Sarasota, Florida is a beautiful beach community located on the Gulf Coast, south of Tampa. It's a popular destination for retirees, and it's no surprise that almost 6.7% of the people who live here are millionaires. With its slow and fun pace, great weather, and abundance of golf courses, it's easy to see why so many wealthy people choose to call Sarasota home. At a recent dinner, a smart businessman told me that 28 billionaires live in Sarasota and Manatee.
This thriving community has a very high number of millionaires due to its population size. Business journalist Rich Rescigno, who first visited Sarasota 35 years ago and now lives here, is a former managing editor of Barron's. In an exclusive study conducted at the request of Sarasota magazine, Brown ranked the performance of individual counties. The opportunity to lead a discreet lifestyle away from the spotlight is also an attraction that has drawn many millionaires to Sarasota.
It compares with more than 9,900 in the smallest and most exclusive area of Naples, where 7.1% of its total 138,629 households are in the millionaire category, the highest in terms of per capita among all MSAs in Florida. In the future, the luxury condominiums currently under development in downtown Sarasota may attract more millionaires to Sarasota. More impressive still, across the nation, which has nearly 3,100 counties and their equivalents, Sarasota ranked eighth in terms of millionaire concentration per resident. Forbes points out that several high-profile billionaires such as Kylie Jenner and Michael Jordan weren't even on the list.
See the full list and read more on Forbes. Another place that attracts many millionaires is Napa Valley. With its stunning scenery and world-renowned wineries, it's no wonder why so many wealthy people choose to call this place home. Sarasota is an amazing place to live for those who can afford it. With its beautiful beaches and abundance of wealth, it's no wonder why so many millionaires choose to call this city home.