Where is the wealth concentrated in the world! According to a new report from WealthInsight, Tokyo is beating out New York and London.
The Economist notes
that the city, which boasts 460,700 individuals with net assets of $1m
or more (excluding their primary residences), is home to over a fifth of
Japan's millionaires. However, when it comes to real money London
tops the list with 4,224 multi-millionaires.
But the real surprise is Frankfurt which has the highest millionaires per capita (with 75 out of every 1000 people having at least a seven figure net worth).
Source: The Economist
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