New York City bounced back from a mass exodus of wealthy people during the pandemic and maintains its spot as the city with the highest number of ultra-rich people, but it might have to reckon with the reality that several other burgeoning hubs are starting to attract more millionaires.
The Big Apple is the world’s wealthiest city by a wide margin, according to a new report released Wednesday by investment migration consultancy Henley & Partners. The global financial and cultural hub boasted 340,000 high-net-worth individuals last year, defined as people worth over $1 million, while 290,300 millionaires lived in the world’s second-wealthiest city, Tokyo.
