In 2016, the New York Metro Area was home to the highest number of “ultra-wealthy” residents in the world. A new report shows about 8,350 residents with a net worth of at least $30 million called the Big Apple their home last year, an increase of about 9 percent from last year. When focusing on just the five boroughs, most of the city’s wealthiest neighborhoods can be found in Manhattan, as Curbed NY discovered. Taking this year’s title as the richest NYC enclave? The Upper East Side.
There’s often a lot of argument about what constitutes middle class, but it looks like wealthy folks might have a better measuring stick. Quartz recently took a look at a new report from Brookings which ran the numbers on the 50 largest cities in the U.S. to find out what the nation’s top 5 percent earn and where they earn the most. As you may suspect, there’s a huge gap in wealth between cities depending on where you look, but what may be of interest to you is the number that pops up when looking at NYC. What they found was that the top earners here are pulling in $243,529 on average.
Ever wondered where the world’s richest people live? While London and New York are ol’ standbys, as you may have guessed, it looks like the wealthiest of the wealthy are popping up in completely new locales. CityLab recently took a look at Knight Frank’s Wealth Report 2015, which identifies the world’s “ultra-high-net-worth individuals” (UHNWI), a set of the global population that accounts for those with more than $30 million or more in net assets, and found that there are roughly 173,000 people in the world who fall in this category. To put that number in perspective, these folks make up the upper 0.002 percent of the world’s 7 billion inhabitants and hold over $20 trillion of its money.