1 in 24 New York City residents are millionaires, more than any other city
CBSN
New York has more millionaires than any other city in the world, beating out California's Bay Area, London and other wealthy cities, according to a new report.
Nearly 350,00, or one in every 24 residents of The Big Apple are millionaires, according to a new ranking from Henley and Partners. New York City is also home to 744 centi-millionaires, worth at least $100 million; and 60 billionaires. The combined total wealth of the city's residents is greater than $3 trillion.
New York tops the list of richest cities despite some of its wealthiest residents fleeing for Miami, now dubbed Wall Street South, as finance firms set up shop in the Sunshine State. Billionaire hedge fund Ken Griffin recently moved Citadel's headquarters from Chicago to Miami. Miami was ranked 33rd on the list, with 35,300 millionaires, up 78% from 2013.
