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According to a new report from Americans for Tax Fairness, which analyzed Forbes data, only two states saw the wealth among their billionaire population decline since the domestic outbreak began: Mississippi and Arkansas.
Every state has at least one individual or family with $1 billion or more, the data showed. Though a handful – nearly 10 – have just one resident who has wealth valued at that threshold.
Here’s a look at the states with the greatest number of billionaires and the wealth they have accumulated over the past few months:
The Golden State is home to the most billionaires, 154.
Between March 18 and June 17, these individuals collectively accumulated an additional $175.4 billion.
There are 112 individuals considered billionaires in New York.
Despite the heavy economic toll the virus has inflicted on the state – and New York City specifically – these ultrawealthy individuals made an additional $77.3 billion from mid-March through June.
Florida and Texas
Florida and Texas have 56 billionaires apiece.
In Florida, that group of billionaires made $15.5 billion since March, while in Texas, those 56 individuals earned $24 billion.
Illinois and Massachusetts
There are 17 billionaires in both Illinois and Massachusetts. In the former, billionaire wealth rose by $4.9 billion since March, while it increased by $17 billion in the latter.