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.
