New York is the globe’s millionaire mecca.
While the US minted an additional 300,000 new millionaires last year — raising the total to a record 10.4 million nationwide, according to a new Spectrem Group study — the Big Apple is rolling them out even faster.
Millionaires, multimillionaires — the city never sleeps in manufacturing high rollers.
And in the category of the richest of the rich, New York wins hands down: The number of our households with annual gross incomes of $200,000 or more hit nearly 247,000 in 2014, according to the Census Bureau.
New York City has the largest population of super-rich on the planet — 8,655 individuals, just over 12 percent of the nationwide total, each having at least $30 million in net assets, according to a recent Wealth-X study.
Not surprisingly, financial advisers in New York reap the benefits of a marquee client list.
David Madee, an adviser at Cantella & Co., said his client, an immigrant from Poland, made his first million by age 20. Eventually, after buying a home in the Hamptons, a luxury $400,000 Mercedes-Maybach and a regular table at New York’s posh downtown Cipriani’s, he settled down.
“He would only invest in triple-A-rated municipal bonds,” Madee told The Post. “After a rough-and-tumble career, he wanted security and reliable, tax-free income.”
If the New York-super rich are typical of their counterparts nationwide, they spend a whopping $1.1 million a year each on luxury goods and services, according to Wealth-X.
But it’s really not all about self-indulgence.
Timothy Speiss, partner-in-charge of EisnerAmper’s Wealth Advisor Group in New York City, said many of his ultrawealthy clients are philanthropists, good souls doing good works.