Ultra-wealthy people are over-represented in California compared to the rest of the USA. 100 of the Forbes top 400 are in CA [1], but the state only has about

Ultra-wealthy people are over-represented in California compared to the rest of the USA. 100 of the Forbes top 400 are in CA [1], but the state only has about ~12% of the US population [2], and accounts for ~15% of the US GDP. [1]: https://www.forbes.com/sites/angelauyeung/2020/09/08/golden-state-billionaires-100-of-this-years-forbes-400-live-in-california/?sh=713ce86941b6 https://www.forbes.com/sites/angelauyeung/2020/09/08/golden-... [2]: https://en.wikipedia.org/wiki/List_of_states_and_territories_of_the_United_States_by_population https://en.wikipedia.org/wiki/List_of_states_and_territories... [3]: https://en.wikipedia.org/wiki/List_of_states_and_territories_of_the_United_States_by_GDP https://en.wikipedia.org/wiki/List_of_states_and_territories...