The yearly Knight Frank’s Wealth Report that surveys the movements of the global ultra-rich has been released (h/t CityLab), and–truly, surprise!–New York City’s status amongst the moneyed elite has dropped three places to rest as the number four city most populated by individuals who have amassed over $30 million in personal wealth.
What’s eyebrow-raising is that as of 2013, 7,580 of these Ultra High Net Worth Individuals (UHNWI) lived in New York. That number is now 3,008. Whether the plummet has to do with the rise of other global cities, or whether it has to do with a change in methodology behind the report (which accounts for assets like yachts, real estate, private jets, and really, really expensive art and wine) is unclear.
London topped the 2015 list as the global city with the highest number of UHNWI, followed by Tokyo and Singapore.
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