Golden State Billionaires: California’s Richest Residents 2020

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If California were a country, it would rank third in terms of the number of billionaires it holds - here are The Golden State's 10 richest ForbesBillionaires

f California were a country, it would rank third in terms of the number of billionaires. On the new Forbes 2020 list of the World’s Billionaires, the U.S. has 614 billionaires, mainland China 369 and California a whopping 165. Some of those billionaires have been taking steps to fight the coronavirus pandemic.

California’s population, at nearly 40 million people, outranks that of many countries around the world, so in some ways the billionaire count is simply about sheer size. But of course one of the principal reasons for the large number of billionaires in the state is the technology industry.

The Golden State gained eight more billionaires this year compared to last, including Yuan. After the technology industry, the next most fruitful industries are finance and investments and real estate . Of the billionaires who live in California, 11 are non-U.S.citizens, including Russian-born

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