How Many Billionaires Live in Pennsylvania?
Uncover the precise count of billionaires in Pennsylvania, revealing their diverse economic influence and geographic footprint across the state.
The Current Count
Pennsylvania is home to a notable number of billionaires. According to Forbes’ 2025 “Richest People in the World” list, eighteen billionaires reside in the Keystone State. This figure represents an increase of seven individuals compared to the previous year, highlighting a growth in wealth within the state. Their collective net worth reached $137.6 billion in 2025, a substantial rise from $84.48 billion a year prior. To be included on this global list, individuals must meet a minimum net worth threshold, which can fluctuate annually based on market conditions.
Prominent Figures and Their Industries
Pennsylvania’s billionaires derive their wealth from a diverse array of industries, reflecting the state’s varied economic landscape. Jeff Yass, the wealthiest resident, built his fortune through trading and investments as a co-founder of Susquehanna International Group, with holdings in ByteDance (TikTok’s parent company). Arthur Dantchik, another co-founder of Susquehanna International Group, also derives his wealth from trading and investments. The consumer goods sector is represented by Victoria Mars, an heiress to the Mars candy and pet food fortune, and Mary Alice Dorrance Malone, the largest shareholder of Campbell Soup Company.
Other prominent figures include Michael Rubin, who made his wealth in online retail with Fanatics, and Thomas Hagen, chairman of the insurance company Erie Indemnity. The sports industry includes Jeffrey Lurie, owner of the Philadelphia Eagles, and John Middleton, owner of the Philadelphia Phillies. The real estate sector sees representation through Mitchell Morgan of Morgan Properties and David Adelman. Edward Stack and his family are associated with Dick’s Sporting Goods, while Maggie Hardy leads the building materials company 84 Lumber. Thomas Tull’s wealth stems from movies and investments, and Jared Isaacman made his fortune in payment processing with Shift4 Payments.
Geographic Distribution within Pennsylvania
Pennsylvania’s billionaires often concentrate in regions known for economic opportunity and affluent communities. A significant majority reside in southeastern Pennsylvania, particularly within the metropolitan Philadelphia area. Wealthy suburban counties bordering Philadelphia, such as Chester, Montgomery, and Bucks, are particularly favored. Areas like the historic Philadelphia Main Line, encompassing townships such as Lower Merion, Radnor, and Easttown, are home to many of the state’s wealthiest residents. Communities like Haverford, Bryn Mawr, Wynnewood, and Gladwyne are frequently cited as preferred addresses for these high-net-worth individuals.
The concentration of wealth in these areas is often attributed to their proximity to major financial centers, well-established corporate headquarters, and historical industrial foundations. In addition to the Philadelphia region, the Pittsburgh metropolitan area also hosts a contingent of the state’s billionaires. Upscale communities like Fox Chapel and Sewickley Heights are prominent residential choices for the wealthy in Western Pennsylvania, reflecting pockets of prosperity outside the dominant southeastern corridor. These areas offer a blend of established infrastructure, access to key industries, and desirable living environments that attract and sustain significant personal fortunes.