One in 25 New Yorkers Is a Millionaire
Posted October 1st, 2014

One in 25 New Yorkers Is a Millionaire

statue of libertyA new global study of wealthy metropolitan areas by a British banking magazine and consulting firm reveals that one in every 25 New Yorkers has a net worth of $1 million or more, excluding their primary residence. In addition to New York (4 percent), Houston and San Francisco (each at 2 percent) also were included in Spear’s magazine and WealthInsight’s listing of the 20 global cities with the highest percentage of millionaire residents. Only Monaco (29 percent), Zurich (27 percent) and Geneva (18 percent) have a higher percentage of millionaires than New York.

When determining which cities have the most billionaires, London comes out on top. According to a report recently published by The Sunday Times, London is home to 72 individuals with assets of £1 billion or more ($1.6 billion). Moscow comes in a distant second with 48 billionaires, followed by three U.S. cities—New York (43), San Francisco (42) and Los Angeles (38). The Sunday Times also reported that Britain is home to more billionaires per capita than any other country, with one billionaire per every 607,000 Britons. In comparison, the United States claims roughly one billionaire per every one million citizens.

Would you like to be able to find your high-income and high net worth donors and prospective donors? Sharpe Data Enhancement Services are fast and efficient. Wealth and income ranges are attached to your constituent files, and Sharpe consultants are available to walk you through the process and assist you with specific recommendations based on your own enhanced donor files. For more information, call 901.680.5300.

Print Friendly, PDF & Email

The publisher of Sharpe Insights is not engaged in rendering legal or tax advisory service. For advice and assistance in specific cases, the services of your own counsel should be obtained. Articles in Sharpe Insights may generally be reprinted for distribution to board members and staff of nonprofit institutions and other non-donor groups. Proper credit must be given. Call for details.

Sharpe Insights

Site Search

Sharpe Insights Archives

2024 Issues 2023 Issues 2022 Issues 2021 Issues 2020 Issues 2019 Issues 2018 Issues 2017 Issues 2016 Issues 2015 Issues 2014 Issues 2013 Issues 2012 Issues 2011 Issues 2010 Issues 2009 Issues 2008 Issues 2007 Issues 2006 Issues 2005 Issues 2004 Issues 2003 Issues 2002 Issues 2001 Issues 2000 Issues 1999 Issues 1998 Issues 1997 Issues