New York Becomes the Richest City in the World with 59 billionaires . ( see List )

New York has officially Become the Richest City in the World with 59 billionaires has learned.

According to a new report by investment migration consultancy firm, Henley & Partners, round 345,600 millionaires reside in the city, alongside 15,470 multi-millionaires who have assets worth over $10 million, 737 centi-millionaires (wealth of $100 million or more) and 59 billionaires, the report said, making the financial center of the U.S.  the wealthiest city in the world by a large gap.

The report also reveals that over 3% of New York’s 8.38 million citizens own investable assets 15,470 multi-millionaires – e.g property, cash or stocks – worth over $1 million. The number drops largely to 15,470 when evaluating those who have more than $10 million in assets.

Below are the 10 wealthiest cities in the world and the number of wealthy individuals who live in each of them according to Henley & Partners’ report.

1. New York, U.S. (345,600)

2. Tokyo, Japan (304,900)

3. San Francisco Bay Area, U.S. (276,400)

4. London, United Kingdom (272,400)

5. Singapore, Singapore (249,800)

6. Los Angeles, U.S. (192,400)

7. Chicago, U.S. (160,100)

8. Houston, U.S. (132,600)

9. Beijing, China (131,500)

10. Shanghai, China (130,100)

Furthermore, the total private wealth held by New York residents was according to findings discovered to have exceed $3 trillion. Remarkably, that’s more than the total private wealth held in most major G-20 countries.

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