Forbes List Cities with the Most Millionaires!

Downtown-Houston-Texas
(Houston, Texas)

A few weeks ago, Forbes.com listed the top ten cities with the largest amount of millionaires provided per given city. While New York, NY (#3) and Los Angeles, CA (#2)  were probably expected to come in at number 1, the city of Houston, Texas reigned supreme. Houston, Texas, the 4th largest city in America, is home to a diverse group of people. More so, it is also home to diverse set of major energy corporations such as BP America, Exxon Mobil, and Shell Oil to name a few (energycorridor.org). This has attracted similar energy companies to extend their businesses in the “Lone Star State”. Profitable investments and returns for the city have been a major driving force for not only Houston, but the United States as well. Houston, which is located off of the Gulf of Mexico, has attracted off shore drilling for oil. Along with the major sports teams, stellar restaurants, and vast land available for property investments, many people, have been looking more towards the city of Houston in hopes of making a profitable gain.

Check Out the List Below to See How Some Major Cities Fared:

Source: Capgemini

Houston, TX (1)

New Millionaire Growth YoY: 9.6%
Adult Population: 4,54 million
Number of Millionaires*: 96,7000
Percent of Population: 2.1%
*Individuals with $1 million or more in investable assets

lanight
(Los Angeles, CA)

Los Angeles, CA (2)

New Millionaire Growth YoY: 8.8%
Adult Population: 10.25 million
Number of Millionaires*: 256,500
Percent of Population: 2.5%
*Individuals with $1 million or more in investable assets

New York, NY (3)

New Millionaire Growth YoY: 7.9%
Adult Population: 15.49 million
Number of Millionaires*: 720,000
Percent of Population: 4.6%
* Individuals with $1 million or more in investable assets

Washington, DC (4)

New Millionaire Growth YoY: 7.9%
Adult Population: 4.44 million
Number of Millionaires*: 164,400
Percent of Population: 3.7%
* Individuals with $1 million or more in investable assets

Boston, MA (5)

New Millionaire Growth YoY: 7.3%
Adult Population: 3.79 million
Number of Millionaires*: 109,800
Percent of Population: 2.9%
* Individuals with $1 million or more in investable assets