:max_bytes(150000):strip_icc()/TAL-luxury-shops-nyc-soho-MSTWEALTHYCITY0425-e865536d76f14c58949c59fd98dd8bdf.jpg?w=1920&resize=1920,1267&ssl=1 "New York City Named the Wealthiest City in the World")
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- New York City tops a report in the world’s wealthiest cities.
- Manhattan is a home of 384,500 millionaires, 818 centimeters and 66 billion people.
- Out of 50 cities on the list, eleven are located in the US, with Bay Area Ranking Second, Los Angeles Fifth and Chicago 10th.
Global money has been three times in two decades, and a lot is focused here.
In April, Henley & Partners, Global Wealth Intelligence firm in partnership with New World Wealth, by investing in partnership, the company focusing on residency and citizenship, which tracks the trend of global money migration between countries and cities, released its joint world rich cities. Its lists include the world’s most expensive cities, the fastest growing money hubs, and one of the wealthiest cities, the top of the city of New York.
According to the report, Big Apple is a home of 384,500 millionaires, 818 centimeters and 66 billionaires, indicating adequate concentration of funds in Manhattan.
Henley & Partners shared in a press release that 11 out of 50 cities in the list are in our country. It states that the Bay Area, which includes San Francisco and Silicon Valley, came to each other with 342,400 residents with millionaires. However, the company also stated that the Bay area is now home for more billionaires – 82- Compared to New York and “continues as the subscription of technical money manufacturing, enjoying 98 percent of extraordinary millionaire development in the last decade.”
Other cities reaching the top of the list include Tokyo, third place, Singapore (fourth), Los Angeles (Fifth), London (Sixth), Paris (Seventh), Hong Kong (Eighth), Sydney (Ninth), and Chicago (10th).
The report also stated that London and Moscow “The top 50 are only two cities that have recorded a negative growth in the last decade, their millionaire population has fallen by -12 percent and -25 percent respectively.”
Hanley & Partners CEO Jurg Stephen said that in ten winning cities, they are located in countries offering residence-by-re-investment programs, “Creating direct routes for entrepreneurs and investors are demanding access to these wealth hubs.”
“These urban centers share common DNA -Rabust Legal Framework, Sophisticated Financial Infrastructure and Perhaps most severe, investment migration programs that welcome global talent and capital,” Stephen said.
See full results on henleyglobal.com.
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