Two days in the past, GOBankingRates launched a research on the world’s newest wealthy record, exhibiting cities with the fastest-growing millionaire populations. The knowledge contained therein The World’s Richest Cities 2023 Reportwas compiled by funding migration consultancy Henley & Companions and whereas among the findings could appear apparent, others are utterly revealing.
This info might be invaluable to companies, significantly retailers. The distribution of millionaires in several cities can present perception into the financial well being and prosperity of these areas. Cities with excessive concentrations of millionaires typically have strong and numerous economies, offering alternatives for enterprise development and funding.
The presence of millionaires can be an indicator of the prime quality of life in a metropolis. This may be mirrored in components such pretty much as good infrastructure, glorious healthcare, high quality schooling and a robust job market.
It may be helpful for buyers to know the place property are concentrated as this may also help information their funding choices. Cities with a excessive variety of millionaires can provide enticing alternatives for actual property, enterprise or different funding ventures.
The distribution of wealth in a metropolis can affect its social and cultural panorama. Cities with a excessive variety of millionaires might have a vibrant cultural scene, luxurious facilities, and unique occasions that outline the town’s total life-style and character.
Whereas the focus of millionaires in a metropolis represents just one side of the general financial and social panorama, it gives invaluable insights into the alternatives and challenges that will exist in that specific city setting.
Under are Henley & Companions’ 12 wealthiest and fastest-growing cities with essentially the most HNWs (over $1 million), hundred millionaires (over $100 million), and billionaires (over $1 billion) – from excessive – rich buyers and their advisors, trade specialists and policymakers who wish to make their cities the wealth magnets of tomorrow.
Under are a dozen cities to be careful for, based on GOBankingRates and Henley & Companions:
1. New York Metropolis, United States
HNWIs: 340,000
Hundred millionaires: 724
Billionaires: 58
HNWI development in % (2012-2022): 40%
2. Tokyo, Japan
HNWIs: 290,300
Centi-millionaires: 250
Billionaires: 14
HNWI development in % (2012-2022): -5%
3. Bay Space, United States
HNWIs: 285,000
Hundred millionaires: 629
Billionaires: 63
HNWI development in % (2012-2022): 68%
4. London, United Kingdom
HNWIs: 258,000
Hundred millionaires: 384
Billionaires: 36
HNWI development in % (2012-2022): -15%
5. Singapore
HNWIs: 240,100
Hundred millionaires: 329
Billionaires: 27
HNWI development in % (2012-2022): 40%
6. Los Angeles, United States
HNWIs: 205,400
Hundred millionaires: 480
Billionaires: 42
HNWI development in % (2012-2022): 35%
7. Hong Kong (China Particular Administrative Area)
HNWIs: 129,500
Hundred millionaires: 290
Billionaires: 32
HNWI development in % (2012-2022): -27%
8. Beijing, China
HNWIs: 128,200
Hundred millionaires: 354
Billionaires: 43
HNWI development in % (2012-2022): 70%
9. Shanghai, China
HNWIs: 127,200
Hundred millionaires: 332
Billionaires: 40
HNWI development in % (2012-2022): 72%
10. Sydney, Australia
HNWIs: 126,900
Hundred millionaires: 184
Billionaires: 15
HNWI development in % (2012-2022): 35%
11.Chicago, USA
HNWIs: 124,000
Hundred millionaires: 295
Billionaires: 24
HNWI development in % (2012-2022): 24%
12. Toronto, Canada
HNWIs: 105,200
Hundred millionaires: 193
Billionaires: 18
HNWI development in % (2012-2022): 29%
