Where can you expect to find the most high-net-worth prospects? In 2015, all over the U.S. map.
According to the 2014 United States Wealth Report from Capgemini and RBC Wealth Management, the United States high-net-worth population and wealth have grown by 17 percent and 18 percent respectively. The report also observes that "a new pattern of wealth creation in the U.S. appears to have emerged over the five years from 2008 to 2013," with more wealth concentrated in the South and in the West. Three of the four fastest-growing cities are Dallas, Houston and San Jose.
Continue reading to view the 12 cities with the highest concentration of HNW individuals. (Or click here to view the whole map.)
Research was based on number of residents with at least $1 million in investible assets in 2013 (not counting a primary residence, collectibles, consumables, and consumer durables) All of the images are by Don Ruth Illustration.
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12. Seattle
88,000 high-net-worth individuals (HNWI), totaling $307 billion
HNW population grew 16.9%
HNW wealth grew 18.1%
11. Detroit
108,000 HNWI, totaling $431 billion
HNW population grew 11.4%
HNW wealth grew 15.0%
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10. Dallas
113,000 HNWI, totaling $457 billion
HNW population grew 20.0%*
HNW wealth grew 23.8%*
* Had the highest amount of growth
9. San Jose
122,000 HNWI, totaling $449 billion
HNW population grew 14.3%
HNW wealth grew 17.9%
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8. Houston
131,000 HNWI, totaling $496 billion
HNW population grew 18.0%
HNW wealth grew 21.7%
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7. Philadelphia
136,000 HNWI, totaling $550 billion
HNW population grew 14.7%
HNW wealth grew 18.4%
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6. Boston
148,000 HNWI, totaling $558 billion
HNW population grew 17.8%
HNW wealth grew 21.6%
5. San Francisco
199,000 HNWI, totaling $707 billion
HNW population grew 14.0%
HNW wealth grew 17.7%
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4. Washington D.C.
221,000 HNWI, totaling $886 billion
HNW population grew 15.6%
HNW wealth grew 19.3%
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3. Chicago
264,000 HNWI, totaling $1.1 trillion
HNWI population grew 12.6%
HNWI wealth grew 16.2%
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2. Los Angeles
330,000 HNWI, totaling $1.2 trillion
HNW population grew 14.4%
HNW wealth grew 18.0%
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1. New York City
894,000 HNWI, totaling $3.2 trillion
HNW population grew 12.2%
HNW wealth grew 15.8%
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