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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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The stock market is about to suffer a 'snapback' and will lose much of this year's gains as 'speculation is hitting extreme levels,' BofA warns

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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

3

The stock market is about to suffer a 'snapback' and will lose much of this year's gains as 'speculation is hitting extreme levels,' BofA warns
FinanceWealth

See Which U.S. Cities Have the Biggest Number of Millionaires

By
Nicolas Rapp
Nicolas Rapp
and
Brian O'Keefe
Brian O'Keefe
Down Arrow Button Icon
By
Nicolas Rapp
Nicolas Rapp
and
Brian O'Keefe
Brian O'Keefe
Down Arrow Button Icon
July 26, 2017, 10:00 AM ET
Map shows the number of $5M plus households in the U.S.
Map shows the number of $5M plus households in the U.S.Nicolas Rapp
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The rich continue to get richer—and at a faster rate. Global private financial wealth increased by 5.3% to $166.5 trillion last year, according to the Boston Consulting Group. That compares with a 4.4% gain the year before. And by the end of 2021, the growth rate globally is projected to be 6%. Some 45% of that $166.5 trillion is held by 18 million millionaire households worldwide. The number of such households in Asia is growing fast. Financial wealth in the Asia-Pacific region increased by 9.5% last year, according to BCG. But the U.S. still has the largest share of wealth among countries, with more than 7 million millionaire households vs. 2.1 million in China. To see where wealth is concentrated in the U.S., we plotted data from Phoenix Marketing International showing households with more than $5 million in assets by urban area.

Curious where these high net worth households are located?

Try the search box below:

    Click here if you don’t see the searchable table. Date source: Phoenix Marketing International

A version of this article appears in the Aug. 1, 2017 issue of Fortune with the headline “Cities of Gold.”

About the Authors
Nicolas Rapp
By Nicolas RappInformation Graphics Director
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Nicolas Rapp is the former information graphics director at Fortune.

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By Brian O'Keefe
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