The number of individual millionaires in the D.C. area has grown by 75% in the last decade.
But it ranks nowhere near the top for wealthiest cities in the world, based on the number of millionaires.
Henley & Partners’ annual “World’s Wealthiest Cities” report ranks the D.C. region at No. 40 out of the top 50, with 28,300 individuals having at least $1 million in liquid investable wealth. D.C. also registers 88 centi-millionaires, or those with at least $100 million in investable wealth, and 12 billionaires.
New York City firmly leads the global list, with 349,000 millionaires, 774 centi-millionaires and 60 billionaires.
The total wealth held by New York City residents now exceeds $3 trillion — higher than the total wealth held in most major G20 countries, according to Henley & Partners. The number of millionaires in New York City has grown by 48% in the past decade.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
