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One in every 25 New Yorkers is a millionaire, study says
One in every 25 New Yorkers is a millionaire, study says

Walk down the street in New York and you're virtually guaranteed to see several millionaires. That's because more than 1 in every 25 New Yorkers is a millionaire, according to a study released Tuesday. The Big Apple ranks fourth in a listing of the top 20 global cities based on the portion of their populations whose net worth, excluding primary residence, tops $1 million. Altogether, 4.63% of New Yorkers, or 389,100 people, are millionaires, according to the analysis by Spear's magazine and consulting firm WealthInsight. “New York has long been the bastion of wealth not only in America, but the world," said Oliver Williams, an analyst...

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