New York City is the billionaire-breeding capital of the world, according to a new report from Spear’s and WealthInsight.
In fact, one in every forty billionaires in the world is born in the New York City — the billionaire-breeding capital of the world.
When you put New York and breeding ground in the same sentence, rats probably first come to mind.
More billionaires have been born in New York City than in any other city in the world, according new research by U.K.-based luxury magazine Spear’s and research company WealthInsight.
Need another explanation why the rent’s so damn high in New York City (one-third of New Yorkers spend almost half their income in rent)?