Same day, different holiday: Mid-autumn festivals across East Asia
N.Korea could use nuclear weapons at any stage of conflict: Pentagon
Yoon hosts luncheon meeting with Korean atomic bomb victims in Hiroshima on Chuseok
Swimmer, gamers celebrate Chuseok with gold medals
Memorials commemorating Itaewon crowd crush to be erected at accident site
The many regional flavors of songpyeon, a Korean holiday dessert
Opposition leader proposes meeting with Yoon amid growing party feud
NewJeans hits 1 bln streams mark on Spotify with debut album
Whisky imports surge 40% through August, suggesting record-breaking year
With teammate's help, inconsolable shooter regroups in time to win bronze
[Graphic News] Asian cities top millionaire listBy Korea Herald
Published : May 9, 2013 - 19:50
According to a list of cities with the most millionaires, multimillionaires and billionaires released by Wealth Insight, a London-based wealth consultancy company, six cities in Asia ranked in the top 10.
Tokyo topped the list with 461,000 millionaires, or persons with more than $1 million in assets minus liabilities. New York and London came in second and third, respectively.
Tokyo ranks at the top because of its population density in urban areas, and 20 percent of Japan’s wealthy live in Tokyo, according to U.S. business news channel CNBC.
Seoul is the 11th on the list, with 131,000 millionaires.
Wealth Insight predicted that China would surpass Japan on the millionaire list and rank at second next to the United States by 2020.
New York tops the list of billionaires, with 70 billionaires calling it home. Moscow, which is not ranked in the top 10 on the millionaire ranking, ranked second on the billionaire list. Third place went to London.
By Choi In-jeong (firstname.lastname@example.org)
Articles by Korea Herald
S. Korea wins bronze in pistol mixed team event for 14th shooting medal
Traffic heavy on expressways following Chuseok
S. Korea to extend $5 mil worth of fertilizer aid to Ukraine via U.S. agency