Posted by Leonard Steinberg of URBAN COMPASS on September 18th, 2014 The world’s (known) billionaire population has grown by over 7% in the past year to 2,325. Of that, 103 of them live in New York and 571 in the USA. 8 of the TOP 20 Cities are now in Asia. 81% of billionaires are… [Read More]
NUMBER OF US MILLIONAIRE HOUSEHOLDS RISES 18%, CHINA UP 82%!
Posted by Leonard Steinberg on June 11th, 2014 For anyone worried that there may not be enough buyers for luxury New York apartments, take a deep breath. The Boston Consulting Group has determined that the number of millionaire households in the US grew by 18% last year from 2012. The total number of millionaire households in… [Read More]
SO WHATS SO GREAT ABOUT USA REAL ESTATE?
Posted by Leonard Steinberg on July 4th weekend, 2011 As we pause in the middle of the year I reflect on what is great about the USA, and specifically what is so great about American real estate. Here is my list: 1) You don’t have to know the royals to build something: Unlike… [Read More]
THE TWO USA ECONOMIES: HERMES vs. H+M
In to-day’s New York Post, a story talks about the mounting evidence that there are two US economies operating side by side. They are correct. While Main Street consumers struggle with high unemployment and mainstream retailers are forced to mark down merchandise to spark even mid-single digit sales gains, the luxury market is enjoying flush… [Read More]
16% MORE MILLIONAIRES IN 2009
The millionaires’ club in the United States grew by 16 percent in 2009, following a 27 percent decline in 2008. Families with a net worth of at least $1 million, excluding primary residences, rose to 7.8 million in 2009, an increase from 6.7 million a year earlier, according to a survey of high-net-worth U.S. households… [Read More]