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  1. Wealth
September 20, 2016

Where the millionaires are might surprise you

By Zahra Al-Kateb

If you were looking for millionaires, you’d probably head to London or New York or Monaco. But you might be better off trying Tokyo.

A new study from London-based WealthInsight, the independent research firm, ranked Tokyo the number one city in the world when it comes to millionaire population. The group defines millionaires as those individuals with $1 million or more in assets, not including the value of their primary homes.

The study found that Tokyo has 461,000 millionaires. New York ranked second with 389,000, followed by London (281,000), Paris (219,000) and then Frankfurt (217,000).

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