America’s billionaires are voting with their wallets, and the results should shock nobody. The Forbes 400 list for 2025 shows our nation’s richest people are fleeing high-tax liberal states in droves. They’re heading straight to places that actually respect business and freedom.
California still leads with 85 billionaires worth a whopping 1.7 trillion dollars. But don’t let those numbers fool you about the Golden State’s future. Smart money is already running for the exits as taxes skyrocket and regulations strangle business.
New York comes in second with 57 ultra-rich residents worth nearly 691 billion dollars. The Empire State used to tie for second place but lost ground to Florida. When billionaires start leaving your state, you know your policies are failing badly.
Florida jumped to third place with 49 billionaires and over 716 billion in wealth. Amazon’s Jeff Bezos moved there from Seattle in 2023, and he’s not alone. The Sunshine State’s zero income tax and business-friendly laws are a magnet for success.
Texas ranks fourth with 43 billionaires controlling a massive 1 trillion dollars. Elon Musk led the charge by moving Tesla headquarters from California to Austin. The Lone Star State proves that freedom and low taxes create prosperity.
Even tiny Illinois made the top five with 16 billionaires worth over 132 billion dollars. Governor JB Pritzker himself is worth nearly 4 billion dollars from his hotel fortune. At least he’s keeping his money in his own state for now.
The pattern here is crystal clear to anyone paying attention. Red states like Texas and Florida are gaining wealthy residents while blue states hemorrhage them. Low taxes and fewer regulations equal more jobs and investment.
This wealth flight should be a wake-up call for every American voter. When the people who create jobs and drive innovation flee your state, everyone suffers. It’s time to embrace the policies that actually work.