Why? Because this was the way people thought about it when I grew up. So, being a millionaire meant that your home (if it was paid for completely) and your business if it was paid for completes, and if they both together were worth over 1 million dollars then you were considered to be a millionaire.
Since many people (especially in California on the coast) have homes worth over 1 million dollars this is pretty common for most houses in nice areas anywhere along the coast of California where there is only SO MUCH BEACHFRONT property and so the land and homes just skyrocket in price in an ongoing way over time. Also, at the beach in California your air comes across 6000 miles of ocean and is purified by winds primarily moving eastward (at least in California, Oregon and Washington). So, if you aren't by a really big city like Los Angeles, your air is some of the purest in the world if you live along the ocean. So, this is a really big draw too.
Also, if there are fires the smoke from those fires tends to head mostly Eastward or Northeastward or South Eastward, so most smoke doesn't come to the coast (unless the fire is actually right there on the coast to begin with and then often people are swimming in the ocean in order to not burn up often any time of year (especially in places like Malibu or anywhere near Los Angeles or San Diego).
But, California likely has more millionaires than any other state (maybe with the exception of New York City maybe).
But, generally, I would say there are more millionaires (by the amount of property and businesses and stocks they own living California than anywhere else on earth. And most of this wealth is centered near the Pacific Ocean from San Francisco to San Diego in homes and businesses owned outright.
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