Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle.
According to a new report published today by Henley & Partners, a firm that tracks wealthy individuals across the globe, New York tops the list of 20 cities with the most millionaires in the world.
The firm defines millionaires as anyone with $1 million or more in investable assets. That includes everything from cash, checking, and savings accounts to investments in stocks, government bonds, and mutual funds.
Several cities across the US are quickly catching up to the Big Apple, though, due in part to New York losing 12% of its wealthiest denizens over the first half of 2022. The San Francisco area, which came in second, saw its billionaire index increase 4% over that time frame, according to data collected by the intelligence firm New World Wealth.
On the whole, the US had the highest representation of any country on the list, with six of its major metropolitan areas claiming spots within the top 20. Across the world, Abu Dhabi and Dubai appear to have some of the fastest growing populations of millionaires, according to the report. While Russia — which has witnessed a mass migration of its moneyed classes in the past several years — had the largest outflow of millionaires of any country in the world.
See the full list of the top 20 millionaire metropolises and megalopolises below.
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