As anyone who’s strolled along Park Avenue can attest, New York City has always been a playground for the uber-wealthy.

New York ranks second in Forbes‘ list of favorite cities of the super rich, behind London and just ahead of Hong Kong.

Out of 57,860 ultra-high net worth people living in the US, 13 percent live in the New York City area, according to a 2011 study by research firm Wealth-X in Singapore, itself ranked #5 on the list. Wealth-X defined ultra-high net worth individuals as those with at least $30 million in assets, including real estate, art and other property.

European and Asian metropolises dominated the Forbes list, with four entries each out of a total of eleven. Luxury real estate consultancy Knight Frank predicted that glamorous Old World meccas Paris (#4) and Geneva (#7) would slip in the rankings in the next ten years, replaced by Shanghai (#8) and Beijing (#9). The only other North American city mentioned, Miami (#6), is expected to fall out of the top ten entirely in the next decade.

Take a look at the full list; do you agree with the rankings?

Developments featured in this article

More Like This

Facebook Chatter