According to the new Metro Wealth Index (created by consulting firm Capgemini), the New York Metropolitan area had 650,000 "high-net worth individuals", or people with $1 million or more in investible assets in 2009. That is almost 20% higher than the prior year, and helped the city top other cities in metro wealth (actually higher than the combined total of the next three wealthiest cities). All cities in the top 10 had strong growth, but Houston posted the the fastest growth, over 28%.
Here are the number of millionaires and growth:
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%
The index also showed that finance, technology and oil remain the main sources of wealth in the U.S., and while New York, D.C., Houston and San Jose are now above 2007 levels, the rest are still below the 2007 apex
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