American Cities with the most millionaires....

[Bham1982]

Detroit is number nine....who would have thunk it?

http://247wallst.com/2011/07/13/the-...illionaires/2/

I don't find it surprising. Sounds about right to me.

Notwithstanding all the negativity, Metro Detroit has a huge number of wealthy. I don't know where all the money comes from, but many people are doing very, very well.

The rich parts of the area are wealthier than ever.

[Detroitnerd]

I don't find it surprising. Sounds about right to me.

Sure, there's tremendous wealth in metro Detroit.

And it's mostly in the hands of people who have walled themselves up in their Galt's Gulches and don't understand why cities are important.

[Bham1982]

Sure, there's tremendous wealth in metro Detroit.

And it's mostly in the hands of people who have walled themselves up in their Galt's Gulches and don't understand why cities are important.

The truly rich are generally living in older communities, close to Detroit. Not too many rich in Shelby Township or Milford.

I would guess than 90%+ of the truly rich live in about six communities: Bloomfield Hills, Bloomfield Township, Orchard Lake, Franklin, Birmingham, and GP Shores. All are older suburbs, and all are pretty closely tied with the city.

You have a scattering of rich folks in sprawltopias like Northville Township, Novi, Rochester Hills, Oakland Township and a few other places, but not too many. Then there are a number of older suburbs with an additional scattering of rich: the remainder of the Pointes, W. Bloomfield, Bingham Farms, Huntington Woods, maybe. That's about it.

Keep in mind, too, that the truly rich are the ones keeping the DIA solvent, keeping the Orchestra and Opera running, and keeping downtown humming. I think they need to pay higher taxes, and they're still too automatically wedded to the Republican Party, but that's changing.