World’s Richest Metropolis Has Over 3 Lakh Millionaires: Report

World's Richest City Has Over 3 Lakh Millionaires: Report

New York is residence to three,40,000 millionaires.

New York has taken the crown of being the world’s richest metropolis, but once more, with probably the most millionaires in 2023, in accordance with a report. The town has 3,40,000 millionaires, in accordance with world wealth tracker Henley & Companions.

The town is adopted by Tokyo and San Francisco Bay Space with resident millionaire populations of 290,300 and 285,000, respectively.

The report – World’s Wealthiest Cities Report 2023 – covers 97 cities throughout 9 areas worldwide (Africa, Australasia, CIS, East Asia, Europe, the Center East, North America, South Asia, and Southeast Asia) and consists of a lot of the world’s prime wealth hubs.

The US dominated the checklist with 4 of its cities – New York, The Bay Space, Los Angeles and Chicago – making it to the checklist. China has two of its cities (Beijing and Shanghai) within the checklist.

London has dropped to fourth place on this yr’s checklist with 258,000 resident high-net-worth people (HNWIs), adopted by city-state Singapore with 240,100. In 2000, London was the highest metropolis on the planet for millionaires, but it surely has slipped down the checklist over the previous 20 years.

The Large Apple – a nickname for New York Metropolis – is residence to three,40,000 millionaires, 724 centi-millionaires, and 58 billionaires. It’s residence to the world’s two largest inventory exchanges by market cap (the NYSE and the Nasdaq). The town includes the 5 boroughs of the Bronx, Brooklyn, Manhattan, Queens, and Staten Island, and options among the world’s most unique residential streets, together with fifth Avenue in Manhattan the place prime condo costs can exceed $27,000 per sq. meter, in accordance with the report.

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