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Meh, 30 Million is not really "super" rich imHo, but whatever.
Also, Im pretty sure this is either by CSA or MSA, cause Bill Gates, which the articles mentions by name, doesnt live in the city of Seattle.
Quote:
Where the super rich live
By Jessica Dickler October 18, 2011
NEW YORK (CNNMoney) -- Donald Trump calls it home but so do 7,719 other people worth at least $30 million. In fact, more of the nation's super rich live in New York than any other U.S. city...
Los Angeles ranked a distant second. San Francisco (4,230), Chicago (2,550) and Washington (2,300) rounded out the top five, while Seattle ranked 10th with 885 ultra high net worth individuals -- including Bill Gates.
It also may reflect what the super rich make in different industries that are centered on different metro areas.
NYC has Wall Street plus media/entertainment
LA has media/entertainment
San Fran is probably technology
Chicago is finance (but less "high rolling" and risky than Wall Street)
DC is federal government
Houston and Dallas are corporate headquarters especially energy, etc.
So, we can maybe draw some conclusions that there are more super rich Wall Street and entertainers/media people, than super rich government.
Finance, entertainment/media, and technology has more super rich than federal government.
And as much as people talk about CEOs, especially oil/energy are rolling in the dough at our expense, they are not quite as "super rich as one might think"
Granted you have to take into account population of cities. Thats why there is a big drop off between Dallas/Houston and Atlanta. Atlanta has a much smaller city proper than the other two.
And then you have place like metro Detroit (not on the list of cities) but is on the list of top ten metro areas with most millionaires (there all the money is in the suburbs).
Interesting to see the big dropoff (percentage wise) between Dallas and Atlanta. I'm a little surprised Boston is that low.
It would be cool to see the next ten or fifteen cities.
All depends on how you calculate the percentage. In absolutes as a percentage of either metro the movement is .0001 of the respective populations, most would consider these a proportional rounding error to any of the metros listed, though a significant delta can be established based on a denominator used as the starting point. But in absolutes the diffference between Dallas and Atlanta is .0001 of the population.
20% of NYC's residents live below the poverty line?
Yes, the 16th Congressional District in The South Bronx is the poorest in the country with 256,544, or 38% of residents below the poverty line. The rate for children is 49%. The fact that this exists and was even perpetuated by government policies in the 1960's and 1970's in our nation's richest and most powerful city is the real story.
Yes, the 16th Congressional District in The South Bronx is the poorest in the country with 256,544, or 38% of residents below the poverty line. The rate for children is 49%. The fact that this exists and was even perpetuated by government policies in the 1960's and 1970's in our nation's richest and most powerful city is the real story.
To be fair Philly most definately has many areas where this is also rampant
To be fair Philly most definately has many areas where this is also rampant
Oh most definitely, the Philadelphia Congressional District of Rep. Robert Brady is the 10th poorest in the country with 28% of residents below the poverty line. I just find it astonishing how there is such concentrated "super wealth" in cities across the US, most notably NYC yet some neighborhoods are neglected for decades.
It also may reflect what the super rich make in different industries that are centered on different metro areas.
NYC has Wall Street plus media/entertainment
LA has media/entertainment
San Fran is probably technology
Chicago is finance (but less "high rolling" and risky than Wall Street)
DC is federal government
Houston and Dallas are corporate headquarters especially energy, etc.
So, we can maybe draw some conclusions that there are more super rich Wall Street and entertainers/media people, than super rich government.
Finance, entertainment/media, and technology has more super rich than federal government.
And as much as people talk about CEOs, especially oil/energy are rolling in the dough at our expense, they are not quite as "super rich as one might think"
Granted you have to take into account population of cities. Thats why there is a big drop off between Dallas/Houston and Atlanta. Atlanta has a much smaller city proper than the other two.
And then you have place like metro Detroit (not on the list of cities) but is on the list of top ten metro areas with most millionaires (there all the money is in the suburbs).
Interesting to see the big dropoff (percentage wise) between Dallas and Atlanta. I'm a little surprised Boston is that low.
It would be cool to see the next ten or fifteen cities.
Who's most notably missing? Miami, Philly probably..
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