Cap Gemini released a recent report on their US Metro Wealth Index which shows that the greatest recovery in wealth has been concentrated in Houston:
Houston had the highest total growth rate (9.6 percent) in its HNWI population during 2010, allowing it to take over the number eight spot from Detroit. This is the second year in a row Houston has climbed the ranks in the Index, having ranked tenth on the list in 2008.
“Houston has been a strong growth story over the past two years, having been able to recover from the largest percentage fall of HNWIs in 2008,” continued Mr. Sullivan. “In addition to one of the lowest unemployment rates among the ten MSAs, Houston’s economy has significant exposure to the oil and gas industry, which may have contributed to the growth in Houston’s HNWI population.”
