Tuesday, June 24, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home Business

What Are the Richest Cities in the US? New Report

26 March 2024
in Business
0 0
What Are the Richest Cities in the US? New Report
Share on FacebookShare on Twitter


About 5.5 million high-net-worth people call the U.S. home — and they represent 37% of the world’s millionaires.

A 2024 USA Wealth Report, published by global wealth advisory firm Henley & Partners in partnership with New World Wealth, establishes exactly where money is concentrated in America by ranking the country’s wealthiest cities. The report breaks down the number of millionaires, centi-millionaires (who make over $100 million), and billionaires in those wealth hubs.

The number of millionaires in the U.S. rose by 62% over the past 10 years, according to the report.

Some of the usual suspects (New York, Los Angeles) topped the list, but there were some surprises. For example, Austin, Texas, which came in at No. 10, had the highest rate of millionaire growth from 2013 to 2023, at 110%. And although the Bay Area didn’t take the top spot, it has the most billionaires.

Related: Battling Burnout? People Who Live in This U.S. State Have the Best Life-Work Balance.

Here are the top 10 wealthiest cities in America.

1. New York City

Credit: Getty Images

Millionaires: 349,500

Centi-millionaires: 744

Billionaires: 60

Millionaire growth % from 2013 to 2023: 48%

2. Bay Area

Millionaires: 305,700

Centi-millionaires: 675

Billionaires: 68

Millionaire growth % from 2013 to 2023: 82%

3. Los Angeles

Credit: Getty Images

Millionaires: 212,100

Centi-millionaires: 496

Billionaires: 43

Millionaire growth % from 2013 to 2023: 45%

4. Chicago

Millionaires: 120,500

Centi-millionaires: 290

Billionaires: 24

Millionaire growth % from 2013 to 2023: 22%

5. Houston

Millionaires: 90,900

Centi-millionaires: 258

Billionaires: 18

Millionaire growth % from 2013 to 2023: 70%

6. Dallas

Millionaires: 68,600

Centi-millionaires: 125

Billionaires: 15

Millionaire growth % from 2013 to 2023: 75%

7. Seattle

Credit: Getty Images

Millionaires: 54,200

Centi-millionaires: 130

Billionaires: 11

Millionaire growth % from 2013 to 2023: 72%

8. Boston

Millionaires: 42,900

Centi-millionaires: 107

Billionaires: 8

Millionaire growth % from 2013 to 2023: 55%

9. Miami

Millionaires: 35,300

Centi-millionaires: 164

Billionaires: 15

Millionaire growth % from 2013 to 2023: 78%

10. Austin

Credit: Getty Images

Millionaires: 32,700

Centi-millionaires: 92

Billionaires: 10

Millionaire growth % from 2013 to 2023: 110%



Source link

Loading spinner
Tags: citiesreportRichest
Previous Post

Forget China, our own spooks helped the US hack us!

Next Post

Israel Presses On With Strikes in Gaza After U.N. Cease-Fire Resolution

Related Posts

Billionaire David Tepper Sold 97% of Appaloosa's Nvidia Stake and His Entire Position in AMD in Favor of This Trillion-Dollar Artificial Intelligence (AI) Stock
Business

Billionaire David Tepper Sold 97% of Appaloosa's Nvidia Stake and His Entire Position in AMD in Favor of This Trillion-Dollar Artificial Intelligence (AI) Stock

by My News Wave
24 June 2025
0

The rise of the internet over 30 years ago marked a significant growth opportunity for corporate America, and investors are now anticipating a similar transformation with the evolution of artificial intelligence (AI). Companies are investing heavily in AI technologies, with PwC estimating a 26% increase in global GDP by 2030 as a result of AI advancements. Explain It To Me Like I'm 5: Big companies are excited about new technology called artificial intelligence, which can...

Read more
10 Reasons to Buy and Hold This Artificial Intelligence (AI) Stock Forever
Business

10 Reasons to Buy and Hold This Artificial Intelligence (AI) Stock Forever

by My News Wave
23 June 2025
0

AI is currently a hot topic among investors, with companies like Nvidia and Palantir Technologies posting remarkable gains of 816% and 1,600%, respectively, over the past three years. Although Amazon (NASDAQ: AMZN) has only doubled in that time, it remains a strong investment opportunity due to its diverse growth potential beyond AI, with ten compelling reasons to buy and hold its stock long-term. Explain It To Me Like I'm 5: Amazon is a big company...

Read more
KB Home Boosts Buybacks Cuts Land Spend
Business

KB Home Boosts Buybacks Cuts Land Spend

by My News Wave
23 June 2025
0

KB Home (NYSE:KBH) reported Q2 2025 revenues of $1.5 billion and a diluted EPS of $1.50, with adjusted gross margins of 19.7%, surpassing guidance. The company lowered its full-year revenue forecast to $6.3-$6.5 billion and emphasized shareholder returns, having returned nearly $290 million in cash, including $250 million in share repurchases, prioritizing capital returns amid challenging demand trends. Explain It To Me Like I'm 5:KB Home made a lot of money in the second part...

Read more
Better Artificial Intelligence Stock: BigBear.ai vs. C3.ai
Business

Better Artificial Intelligence Stock: BigBear.ai vs. C3.ai

by My News Wave
23 June 2025
0

Nations are rapidly adopting artificial intelligence (AI), with Nvidia CEO Jensen Huang emphasizing its importance as essential infrastructure. The U.S. aims to lead globally in AI, supported by companies like BigBear.ai and C3.ai, both of which provide AI solutions to the military, prompting an assessment of which stock offers the best long-term investment potential. Explain It To Me Like I'm 5: Countries are using smart computer programs called AI to help them, just like we...

Read more
Why Mobileye Stock Skyrocketed Today
Business

Why Mobileye Stock Skyrocketed Today

by My News Wave
23 June 2025
0

Mobileye (NASDAQ: MBLY) saw its stock rise 11.6% on Monday due to geopolitical tensions easing after Iran's missile strikes suggested military de-escalation, coupled with Federal Reserve comments hinting at possible interest rate cuts next month. This surge occurred alongside a 0.9% gain in both the S&P 500 and Nasdaq Composite indices. Explain It To Me Like I'm 5: Mobileye's stock went up a lot because some scary things in the world seemed less scary, and...

Read more
Why Wolfspeed Plunged Today
Business

Why Wolfspeed Plunged Today

by My News Wave
23 June 2025
0

Shares of Wolfspeed (NYSE: WOLF), a silicon carbide chip manufacturer, saw a significant drop of 34.4% following the announcement of its plans to file for Chapter 11 bankruptcy to restructure its substantial debt. This decision follows earlier funding challenges due to the government not providing an anticipated CHIPS Act subsidy, though it seems equity holders may still retain some value in the company. Explain It To Me Like I'm 5: Wolfspeed, a company that makes...

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Cal Raleigh should be the MVP favorite in the American League
  • How much have US wars in the Middle East and Afghanistan cost? | Israel-Iran conflict News
  • Luigi Mangione’s cellmate reveals life locked up with notorious ‘hot CEO killer’
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In