One out of every 11,600 people in San Francisco is a billionaire

CityFella

If you want to run into a celebrity, you go to Hollywood. If you want to run into a billionaire, you should move to San Francisco.

There are more American billionaires than ever before, according to a new study, and Silicon Valley is their home turf. One out of every 11,600 people in San Francisco is a billionaire. That makes San Francisco, globally ranked fourth in number of billionaires, the city with the most billionaires per capita — by far.

That’s according to the annual census of billionaires by Wealth-X, which tracks the 10-figured.

Billionaires have had a rough year. The American left has cast them as corporate villains whose exorbitant wealth reflects a system that no longer works. They have become political piñatas, and not just the billionaire in the White House. A growing number of billionaires have even become critics of capitalism, saying it must be reformed in order to be saved.

Click on the link below for full story

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https://www.vox.com/recode/2019/5/9/18537122/billionaire-study-wealthx-san-francisco?utm_source=pocket-newtab

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Published by CityFella

Moved to the Big Tomata in the nineties from San Francisco. No Suburbs for me with its single colored houses and lawns and the excitement of pulling out my trash can once a week. I'm a CityFella , a part time New Yorker. I'm happiest in the Center City where people the streets and people are alive. I'm still waiting to buy a 34th floor condo somewhere downtown/Midtown with a nightclub. "Hurry I'm old" My politics are somewhere in the middle with a needle that constantly moves. I'm too liberal to be a Republican and too conservative to be a Democrat. Everything interests me . I've come to love Sacratomato, Its a nice town in cheap sensible shoes .