New York State ranks third richest in the US with 340,000 millionaires in NYC, hosting 62 Forbes 400 members.

New York State, despite its high taxes, is the third richest in the US and home to the most millionaires globally, with 340,000 in NYC alone. It hosts 62 Forbes 400 members, including billionaire Michael Bloomberg (worth $106.2bn) and Julia Koch ($65.7bn). The state's wealth is attributed to a thriving financial industry and media giants like Bloomberg LP, co-founded by Bloomberg.

June 29, 2024
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