Oil and Ten-Gallon Hats: J.R.’s City Houses Most New Millionaires

Modern-day J.R.Ewings are keeping the big-bucks legend of Dallas alive. There were 600,000 new millionaires in America last year and Dallas was home to the fastest-growing number of them, according to a new report from Capgemini and RBC Wealth Management. The number of millionaires in the Big D, with its oilmen and ten-gallon hats, jumped 20 percent to 113,000. All together, Dallas millionaires control $457 billion in wealth.

Ranking second was Houston—another Texas energy-producing town—with 18 percent growth in millionaires. Houston added 20,000 new millionaires, bringing the city's total to 131,000 millionaires with a total net worth of $496 billion. Seattle and San Jose, California, both tech hubs, chalked up impressive millionaire growth as well. Seattle's millionaire population grew 16.9 percent and San Jose's increased 14.3 percent. New York is still the nation's millionaire capital, with 894,000 millionaires, or more than 1 in 5 in the country. The city's millionaires have $3.2 trillion in wealth.

Wealthy more wary 0:43


- Robert Frank,