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Where In The World Are The Millionaires Hiding?
More millionaires live in Tokyo than in any other city, according to a new report from WealthInsight, 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 (since who can get by on a mere million dollars worth of wealth these days), London tops the list with 4,224 multi-millionaires. But when it comes to the real BSDs, New York City and Moscow rule the world with 70 and 64 billionaires respectively wondering the streets. As The Economist also notes, should you wish to rub shoulders with the rich, heading to Tokyo, London, New York, or Moscow would be a mistake - it is Frankfurt that 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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In Zimbabwe we're all trillionaires!
You mean the radioactive wasteland Tokyo? That Tokyo?
Try the seafood specials.
I bet all gold bugs here are millionaires.. After all their gold is worth $20,000 an ounce , isn't it?
Not all "gold bugs" are millionaires, not all millionaires are "gold bugs", and some are both. But the ones who are gold bugs will ultimately fare better than those who aren't.
Edit: If gold and silver deliveries were interrupted, I wouldn't part with an ounce for $20K.
LOL
You realize that there are folks here that bought gold pre 1974 when it was <$100/oz and didn't sell it when it hit $1,900. That would be a higher ratio than the one between the current price and the you postulated with your "joke".
You're funny until you're not.
Wealth does not consist in the accumulation of goods, but in the reduction of necessities.
I would say "reclassification" of necessities, Mr. Thoreau.
So one is wealthier if one kills off all their dependents? That's cold man.
You Are just an ASSHOLE!!!! get a life and get the fuck off of ZH..
A million dollars in very expensive Tokyo is not worth as much as a million in most of the other cities. I find the differences between the millionaire, mutilmillionaire and billionaire distribution differences between cities to be interesting.
and soon to be QUAKE ravaged Tokyo...
Yep, that Tokyo which will soon be a thing of the past when the govt. isn't able to cover up the radiation issue anymore.
$5.25 (plus free shipping) is all it takes be a trillionaire....
http://www.ebay.com/itm/100-TRILLION-ZIMBABWE-DOLLAR-MONEY-CURRENCY-P-91...
Addresses please? Inquiring minds would like to know...
so where is Mao's daughter?
there's .815 billion in her stash.
Communism For Some, $815 Million For Others: How Mao's Granddaughter "Greatly Leapt Forward" To Untold Riches
I hear that everyone's a trillonaire in Zimbabwe! Damn it, a day late and a trillion short.
Ours is not to reason why, ours is but to pry and pry.
They don't live there. It's just a p.o. box to avoid taxes.
Do we have enough lamp posts?
Don't laugh - pretty soon anyone with a part-time job flippin veggie-burgers at McBloomberg's is going to be a millionaire.
Thank the Bernanke.
Filthy rich and live in a radioactive pit? Proof money doesn't=brains.
The island cities with the tax havens have the most but they haven't been Switzerlanded yet
The global tyrants and criminals need somewhere to stash the cash
Same reason there's been no Fed audit.
Sorry, but having a million bucks ain't worth bragging about (thus the quiet), especially after taxes...
You have to be very stupid to be a billionaire or millionaire and live in Chicago. Awake up dubasses
Frankfurt? Could the lineage of these be traced to the nazi's who "inherited" the jewish wealth?
Since German money was marked to 0 in 1945, no.
So this means people who are worth a million or more in assets with no debt ?
I thought there would be a lot more.
Chart says "net assets of $1million or more". Says nothing about debt level.
But are they marked to market?
Mine are.
Braggart.
Signed,
Any Banque
A lot of them are in the range of 2-5m with 1-3m debt, often for two houses (one work, one vacation, an odd studio/cabin)
But those statistics are used/made by wealth management research for financials, so "net" means "merket/investable/bankable" for them
and yet... they are very few of them. and their numbers are dictated by power law distribution as Pareto found out
20% owns 80%, and if you segment it this law contines to apply, to the point where the joke is that at every table 5 people sit, one of them would be four times richer than all the others. increase the size of the table, the differences between the extremes increase (power law)
the top of the pyramid is the fishes that swim in the global pond, and so reach there their potential. no wonder they think globalization is good, btw, it makes them grow, too, particularly since they have an immense need of diversification (read about giants at FOFOA, it's funnily put)
close a country to commerce, and they deflate, adapting to the local pond if you want
goldfishes, not yeast, @LawsOfPhysics ;-)
Billionaires want to live in Chitcago? Stunned
Will they pay buy ins when their bank goes under and they have moar than 250k in 4 bank accounts
They will be given advance notice and conduits to pull funds through foreign branches. The template works for them.
so Austin or Coto de Caza did not make the cut.
Wealth is not measured by what you spend, but by what you accumulate.
I would venture a guess that there are probably many many more millionaires than included in these figures.
They are the wise ones who keep their mouths shut, carefully control their assets and live what appear to be fairly normal, middle-class lives.
More true than you realize.
I agree. I know for certain there are a lot of millionaires spread out across the so-called fly over states on farms, ranches and in small towns who don't give a shit about ever living in, or even visiting, any of the cities listed above.
In my neighborhood you're considered wealthy if you have a pot to piss in.
Russia doesn't care about stinking millionaires or multimillionaires; it's billionaires or bust!
From these numbers Munich would have 2.6 Mio. inhabitants. That is twice the number it actually has. And no there is no metropolitan area around it. Frankfurt numebrs also make no sense...
"Where are they hiding?" On their fancy yachts and estates, that's where. But not in Munich drinking at the Hofbrauhaus, or on the Rhine, drinking Riesling wine.
Here are some of the richest in Music: http://money.aol.co.uk/2012/04/26/the-ten-richest-millionaires-in-music/
http://rollingout.com/music/worlds-richest-musicians/ (Who the fuck is Jay-Z or Diddy? Never heard of them.)
In high-tech: http://www.thetimes.co.uk/tto/life/article3746149.ece (never heard of most of them).
In Acting: http://www.aneki.com/richest_actors.html (Adam-can't-act-Sandler, Vince Vaughn, Ben Stiller? Seriously?)
TV Personalities: http://www.cinemablend.com/television/Oprah-Simon-Cowell-Judge-Judy-Are-... (Simon-the-asshole Cowell and Judge-know-it-all-Judy? Really?)
http://www.therichest.org/celebnetworth/celeb/journalist/judith-sheindli...
http://www.nowpublic.com/culture/full-forbes-20-highest-paid-celebrities...
Howard-the-sleaze-bag-Stern? Really?
Now, how's about we leave the purity of Showbiz and go where the real wealth is - Hedge Fund Managers:
http://www.forbes.com/pictures/mdg45ghlg/ray-dalio-2/#gallerycontent (Fuck me, I'm NEVER, EVER, NEVER investing with any hedge funds!)
I gave you a greenie for the effort. And IMO "Greenberg" wasn't half bad.
This, put out by Her Majesty's Gov't, illustrates the value of not being seen.
Do these assholes have livestock? How about water collection? Timber? Food growing?
Their wealth exists only as long as their tangled web of ones and zeroes doesn't go kablooey. My county might not have millionaires, but we have fertile pastures, woods with game, and flowing water.
Have fun sucking down fukushima's radioactive farts.
You own a whole county?
In Kentucky that could cost you thousands of dollars.
I'm selling my pre-Fuki Alaska salmon on Ebay for $50 a can.....not much left out there...most of the other stuff glows in the dark and gives you thyroid cancer or leukemia or brain cancer...or.....
Do these assholes have livestock?
If you live in America, yes they do. Just look around the next time you're at the mall.
There are more Japanese billionaires then anywhere else. It's just a cultural thing in Japan to never play up your wealth.
This list is BS. Where is DETROIT!!!!?????
But are you really a billionaire if the government can seize you ass(ets) whenever it's not happy with you (as in Moscow)?