Palm Beach Remains Billionaire Magnet as Wealth Grows

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Palm Beach, Florida continues to be a hub for the ultra-wealthy, with an analysis showing at least 65 billionaires still have strong residential ties to the town. The combined wealth of these billionaires has hit around $649 billion, up from $620 billion the previous year, even as the number of billionaires with Palm Beach ties decreased slightly. President Donald Trump, the town's most famous resident, saw his net worth climb from $5.1 billion to $6.5 billion over the past year.

Why it matters

Palm Beach's status as a magnet for the global ultra-wealthy elite underscores the growing wealth inequality in the United States, with a small number of individuals controlling massive amounts of capital. The town's billionaire population and their combined net worth highlight the outsized influence the super-rich can have on local economies and politics.

The details

The Palm Beach Daily News analysis found that at least 65 billionaires still have strong residential ties to the town, down slightly from the previous year. However, the combined net worth of these billionaires increased from $620 billion to around $649 billion. President Donald Trump, who is Palm Beach's most famous resident, saw his net worth climb from $5.1 billion to $6.5 billion over the past year, a $4.2 billion increase since 2024.

• The latest Forbes rankings of the world's richest people were released on March 10, 2026.
• The analysis by the Palm Beach Daily News looked at changes in the billionaire population and their combined net worth over the past year.