• The profile of the typical billionaire isn't all that surprising.
• Most of the world's billionaires are men, and the largest share work in finance or banking.
• Here's a breakdown of the billionaire class, according to a new report.

If you're looking for a billionaire, you might as well be looking for a man in finance, trust fund, 6'5", blue eyes.

Well, not exactly, but the typical member of the three-comma club isn't that different from the stereotype.

The typical billionaire is a man in his 60s, who lives in New York City, loves sports, and works in banking or finance, according to Altrata's 2024 Billionaire Census, which looked at the world's richest citizens as of 2023. Most of his wealth is probably tied up in public companies, though he also has a penchant for private jets, luxury yachts, and valuable cars. He is also, unlike the man in the TikTok jingle, self-made.

There are more billionaires than ever in the world, a total of 3,323. Their cumulative net worth is $12.1 trillion, up 9% from last year thanks to a stock-market rebound.

The United States is home to nearly one third of them, the largest concentration of any country. New York City alone has 144 billionaire inhabitants — more than any country besides the US, China, and Germany.

Most — 87% — of billionaires are male, and have amassed their fortunes in different ways than the world's 431 female billionaires.

While the majority of all billionaires, about 60%, are fully self-made, men are more likely to be than female billionaires. In fact, 76% of the world's female billionaires have inherited at least part of their wealth, compared to 35% of male ones.

Male billionaires are more likely to have public assets make up the largest share, or about 40%, of their wealth. Male tech billionaires whose fortunes are tied up in the companies they control or founded — like Elon Musk and Jeff Bezos — skewed that number, according to the report.

Meanwhile, liquid assets, like cash and private holdings, are the largest asset classes for women. Both are more typically tied to inherited fortunes, Altrata found.

The largest share of all billionaires, about 22%, work in finance or banking, but the largest portion, about 17%, of female billionaires spend most of their professional time in the nonprofit sector.

The interests of male and female billionaires follow suit: 71% of women billionaires count philanthropy as a top interest, while sports was the most popular one for male billionaires. Among all billionaires, the top philanthropic cause was education, which includes gifts to alma maters — an especially popular form of giving in the US.

Billionaires are also more likely to splurge on different high-value items depending on their gender. Men prefer luxury vehicles — jets, yachts, cars — while women prefer property and art. In fact, male billionaires are almost four times as likely to own a car collection worth more than $1 million than their female counterparts.

So, if you are looking for a man or woman, finance isn't a bad place to start. Failing that, why not try a gala or classic car show? We'll leave the choice of eye color up to you.

• Florida is one of the most popular destinations for people moving from one US state to another.
• New census data shows that many more people moved into Florida than left between 2022 and 2023.
• The number of people leaving is up over issues such as rising costs and natural disasters.

When Derek Edwards was living in Wisconsin and Colorado, he often traveled to the Caribbean via Florida.

He liked his layovers so much that he decided to move to Miami when he was 28. Edwards, a teacher, said the weather has been worth it even if rent and groceries are more expensive.

"It's just beautiful," he told Business Insider earlier this year. "Just in case I don't stay in Florida forever, I'm going to go to the beach as much as I can."

Drawn by the balmy climate, numerous outdoor activities, and more, hundreds of thousands of movers like Edwards choose Florida every year. Census data released on October 17 indicates that between 2022 and 2023, nearly 637,000 people moved to Florida from another state, while nearly 511,000 left the Sunshine State for somewhere else in the US.

Those estimates come from the Census Bureau's release on state-to-state migration flows based on results from the 2023 American Community Survey. The annual survey asks, among many demographic and economic topics, whether respondents moved in the past year and, if so, which state they used to live in.

The net inflow during this period, however, was not as dramatic as in the previous year. From 2021 to 2022, nearly 739,000 people moved to Florida, while almost 490,000 left for another state.

Florida leavers have told BI in interviews that they are motivated by various factors, including increasing insurance costs, a rising cost of living overall, and the increasing intensity of natural disasters.

Read on for an analysis of where movers to Florida came from, based on census estimates — and where Sunshine State leavers headed for greener pastures.

New Yorkers continue flocking to Florida

New Yorkers still move to Florida in droves.

The New York-to-Florida route taken by over 71,000 people was the second-most-popular route for all movers within the US between 2022 and 2023 — behind only California to Texas. Still, it's a big drop from the 91,000 movers from New York to Florida between 2021 and 2022.

Many New Yorkers flee south in search of a cheaper life and better weather, though SmartAsset's analysis of IRS tax data found those who made the move in 2023 didn't save as much as those in previous years.

Most still do save money: Someone making $100,000 in New York could save $37,166 yearly in Miami in 2023, compared with the $51,273 they might have saved in 2019, SmartAsset found. This is partly due to Florida's rising utilities and housing costs.

Nearly 44,500 people moved from Georgia to Florida between 2022 and 2023 — even though about 55,000 people moved from Florida to Georgia, likely driven by Georgia's relatively lower cost of living.

Over 39,000 left California for Florida in that same period. Some people who moved out of the Golden State told BI their decisions were due to rising costs and shifting politics. Terry Gilliam, who moved from California to Florida over weather and political concerns, has started Facebook groups helping others make similar moves, which have attracted almost 300,000 members in total.

People who move out of Florida tend to stay in the South

Like in last year's release, Georgia was the most-popular state for those leaving Florida.

Some former Florida residents who moved to Georgia have said they wanted a similar climate but needed to leave as the Sunshine State became more expensive and commercialized. Others cited skyrocketing home-insurance costs.