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This study didnt release data for every city, just the cities in the Top 20 for Millionaires and Top 20 for Millionaire growth year-over-year.
So 7 North American cities made the Top 20 and 4 North American Cities are among the 20-fastest growing as far as millionaires.
High Net Worth Individuals, $1M+
1-New York 345,600
2-San Francisco 276,400
3-Los Angeles 192,400
4-Chicago 160,100
5-Houston 132,600
6-Toronto 116,100
7-Dallas 92,300
4 North American Cities Among 20 Fastest Growing in the World: Miami 43,500
Austin 15,800
Greenwich 11,800
West Palm Beach 9,100
Multi-Millionaires, Worth $10M+
1-New York 15,470
2-San Francisco 12,890
3-Los Angeles 8,590
4-Chicago 7,400
5-Houston 6,590
6-Dallas 4,340
7-Toronto 4,160
Miami 2,350
Greenwich 1,290
Austin 630
West Palm Beach 530
Centi-Millionaires, Worth $100M+
1-New York 737
2-San Francisco 623
3-Los Angeles 393
4-Chicago 340
5-Houston 314
6-Dallas 211
7-Toronto 187
Miami 164
Greenwich 111
Austin 82
West Palm Beach 58
Billionaires
1-San Francisco 62
2-New York 59
3-Los Angeles 34
4-Chicago 28
5-Houston 25
6-Dallas 18
7-Toronto 17
Austin 11
Miami 9
Greenwich 8
West Palm Beach 5
2021-2022
Annual Growth in
High Net Worth Population:
Austin +14%
Houston +6%
West Palm Beach +6%
Greenwich +5%
Miami +5%
San Francisco +4%
Dallas +3%
Toronto -2%
Chicago -4%
Los Angeles -6%
New York -12%
Greenwich has always been elite. Nothing new here and has little to no bearing on NYC. They're both heavyweights.
I'm aware of that. But Covid has certainly introduced some relocation trends, and Greenwich seems like an obvious easy relocation for some of the NYC elite.
I'm aware of that. But Covid has certainly introduced some relocation trends, and Greenwich seems like an obvious easy relocation for some of the NYC elite.
A lot of IB MD's and Hedge Fund people naturally migrate (either for work or to live or both) to that ultra-wealthy part of Fairfield County to begin with so regardless of any Covid trends I don't think it's going to steal NYC's finance cheese either way. It's an interesting observation but these 2 areas already thrive off each other in the financial services space anyway and I don't really think Covid moved the needle that much in either's favor besides that segment of the population fleeing the city for the rich burbs, etc.
Every US city would be much higher if they actually did this by MSA.
I think those two in particular moreso. Miami is tiny, but is surrounded by places like Miami Beach, and the metro is lined up for what, 90 miles of beachside millionaire neighborhoods...
On the other hand, you look at a place like Houston, and most of the wealth is IN the city of Houston, which has a very large city limit.
MSA vs MSA, I have a feeling that Miami would rank MUCH higher than it does here, as for studies such as this one, it is at a major disadvantage due to city limit sizes.
Also for what it's worth... Palm Beach alone (Not WEST Palm Beach) has 11 billionaires as of its last study.
Last edited by Arcenal813; 09-14-2022 at 02:23 PM..
Is this for the city proper's cause it says San Francisco Bay Area?
Edit NVM I found the cities
City definitions
Geneva
Includes the Canton of Geneva
Los Angeles & Malibu
Includes the city of Los Angeles, Beverly Hills, Laguna Beach, Malibu, and Newport Beach
Miami
Miami includes Miami (city) and Miami Beach (island)
Paris
Includes the city of Paris and Hauts-de-Seine
San Francisco Bay Area
Includes the city of San Francisco and Silicon Valley
Zurich
Includes the Canton of Zurich
Last edited by tam770; 09-14-2022 at 02:27 PM..
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