All Articles Tagged "millionaire cities"
(Forbes) — Facebook, Zynga, LinkedIn and other high flying Bay Area start-ups have launched their founders and investors into the billionaire stratosphere (at least on paper). Over the last year, the social network revolution has made tycoons out of the likes of Sean Parker, Eduardo Saverin, Mark Pincus and Reid Hoffman. Last summer, Facebook’s Mark Zuckerberg wasricher than Apple’s Steve Jobs. Today, he’s wealthier than bothGoogle guys, Sergey Brin and Larry Page, too. But while Silicon Valley basks in the golden glow of the wealth spotlight, Houston, TX is quietly minting new millionaires at a fast pace. For the last two years Houston has enjoyed more growth in the number of High Net Worth Individuals–people with at least $1 million in investable assets (primary homes don’t count)–than any other U.S. city.