This U.S. city has the highest share of superrich residents in the world
If you’re hoping to mingle with multimillionaires this summer, you can skip the Hamptons and Lake Como.
Where you’re most likely to bump into an “ultra-high-net-worth” person, someone who’s worth more than $30 million, is San Jose, Calif., according to the latest Wealth-X World Ultra Wealth Report.
San Jose, some 90 minutes by commuter rail south of San Francisco, tops the list of cities around the globe with the highest concentrations of ultrawealthy residents. One in every 727 people in San Jose, the de facto capital of Silicon Valley, is a member of this elite club.
Cities with the highest density of ultrawealthy people tend to be moderately-sized towns where technology or financial services dominate, according to Wealth-X. San Jose is home to such well-known companies as Cisco Systems CSCO, -1.79%, Hewlett-Packard HPE, -2.41%, Adobe ADBE, 0.67% and PayPal PYPL, 0.63%. Its population was just over 1 million in 2020, making it California’s third biggest city after Los Angeles and San Diego.
https://www.marketwatch.com/story/this-u-s-city-has-the-highest-share-of-superrich-residents-in-the-world-its-not-san-francisco-new-york-or-seattle-11625247163?mod=home-page
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