CALIFORNIA BUSINESS MINUTE
California #1
02-10-11
Hi, I am Tim Johnson and welcome to the California Business Minute.
More than half of the nearly 55,000 ultra high-net-worth individuals (those
exceeding $30 million) in the U.S. live in just five states, according to the
latest research by the investment research firm Wealth-X.
TOP STATES FOR THE ULTRA WEALTHY
1. California
2. New York
3. Texas
4. Illinois
5. Florida
California has some 9,800 ultra high-net-worth (UHNW) residents. The Golden State
is followed by New York with an estimated 7,300 ultra wealthy individuals and Texas
with an upward of 5,200 ultra wealthy individuals. These ranking should comes as
no surprise, for these 5 states make up nearly 50 percent of the nation’s Gross
Domestic Product, (GDP)
The next six states by rank are Michigan, Pennsylvania, Ohio, Wisconsin, Connecticut
and New Jersey. These 11 states account for more than 65% of the U.S. UHNW population,
Wealth-X said in a press statement.
According to Wealth-X, only three states have fewer than 100 UHNW individuals: Alaska,
Delaware and North Dakota.
The Wealth-X research team collects and analyzes information about UNHW individuals,
including their wealth, income, passions, philanthropic interest, affiliations,
politics, advisors, families and biographies.
I am Tim Johnson and this has been the California Business Minute.
|
