The Lux List / Billionaires

New York Has the Most Millionaires

New York had 667,200 millionaires in 2009, a whopping 18.7% increase from the year before, according to a study released by the consulting firm Capgemini. The French consulting firm, calculated the number of individuals with a net worth of over $1 million, excluding real estate, in the 10 largest metropolitan areas in the United States. […]

Aug 05, 2010 | By Anakin

New York had 667,200 millionaires in 2009, a whopping 18.7% increase from the year before, according to a study released by the consulting firm Capgemini.

The French consulting firm, calculated the number of individuals with a net worth of over $1 million, excluding real estate, in the 10 largest metropolitan areas in the United States.

The results provide further indication that the nation’s wealthy have recovered more swiftly than the nation’s less-well-off.

In the 10 cities in the study, the number of millionaires grew by 17.5% in 2009, a year when the national unemployment rate increased from 5.8% to 9.3%.

Most of the gains for the rich are attributed to the climb in the stock markets.

New York had more millionaires than the next three cities combined — Los Angeles, Chicago and Washington.

and was one of four cities to see its millionaire ranks bounce back to where they were in 2007, along with Washington, Houston and San Jose.

Source: Latimes.com CapGemini

Here are the tallies of millionaires for the top 10

New York – 667,200, +18.7%
Los Angeles – 235,800, +13.3%
Chicago – 198,100, +15.1%
Washington, D.C. – 152,400 +19.3%
San Francisco – 138,300 +14.5%
Philadelphia – 104,100, +20.1%
Boston – 102,300, + 14.4%
Detroit – 89,100, +12.1%
Houston –- 88,200, +28.9%
San Jose — 86,500, +24.5%

New York


 
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