You are half as likely to become a millionaire living in the West Midlands than the rest of the UK, new research shows.
One in every 177 people in the region is worth £1 million or more compared to one in 90 across Britain and one in 45 in London.
The revelation comes despite a rise of 33 per cent in the number of West Midland millionaires in the past five years, to a total of 32,000.
However, the data, revealed in the Barclays UK Prosperity Map, named Birmingham as the most prosperous city outside London and the South East, which account for more than half of the 715,000 millionaires living in the country.
Booming house prices and stock market gains were the reason given for a surge in the number of people with seven-figure values since 2010.
Stephanie Wall, policy and patron adviser at the Greater Birmingham Chambers of Commerce, said: "The enterprise community in the West Midlands is thriving, and the regeneration in Birmingham is creating some great opportunities for our local businesses.
"In order to capitalise on this high level of activity, it is important that businesses, alongside the government continue to improve employment skill levels.
"Better support, particularly for young people is required to ensure they are work-ready, and those already in work need to have opportunities to develop and progress their skills."
Surging property prices and big returns in equity markets in recent years have combined with higher wages and employment rates to create more millionaires as the UK economy gets back on track. Barclays' research showed that every UK region is now more affluent than it was five years ago, with measures including household wealth, gross domestic product (GDP), exam results, charitable donations and entrepreneurship taken into account.
However, while Birmingham was identified as a driver of wealth, the wider West Midlands is rising at a slower pace than the country.
Paul Swinney, from Centre for Cities, said transport was vital to ensure the city's growing vibrancy boosted the wider region.
He said: "Birmingham's city centre has rapidly expanded as a commercial hub in recent years, with a large number of professional services firms setting up there.
"To ensure this growth continues, planning policy will need to respond to the ever growing demand for city centre office space, while transport policy should look to better link surrounding areas such as Solihull and Walsall to the centre so that people in these places can also benefit from Birmingham's growing prosperity."
Despite the jump in wealthy Britons in the past five years, the research said growth in millionaires is expected to return to more normal levels over the long term, with a nine per cent increase in the UK expected by 2025, in-line with GDP growth.
The research suggests one of the West Midlands' strengths is the number of hours worked by the average resident each week – 33, just behind London at 33.3 hours.
Paul Keiser, Midlands director at Barclays Wealth and Investment Management, said: "I think we can attribute the high number of hours worked with the high proportion of owner-managed businesses in the West Midlands."