By Jordan Heller
MANHATTAN — If the trickle-down economists are correct, then New York City should be well on its way to a full economic recovery.
The Big Apple boasted more millionaires in 2009 than at the height of the boom in 2007, and throughout the economy's roller-coaster ride, New York's millionaire population has managed to leave other cities in the dust, according to the Metro Wealth Index, which was created by the consulting firm Capgemini and released on Tuesday.
Between 2007 and 2009, according to the study, New York has had more millionaires than Los Angeles, Chicago, and Washington, D.C. combined — the next three metropolitan areas on the list.
The report puts New York City's 2009 millionaire population at 667,200, up more than 17,000 from the city's 2007 total of 650,100 persons with $1 million or more in investable assets.
Despite the growth, the city's fat-cat population wasn't totally unscathed by the Great Recession. In 2008, according to the report, New York City's millionaire population dipped to 561,800 before rebounding with an 18.7 percent uptick in 2009.