News Summary

• Billionaires from all over America made the annual Forbes 400 ranking of the country’s richest people in 2025.
• But the ultra-wealthy aren’t spread evenly across the U.S., with more than half of the list living in the four most populous states.
• The Golden State is home to the most Forbes 400 members yet again, with 85 people worth $1.7 trillion combined.
• Florida slipped back into third place, with 49 residents on this year's Forbes 400, after tying New York as runner-up for the first time ever in 2024.
• Seven other American billionaires on The Forbes 400 live outside the country, including London-based music and chemicals mogul Len Blavatnik and Seoul-based private equity tycoon Michael Kim.