Where do the richest people in the world live?
Ultra-High Net Worth Individuals or (UHNW) folks have assets of more than $30 million, and they live in these cities as of 2014:
- London
- New York
- Singapore
- Hong Kong
- Geneva
- Shanghai
- Miami
- Dubai
- Beijing
- Paris
It is predicted that in 10 years, these will be the richest cities in the world:
- New York
- London
- Hong Kong
- Singapore
- Shanghai
- Beijing
- Dubai
- Miami
- Geneva
- Mumbai
…and the 5 fastest growing city hotspots are:
- Sao Paulo
- Istanbul
- Abu Dhabi
- Mumbai
- Sydney
Interestingly, in North America, 28% of UHNWI’s own a home, and it represents 28% of their net worth, owning on average, 2.4 homes:
They’re considering buying another home in 2014 (just over 1/5th of them), and 15% want to relocate for a better quality of life, and are more likely to want to move to the United Kingdom.
Via: The Wealth Report
11 Comments
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Michelle
I’m intrigued by the fact that I’ve spent time in 5 of those cities and haven’t met a rich man in any of them. I think I’m doing something wrong. Will ponder that.
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SP
Miami is nice and all, but I’m surprised to see it on the list. I wonder why? Like, what is the industry that drives it up, or the appeal? Compared to the others, it seems like a much las global city.
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save. spend. splurge.
The great humid weather? I think it might also be the 0% state taxes, it’s full of golf courses, and that beach is to die for.. When I lived there, they had this amazing island (private of course) that had these massive houses on the way to the beach…
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jane savers @ solving the money puzzle
Could you figure out where the extremely rich single middle aged men live and post that? I am considering a move.
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Mark Ross
Interesting article! I’m just shocked Mumbai is included on that list. It’s not that I hate India, but I just think there are better places to live than there.
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save. spend. splurge.
@Mark Ross: Well I doubt it’s foreigners living there, it’s probably uber rich Indians in steel and so on that are there 🙂
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Charles@gettingarichlife
9 out of 10 places I would like to visit and ask how the hell do people afford to live here? No desire for Mumbai though.
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I’m curious in not San Francisco in that list cause it seems like one must be worth $30MM in order to live here.