Yes, based on the latest available data, New York City is considered the richest city in the world.
According to a recent report, New York holds the top position globally in terms of wealth concentration. This is due to a high number of affluent individuals residing there, making it the world’s richest city in 2024.
Wealth Statistics for New York City
The concentration of wealth in New York City is substantial, with the following statistics:
- Millionaires: 349,500
- Centimillionaires (Individuals with investable wealth over $100 million): 744
- Billionaires: 60
Collectively, these affluent individuals possess over $3 trillion in wealth. To put this into perspective, this amount surpasses the total wealth of many major G20 countries.
The data clearly shows that New York City not only has a high concentration of millionaires and billionaires, but that the total value of their assets is remarkable, solidifying its position as the richest city in the world.
