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.
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