In its new report on the world’s ultra wealthy, Wealth-X reveals that California has more super-rich residents than any other state. See how your state compares.
California has the distinction of housing more super-rich residents than any other state in the U.S.
It’s home to 13,445 ultra-high net worth residents, defined as people who have $30 million or more in net assets. That’s according to Wealth-X’s newly released Special Report on America’s Ultra Wealthy Population.
When it comes to popular cities for the ultra wealthy, they like to call New York City home. With 9,530 ultra-wealthy residents, NYC has the largest population of ultra-rich of any city, not just in the country, but in the world.
In fact, the U.S. is king when it comes to the super rich. The report says the U.S. has the largest population of ultra-high net worth people in the world.
Other report findings include:
- With 571, the U.S. has the world’s largest number of billionaires.
- Florida added 500 new super-rich residents over the past year, a 10 percent increase since 2013. Wealth-X said the increase is due to “strong growth in the state’s financial and real estate sectors.”
- Texas has more ultra-wealthy people (6,510) than all of Canada.
Click here to see how many ultra-wealthy residents call your state home. My home state of Montana has 380 ultra-high net worth residents, a 7 percent increase from 2013. With an increase of 14.3 percent, North Dakota experienced faster growth in its ultra-rich population in the past year than any other state, though the increase represents just 10 individuals.
Alaska and Hawaii are the only two states that didn’t see an increase in their ultra-rich populations in the past year.
How does your state rank when it comes to the ultra wealthy? Share your thoughts below or on our Facebook page.