Photo: Flickr Viva Vivanista
If the Democrats are waging class warfare, it’s largely against their own voters.New data from the research firm Wealth-X shows that the bluest of blue states have far and away the largest number of residents worth at least $30 million.
California and New York have the highest number of $30-million plus residents (known as ultra-high net worths), with a total of 10,955 and 8,595 respectively.
According to Wealth-X, blue states have three quarters of the nation’s ultra-high net worth residents. Granted, it’s no surprise that California and New York have the bulk of rich residents. Yet even without those two, the blue states still lead with about 26,000 individuals, versus some 15,000 in the red states.
Leading the pack among red states is Texas, with 5,890 ultra-high net worth residents. Georgia ranked second on the GOP side, with 1,110.
“The great irony that emerges from this UHNW market research is that contrary to the popular conception that the ultra-wealthy are more Republican leaning, the UHNW population for blue states is almost four times that of red states,” said David Friedman, president of Wealth-X.
Below is the complete list of state populations of UHNW residents – and voters. Wealth-X categorizes some swing states as either red or blue, even though they vote nearly equally Democratic or Republican, and tend to be counted as “purple.”
States Ranked By Ultra-High Net Worth Individuals Blue States Red States California 10,955 Texas 5,890 New York 8,595 Georgia 1,110 Florida 3,650 Arizona 910 Illinois 2,780 Tennessee 815 Michigan 1,700 Oklahoma 800 Pennsylvania 1,620 Missouri 760 Connecticut 1,345 Arkansas 560 Ohio 1,330 Kansas 560 Wisconsin 1,295 Alabama 380 New Jersey 1,275 Kentucky 375 Virginia 1,200 Louisiana 375 Washington 1,195 Montana 340 Minnesota 1,125 Nebraska 300 Maryland 1,060 South Carolina 295 Massachusetts 995 Wyoming 295 North Carolina 945 Mississippi 265 Colorado 925 West Virginia 205 Indiana 830 Idaho 190 Nevada 495 Utah 190 District Columbia 475 South Dakota 145 Oregon 380 North Dakota 55 Rhode Island 260 Alaska 50 Hawaii 200 Iowa 200 New Hampshire 180 Vermont 135 New Mexico 130 Maine 85 Delaware 55 BLUE STATE TOTAL 45,415 RED STATE TOTAL 14,865
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