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Although the economic recession has impacted Americans’ wallets negatively, the United States is still home to countless millionaires. In fact, Capgemini, a research and consulting firm, has reported that America has the highest number of millionaires in the world.

The following list contains the top 10 U.S. cities with the highest number of millionaires. Unsurprisingly, 9 out 10 metropolitan areas discussed below are among the major financially segregated areas in the country.

A millionaire is defined by Capgemini as an individual who has investable $1 million worth of investable assets, excluding their primary residence.

10. Detroit 

Detroit is still striving to recuperate its pre-economic-recession population of millionaires. The metro city has seen adequate development to get a place in the top ten.

There were 94,500 Millionaires in 2007

There were 79,500 Millionaires in 2008

There were 89,100 Millionaires in 2009

There were 92,100 Millionaires in 2010

There were 90,100 Millionaires in 2011

 

9. San Jose

The improved performance of local industry helped this metro city move from 10th spot to 9th. San Jose has seen an increase of 20,000 millionaires in the past few years, representing approximately 30 percent surge.

There were 80,700 Millionaires in 2007

There were 69,500 Millionaires in 2008

There were 86,500 Millionaires in 2009

There were 88,800 Millionaires in 2010

There were 90,700 Millionaires in 2011

 

8. Houston

The number of millionaires in Houston grew by approximately 2.1 percent between 2010 and 2011.

There were 86,700 Millionaires in 2007

There were 68,400 Millionaires in 2008

There were 88,200 Millionaires in 2009

There were 96,700 Millionaires in 2010

There were Millionaires 98,500 in 2011

 

7. Philadelphia

The city witnessed a huge 20% growth in millionaires from 2008 to 2009.

There were 106,300 Millionaires in 2007

There were 86,700 Millionaires in 2008

There were 104,100 Millionaires in 2009

There were 110,400 Millionaires in 2010

There were 109,400 Millionaires in 2011

 

6. Boston

Highest Surge: 14 percent (between 2008 and 2009)

There were 107,900 Millionaires in 2007

There were 89,400 Millionaires in 2008

There were 102,300 Millionaires in 2009

There were 109,800 Millionaires in 2010

There were 110,200 Millionaires in 2011

 

5. San Francisco

Highest Surge: 14.5 percent (between 2008 and 2009)

There were 142,600 Millionaires in 2007

There were 120,800 Millionaires in 2008

There were 138,300 Millionaires in 2009

There were 147,400 Millionaires in 2010

There were 147,800 Millionaires in 2011

 

4. Washington, D.C.

Highest Surge: 19 percent (from 2008 to 2009)

There were 151,900 Millionaires in 2007

There were 127,700 Millionaires in 2008

There were 152,400 Millionaires in 2009

There were 164,400 Millionaires in 2010

There were 166,200 Millionaires in 2011

 

3. Chicago

Highest Surge: 15.1 percent (in 2009)

There were 205,400 Millionaires in 2007

There were 172,200 Millionaires in 2008

There were 198,100 Millionaires in 2009

There were 212,300 Millionaires in 2010

There were 212,100 Millionaires in 2011

 

2. Los Angeles

There were  253,300 Millionaires in 2007

There were 208,200 Millionaires in 2008

There were 235,800 Millionaires in 2009

There were 256,500 Millionaires in 2010

There were 255,600 Millionaires in 2011

 

1. New York

Highest Surge: 18.7 percent (between 2008 and 2009)

There were 650,100 Millionaires in 2007

There were 561,800 Millionaires in 2008

There were 667,200 Millionaires in 2009

There were 720,000 Millionaires in 2010

There were 727,100 Millionaires in 2011

 

Source: Capgemini U.S. Metro Wealth Index 

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Written by Margarita Hakobyan

Margarita Hakobyan is CEO and Founder of Moverscorp.com.