Non-news flash: L.A. has a lot of rich people

Wealth-X, which calls itself a "global wealth intelligence" firm, has estimated the number of super wealthy individuals living in U.S. cities. They define "ultra high net worth" as over $30 million in assets. Exactly as you'd suspect, New York is first (7,720) and Los Angeles ranks second with 4,350. The surprise, possibly, is that a much smaller city like San Francisco falls just behind L.A., but the suspicion here is they really mean the Bay Area — those kinds of details and methodologies are not disclosed in the release.