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L.A. is third when it comes to people with lots and lots of money

L.A. is third when it comes to people with lots and lots of money

Los Angeles has 5,135 people who are swimming in money.

In a new survey that charts the population of the ultra rich, San Francisco beat L.A. with 5,460 residents who have $30 million or more in net assets.

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The annual survey, from research firm Wealth-X and Swiss banking giant UBS, shows the U.S. with an ultra-rich population of 69,560.  California has 13,455 extremely wealthy residents.

"San Francisco overtook Los Angeles ... indicating the growing importance of the city as a hub not only for technology entrepreneurs, but as a center of wealth accumulation," according to the survey.

The leader remains New York, however, with 8,655 uber-wealthy people.

"If New York City were a country," the survey said, "it would be the seventh-largest country in terms of [ultra-rich] population size."

Follow me at @AmyTheHub

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