Of all the cities in the US, it's little surprise that the Big Apple has the most millionaires. New York City had 349,500 as of December, a jump of 48% compared to 2013, the Henley and Partners' report said. This means about 7% of all millionaires residing in the US live in the city.
New York City, which encompasses five boroughs – Manhattan, Brooklyn, Queens, Staten Island, and the Bronx – had about 8.8 million residents as of the 2020 Census, making it the US' most populated city by a long way. Its population fell during the pandemic, though – the Census Bureau estimated its July 2022 population at 8.3 million.
New York City is a major hub for finance, advertising, media, and tourism. It's home to Wall Street as well as dozens of top law firms.
The city also had the highest number of people worth more than $100 million, according to Henley & Partners' ranking, with almost 750 so-called "centi-millionaires" residing there as of December.