Speed Reads

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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.

New York is the top U.S. city to make the list with 4.63 percent of its population, or 389,100 people, worth at least $1 million — the other two are Houston (No. 18) and San Francisco (No. 19). Analysts at WealthInsight credited the rankings in large part to banking and financial centers, which were overly represented in the top cities (Monaco, Zurich, and Geneva claimed the first three spots, respectively).

Check out the full list via Spear's — then consider copying my plan of grabbing a lotto ticket on the way home.