Real Estate

NYC is the best city in the world for rich people

New York is the best city in the world — for the world’s richest people, according to a new study.

The study examined five areas that matter most to the global elite, and the Big Apple placed first in every category: overall desirability, wealth, investment, lifestyle and future.

London came in second place for overall desirability and future, while San Francisco came in second for lifestyle and Los Angeles came in second for wealth.

The study will be released on Wednesday at a Douglas Elliman and Knight Frank wealth conference in Manhattan.

“It is no surprise that New York has become the number one city for today’s ultra-high net worth individuals,” Howard Lorber, Douglas Elliman chairman, told The Post.

“New York is the center of world financial markets, fashion, food and entertainment, and it has world-class architecture framing unparalleled ultra-luxury residential opportunities — all in a market that has historically withstood global strife and uncertainty. It’s no wonder that people around the globe want to be part of our city,” he added.





The report also noted that the number of wealthy people has grown substantially in the United States in the past five years.

There are 20 percent more multimillionaires, who are worth $5 million or more; 18 percent more people worth $50 million or more during the same time period and 14 percent more people who are worth $500 million or more during the same five-year period.

Four out of the top five cities ranked for overall excellence were American. While New York was first, followed by London in second place, San Francisco ranked third, Los Angeles ranked fourth and Chicago ranked fifth.

New York also had the highest number of households earning $250,000 or more in the United States: 1.167 million. That was followed by LA, which had 637,749 households earning $250,000 or more. Chicago was third, with 400,416; San Francisco was fourth, with 396,431 and Washington, DC, was fifth with 366,560.





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