New York Overtakes London As #1 City For The Super-Rich
New York has overtaken London as the place to be for the Elite of the Elite.
The super-rich of the world have crossed the pond to the New World in order to find refuge in a city that can fully accommodate their rackiness (which is a Gen-Y term for balleristic tendencies).
London used to be the home of the 1% of the 1%, but New York has become the hot spot for those looking to escape the pedestrianism of the world.
Many believe the shift has come due to the introduction of a mansion tax in the UK.
Paris ranked third, while Tokyo, Hong Kong, Singapore and Sydney took up fourth, fifth, sixth and seventh, respectively.
Despite the outlandishness of Dubai, it ranked 29th on the list.
Hugh Everett | Elite.