Published On: Fri, Jul 25th, 2014

Global Cities With The Highest Millionaire Density

Monaco port-187475_640

 

According to a study carried out by Spear’s magazine and wealth consultancy company WealthInsight, the tiny principality of Monaco has the highest density of millionaires in the world. Well known for being a playground for the rich and famous, almost a third of its 37, 000 population hold net assets of $1 milllion or more (excluding their primary residences). After Monaco, you’re most likely to pass a millionaire on the streets of Zurich in Switzerland. 27.34 percent of Zurich’s population are millionaires. Another Swiss city, Geneva, rounds off the top three with a millionaire density of 17.92 percent. The gap between the top three and the rest is quite considerable. New York makes it into fourth place with 4.63 percent while Germany’s financial capital, Frankfurt, completes the top five with a density of 3.88%.

 

California Tops America’s Millionaire League

Across the United States, there are 304, 118 millionaires, roughly equivalent to the population of Iceland. Silicon Valley and Wall Street have propelled California and New York into first and second place in America’s millionaire league. 

California has a grand total of 45, 109 millionaires while New York has 38, 240. Texas rounds off the top three with 27, 347. These figures were released by the Internal Revenue Service based on 2011 tax returns.

 

Infographic: Global Cities With The Highest Millionaire Density  | Statista

You will find more statistics at Statista

 

Infographic: California Tops America’s Millionaire League | Statista
You will find more statistics at Statista

 

 

 

 

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