1 in 11 in Volusia, Flagler at millionaire status [Florida]
They’re rich, but not famous, and that’s the way they like it.
One of every 11 households in Volusia and Flagler counties has achieved millionaire status, a study has found, while 1 in every 128 has made it to the $5 million level. Research by TNS Financial Services in New York analyzed residents’ net worth — the value of their property, investments and other assets after subtracting their debts.
People who hobnob with the area’s wealthy said they aren’t surprised the two-county area is now home to more than 21,000 millionaire families. But they said most rich people are hard to spot because they still lead unobtrusive middle-class lives. Here’s a sampling of their observations:
Gary R. Libby, retired director of the Museum of Arts and Sciences, Daytona Beach