Houston Is Creating Millionaires At The Fastest Pace Of Any City in U.S. Two Years in a Row

Forbes reports:

Houston, TX is quietly minting new millionaires at a fast pace.

For the last two years Houston has enjoyed more growth in the number of High Net Worth Individuals–people with at least $1 million in investable assets (primary homes don’t count)–than any other U.S. city.

A recent Capgemini study found that Houston’s millionaire population surged by 9.6% to a total of 96,700 wealthy citizens from 2009 to 2010. The year before that, Houston saw its millionaire ranks surge by 29%.

As you can guess, the left-wing Nation magazine if unhappy with this.