ROBB REPORT: NYC Has More Ultra-Rich Homeowners Than Any Other City, a New Study Says

Robb Report

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.