NYC has the highest concentration of those earning $250K+ a year, per Knight Frank
The world’s population of ultra-rich is growing, and their real estate investments are pushing up real estate prices in cities from New York to Guangzhou, China.
According to Knight Frank’s 2018 wealth report, there were 2.5 million people with assets of $5 million or more last year — up 9 percent compared to 2016 and up 20 percent compared to five years earlier.
As for those with $50 million or more? There were 129,730 in 2017, a 10 percent jump from 2016 and 18 percent more than 2012, per Knight Frank. The world’s demi-billionaires — or those with $500 million or more — numbered 6,900 in 2017, up 11 percent from 2016 and 14 percent since 2012. Continue Reading ›