More wealthy people live in New York than in any other city in the world, according to a report by the consulting company Henley & Partners.
There are 345.6 thousand millionaires and 15.47 thousand multimillionaires in New York, that is, residents with a fortune of more than $10 million. There are also 737 people whose wealth exceeds $100 million and 59 billionaires.
About 4% of New Yorkers’ 8.38 million own investment assets (property, cash or stock) worth more than $1 million, according to the study, according to CNBC. The total personal wealth of New Yorkers exceeds $3 trillion.
Tokyo ranked second in the ranking of cities with the largest number of wealthy residents (304.9 thousand, including 12 billionaires), in third place is the San Francisco Bay Area, which includes Silicon Valley (276.4 thousand, 62 billionaires).
London is on the fourth line (272.4 thousand), Singapore is on the fifth (249.8 thousand) and China’s Beijing (131.5 thousand) and Shanghai (130.1 thousand) close the top 10.
In addition, the leaders of the ranking include Los Angeles, Chicago and Houston, occupying positions from six to eight. Thus, half of the ten richest cities in the world are located in the United States.
Meanwhile, the fastest growing cities in terms of the number of millionaires are outside this country. The leader is Riyadh (Saudi Arabia), Sharjah and Dubai (UAE), Lusaka (Zambia) and Luanda (Angola). In the first half of 2022, their wealthy population increased by 20%. Henley & Partners attribute this to the active development of the oil and gas industry and the growth of stock markets in these countries.
At the same time, the number of rich residents in seven of the ten cities with the largest number of them has decreased. The increase was noted only in Singapore, San Francisco and Houston. At the same time, in New York in 2022, their number decreased by 12%, in Los Angeles – by 6%, in Chicago – by 4%, in London – by 9%. One of the reasons for this is the general decrease in wealth in the world, the report says.
Ukraine’s State Fiscal Service’s press office has said 185 residents of Lviv region in 2017 registered net worth exceeding UAH 1 million or more. Most of the millionaires live in the region’s capital – 113, followed by the district center of Stryi – 11 and Truskavets – 7.
The total of declared assets was UAH 900.4 million. The millionaires are obliged to pay UAH 25 million extra on personal earnings and UAH 3.3 million in military tax.
The region’s millionaire total increased by 36, compared to last year.
Some 41 millionaires made their fortune selling property, from interest and dividends – 30, salary – 28 and investments – 27.
Some 4,063 taxpayers declared income in the amount of more than UAH 1 million received in 2017, the youngest millionaire living in Cherkasy is seven years old, the State Fiscal Service has said. “Compared with the corresponding period last year, the number of millionaires this year increased by 559 citizens or by 16%. One citizen declared income exceeding UAH 1 billion,” the press service of the agency said, citing acting head of the service Myroslav Prodan.
The largest number of millionaires, some 2,270 taxpayers, are citizens aged 45 and older, whereas 1,605 citizens at the age of 30 to 45 years declared income exceeding UAH 1 million, and 188 citizens under 30 years. The oldest millionaire is 99 years old (Kyiv).
According to the agency, millionaires received UAH 9.8 billion income mainly at the expense of the item “other income” (additional benefit, interest accrued on deposit accounts at the bank, dividends, etc.), UAH 6.3 billion of foreign income, UAH 3.6 billion of income from operations for the sale or exchange of movable and immovable property, and UAH 2.5 billion of inheritance or received as a gift.
“Almost 44% of the total number of millionaires are registered in Kyiv (1,816 people). Among the leaders are also Kharkiv region with 299 people, Dnipropetrovsk region with 269 people, Kyiv region with 275 people, and Odesa region with 207 people,” Prodan said.
At the same time, according to the agency, the average annual income of one millionaire in Ukraine is UAH 8.2 million.
