How Many Millionaires Live In Michigan?

List

Rank State Number of millionaire households
9 Ohio 261,157
10 Massachusetts 254,201
11 Georgia 239,287
12 Michigan 236,858

How many billionaires live in Michigan?

9 billionaires
Billionaires are ranked by net worth as of April 30. Forbes lists 9 billionaires in Michigan.

How many millionaires are in Detroit?

Metro Detroit has 108,000 millionaires. Metro Detroit remains among the top 12 U.S. metropolitan areas with high net worth population.

What city in Michigan has the most millionaires?

1. Bloomfield Hills – Gross Income: $170,000 | Median Home: $580,000. The small town of Bloomfield Hills, a northern suburb of Detroit, is the wealthiest city in the state of Michigan.

Who is the richest person from Michigan?

The richest man in Michigan is Quicken Loans founder Daniel Gilbert, who appears at No. 23 on the Forbes list with a fortune estimated at $30.9 billion.

Which wealthy family lives in Michigan?

Brothers Hank and Doug Meijer together own Michigan-based supermarket chain Meijer, which has 230 stores in the Midwest. They are worth an estimated $16.9 billion and was ranked 171 on Forbes’ list of 2021 billionaries. Their grandfather Hendrik, a Dutch immigrant, started the company back in 1934, according to Forbes.

Which states have the most millionaires?

In 2020, California had the highest number of millionaire households in the U.S., with 1.14 million households having one million or more in investible assets. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number.

Where do most of the millionaires live?

New York, Tokyo and Paris are the top places favored by the ultra-rich to live, according to Knight Frank’s 2022 Wealth Report, with London and Los Angeles next.

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Who owns the most property in Detroit?

So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them.

What is the most expensive zip code in Michigan?

Top Most Expensive ZIP Codes in Michigan

# ZIP County
1 48104 Washtenaw
2 48322 Oakland
3 48226 Wayne
4 48126 Wayne

What is the poorest city in Michigan?

Flint was ranked the poorest city in Michigan in a 24/7 Wall St.
The Center Square.

Poorest City Pueblo
Median Household Income $40,450
Poverty Rate 23.5%
Median Home Value $141,000
Population 110,841

What is the most expensive area in Michigan?

Top ten most expensive cities in Michigan

City Average Price
#1 Birmingham $1,099,968
#2 Bloomfield Hills $1,070,063
#3 Harbor Springs $636,628
#4 New Buffalo $583,315

What is the average household income in Michigan?

Table

Population
Mean travel time to work (minutes), workers age 16 years+, 2016-2020 24.6
Income & Poverty
Median household income (in 2020 dollars), 2016-2020 $59,234
Per capita income in past 12 months (in 2020 dollars), 2016-2020 $32,854

Who is the richest person in Ann Arbor?

William C. Young
William C. Young is the richest man in Ann Arbor/ Ypsilanti, and he placed at 1580 Forbes richest people in the world with $2.0 billion in net worth.

Who is the richest family in Grand Rapids Michigan?

Hank and Doug Meijer, who are treated as one entity by Forbes, have a fortune of $10.7 billion, while Amway co-founder Rich DeVos is worth $5.7 billion, according to Forbes magazine. The publication ranks the Meijers as the 118th wealthiest billionaires in the world. In 2014, they came in at no.

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How wealthy is the Meijer family?

Douglas Meijer (born 1955) is an American billionaire businessman, co-chairman of the US supermarket chain Meijer. He has a net worth of US$16.6 billion (jointly with his brother), as of January 2022.

Who is the richest woman in Michigan?

Marian Ilitch – Net Worth: $3.7 billion.

How many billionaires graduated from Michigan State?

A few top public universities also boast numerous billionaire alumni. The University of Michigan has six, including Google cofounder Larry Page, while nearby Michigan State has four, including Quicken Loans and Cleveland Cavaliers owner Dan Gilbert.

Who was the 1st billionaire?

John D. Rockefeller was born in 1839. He started working at a young age and established Standard Oil Company in 1870. Eventually, this firm became one of the most powerful companies in history, making Rockefeller the first-ever billionaire on the planet when it was worth $1 billion in 1916.

What net worth is considered rich?

In the U.S. overall, it takes a net worth of $2.2 million to be considered “wealthy” by other Americans — up from $1.9 million last year, according to financial services company Charles Schwab’s annual Modern Wealth Survey.

What is considered high net worth?

High-net-worth individuals (HNWIs): People or households who own liquid assets valued between $1 million and $5 million. Very-high-net-worth individuals (VHNWIs): People or households who hold liquid assets valued between $5 million and $30 million.