Hong Kong Has More Millionaires Than New York City

Hong Kong has officially surpassed New York City as the place with the highest concentration of super wealthy people.

Hong Kong has seen a 31% increase in the number of ultra-rich residents worth at least $30 million, according to a report released Thursday from the data firm, Wealth-X. The region had just over 10,000 residents who fall into the "ultra-high net-worth" category, compared to roughly 9,000 ultra-high net-worth people in New York City.

Tokyo, Los Angeles, London, and Paris were also among the top 10 cities on the list.

Globally, the number of ultra-wealthy people rose by 13% in 2017, totaling over 250,000. According to the data, that cohort has a combined net worth of $31.5 trillion.

A majority of the super-rich made between $30-$100million, while more than 2,700 people — or roughly one percent — made $1 billion or more last year. Women accounted for nearly 14% of ultra-high net-worth individuals, a record high for the group.