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New York was named the richest city in the world: every 24th inhabitant is a millionaire

Kateryna MalayNews
New York is a favorite of millionaires. Source: Pexels

The largest US city, New York, has been recognized as the record holder for the number of millionaires. According to a recent study, every 24th resident of the Big Apple has more than a million dollars in their account.

According to the Daily Mail, investment company Henley & Partners has found out where the world's richest people live. By the way, New York is also considered one of the most expensive cities in the world.

The study was conducted based on data from an analytical firm that tracks the movements of more than 150,000 rich people. Particular attention was paid to the founders of companies and people from successful businesses who hold senior positions.

New York was named the richest city in the world: every 24th inhabitant is a millionaire

New York has many opportunities for wealth accumulation, which is why it is often chosen by millionaires and potential successful businessmen. "The Big Apple also offers a high standard of living with access to the best schools, hospitals, restaurants, entertainment, and cultural attractions. This attracts wealthy Americans and foreigners alike.

New York was named the richest city in the world: every 24th inhabitant is a millionaire

"The total wealth of the Big Apple's residents exceeds $3 trillion – more than most of the major G20 countries. The city is home to 349,500 millionaires, 744 centimillionaires (with invested wealth of more than $100 million), and 60 billionaires," the company said in a press release.

New York was named the richest city in the world: every 24th inhabitant is a millionaire

The second city, or rather region, in the list of settlements with the largest number of millionaires was the California Bay Area or the Bay Area in San Francisco. Tokyo took the third place.

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