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About 770 billionaires reside in the US, in keeping with a brand new report on the world’s wealthiest cities from London-based consulting agency Henley & Companions.
There are only a handful of cities they like to name residence — or at the least park their non-public jets once they’re on the town.
Three of the 4 greatest clusters of billionaires on this planet are basic US locations for the uberwealthy: New York Metropolis, Los Angeles, and the Bay Space, which incorporates the neighboring tech hubs of San Francisco and Silicon Valley. Practically 163 billionaires reside in these three scorching spots alone.
A few of America’s richest residents, although, select quieter cities for his or her residence bases.
Comparably smaller Seattle, Washington boasts 10 billionaire residents, whereas Boston, Massachusetts claims eight.
And one among America’s fastest-growing cities — Austin, Texas — has emerged as a comparatively new billionaire scorching spot, counting 9 as residents. Henley & Companions stated that “no state revenue tax and ample house” helps make the Texas capital a primary vacation spot, particularly as tech titans like Elon Musk descend on town.
Take a look at the complete checklist of the US cities the place essentially the most billionaires reside.
9. Boston, Massachusetts
Boston, Massachusetts. DenisTangneyJr/Getty Photographs
The CEO of biotech and vaccine large Moderna, Stéphane Bancel, and founding father of on-line furnishings firm Wayfair, Niraj Shah, reside in Beantown, in keeping with Boston Journal.
Inhabitants: 675,647
Variety of billionaires: 8
Variety of high-net-worth people with wealth over $1 million: 41,700
Improve in millionaires and billionaires from 2012 to 2022: 50%
8. Austin, Texas
Austin, Texas. dszc/Getty Photographs
Electrical-car billionaire Elon Musk, who’s a current transplant to the Texas capital, stated on a podcast that his new hometown shall be “the largest boomtown America has seen in 50 years.“
Inhabitants: 961,855
Variety of billionaires: 9
Variety of high-net-worth people with wealth over $1 million: 30, 500
Improve in millionaires and billionaires from 2012 to 2022: 102%
7. Seattle, Washington
Seattle, Washington. Sean Pavone/Getty Photographs
Starbucks CEO Howard Schultz calls the “Wet Metropolis” residence.
Inhabitants: 737,015
Variety of billionaires: 10
Variety of high-net-worth people with wealth over $1 million: 50,500
Improve in millionaires and billionaires from 2012 to 2022: 68%
6. Miami, Florida
Miami Seashore at evening. Buena Vista Photographs
In the course of the COVID-19 pandemic, Florida as a complete — and Miami particularly — lured finance and tech elites away from worse climate and better taxes in northern cities. Take billionaire hedge-funder Ken Griffin, who moved himself and his hedge fund Citadel to the Magic Metropolis from Chicago.
Inhabitants: 442,241
Variety of billionaires: 12
Variety of high-net-worth people with wealth over $1 million: 38,000
Improve in millionaires and billionaires from 2012 to 2022: 75%
5. Houston, Texas
Houston, Texas. Justin Sullivan/Getty Photographs
Individuals with fortunes buoyed by oil and pipeline firms, together with Jeffery Hildebrand and Richard Kinder, dominate Houston’s billionaire scene, in keeping with the Houston ABC affiliate.
Inhabitants: 2,304,580
Variety of billionaires: 20
Variety of high-net-worth people with wealth over $1 million: 98,500
Improve in millionaires and billionaires from 2012 to 2022: 65%
4. Chicago, Illinois
A bicyclist rides close to Lake Michigan with the Chicago skyline within the background. Beata Zawrzel/Getty Photographs
The chairman of Hyatt Resorts, Thomas J. Pritzker, and a grandson of the Walmart founder, Lukas Walton, name the Windy Metropolis residence, in keeping with Chicago TV station WGN.
Inhabitants: 2,746,388
Variety of billionaires: 24
Variety of high-net-worth people with wealth over $1 million: 124,000
Improve in millionaires and billionaires from 2012 to 2022: 24%
3. Los Angeles, California
The downtown LA skyline. halbergman/Getty Photographs
California is residence to essentially the most billionaires — not simply within the US, however on this planet, in keeping with Forbes. Los Angeles, particularly, is a scorching spot. Some billionaires there have names that mild up Hollywood marquees, like director Steven Spielberg. Others favor to fly beneath the radar, like reclusive In-N-Out heiress Lyndsi Snyder.
Inhabitants: 10,014,009
Variety of billionaires: 42
Variety of high-net-worth people with wealth over $1 million: 205,400
Improve in millionaires and billionaires from 2012 to 2022: 35%
2. New York Metropolis
The Manhattan skyline, with One World Commerce Middle on the heart. Getty Photographs
Former mayor and one-time presidential candidate Michael Bloomberg and Blackstone CEO Stephen Schwartzman are two notable billionaire New Yorkers.
Inhabitants: 8,804,190
Variety of billionaires: 58
Variety of high-net-worth people with wealth over $1 million: 340,000
Improve in millionaires and billionaires from 2012 to 2022: 40%
1. The Bay Space, made up of San Francisco and Silicon Valley
The downtown San Francisco skyline. Alexander Spatari/Getty Photographs
Tech’s explosion has made San Francisco and close by Silicon Valley the biggest cluster of billionaires within the US and the world. Meta’s Mark Zuckerberg, Alphabet’s Larry Web page, and Airbnb’s Brian Chesky all name the area residence.
Inhabitants: 7.7 million, in keeping with the San Francisco Chronicle
Variety of billionaires: 63
Variety of high-net-worth people with wealth over $1 million: 285,000
Improve in millionaires and billionaires from 2012 to 2022: 68%
All inhabitants knowledge is from the US Census’ 2020 survey besides the place in any other case famous.
