Tri-State Still Has ~50,000 Rich People

And you’ll soon find out whether you’re one of them.

Despite the “wail of the rich,” there are still people with money out there - a lot of them. You may have heard that exec/finance/? magazine Portfolio is folding, but never fear - there’s still a magazine out there for you, oh wealthy reader.

Singaporean publisher CR Media is hitting these shores with a new New York luxury magazine called Prestige New York. And wannabes need not apply - they’ve come up with a way to detect whether you are of among 50,000 people in the tri-state area that *still* have a net worth of at least $10MM, reports the WSJ. And in case you’re thinking that $10MM is a pretty low hurdle - don’t worry, it doesn’t include primary residences.

Their coverage will include stories about “city society leaders, entrepreneurs, philanthropists, politicians and innovators common in most luxury magazines, but with an international twist,” according to Brand Republic.

2 Comment(s)

  1. On May 6, 2009, a said:

    “it doesn’t include primary residences”
    Still sounds pretty low…especially for NYC…

  2. On Apr 30, 2010, Carlos said:

    I’ve seen their Singapore edition and it’s fantastic! Great coverage. They should launch a Prestige edition here in South Florida for Miami or Fort Lauderdale.

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