Despite a continued influx of millionaire residents, Seattle remains in a precarious financial sitaution.
Despite significant increases in Seattle's millionaire population, the city is facing bankruptcy in several key spending areas, including education.According to data from wealth management firm Henley & Partners, Seattle's millionaire population increased by 3,700 in 2023, which also included a handful of centimillionaires and one new billionaire.The analysis placed Seattle as the 23rd richest city in the world and the seventh-richest in America last year.
Seattle has seen a dramatic rise in wealth among its residents over the past decade. The number of millionaires in Seattle grew 72% from 2013 to 2023, reaching an estimated 54,200. The city is now home to 130 centimillionaires and 11 billionaires. Despite this surge in wealth, the city's financial challenges remain stark.
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