If you’ve noticed a few more Teslas and Bentleys on the streets around Dallas in recent years, there’s a good reason for that: According to a new study by New World Wealth, Dallas ranks fourth in the United States for multimillionaire population growth over the past 10 years.
Dallas has seen a 58 percent increase in people with a net worth of $10 million or more — from 1,750 in 2004 to 2,770 in 2014. Only Houston, Seattle and the San Jose area saw bigger increases. The San Francisco area rounded out the top five.
As a point of comparison, in the last decade, worldwide multimillionaire numbers have grown by 71 percent.
The following table lists the fastest growing cities in the US for multi-millionaires. USA: Fastest growing cities for the super-rich, 2004 – 2014
City ranked by growth
Notes: San Jose figures include Sunnyvale, Saratoga, Santa Clara and Los Gatos.
San Francisco figures include Palo Alto, Los Altos, Redwood City, Moraga, San Mateo, Oakland and Mountain View.
Figures refer to December 2004 and December 2014. Rounded to nearest 10.