Very rich and very poor in California, and more

last updated 8 January 2015

Very rich and very poor in California

California is now home to 111 billionaires, by far the most of any state, and they personally hold assets worth $485 billion, more than the entire GDP of all but 24 countries in the world. Yet the state also suffers the highest poverty rate in the country (adjusted for housing costs), at 24 percent.

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