In Jackson Hole, Wyoming, where billionaires live and vacation

• Jackson Hole, Wyoming, is a luxury enclave for some of the wealthiest Americans.
• The area is known for its extreme income inequality, with the top 1% earning significantly more.
• I visited Jackson Hole for the first time to find out why the rich live and vacation there.

In the valley below the Teton Mountains, some of America’s wealthiest people sit back on their terraces and look out over a vast mountain landscape where mansions are hidden among towering evergreen trees.

They have saunas in their homes and spend thousands on custom-made cowboy hats with diamond bands.

I’m talking about the wealthy enclave of Jackson Hole in Teton County, Wyoming – one of the wealthiest counties in the United States.

Jackson Hole has long been a haven for billionaires and the most income unequal city in the United States. According to the Economic Policy Institute, the top 1% of metro area residents earn 132 times the income of the bottom 99% of residents. The average income of the top 1% is a whopping $16 million.

Celebrities from Kanye West and the Kardashians to Sandra Bullock and Harrison Ford have bought real estate in Jackson Hole.

Still, I recently visited the city for the first time to see what makes this place so desirable for high earners.