Gobankingrates.com had an article out in March of last year showing that on a per capita basis, New Jersey actually has more millionaires than any other state. According to it, our state has 3,312,916 households and 9.76% of them are millionaire households. I was floored.
How many millionaires are there in NJ?
According to a 2020 report, New Jersey wrested the top spot from Maryland when it comes to millionaire per capita. There are 323,443 millionaire households in New Jersey, thanks to its proximity to the Big Apple.
Which US state has the most millionaires?
California
by state U.S. 2020. 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.
What US city has the most millionaires?
New York
The 10 cities with the highest raw number of ultrawealthy residents in 2020 were New York, with 11,475 ultrawealthy people; Hong Kong; Tokyo; Los Angeles; Chicago; San Francisco; Paris, Washington, D.C.; Osaka, Japan; and Dallas.
Is New Jersey for rich people?
Well, according to a recent report, we are not only a rich state, but we came pretty darn close to being named the richest state in the whole country. According to World Population Review, New Jersey is among the top 5 richest states in the nation for 2022.
Who is the richest family in NJ?
Rocco Commisso, founder and CEO of cable company Mediacom, is the richest man in New Jersey. He’s worth $8.4 billion, Forbes said, up from $5.5 billion in 2020. The 71-year-old billionaire, who calls Saddle River his home, lands at No. 98 on the list.
What is the richest city in NJ?
This Northern New Jersey town is home to some of the wealthiest residents in New Jersey with a median income of $216,875. Ho Ho Kus has a population of 4258.
4. Ho Ho Kus, NJ.
| Median Household Income | $216,875 |
|---|---|
| Bachelor’s Degree of Higher | 84.0% |
| Median Home Value | $775,900 |
Where do most rich people live?
Now there’s a new number one. N ew York City has taken back its crown. With 107 billionaire residents, worth over $640 billion, The Big Apple is home to more three-comma club members than any other city on the planet.
Which state do most billionaires live in?
California
This month, Forbes reported that California has more billionaires than any other state in the U.S. — 186, to be exact. At the top of the outlet’s list of the state’s wealthiest are Google co-founders Larry Page and Sergey Brin.
Where do the super rich 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.
Where do rich people keep their money?
Real Estate. For more than 200 years, investing in real estate has been the most popular investment for millionaires to keep their money. During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth.
What state has the most wealth?
The Golden State boasts the largest economy in the U.S., with a gross state product of nearly $3 trillion. And with roughly 40 million residents, it’s also the most populous state in the country. The largest economic sectors in California are agriculture, technology, media, trade and tourism.
What is the richest small town in America?
Southlake
Most Affluent Small Cities: 30,000 to 50,000 Residents
| Rank | City | Population (2019) |
|---|---|---|
| 1 | Southlake | 31,292 |
| 2 | Los Altos | 30,504 |
| 3 | McLean | 47,682 |
| 4 | Potomac | 45,940 |
Why is New Jersey so rich?
New Jersey’s proximity to the metropolitan giants of New York City and Philadelphia greatly influences its wealth. A vast majority of the state consists of suburbs of these two cities, an explanation for much of the state’s high incomes.
Where do billionaires live in NJ?
In New Jersey, Saddle River is home to one billionaire who controls more wealth than those in any other city in the state. Worth an estimated $7.2 billion, Rocco Commisso is the only Saddle River resident with a minimum 10-figure net worth.
What is the richest part of New Jersey?
1. Millburn Township in Essex County – Median Income of $190,625. The richest town in all of New Jersey in 2019 is Mill-run Township.
How many billionaires live in nj?
Table
| Rank by number of billionaires (9/15/20) | State or federal district | Billionaires/ State’s 10M pop. (7/19 census) (9/15/20) |
|---|---|---|
| 14 | Wisconsin | 13.74 |
| 11 | Arizona | 15.11 |
| 17 | New Jersey | 7.88 |
| 13 | Maryland | 16.54 |
Who is the richest man in Jersey?
Glenn Gordon and family are calculated to have a total wealth of £3.4 billion, down from £3.6bn, in the 2022 edition of the Sunday Times Rich List, which is published in full this weekend. Mr Gordon is the great-great-grandson of William Grant, who founded the family distilling business in 1887.
What famous person is from New Jersey?
25 Famous People That Were Surprisingly Born In The State Of New Jersey. New Jersey is the birthplace of many well-known figureheads. Think about it, Frank Sinatra, Whitney Houston, Bruce Springsteen, Meryl Streep, and John Travolta all were born in the Garden State.
What is the whitest town in NJ?
Berkeley is the least diverse town in the state, with white residents forming 89 percent of its population of 41,000.
Where do celebrities live in NJ?
Four upscale boroughs — Alpine, Cresskill, Franklin Lakes, and Saddle River — are home to a slew of wealthy celebrities living in lavish mansions, sometimes on the same street. It helps that the area is relatively secluded yet still a short drive from New York City.