U.S. and Chinese cities dominate the ranking of the world's 10 wealthiest cities in terms of millionaire residents, with London the only European city to feature, according to PR Newswire.
The ranking of the world's richest cities in 2023 was jointly released today (18th) by the international investment immigration company Henley&Partners and the global wealth intelligence company New World Wealth (New World Wealth).
The picture shows Hong Kong Central. (Hong Kong China News Agency)
New York City has 340,000 millionaires, making it the wealthiest city in the world, while the other two American wealth centers—— San Francisco and Los Angeles – third and sixth respectively, with 285,000 and 205,400 high net worth individual residents ).
Tokyo, which topped the list ten years ago, fell to second place with 290,300 millionaires, and London, which has been the world's richest city for years, fell to second place with 258,000 high-net-worth individual residents. fourth place.
Singapore is widely regarded as the most business-friendly city in the world and one of the top destinations for millionaire relocation, ranking fifth with 240,100 millionaire residents, while Sydney Ranked 10th with 126,900 millionaires.
Sydney, home to one of the most exclusive residential suburbs in the world, has experienced particularly strong wealth growth over the past two decades and is expected to be among the top five wealthiest cities in the world by 2040.
Three Chinese cities entered the top ten, Hong Kong (129,500 millionaires), Beijing (128,200) and Shanghai (127,200) ranked seventh and eighth respectively and ninth place. While Beijing and Shanghai have both climbed the rankings over the past decade, Hong Kong has slipped, falling from fourth place in 2012 to its current seventh place.
Dr. Juerg Steffen, CEO of Henley&Partners, said that 7 of the world's top ten wealthiest cities have launched formal investment immigration programs and actively encourage foreign direct investment in exchange for residency or citizenship s country.
The US and China also dominate the top 10 fastest-growing cities in terms of millionaire residents over the past decade. As one of the most popular holiday destinations in China, Hangzhou willThe number of high-net-worth individuals in Shenzhen and the port city of Guangzhou has also increased significantly, increasing by 98% and 86% respectively.
The three fastest-growing millionaire hotspots in the U.S. are Austin (102 percent increase in affluent residents), West Palm Beach (90 percent) and Scottsdale (88%).
India has two cities in the top 10 – Bengaluru (88%) and Hyderabad (78%) – and the last two cities are Saudi Arabia, the cultural center of the UAE. Sharjah (84%) and Vietnam's Ho Chi Minh City (82%), which is fast becoming Asia's next major wealth center.
New World Wealth Research head Andrew Amoils said traditional "gold magnets" (where wealth is concentrated) have also experienced particularly strong growth over the past decade. "Monaco (Monaco) can be described as the top safe haven for the world's super rich. The per capita wealth of Monaco residents exceeds 10 million US dollars, making the local city the number one city in terms of per capita wealth. Monaco is also the most expensive city in the world, with apartment prices exceeding per square meter USD 35,000.Dubai is another major international wealth center, and Dubai pursues a low-tax system, attracting millionaires from all over the world. In 2022 alone, about 3,500 high-net-worth individuals will move here cities."
