This article originally appeared on Business Insider.
About 770 billionaires live in the United States, according to A new report on the world’s richest cities From Henley & Partners, a London-based consulting firm.
There are only a handful of cities they like to call home — or at least park their private jets when they’re in town.
Three of the world’s four largest clusters of billionaires are prime US destinations for the uberwealthy: New York City, Los Angeles and the Bay Area, which includes the neighboring tech hubs of San Francisco and Silicon Valley. About 163 billionaires live in those three hot spots alone.
Some of America’s wealthiest residents, however, choose quieter cities for their home bases.
Comparably smaller Seattle, Washington boasts 10 billionaire residents, while Boston, Massachusetts claims eight.
And One of the fastest growing cities in America — Austin, Texas — has emerged as a relatively new billionaire hot spot, counting nine residents. Henley & Partners said “no state income tax and not enough space” helps make the Texas capital a prime destination, especially for tech titans such as Elon Musk descends on the city.
Check out the full list of US cities with the most billionaires.
9. Boston, Massachusetts
Boston, Massachusetts. Dennis Tanganyjuar/Getty Images
Stefan Bensel, CEO of biotech and vaccine giant Moderna, and Niraj Shah, founder of online furniture company Wayfair, live in Beantown. According to Boston Magazine.
Population: is 675,647
Number of Billionaires: 8
Number of high-net-worth individuals with assets over $1 million: 41,700 is
Increase in millionaires and billionaires from 2012 to 2022: 50%
8. Austin, Texas
Austin, Texas. dszc/Getty Images
Electric-car billionaire Elon Musk, who recently transplanted to the Texas capital, said on a podcast that his new hometown would be “America has seen the biggest boomtown in 50 years.“
Population: is 961,855
Number of Billionaires: 9
Number of high-net-worth individuals with assets over $1 million: 30, 500 is
Increase in millionaires and billionaires from 2012 to 2022: 102%
7. Seattle, Washington
Seattle, Washington. Sean Pavone/Getty Images
Starbucks CEO Howard Schultz Calling “Rainy City” home.
Population: is 737,015
Number of Billionaires: 10
Number of high-net-worth individuals with assets over $1 million: 50,500 is
Increase in millionaires and billionaires from 2012 to 2022: 68%
6. Miami, Florida
Miami Beach at night. Buena Vista Images
During the COVID-19 pandemic, All of Florida – and Especially Miami – Temptation finance And Tech Elites from bad weather and high taxes in northern cities. Take billionaire hedge-funder Ken Griffin, who went there himself And His hedge fund Citadel From Chicago to the Magic City.
Population: is 442,241
Number of Billionaires: 12
Number of high-net-worth individuals with assets over $1 million: 38,000 is
Increase in millionaires and billionaires from 2012 to 2022: 75%
5. Houston, Texas
Houston, Texas. Justin Sullivan/Getty Images
People made fortunes by oil and pipeline companies, including Jeffrey Hildebrand and Richard Kinder, dominate Houston’s billionaire scene. According to the Houston ABC affiliate.
Population: is 2,304,580
Number of Billionaires: 20
Number of high-net-worth individuals with assets over $1 million: 98,500 is
Increase in millionaires and billionaires from 2012 to 2022: 65%
4. Chicago, Illinois
A bicyclist rides near Lake Michigan with the Chicago skyline in the background. Beata Zawrzel/Getty Images
Chairman of Hyatt Hotels, Thomas J. The grandson of Pritzker and Walmart founder Lucas Walton, calls the Windy City home. According to Chicago TV station WGN.
Population: is 2,746,388
Number of Billionaires: 24
Number of high-net-worth individuals with assets over $1 million: 124,000 is
Increase in millionaires and billionaires from 2012 to 2022: 24%
3. Los Angeles, California
Downtown LA skyline. Helbergman/Getty Images
California is home to the most billionaires — not just in the US, but in the world. According to Forbes. Los Angeles, in particular, is a hot spot. There are some billionaire names that light up the Hollywood marquee, Like director Steven Spielberg. Others prefer to fly under the radar, As Reclusive In-N-Out heiress Lindsey Snyder.
Population: is 10,014,009
Number of Billionaires: 42
Number of high-net-worth individuals with assets over $1 million: 205,400 is
Increase in millionaires and billionaires from 2012 to 2022: 35%
2. New York City
Manhattan skyline, with One World Trade Center in the center. Getty Images
Former mayor and one-time presidential candidate Michael Bloomberg and Blackstone CEO Stephen Schwartzman are two notable billionaire New Yorkers.
Population: 8,804,190 is
Number of Billionaires: 58
Number of high-net-worth individuals with assets over $1 million: 340,000 is
Increase in millionaires and billionaires from 2012 to 2022: 40%
1. The Bay Area consisting of San Francisco and Silicon Valley
Downtown San Francisco skyline. Alexander Spatari/Getty Images
The tech boom has made San Francisco and nearby Silicon Valley the largest cluster of billionaires in the US and the world. Metana Mark Zuckerbergof the alphabet Larry PageAnd of Airbnb Brian Chesky All call the region home.
Population: 7.7 million, According to the San Francisco Chronicle
Number of Billionaires: 63
Number of high-net-worth individuals with assets over $1 million: 285,000 is
Increase in millionaires and billionaires from 2012 to 2022: 68%
All population data are from the US Census 2020 survey unless otherwise noted.