Cities ranked by ultra high net worth population and growth

[dimondpark]

Originally Posted by YSL

Forbes only ranks working, doesn't it?

Right and there are at least 20 Bay Area billionaires left out of Forbes' ranking because they are 'retired' and this is also not a surprise because SF has a much larger and longer history of multigenerational wealth.

No matter how you slice it, SF-SJ has more billionaires-LA obviously has more out-of-towner homeowners who dont really live there full time but are lured by LAs charms(understandably)

But I digress as I await a reply from the authors of the ranking this thread is based on.

[dimondpark]

Originally Posted by Ragnar

If you're going to combine MSA's for the Bay Area, shouldn't you add Riverside MSA to LA? (not that I expect the needle to move all that much by adding the IE).

The only reason I specifically did the LA MSA and the SF-SJ MSAs is because I noticed a discrepency in the first post. Usually the combined SF-SJ MSAs has a higher sheer number of high income/high net worth individuals/ households than the LA MSA, despite LA having twice as many people.

But per your request, I added the Riverside MSA:

Population 2014
Los Angeles-Riverside MSAs 17 Million
San Francisco-San Jose MSAs 6 Million

2014 Number of Individual & Joint Tax Returns Reporting Annual Income, $1 Million+
Los Angeles-Riverside MSAs 21,705
San Francisco-San Jose MSAs 21,232

2014 Number of Individual & Joint Tax Returns Reporting Annual Income, $500,000+
San Francisco-San Jose MSAs 61,211
Los Angeles MSA 59,803

2014 Number of Individual & Joint Tax Returns Reporting Annual Income, $400,000+
San Francisco-San Jose MSAs 89,970
Los Angeles MSA 82,741

2014 Number of Individual & Joint Tax Returns Reporting Annual Income, $300,000+
San Francisco-San Jose MSAs 150,763
Los Angeles-Riverside MSAs 135,918

[Jonesy55]

All this dick-measuring over where has the most insanely rich individuals just seems pointless to me. Does it really make your city a better place to live for 99.9% of residents if you have 1,500 rather than 900 super-rich people on the list?

[Steely Dan]

Originally Posted by Jonesy55

All this dick-measuring over where has the most insanely rich individuals just seems pointless to me. Does it really make your city a better place to live for 99.9% of residents if you have 1,500 rather than 900 super-rich people on the list?

but what are we supposed to measure if we don't measure our dicks?

measurers gonna measure.

[the urban politician]

Originally Posted by Jonesy55

All this dick-measuring over where has the most insanely rich individuals just seems pointless to me. Does it really make your city a better place to live for 99.9% of residents if you have 1,500 rather than 900 super-rich people on the list?

THe dick measuring in this forum has gotten worse over the years, especially for a forum full of liberals who are supposed to care about progressive ideas and human rights, but really just care about rich people (ahem.....the modern Democrats....cough cough....)

[Crawford]

Originally Posted by YSL

Someone worth $30 million pre-Brexit is only worth $22 or so million, so clearly, that has a huge impact on the numbers. Too much of London's wealth has been via GPB currency.

There is no Brexit yet. The data is from 2016.

Do you think it's reasonable that London, which has one of the most robust economies in Europe, lost 15% of it's HNW households in only 12 months, when Europe overall (which is mostly on the Euro, which has also declined) was flat?

I think London will take a major body blow from Brexit, and even I wouldn't guess YOY declines of 15%. That would mean London would lose all wealth in 6-7 years, which sounds like WW2-era Berlin numbers.

[Omaharocks]

Yeah, there's been an increasing preponderance of threads related to "high net worth individuals" in recent years, and the general quality of content has followed a downward trend.

Frankly, maybe after 15 years of contributing every now and then, my interests in the less celebrated (and less rich) places may be drifting further and further from the forums'. But I also think we need more moderation of the few personalities that propagate every thread and seem really, really invested in this kind of stuff...

[the urban politician]

^ Do you not realize that you can lose millionaire households without a single person leaving? Simple concept.

Comprehend.

[mhays]

Originally Posted by Crawford

There is no Brexit yet. The data is from 2016.

Do you think it's reasonable that London, which has one of the most robust economies in Europe, lost 15% of it's HNW households in only 12 months, when Europe overall (which is mostly on the Euro, which has also declined) was flat?

I think London will take a major body blow from Brexit, and even I wouldn't guess YOY declines of 15%. That would mean London would lose all wealth in 6-7 years, which sounds like WW2-era Berlin numbers.

One year's numbers don't suggest another year's numbers!

There will be a big effect but going to zero would be absurd.

[the urban politician]

Originally Posted by Omaharocks

Yeah, there's been an increasing preponderance of threads related to "high net worth individuals" in recent years, and the general quality of content has followed a downward trend.

Frankly, maybe after 15 years of contributing every now and then, my interests in the less celebrated (and less rich) places may be drifting further and further from the forums'. But I also think we need more moderation of the few personalities that propagate every thread and seem really, really invested in this kind of stuff...

Here here

[Kngkyle]

For all the rhetoric you hear about socialism, Stockholm sure has a high % of HNW people.

[YSL]

Originally Posted by Crawford

There is no Brexit yet. The data is from 2016.

Do you think it's reasonable that London, which has one of the most robust economies in Europe, lost 15% of it's HNW households in only 12 months, when Europe overall (which is mostly on the Euro, which has also declined) was flat?

I think London will take a major body blow from Brexit, and even I wouldn't guess YOY declines of 15%. That would mean London would lose all wealth in 6-7 years, which sounds like WW2-era Berlin numbers.

The immediate impact of Brexit happened in June 2016, after the results of the referendum.

The British Pound dropping 19% is significant and will obviously alter the results of the survey.

[YSL]

Originally Posted by Omaharocks

Yeah, there's been an increasing preponderance of threads related to "high net worth individuals" in recent years, and the general quality of content has followed a downward trend.

Frankly, maybe after 15 years of contributing every now and then, my interests in the less celebrated (and less rich) places may be drifting further and further from the forums'. But I also think we need more moderation of the few personalities that propagate every thread and seem really, really invested in this kind of stuff...

Yea, I know. It must get boring since Omaha is obviously never on lists pertaining to UHNWI. If you don't like it, don't read it. No one forced you to click on this thread, did they? I always skip threads that have no interest to me and that requires absolutely no effort on my part.

I will never understand people who feel like they should what people can and can not read. People are engaging in this discussion so clearly there is interest.

[10023]

Originally Posted by the urban politician

What happened to London?

Brexit vote and subsequent devaluation of the pound.

[the urban politician]

^ Cool, but we're still talking about that?

We should discuss pizza and beer!

I recommend bombarding every childish, dick-measuring thread with discussions about pizza and beer until all the tools who keep starting these threads give up and leave. Get a life, people. If you can't enjoy your city unless it has 750 more HNW people than the other guy, then you don't really enjoy your city as much as you think you do, and there may actually be something up your ass.

I'm trying to do classic Chicago today but I can't decide whether to go Giordano's or Lou's. Any suggestions?

[qDot]

Originally Posted by the urban politician

THe dick measuring in this forum has gotten worse over the years, especially for a forum full of liberals who are supposed to care about progressive ideas and human rights, but really just care about rich people (ahem.....the modern Democrats....cough cough....)

Stop trolling

[the urban politician]

Originally Posted by qDot

Stop trolling

Stop not talking about pizza!

Are you RyanRule?

[10023]

Originally Posted by Jonesy55

All this dick-measuring over where has the most insanely rich individuals just seems pointless to me. Does it really make your city a better place to live for 99.9% of residents if you have 1,500 rather than 900 super-rich people on the list?

Actually, I do think one has bearing on the other.

If people who can choose to live any place on earth choose to live in your city, chances are it's a more interesting, fun, or pleasant place to live generally. The things that attract billionaires to New York or London or Paris are largely the same things that persuade 20-somethings to pay half their incomes to share an apartment with 3 friends. Billionaires don't generally live in Podunk, USA because no one with options would (except Warren Buffett, because that's become part of his personal brand).

[the urban politician]

Originally Posted by 10023

Actually, I do think one has bearing on the other.

If people who can choose to live any place on earth choose to live in your city, chances are it's a more interesting, fun, or pleasant place to live generally. The things that attract billionaires to New York or London or Paris are largely the same things that persuade 20-somethings to pay half their incomes to share an apartment with 3 friends. Billionaires don't generally live in Podunk, USA because no one with options would (except Warren Buffett, because that's become part of his personal brand).

While this is true comparing extremes like podunk to London, it becomes less relevant when comparing cities that already have plenty of wealth.

And in the end we can come up with whatever excuses we want, but we all know it's just about pride and dick measuring.

[dimondpark]

Originally Posted by the urban politician

While this is true comparing extremes like podunk to London, it becomes less relevant when comparing cities that already have plenty of wealth.

And in the end we can come up with whatever excuses we want, but we all know it's just about pride and dick measuring.

We really should get out of the habit of reading people's minds and presuming to know what their motives are.

I often wonder what the point is of scolding others for posting about things theyre geeky about.