Where do rich americans live?

Rich Americans primarily live in major coastal cities and tech hubs like New York, Los Angeles, San Francisco, Miami, and Seattle, as well as Sun Belt states like Florida, Texas, and California, often congregating in wealthy enclaves such as Silicon Valley suburbs, Greenwich (CT), Palm Beach (FL), and the Hamptons (NY). These areas offer economic opportunity, desirable lifestyles (beaches, mountains), and favorable tax environments, with states like Florida attracting many high-earners, notes CNBC.

Where do extremely rich people live?

Here are the report's top 10 cities with the highest populations of ultra-wealthy people:

• New York. Number of ultra-wealthy people: 21,380. ...
• Hong Kong. Number of ultra-wealthy people: 17,215. ...
• Los Angeles. Number of ultra-wealthy people: 11,680. ...
• San Francisco. Number of ultra-wealthy people: 8,270. ...
• Chicago. ...
• Tokyo. ...
• London. ...
• Dallas.

Which is the richest area in America?

List of Top 10 Richest Persons in the World

• Elon Musk. Net Worth (as on 10 December 2025): $491B. ...
• Larry Ellison. Net Worth (as on 10 December 2025): $274.5B. ...
• Larry Page. Net Worth (as on 10 December 2025): $260.1B. ...
• Sergey Brin. ...
• Jeff Bezos. ...
• Mark Zuckerberg. ...
• Bernard Arnault and Family. ...
• Jensen Huang.

Where is the safest place for millionaires to live?

The United Arab Emirates, particularly Dubai and Abu Dhabi, has emerged as one of the most popular destinations for millionaire migration. The UAE's cities rank among the world's safest—street crime is remarkably rare, with homicide rates comparable to Singapore (about 0.5 per 100,000).

Who owns 90% of America's wealth?

The top 10% own 87.2%, and the bottom half owned 1.1%. Corporate equities and real estate facilitated the accumulation of wealth for baby boomers. In 2024, the Silent Generation and baby boomers represented 25% of the population, but held 65% of all wealth in the US.

Where America’s Richest People Live 2024

How many Americans have $2 million in the bank?

Only about 1.8% of U.S. households have $2 million or more in retirement savings, a figure from the Employee Benefit Research Institute (EBRI) using Federal Reserve data (2022 Survey of Consumer Finances). This places them in a very small minority, with even fewer (0.8%) reaching $3 million in retirement funds, highlighting that significant wealth accumulation for retirement is rare for most Americans. 

Who will be the 1st trillionaire?

While no one is a trillionaire yet, Elon Musk is widely projected to be the first, potentially by 2027, driven by his stakes in Tesla, SpaceX, and X, with some forecasts suggesting SpaceX's potential IPO could significantly accelerate this. Jeff Bezos and Jensen Huang (Nvidia) are also in contention, but Musk's diverse and rapidly growing ventures place him at the forefront, with a major Tesla pay package potentially adding to his net worth, notes PBS News and Yahoo Finance.
 

Where do millionaires keep their money if banks only insure $250k?

Millionaires keep their money safe beyond the $250k FDIC limit by using techniques like spreading funds across multiple banks, utilizing IntraFi Network Deposits (which automatically distribute funds to partner banks), opening accounts at private banks with concierge services, or investing in assets like stocks, real estate, and Treasury bills, where wealth isn't held solely in insured bank deposits. Many also use cash management accounts that sweep excess funds into multiple insured banks or utilize specialized accounts for higher coverage. 

Where are rich Americans moving to?

Europe remains a primary destination for wealthy Americans, with residence programs in Greece, Italy, Latvia, Malta, Portugal and Switzerland offering lifestyle and business advantages. Americans are also pursuing citizenships in the Caribbean, Nauru, and Turkey.

What percentage of Americans have a net worth of $1,000,000?

It's often viewed as a marker of financial success. According to 2023 estimates from the Credit Suisse Global Wealth Report and other sources, approximately 23.7 million U.S. households, or about 18.04% of all households, have a net worth of $1 million or more.

Where does Elon Musk live?

Elon Musk primarily lives in Texas, near his SpaceX facilities in the Austin area and South Texas, having sold most of his other properties, though he famously lived in a small, modular home for a time, embracing a less extravagant lifestyle. While he's known for unconventional living arrangements, his focus has shifted to Texas for both business and personal life, away from his previous California base. 

Is Taylor Swift or Kim Kardashian richer?

As of late 2025 reports, Kim Kardashian is generally considered richer than Taylor Swift, with Forbes valuing Kardashian around $1.7-$1.9 billion primarily from her SKIMS business, slightly ahead of Swift's $1.6 billion, largely from her music empire and Eras Tour. While Taylor Swift is the wealthiest female musician, Kim's successful ventures like SKIMS and SKKN By Kim have propelled her net worth past Swift's, making her richer overall, say Yahoo, Fox News, and 93.3 The Beat. 

Who is the richest girl?

The richest girl (woman) in the world is typically Alice Walton, daughter of Walmart founder Sam Walton, with a net worth often exceeding $100 billion, followed closely by French heiress Françoise Bettencourt Meyers (L'Oréal) and American heiress Julia Koch (Koch Industries), though rankings shift with market changes. Alice Walton inherits her wealth from the retail giant, while Bettencourt Meyers and Koch's fortunes come from cosmetics and industrial manufacturing, respectively. 

What do 90% of millionaires do?

The famed wealthy entrepreneur Andrew Carnegie famously said more than a century ago, “Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined.

What is considered ultra wealthy?

Being considered "ultra-wealthy," or an Ultra-High-Net-Worth Individual (UHNWI), generally means having a net worth of $30 million or more in investable assets, though some financial experts suggest $100 million is the new benchmark, with wealth managed across complex assets like real estate, private equity, and art, and focusing on legacy planning and philanthropy. 

What city is full of billionaires?

Billionaire cities are major global urban centers where the wealthiest individuals reside, with New York City consistently leading as the top city with the most billionaires, followed by major financial hubs like London, Hong Kong, Beijing, and Mumbai, according to reports from Forbes and Hurun Research Institute in 2025. These cities attract the super-rich due to strong financial sectors, real estate, corporate presence, and significant wealth concentration, though some Chinese cities have seen recent declines due to economic shifts.
 

Are wealthy Americans leaving the US?

High-net-worth individuals are increasingly exploring options for leaving the United States as part of a wider strategy related to global mobility, tax exposure management, and long-term family planning.

Can you deposit $100 million in a bank?

DDA/MMDA allows you to place funds into demand deposit and/or money market deposit accounts. You can deposit up to $100 million for each account type. With this option, you may receive expanded insurance protection and still have the flexibility to access your funds when you need them.

What bank does Jeff Bezos use?

While Jeff Bezos's personal bank isn't publicly disclosed, ultra-high-net-worth individuals like him typically use private wealth management divisions of major banks, such as J.P Morgan Private Bank, Goldman Sachs Private Wealth Management, or Citi Private Bank, for comprehensive financial management, rather than a standard retail bank, managing his vast wealth primarily through Amazon stock, Blue Origin, and Bezos Expeditions.
 

What is the 70% money rule?

The 70-20-10 Rule is a simple budgeting framework. This framework divides your income into three areas: 70% for necessary expenditures, 20% for savings and investments including essential security measures like life insurance, and 10% for debt repayment or addressing financial goals.

Who is actually the richest person in the world?

As of early January 2026, Elon Musk is widely considered the richest person in the world, consistently topping lists from Forbes and Bloomberg, with net worth estimates around $600 billion or more, primarily from Tesla and SpaceX, followed closely by tech leaders like Larry Page (Google/Alphabet) and Jeff Bezos (Amazon). Wealth fluctuates, but Musk has maintained the top spot due to significant gains in AI and tech stocks.
 

How rich would Rockefeller be today?

John D. Rockefeller's wealth, if alive today, varies significantly by calculation, ranging from roughly $30-$50 billion (inflation-adjusted) to over $400-$600 billion (economic share), with some estimates placing him as the wealthiest person ever, controlling a larger slice of the U.S. economy (around 1.5%) than even Jeff Bezos or Elon Musk, whose fortunes are massive but represent a smaller national share, according to sources from Britannica, Guinness World Records, Bloomberg, and Business Insider. 

Who will be the richest person in 2025?

As of late 2025 and early 2026, Elon Musk consistently ranks as the world's richest person, with his net worth fluctuating but often exceeding $600-$700 billion, driven by Tesla and SpaceX, with significant bumps from reinstated Tesla pay packages and booming AI, placing him well ahead of others like Jeff Bezos, Mark Zuckerberg, and Larry Ellison. While forecasts for 2025 were generally correct, his wealth saw substantial gains from a reinstated Tesla pay package, potentially making him the first trillionaire, according to some reports.