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About 770 billionaires stay 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 no less than park their personal jets after they’re on the town.
Three of the 4 greatest clusters of billionaires on the earth are traditional 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 certainly one of America’s fastest-growing cities — Austin, Texas — has emerged as a comparatively new billionaire scorching spot, counting 9 as residents. Henley & Companions mentioned 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 the town.
Try the complete record of the US cities the place essentially the most billionaires stay.
9. Boston, Massachusetts
Boston, Massachusetts. DenisTangneyJr/Getty Photos
The CEO of biotech and vaccine big 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
Enhance in millionaires and billionaires from 2012 to 2022: 50%
8. Austin, Texas
Austin, Texas. dszc/Getty Photos
Electrical-car billionaire Elon Musk, who’s a current transplant to the Texas capital, mentioned on a podcast that his new hometown might be “the most important 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
Enhance in millionaires and billionaires from 2012 to 2022: 102%
7. Seattle, Washington
Seattle, Washington. Sean Pavone/Getty Photos
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
Enhance in millionaires and billionaires from 2012 to 2022: 68%
6. Miami, Florida
Miami Seashore at night time. Buena Vista Photos
Throughout the COVID-19 pandemic, Florida as a complete — and Miami specifically — 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
Enhance in millionaires and billionaires from 2012 to 2022: 75%
5. Houston, Texas
Houston, Texas. Justin Sullivan/Getty Photos
Folks 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
Enhance 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 Photos
The chairman of Hyatt Inns, 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
Enhance in millionaires and billionaires from 2012 to 2022: 24%
3. Los Angeles, California
The downtown LA skyline. halbergman/Getty Photos
California is residence to essentially the most billionaires — not simply within the US, however on the earth, in keeping with Forbes. Los Angeles, specifically, is a scorching spot. Some billionaires there have names that gentle 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
Enhance in millionaires and billionaires from 2012 to 2022: 35%
2. New York Metropolis
The Manhattan skyline, with One World Commerce Heart on the middle. Getty Photos
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
Enhance 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 Photos
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
Enhance in millionaires and billionaires from 2012 to 2022: 68%
All inhabitants information is from the US Census’ 2020 survey besides the place in any other case famous.