Family Office
These 43 members of the three comma club represent over $1 trillion in collective wealth. : Although pandemic quarantines forced the vast majority of Americans to shelter in place for most of 2020, some billionaires moved to greener pastures. Or at least ones with lower taxes. Take Elon Musk, for instance, who relocated in December 2020 to Austin, Texas—one of nine U.S. states that doesn’t collect income tax, igniting a firestorm over the fact that the three richest Americans now live in income tax-free states. (The other two, Jeff Bezos and Bill Gates, are residents of Washington state.)

In this article