These are the cities with the most ultra-rich

10 September 2018
746 Views

The number of super-rich individuals across the world is increasing. According to the Wealth-X annual World Ultra Wealth Report, the number of ultra-high-net-worth individuals or UHNWIs (defined as being worth $30 million or more) grew 13 per cent last year to 255,810. That growth was driven by soaring stock markets, steady economic growth, robust asset markets and stable exchange rates against the dollar. Collectively, those 255,810 people are worth around $31.5 billion.

For years, North America has been the driving force in millionaire creation but today, that mantle is being passed over to Asia. The research found that the number of super-rich individuals in Asia climbed 19 per cent in 2017, twice the North American growth rate, driven by increasing wealth levels in China. That has resulted in Hong Kong overtaking New York as the city with the largest UHNWI population. The former British colony saw its population of individuals worth $30 million plus go up 31 per cent last year to 10,000, beating The Big Apple’s 8,900. Tokyo rounds off the top-three while Paris leads the way for Europe in fifth with 4,000.

source: statista

You may be interested

Coronavirus Greece: 2,215 new cases, 451 intubated, 32 deaths
GREECE
shares27 views
GREECE
shares27 views

Coronavirus Greece: 2,215 new cases, 451 intubated, 32 deaths

makis - Mar 05, 2021

Greece announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,215, of which 15…

Great city routes to explore on foot in Athens
ART
shares25 views
ART
shares25 views

Great city routes to explore on foot in Athens

Panos - Mar 05, 2021

Athens reveals its best charms to those who put one foot in front of the other! Whether you’re looking to…

Jerusalem Post: Turkey tries insulting Egypt, Greece in imaginary maritime deal – Analysis
DEFENCE
shares42 views
DEFENCE
shares42 views

Jerusalem Post: Turkey tries insulting Egypt, Greece in imaginary maritime deal – Analysis

Panos - Mar 05, 2021

Turkey has invented a new “reconciliation,” after attempts to spread propaganda stories of “reconciliation” with Israel failed last year. In…

Leave a Comment

Your email address will not be published.