS

6.8%

COLORADO

CONNECTICUT

PENNSYLVANIA

IOWA

11.1%

12.0%

4.8%

NEW YORK

IDAHO
7.9%

7.3%

14.3%

6.1%

MASSACHUSETTS

NORTH
CAROLINA
SOUTH
CAROLINA

GEORGIA
ALABAMA

8.2%

7.9%

MARYLAND

4.4%
6.6%

5.1%
3.6%

DELAWARE
9.1%

5.5%

MISSISSIPPI
TEXAS

5.3%

LOUISIANA
WASHINGTON, D.C.
FLORIDA

5.0%

ALASKA

8.0%
11.7%

WEST VIRGINIA

0.0%

HAWAII

0.0%

WEALTH-X : UNITED STATES OF AMERICA SPECIAL REPORT

7.3%

UHNW population

> 10.0% population increase

7.0% 9.9% population increase

5.0% 6.9% population increase

3.0% 4.9% population increase

0.0% 2.9% population increase

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Breaking down Americas UHNW population by state, we see that some states are
particularly significant: for example, there are more UHNW individuals in California
than in the United Kingdom, there are more UHNW individuals in New York than
there are in India, and there are more UHNW individuals in Texas than in all of Canada.
Alaska was the only US state to experience a decline in GDP over the last year, while
Hawaii experienced no growth. It is therefore not surprising that, in the last year, Alaska
and Hawaii experienced no growth in their UHNW populations, while New Mexico
and Vermont only saw an increase of five UHNW individuals over the same time period.
Wisconsin and Connecticut also experienced disappointing growth, with their UHNW
populations increasing by less than 3%, adding only 30 and 35 UHNW individuals,
respectively. Those four states also experienced below average GDP growth.
The state with the fastest growing UHNW population was North Dakota, although
the absolute increase was only of 10 individuals. The second fastest UHNW population
growth was seen in South Dakota, although the increase was only of 20 individuals.
These states experienced some of the fastest growth in GDP, causing existing businesses
to become increasingly profitable and enabling a significant number of individuals to
cross the UHNW threshold of US$30 million.

W W W. W E A L T H X . C O M

The strong growth witnessed in Floridas financial and real estate sectors led to a sizeable
increase in the states UHNW population. Floridas UHNW population grew by more
than 10%, adding almost 500 new individuals over the past year. Michigan was also a
strong performer, benefiting from a surge in investment and a rising confidence in the
states economic outlook. The size of Michigans UHNW population expanded by more
than 10%, with the addition of over 200 individuals. California and New York added the
largest number of new UHNW individuals there were 1,470 new UHNW individuals
in these two states alone. Although these states GDP growth was not as impressive as
that seen in other states, they have a number of advantages, one of them being the high
concentration of UHNW population and businesses already established there.

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