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As of May 2024, only three states are without a billionaire, the report found, including Alaska, Delaware, and West Virginia. Forbes explained last year that West Virginia Gov. Jim Justice once had billionaire status but lost it due to heavy debts in the early 2020s.
No, it isn't you - but can you guess who it is?
In Louisiana, Todd Graves, founder and CEO of fried chicken chain Raising Cane's tops the list with an estimated worth of $9.1 billion.
While many Americans may be struggling to stay in the "new" middle class, others are seemingly profiting from stocks, fast-food chains and past ventures.
Sanford, 87, has an estimated wealth of $2 billion, according to Forbes. Although Sanford's name is on many sites in Sioux Falls, the wealth is generated from banking and credit cards. Top billionaires in seven states have less wealth than Sanford.