According to the provided reference, New York City is the world's wealthiest metropolitan area.
New York City: The World's Wealthiest Hub
Based on the concentration of high net worth individuals, New York City holds the top spot as the richest city globally.
The data highlights impressive figures for the Big Apple:
- Millionaires: New York City is home to 340,000 millionaires.
- Billionaires: The city boasts 58 billionaires.
These figures underscore the significant accumulation of wealth within the metropolitan area.
Growth in Wealth
The reference also notes a substantial increase in wealth over the past decade, despite recent challenges:
- Between 2012 and 2022, the number of high net worth individuals residing in New York City saw a 40% increase.
- This growth occurred even as the COVID-19 pandemic prompted an exodus of wealthy residents from the city.
This metric of wealth concentration, particularly the number of millionaires and billionaires, is a key factor in determining a city's status as the wealthiest.
For more details, you can refer to the source mapping The World's Wealthiest Cities, by Millionaires and Billionaires.
