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Henley & Partners has put out their latest ranking of world cities by the number of millionaires, centimillionaires and billionaires.
Here is where NA cities placed:
Millionaires($1M+ Net Worth)Growth from 2013-2023
#1 New York------349,500(+48%)
#2 Bay Area------305,700(+82%)
#6 Los Angeles---212,100(+45%)
#12 Chicago------120,500(+22%)
#13 Toronto------106,300(+25%)
#17 Houston------90,900(+70%)
#22 Dallas--------68,600(+75%)
#26 Seattle--------54,200(+140%)
#30 Boston--------42,900(+55%)
#31 Vancouver----41,400(+50%)
#33 Miami---------35,300(+78%)
#35 Austin---------32,700(+110%)
#41 Washington DC-28,300(+75%)
Centimillionaires($100M+ Net Worth)
New York-------744
Bay Area-------675
Los Angeles----496
Chicago---------290
Houston--------258
Toronto---------195
Miami-----------164
Seattle----------130
Dallas-----------125
Boston----------107
Austin------------92
Washington DC--88
Vancouver--------80
Billionaires($1B+ Net Worth)
Bay Area--------68
New York--------60
Los Angeles-----43
Chicago---------24
Houston---------18
Toronto---------18
Dallas-----------15
Miami-----------15
Washington DC--12
Seattle-----------11
Austin------------10
Vancouver-------10
A geographic note from the link
Quote:
We take into account the normal city limits of all the cities mentioned in this report, with the exception of those listed below.
-The Bay Area includes the city of San Francisco and Silicon Valley.
-Los Angeles includes the city of Los Angeles as well as Beverly Hills, Laguna Beach, Newport Beach, and Malibu.
-Miami includes Miami (city) and Miami Beach (island).
Henley & Partners has put out their latest ranking of world cities by the number of millionaires, centimillionaires and billionaires.
Here is where NA cities placed:
Millionaires($1M+ Net Worth)Growth from 2013-2023
#1 New York------349,500(+48%)
#2 Bay Area------305,700(+82%)
#6 Los Angeles---212,100(+45%)
#12 Chicago------120,500(+22%)
#13 Toronto------106,300(+25%)
#17 Houston------90,900(+70%)
#22 Dallas--------68,600(+75%)
#26 Seattle--------54,200(+140%)
#30 Boston--------42,900(+55%)
#31 Vancouver----41,400(+50%)
#33 Miami---------35,300(+78%)
#35 Austin---------32,700(+110%)
#41 Washington DC-28,300(+75%)
Centimillionaires($100M+ Net Worth)
New York-------744
Bay Area-------675
Los Angeles----496
Chicago---------290
Houston--------258
Toronto---------195
Miami-----------164
Seattle----------130
Dallas-----------125
Boston----------107
Austin------------92
Washington DC--88
Vancouver--------80
Billionaires($1B+ Net Worth)
Bay Area--------68
New York--------60
Los Angeles-----43
Chicago---------24
Houston---------18
Toronto---------18
Dallas-----------15
Miami-----------15
Washington DC--12
Seattle-----------11
Austin------------10
Vancouver-------10
So this is only within the 61 sq. miles of Washington D.C. without including the suburbs? Pretty impressive for DC and Boston which is even smaller than DC.
Thanks for the info. So they use the Bay Area but not DFW? Hmmm. Also surprised to see Austin but no Atlanta
I would have expected that a good chunk (and perhaps even majority?) of the uber-wealthy in Austin would live in West Lake Hills or Barton Creek, so I'm surprised there would be so many living with us in Austin proper. Don't get me wrong, I'm sure this applies to other cities as well, like Dallas with the park cities. I'm skeptical that they are truly going by city limits...
The "millionaire" stat is pretty outdated these days as having exactly 1 million clearly puts you in the middle class. That should probably be 10M if the goal is to track "wealthy".
I would have expected that a good chunk (and perhaps even majority?) of the uber-wealthy in Austin would live in West Lake Hills or Barton Creek, so I'm surprised there would be so many living with us in Austin proper. Don't get me wrong, I'm sure this applies to other cities as well, like Dallas with the park cities. I'm skeptical that they are truly going by city limits...
The "millionaire" stat is pretty outdated these days as having exactly 1 million clearly puts you in the middle class. That should probably be 10M if the goal is to track "wealthy".[/b]
Barely.
There’s only ~24.5 million people in the US with a net worth +$1 million, or 6% of the population. Factor in before we get into CoL nuances between cities/regions or the fact 9/10x that net worth is locked up into a home(s) and you get a better idea of living standards.
Thanks for the info. So they use the Bay Area but not DFW? Hmmm. Also surprised to see Austin but no Atlanta
The study claims to measure city proper (for the most part). Perhaps a majority of Atlanta's big wealth in located in the burbs?
For example, a good majority of Philadelphia area wealth is located in the surrounding suburban counties. Not saying either city should be listed, just pointing out that Atlanta may fall into that category of wealth distribution.
So this is only within the 61 sq. miles of Washington D.C. without including the suburbs? Pretty impressive for DC and Boston which is even smaller than DC.
Idk if this is supposed to be city or MSA? It includes The Bay Area which implies MSA. These numbers look a little suspect or at least use an inconsistent methodology.
Texas with an impressive big 3. The only state with three cities listed.
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