Five charts to start your day
New York tops the list as cities with the most millionaires
New York City, a global beacon of wealth and prosperity, has seen a remarkable surge in the number of millionaires calling the city home over the past decade.
Despite concerns of a potential exodus of the wealthy to other states, a recent report by Henley & Partners reveals that New York City boasts more than $3 trillion in combined wealth, with nearly 350,000 millionaires residing within its borders.
This staggering figure equates to approximately one in every 24 residents having a net worth of at least seven figures, a significant increase from the one in 36 ratio observed in 2013. The city's enduring allure for the ultra-rich is further evidenced by the presence of 60 billionaires and 744 individuals with investable wealth exceeding $100 million. As New York City continues to attract and retain a substantial portion of the world's wealthiest individuals, it solidifies its position as a global hub for finance, culture, and innovation.
Source: Bloomberg
Coming up:
In real term, Chinese imports to the US have fallen to 2007 levels
The third worst year for 30-year bonds since 1919
The state of world press freedom
The carbon footprint of different transportation methods
If you like the sound of that line up, this is usually a paid newsletter. You basically get all my best ideas daily. Hit the subscribe button if you are interested and this will be sent to your inbox daily.
