While billionaires appear in dozens of states, the vast majority of extreme wealth funnels into a surprisingly small number of places. In 2025, residents of 38 states and Washington, DC made the Forbes 400 list, but more than half of the total $6.6 trillion represented lives in just a handful of states. Ranked from tenth to first, these are the states that America’s one percent clearly prefers—along with the single richest resident anchoring each one.