Although pandemic quarantines forced the vast majority of Americans to shelter in place for

most of 2020, some billionaires moved to greener pastures. Or at least ones with lower taxes.

Take Elon Musk, for instance, who relocated in December 2020 to Austin, Texas—one of nine
U.S. states that doesn’t collect income tax, igniting a firestorm over the fact that the three richest
Americans now live in income tax-free states. (The other two, Jeff Bezos and Bill Gates, are
residents of Washington State.) Here is the richest billionaire in every U.S. state; net worths are
as of March 5, 2021.
1. Arizona | Ernest Garcia II

City: Tempe
Net Worth: $15.9 Billion
Rank: 121
Source Of Wealth: Used Cars

Garcia is the largest shareholder in online used-car and auto loan platform Carvana. His son, Ernest
Garcia III (also a billionaire), founded the company. The Garcias took it public in 2017.

2. Arkansas | Jim Walton

City: Bentonville

Net Worth: $60.02 Billion

Rank: 18

Source Of Wealth: Walmart

The Walmart heir is the youngest son of company founder Sam Walton. He sat on the retail giant’s
board for more than a decade before yielding his seat in 2016 to his son, Steuart.

3. California | Mark Zuckerberg

City: Palo Alto

Net Worth: $97 Billion

Rank: 5

Source Of Wealth: Facebook

Last year Larry Ellison, the founder of software firm Oracle, was California’s richest resident. Now
Zuckerberg is wealthier than Ellison—and Ellison has moved to Hawaii. Shares of Facebook soared 80%
in the past year, pushing Zuckerberg’s fortune up by $42.3 billion in the past year.