Research Firm: New York Will See Increase In High-Wealth Individuals Over Next Decade

NEW YORK(CBSNewYork) -- New York City is already home to a lot of millionaires, but the Big Apple could soon play host to even more.

Listen to New York Will See Increase In High-Wealth Individuals Over Next Decade

Within the next decade the city will have more high-wealth individuals than any city in the world, according to research from Wealth Insight.

New York is currently ranked fourth in the world for millionaires.

As WCBS-880's Ginny Kosola reported, wealth managers, private banks, a stable government, and places to spend money topped the list of features that attract the wealthy.

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