moneyphoto:  tracy olson

I was doing some “research” last night and I came up on these numbers.  They’re pretty interesting…and if you need the connection, here it is:  millionaires & billionaires like to ski and ride, own a lot in Tahoe, put a lot of money into the ski industry, and have a lot to do with the revenue generated in the Lake Tahoe region.

 

money stackphoto:  amagil

Millionaires in the San Francisco Bay Area:

- 224,800 millionaires between San Francisco & San Jose Metro Areas in 2009 (and there are thousands more if you added Atherton, Blackhawk, Palo Alto, Woodside, & more to it)

138,300 households in the San Francisco Metro Area and 86,500 in the San Jose Metro Area had $1 million or more in financial assets in 2009 (source: Capgemini).

- #3 on the millionaire location list behind New York & LA (#2 if you added up entire SF Bay Area)

- SF Bay Area has at about .07 millionaires per capita, just behind New Yorks .08 millionaires per capita

money is goodphoto:  knsfinancial

Billionaires in San Francisco Bay Area:

- 45 of ‘em in the SF Bay Area (source: forbes) (101 in from California, more than any other state)

-16 in San Francisco

- 6 in Woodside

- 6 in Palo Alto

- 5 in Atherton

- 4 in Portola Valley

- 2 in San Mateo

- 2 in Marin County

- 1 in each of these:  Geyserville, Mountain View, Blackhawk, Los Altos Hills

money pile

Millionaires in U$A in 2009:

New York – 667,200, +18.7%

Los Angeles – 235,800, +13.3%

Chicago – 198,100, +15.1%

Washington, D.C. – 152,400 +19.3%

San Francisco – 138,300 +14.5%

Philadelphia – 104,100, +20.1%

Boston – 102,300, + 14.4%

Detroit – 89,100, +12.1%

Houston –- 88,200, +28.9%

San Jose — 86,500, +24.5%

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9 Comments

  1. Kevin D says:

    Very good research. I agree they have an effect on the ski industry and Tahoe’s economy. Probably a mix of positive and negative, mostly positive. I wonder if any of them donated to Vanessa’s Heli trip?!

    Reply
  2. Bob Y says:

    Nice work.
    A million is not what it used to be. We have been using the term millionaire for 80 years. $1 million dollars in 1975 when I graduated from University equates to $4.5 million today and since 1982 it would be $3.2 million. So I think it is time for a new monacher instead of millionaire.

    Reply
  3. Justin TAHOE-LAKE says:

    A Billion Dollars Isn’t Cool. You Know What’s Cool? A Trillion …

    Reply
  4. SquawCraw says:

    Good info. I have a few ?s: how many millionaires total in the USA (you give numbers for several states but not the national total) and what are the %s with “+” marks (i.e. 18.7%+) referring to. I assume it is the increase in the number of millionaires in those states but what is the range of years? (i.e. 2000-09? 1990-2009?)

    Reply
    • Miles Clark says:

      7.8 million millionaires in 2009 in USA. In 2007, there were 9.2 million millionaires in the USA.

      Reply
  5. Miles Clark says:

    A lot, that much is for damn sure.

    Reply
  6. Miles Clark says:

    Oh and the + with the percentages (ex. +18.7%) translates to “up 18.7%”. & yeah, it’s a one year increase, 2008 to 2009.

    Reply
  7. John says:

    When’s Miles Clark joining the list?

    Reply
  8. john says:

    San Francisco is the most Affluent region of the United States. Just south lies San Mateo County (the #1 top earning county in the USA – since google, youtube and facebook are all headquartered in San Mateo County/Silicon Valley). San Mateo County residents earn a weekly average of $3,500/per week, which roughly means the average SM County resident makes around $180,000/yr. #2 in the US is Manhattan, New York earning averages of $2,500/per week or roughly $130,000/yr

    Reply

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