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Where the Ultra Wealthy Live

5/15/2017
USA
ULTRA HIGH NET WORTH
INDIVIDUALS
US $1 BILLION+
571
US $750-999 MIL
350
US $500-749 MIL
1,110
US $250-499 MIL
2,135
US $200-249 MIL
3,940
US $100-199 MIL
5,285
US $50-99 MIL
21,380
US $30-49 MIL
34,789
Total Population 69,560
California Still the Golden State
A new report compiled by Wealth-X called “American Ultra Wealth Ranking 2014-2015,” has some eye-opening statistics regarding wealth in America. Wealth-X is a company that carries out research and consulting regarding the luxury market and ultra wealthy individuals across the globe.
The report begins with “The United States of America has the world’s largest ultra high net worth population and more ultra high net worth wealth than any other country in the world. The US is also home to the largest population of billionaires in the world.”
Here are the numbers for the US in the 2014-2015 report. Ultra High Net Worth or Ultra Wealth is defined as at least $30 million of net worth.
A Look at the Top States
With the country increasing the Ultra Wealth individuals by 6.2% over the prior year, no state saw a decrease in the Ultra Wealth population. When examining the distribution of the Ultra Wealth individuals in the states, the report noted that:

California is still the Golden State with more Ultra Wealth individuals (13,445) than any other state. New York comes in second with 9,530 individuals. Also, these two states added the most Ultra Wealth individuals in the last year: California added 885 and New York added 585. New York City was the top ranked city with 8,655 Ultra Wealth individuals – highest ranked city in the US and the world.

Ultra Wealth individuals: 69,560
(up 6.2% over prior year)

Ultra Wealth Total Wealth: $9,630
billion (up 6% over prior year)

•Billionaire individuals: 571
(up 10.9% over prior year)

Top 30 US Cities with
Ultra WealthY
individuals
1 New York 8,655 2 San Francisco 5,460 3 Los Angeles 5,135 4 Chicago 2,885 5 Washington, D.C. 2,730 6 Houston 2,545 7 Dallas - Fort Worth 2,330 8 Atlanta 1,230 9 Seattle 1,095 10 San Diego 1,090 11 Miami 1,085 11 Detroit 1,085 13 Boston 1,040 14 Minneapolis 990 15 Denver 850 16 Philadelphia 695 17 Milwaukee 685 18 Orlando, Fla. 640 19 Indianapolis 615 20 Kansas City 610 21 Austin 580 21 Tampa 580 23 Sacramento 550 24 Nashville 490 25 Cleveland 480 25 Fresno 480 27 Phoenix 475 27 St. Louis 475 29 Palm Beach 455 30 Charlotte, N.C. 440 Total 46,455
Top Cities in California
California’s Ultra Wealth population grew 7% over the last year with five cities making the Top 30 US cities including San Francisco (#2), Los Angeles (#3), San Diego (#10), Sacramento (#23) and Fresno (#25). In contrast, New York State had only one city, NYC, to make the list.

Of the five California cities ranked in the top 30 cities, San Francisco and Los Angeles have 79% of the Ultra Wealth individuals in the state. San Francisco ranked #2 had 5,460 Ultra Wealth individuals and is known for its technology sector. Los Angeles ranked #3 had 5,135 Ultra Wealth individuals and is known for its entertainment industries.

“California is still the Golden State with more Ultra Wealth individuals (13,445) than any other state.”
San Diego had 1,090 Ultra Wealth individuals. The report noted that at #10 the city of San Diego increased the Ultra Wealth population by almost 15% over last year, attributing the growth to the technology and biotechnology sectors.

As befitting these top-ranked California cities, many fabulous properties are currently on the market. The properties listed on these pages should appeal to Ultra Wealth individuals whether they reside locally or in locations across the world. Not all the properties are reserved for the Ultra Wealth individuals — others may certainly qualify! With the beaches, weather and beauty the top-ranked California cities will continue to appeal to buyers.


2014 ULTRA WEALTHY BY STATE POPULATION
CALIFORNIA
13,445

NEW YORK
9,530

TEXAS
6,475

FLORIDA
4,650

ILLINOIS
2,860

MICHIGAN
2,125

PENNSYLVANIA
1,620

OHIO
1,505

MASSACHUSETTS
1,410

WISCONSIN
1,400

CONNECTICUT
1,365

MARYLAND
1,365

VIRGINIA
1,310

MINNESOTA
1,285

NEW JERSEY
1,280

WASHINGTON
1,240

NORTH CAROLINA
1,195

GEORGIA
1,315

TENNESSEE
1,145

COLORADO
1,140

INDIANA
1,105

ARIZONA
1,030

OKLAHOMA
935

MISSOURI
825

ARKANSAS
595

KANSAS
575

NEVADA
560

DIST. OF COLUMBIA
540

OREGON
435

LOUISIANA
420

KENTUCKY
415

ALABAMA
410

SOUTH CAROLINA
385

MONTANA
380

WYOMING
350

NEBRASKA
315

MISSISSIPPI
310

RHODE ISLAND
285

UTAH
250

IOWA
225

WEST VIRGINIA
220

HAWAII
215

IDAHO
205

NEW HAMPSHIRE
195

SOUTH DAKOTA
170

NEW MEXICO
135

VERMONT
130

MAINE
95

NORTH DAKOTA
80

DELAWARE
60

ALASKA
50

TOTAL POPULATION
69,560



Print Date: 7/20/2018
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