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.
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."
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