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The wealthiest people in America live in these states
In a new report on wealth in America, wealth intelligence firm Wealth-X revealed that California has more super-wealthy residents than New York.
California now has 13,445 people who are worth more than $30 million, while New York has only 9,530. Texas (6,475) and Florida (4,650) followed in third and fourth place.
(California is the richest US state with over 13,000 people who are worth more than $30 million. States shaded darker green saw a greater increase in their millionaire and billionaire populations.Courtesy of Wealth-X)
However, when it came to cities, New York City has the largest amount of high net worth individuals in the United States with a population of 8,655. It was followed distantly by San Francisco with 5,460 and Los Angeles with 5,135.
(The 30 richest cities in America. New York City is the number one in America as well as the world for high-net worth population.Courtesy of Wealth-X)
(Savvy readers will notice that the number for Illionois is lower than for Chicago. Wealth-X explains that “Illinois’ UHNW population is almost entirely concentrated in Chicago, although almost 10% of the city’s metropolitan area is in Wisconsin or Indiana.")
Another interesting tidbit from the report was that the Dakotas saw a significant increase in their millionaire and billionaire population from 2013. The population of people earning more than $30 million swelled by 14.3% in North Dakota and 13.3% in South Dakota — the largest and second largest increase in the country, respectively.
Though Wealth-X said these numbers were fairly small — a rise in 10 ultra net worth individuals for North Dakota and 20 for South Dakota — it could mean that existing businesses are becoming increasingly profitable.
(The states that saw the greatest rise in ultra-wealthy residents are on the left hand side.Courtesy of Wealth-X)
In total, the US is home to 69,560 people who are worth more than $30 million with a total combined wealth of around $2.1 trillion.
America also has the largest population of these high net worth individuals in the world. For instance, there are more people worth over $30 million in California alone than there are in the entire United Kingdom, according to Wealth-X.
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