Study: One in every 25 New Yorkers is a millionaire

Do you live in New York? Are you a millionaire?

You're in good company, as a new study released today found that more than one in every 25 New Yorkers is worth at least $1 million. Consulting firm WealthInsight, in conjunction with Spear's magazine, took on the Herculean task of ranking the world's top 20 global cities based on portion of population exceeding $1 million in net worth.

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Sarah Eberspacher

Sarah Eberspacher is an associate editor at TheWeek.com. She has previously worked as a sports reporter at The Livingston County Daily Press & Argus and The Arizona Republic. She graduated from Northwestern University's Medill School of Journalism.