10 Global Cities Where Super-Rich Resides

By siliconindia | Wednesday, 12 February 2014, 13:19 Hrs

Los Angeles

Despite of slow employment growth, the population of millionaires in Los Angeles has increased in over the last few years. In California, Los Angeles is the heavily populated city and considered as the second most populous in the entire country. It is a main center for business, international trade, culture and entertainment, media, fashion, sports, science and technology and education. It is also known as the “home of Hollywood” as it is a leading center in the world for movie and television productions, video games and recorded music. Few noteworthy industries like aerospace, petroleum and tourism are present in this city to attract most of the millionaires. Thus the total number of millionaires here is around 159,800.

San Francisco

Being a famous tourist destination and an expensive city, San Francisco is also in this list. The city is a leading financial and cultural center in California. This is why despite of high unemployment rates, people in San Francisco managed to survive during recession. It is a center for start-up companies with 85 percent of the small businesses established in the city. It is also a leading biotechnological and biomedical hub with a lot of prominent Internet companies having their base in San Francisco. The total number of millionaire population in this city is about 112,700.