New York City draws those with dreams of making it big and those who already have in equal measure.
The latest proof of this comes in the form of a new report from the financial information firm Wealth X and real estate platform REALM. Their finding, reports Barron’s: no city on the face of the planet has a higher number of individual homeowners who have an ultra-high net worth, defined here as over $30 million.
The joint study, entitled “Spotlight on the World’s Leading Markets for the Wealthy: Residential Real Estate 2021,” is an attempt to find out where the world’s ultra-high-net-worth homeowners, or individuals worth $30 million or more, actually live. And the answer was clear: New York City. The two groups found that 24,660 members of this class had either a primary or secondary residence in the Big Apple as of December 2020.