The millionaire populations of Dubai, Mumbai, and Shenzhen are anticipated to interrupt into the Prime 20 wealthiest cities by 2030, based on international wealth intelligence agency New World Wealth.
“Cities with robust oil and fuel industries are performing particularly nicely this 12 months, together with the likes of Riyadh, Sharjah, Luanda, Abu Dhabi, Doha, and Lagos. Others on the fastest-growing listing embrace Lugano, a Swiss hotspot for prosperous retirees, Bengaluru, the ‘Silicon Valley of India’, and Hangzhou, one in all China’s most scenic cities,” mentioned to Andrew Amoils, Head of Analysis at New World Wealth.
The US dominates the world’s Prime 20 cities with essentially the most millionaires in 2022, with New York taking the crown with 345,600 millionaires, and 5 different American cities — San Francisco, Los Angeles, Chicago, Houston, and Dallas — securing locations on the coveted world’s wealthiest cities rating. Tokyo is in 2nd place with 304,900 resident high-net-worth people price over USD 1 million, and London, the wealthiest metropolis on the planet for a few years, drops to 4th place under the San Francisco Bay Space with simply 272,400 millionaires, based on the newest Henley International Residents Report, which tracks non-public wealth migration developments worldwide.
Two Chinese language cities, Beijing (ninth) and Shanghai (tenth), make it into the Prime 10, and Switzerland and Australia every handle to safe two high metropolis spots, with Sydney (eleventh), Zurich (fifteenth), Melbourne (seventeenth), and Geneva (nineteenth) all making the minimize. Singapore (fifth), Hong Kong (SAR China) (twelfth), Frankfurt (thirteenth), Toronto (14th), Seoul (sixteenth), and eventually Paris, plummeting 3 locations to twentieth, make up the remainder of the 2022 rating.
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