CNN/Money reported earlier that Florida ranks as one of the top states that millionaires call home. What do they invest in?
Although real estate is not their sole source of wealth, it remains a staple for many. Forty-six percent of those surveyed own investment real estate like a second home or rental properties.
California ranked as the No. 1 state for millionaires, but many are cashing out their equity there and moving it here to the Sunshine State. Other popular states for millionaires include Massachusetts, Illinois and New York.