Lifestyles of the Rich & Richer: The Super-Mega-Rich Love to Own Houses in Los Angeles

Posted · Add Comment
0 Flares Facebook 0 Twitter 0 Google+ 0 Email -- 0 Flares ×

San Francisco may have more super-rich people than Los Angeles now, but super-rich people own more houses down in LA, because why not? Los Angeles has the fourth most personal residences in the world owned by those of the “ultra high net worth” persuasion, aka people with more than $30 million in net assets, aka the first up against the wall; it follows only New York, London, and Hong Kong, and just beats San Francisco, according to the 2015 Global Luxury Residential Real Estate Report just out from Sotheby’s and Wealth-X.

There are 211,275 megarichies on Earth; 79 percent of them own at least two residences; on average, they own 2.7 residences (for themselves, not counting rental properties, etc.). The gang in Los Angeles has a median net worth of $105 million and their top hobby is “art & film.” If they’re not Americans, they’re most likely to be from—not China, not Saudi Arabia—the United Kingdom.

· The Global Luxury Residential Real Estate Report 2015 [Sotheby’s]

· Los Angeles is No Longer the Filthy Rich Capital of California [Curbed LA]

Leave a Reply

Your email address will not be published. Required fields are marked *


© “2018” BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. CalBRE 00954065

0 Flares Facebook 0 Twitter 0 Google+ 0 Email -- 0 Flares ×