It’s another notch in the belt for New York City’s wealthy reputation.
The highest concentration of millionaires for any city in the world resides in the Big Apple, with 340,000 in total, according to wealth and investment tracker Henley and Partners.
Tokyo and San Francisco Bay Area are ranked second and third, with resident millionaire populations of 290,300 and 285,000, respectively.
London came in with 258,000 resident high-net-worth individuals (HNWIs), followed by city-state Singapore with 240,100.
Los Angeles, Hong Kong, Beijing, Shanghai and Sydney round out the top ten.
According to the study, New York is also home to the most centimillionaires–people with a net worth of $100 million or more in investable assets–on the planet with 724, followed by the San Francisco Bay Area with 629 and Los Angeles at 480.
But it hasn’t been all great to be rich as of late. The world’s ultra-wealthy lost a combined $10 trillion, or 10 percent of their net worth in 2022, driven by global economic uncertainty, the energy crisis, and the war in Ukraine, a March report by property consultancy Knight Frank found. Luckily for American HNWIs, Europeans bore most of the brunt; they lost 17%.
