These are the cities with the most ultra-rich

10 September 2018
286 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

The must-visit churches in Athens
GREECE
shares401 views
GREECE
shares401 views

The must-visit churches in Athens

Panos - May 24, 2019

Most people visiting Athens know the city is packed with ancient ruins, archaeological sites, and museums. Turn a corner in…

Mustaches protect men from cancer, study says
GREECE
shares18 views
GREECE
shares18 views

Mustaches protect men from cancer, study says

Panos - May 24, 2019

For all of those men who view a mustache as a largely ornamental addition to their masculine appearance, a new…

Greek-American composer Olivia Hadjiioannou wins top award at Festival in Cannes
ART
shares25 views
ART
shares25 views

Greek-American composer Olivia Hadjiioannou wins top award at Festival in Cannes

Panos - May 24, 2019

Greek multi-instrumentalist and composer Olivia Hadjiioannou won the Best Music Video award for Red Lion in the inaugural French Riviera…

Leave a Comment

Your email address will not be published.