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Some cities are wealthy in tradition, others in historical past — and a few are wealthy in rich people. A rating of the highest 20 wealthiest cities, primarily based on the variety of millionaires, places most of these city centres in North America, together with a significant metropolis in Canada.
A brand new rating by Visual Capitalist situates the world’s ultra-wealthy, breaking down the variety of millionaires per metropolis together with the value of their collective holdings.
New York, Tokyo and San Francisco took the highest three spots, with the best variety of billionaire residents on the checklist break up between the 2 American cities.
The whole wealth of New Yorkers alone exceeds $3B, greater than the overall personal wealth of many G20 nations, that are among the many most developed on the earth.
London and Singapore spherical out the highest 5 on the checklist, each thought-about business-friendly hubs that invite rich buyers.
Further down on the rating, Toronto locations at #14, sandwiched between Frankfurt and Zurich.
The solely Canadian metropolis on the checklist, Toronto hosts 116,100 millionaires, 187 centimillionaires and 17 billionaires. The rating credit the native tech sector and real estate market for the town’s wealth growth.
North America has seven of the highest cities on the checklist, in comparison with Asia, which has the second highest variety of millionaires (largely in China). Europe has 5 cities on the checklist, whereas Oceania has two — each in Australia.
The rating relies on knowledge from the Henley Global Citizens Report and New World Wealth, which compile the “movement and spending habits of high-net-worth individuals” in over 150 cities.
The 20 ultra-rich cities by wealthiest residents:
- New York
- Tokyo
- San Francisco
- London
- Singapore
- Los Angeles
- Chicago
- Houston
- Beijing
- Shanghai
- Sydney
- Hong Kong
- Frankfurt
- Toronto
- Zurich
- Seoul
- Melbourne
- Dallas
- Geneva
- Paris
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