Where do the richest people in Arizona live?

Paradise Valley is the richest city in Arizona. Located in the northeastern Phoenix metropolitan area, this city is known for its close proximity to the heart of the state capitol – about ten miles from downtown.

Where do most millionaires live in Arizona?

Paradise Valley, AZ

As the wealthiest city in Arizona, it's no surprise that Paradise Valley is also the most expensive city in the state.

Where do the rich go in Phoenix Arizona?

Who is the wealthiest person in AZ?

Ernest Garcia II, founder and majority owner of used-car dealer Carvana and other businesses, is again the wealthiest Arizonan with an updated net worth of $6.9 billion. He tops the list of seven Arizonans in the ranking of the 400 wealthiest Americans.

Why is Paradise Valley so rich?

Paradise Valley is a desert and mountain town in Arizona east of state capital Phoenix, which is its suburb. It is Arizona's wealthiest municipality. The town is known for its luxury golf courses, shopping, expensive real estate, and restaurant scene. According to the 2020 census, its population was 12,658.

Forbes list features 10 billionaires that live in Arizona

Do any celebrities live in Paradise Valley AZ?

Tucked away on the eastern end of the Phoenix metro area, Paradise Valley is home to celebrities like gold-metal Olympian Michael Phelps, legendary rocker Alice Cooper, former vice president Dan Quayle, and best-selling fiction author Clive Cussler.

How expensive is it to live in Paradise Valley?

Paradise Valley's housing expenses are 566% higher than the national average and the utility prices are 3% higher than the national average. Transportation expenses like bus fares and gas prices are 7% higher than the national average. Paradise Valley has grocery prices that are 0% lower than the national average.

Who is the youngest millionaire in Arizona?

OMAR ELATTAR 🎧 on Instagram: "@rickygutierrezz was a college kid working at Verizon before becoming Arizona's youngest millionaire 💵. #RickyGutierrez #ThePassionateFew #makingmillions"

Why is Scottsdale so rich?

Scottsdale is dedicated to the success of its residents and business community. The city's progressive leadership has kept taxes low for both families and corporations. With a rich history in tourism, Scottsdale is visited by more than 11 million people annually, generating an economic impact of $3.3 billion.

Who owns most of Arizona?

Arizona's State Department owns 9.2 million acres of land. That means Arizona's biggest landowner is the State Land Department. The department was created in 1912 by an act of Congress that set aside 10.9 million acres across Arizona to benefit public schools.

What is the fancy suburb of Phoenix?

Marion Estates, located Northeast of Phoenix, is another great option for those seeking a luxurious lifestyle south of Camelback Mountain. This exclusive neighborhood is characterized by its grand mansions and stunning views of the Phoenix skyline.

Where do celebrities live in Phoenix?

Rock legend Alice Cooper lives in Paradise Valley. Megadeth bassist David Ellefson lives in Scottsdale. Pro Football Hall of Famer Kurt Warner lives in Phoenix with his family. Former pro racecar driver Danica Patrick lives in Scottsdale.

What is Arizona's wealthiest city?

1. Paradise Valley. Paradise Valley is the richest city in Arizona. Located in the northeastern Phoenix metropolitan area, this city is known for its close proximity to the heart of the state capitol – about ten miles from downtown.

What is the poorest city in AZ?

The poorest town in Arizona, by poverty rate, is San Luis. The city's poverty rate is 23.1 percent. This is double the 2021 poverty rate for the entire state of Arizona. Their median household income is $41,648 per year, while the median income for a single family is much lower.

What town in Arizona are millionaires moving to?

Scottsdale, Arizona, rounded out the top three fastest-growing cities in the U.S. for millionaires. From 2012 to 2022, Scottsdale saw an 88% millionaire growth rate and is home to 13,900 millionaires, 60 centi-millionaires, and five billionaires, according to the report.

Do any celebrities live in Scottsdale AZ?

Metro Phoenix has its share of famous residents who buy one of the area's million-dollar homes. Some, like rockers Alice Cooper and Jimmy Adkins, are well-known and longtime Valley residents. Others, like music superstar Alicia Keys, can be spotted at their Paradise Valley or Scottsdale retreats on weekends.

Why is Paradise Valley AZ so expensive?

They are drawn by Arizona's warm weather and low taxes, as well as Paradise Valley's privacy, spacious lots and proximity to city life in Phoenix and Scottsdale.

Who are the five richest people in Arizona?

And, according to Forbes, U-Haul's Mark Shoen ranks No. 1 among the richest people in Arizona, with a net worth of $4.8 billion in 2023,which ranks him at No. 592 on Forbes' list globally. Arturo Moreno, Joe Shoen, Bob Parsons and Bennett Dorrance round out the Top 5 richest in Arizona.

Who is the 19 year old billionaire?

Clemente Del Vecchio's net worth currently stands at $4 billion, as per Forbes. Clemente Del Vecchio, despite his substantial inheritance, is reportedly focused on his studies and personal interests.

What is the richest neighborhood in Paradise Valley?

Camelback Country Club Estates

Comprising the entire northeast corner of Paradise Valley Township, Camelback Country Estates is easily one of the priciest neighborhoods in the entire state of Arizona. The two-part development offers a broad catalog of patio-style homes that start at around two million dollars apiece.

Why are people moving to Paradise Valley AZ?

Key Takeaways: Paradise Valley, Arizona, is an idyllic location for those looking to relocate. The town offers a unique blend of natural beauty and upscale living. Located between Phoenix and Scottsdale, Paradise Valley provides a serene escape from urban chaos.

Is Paradise Valley more expensive than Scottsdale?

Both Scottsdale and Paradise Valley are known for their affluent communities, luxury homes, and upscale amenities. The median home price in Scottsdale is around $550,000, while in Paradise Valley it is around $2 million.