Billionaire cohort and wealth at new highs, but what’s in their portfolios?
Its billionaire population climbed 11.5% in 2025 to 1,265 individuals, more than three times the level of second-ranked China, which had 363 billionaires after its own 13% expansion.
The proportion of total billionaire wealth held in the US stands at 44%, reflecting both the sheer scale of the American economy and the hyper-concentration of superbillionaires in its technology and financial sectors.
North America as a whole is home to 1,337 billionaires and holds 45% of global billionaire wealth at $6.8 trillion.
Among major cities, New York reinforced its standing as the world’s billionaire capital with 164 residents in this wealth tier, adding 12 individuals over the year. San Francisco ranked third globally with 99 billionaires, one of the fastest-growing centers in absolute terms, reflecting its status as the epicenter of the AI investment boom.
Chicago, Houston, and Washington, D.C. also placed in the global top 15, underlining the breadth of American billionaire geography.
