One in every 25 New Yorkers is a millionaire, study says - Spear's Magazine

One in every 25 New Yorkers is a millionaire, study says

Walk down the street in New York and you’re virtually guaranteed to see several millionaires.

That’s because more than 1 in every 25 New Yorkers is a millionaire, according to a study released Tuesday.

The Big Apple ranks fourth in a listing of the top 20 global cities based on the portion of their populations whose net worth, excluding primary residence, tops $1 million.

Altogether, 4.63% of New Yorkers, or 389,100 people, are millionaires, according to the analysis by Spear’s magazine and consulting firm WealthInsight.



 

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