One in 24 New Yorkers is a millionaire

New York City residents have more than $3 trillion of combined wealth. (Image: Bloomberg)

Thu, 09 May 2024

(Bloomberg) - For all the talk of a big-money exodus from New York, the city’s residents still have more wealth — more than US$3 trillion (NZ$5tn) — than those of any other metro in the world.New York has almost 350,000 millionaires, which is the most of any city and up 48% from a decade ago, according to a global ranking of the wealthiest cities by Henley & Partners, an immigration consultancy. That means about one in every 24 of the Big Apple's 8.26 million residents has a seven-figure net worth, compared with about...

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