Hillsborough county wealth
Put Hillsborough, Pinellas, Pasco and Polk counties together and you've got a lot of wealth: 32,506 households with $1 million or more in liquid, investable assets, according to Northern Trust, a Chicago-based financial services firm that caters to high-net-worth customers.
The perception that Hillsborough or the Tampa Bay area doesn't contain much wealth is flat-out wrong, said Cary P. Putrino, Northern Trust's regional president.
"The wealth in this market might be more low-key than in other markets — it's not as flashy — but there is significant wealth in the Tampa Bay community," he said.
The number of households that have more than $1 million in investable assets in Hillsborough County is expected to grow by 10.4 percent over the next four years, according to Northern Trust.
Pinellas, in comparison, is expected to see a 7.5 percent rise. In Palm Beach, the prediction is 8.2 percent.
Putrino theorizes that wealth in the Tampa Bay area isn't as obvious as it is in other parts of Florida because wealthy folks don't all live in the same place: They're divided among Bayshore Boulevard and Hyde Park in south Tampa, Avila and New Tampa in northern Hillsborough County, the beaches in Pinellas County, and in established pockets of Clearwater and St. Petersburg, such as Snell Isle.
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