A version of this article appeared for the first time in Inside Wealth Newsletter of CNBC with Robert Frank, a weekly guide to the investor and the consumer of net value. Register to receive future editions, directly in your reception box. Despite the recurring account of Wealth Flight, New York is still the richest city in the world, and it has become richer, according to the latest ranking of Henley & Partners of the world’s wealth poles with the New World Intelligence Company. New York has 384,500 millionaires, 818 centimillionaries and 66 billionaires, gaining approximately 10% in each category from the list of the previous year. Four of the 10 centers with the most centimillionaire, or people with at least $ 100 million in assets, are in the United States with the California (756) and Los Angeles (516) Bay region supplementing the first three. Chicago places eighth with 295 centillionaries. Asian hubs have dominated the lower half of the list with Hong Kong (346), Singapore (333), Beijing (316) and Shanghai (293) ranking in the Top 10. Hong Kong arrived at the fifth, while climbing three rows, while its economy begins to recover after years of geopolitical Turmoil. London arrived fourth with 352 centillionaries, an annual decrease of 5%. The capital was one of the only two wealth centers with a declining millionaire population, with an estimated decrease at 12% of millionaires from 2014 to 2024. Moscow, the second in this duo, should have a decrease of 25% of 10 years. Andrew AMOILS, research manager in New World Wealth, has awarded the flight of London’s wealth to several factors, including high capital gains taxes and the appeal of financial and technological centers in Europe and North America. “Brexit has undoubtedly had an exacerbating effect on this subject,” he said about the migration of technological entrepreneurs. Paris has ranked 10th on the list of this year with 277 centimillionaries and a high -value demographic growth of 5% since 2014. The loved ones told CNBC that it had been surprised by the relatively mediocre growth rates of the EU cities. Meanwhile, the world South made massive progress, representing the only cities among the richest – Shenzhen, Hangzhou and Dubai – which have more than doubled their millionaire populations in the past decade. San Francisco and the surrounding bay region approached an increased 98%increase. “Technology is now the first creator of wealth,” said Dominic Stef, a global manager of private customers in Henley & Partners, in the report. The United States has represented 11 of the 50 top 50 world in the world, adding nearly 86,000 millionaires and more than 160 centimillionaries in one year. The Bay region has experienced the most estimated annual increases in millionaires (36,700) and centimillionaries (81). The interior poles with the highest growth rates in the last decade are in low taxation places, with the exception of the Bay and Washington region, the number of estimated millionaires of 38,800 DC Miami is an increase of 94% of a decade and an increase of 10% of one year by year. Austin has jumped 90% in the past 10 years to 32,000. Dallas and Houston have 10 -year growth rates of 85% and 75%, respectively. The New World Wealth plans that Miami will double at least its centimillionaire population of 180 in the next decade. Abroad, the other cities that should accomplish this feat include Dubai (237 centimillionaries currently), Abu Dhabi (75), Bengaluru, India (43), Malta (40) and Lugano, Switzerland (40). The boom of wealth in the Middle East is helped by its zero taxes on income and capital gains, notes the report. Bengaluru, nicknamed the Silicon Valley of India, should benefit from its technological scene, while the prospects of Malta and Lugano highlight the success of the investment -based migration programs, by Henley & Partners.
This Sunset view includes tall tours south of Central Park in New York. The highest towers are part of the row of billionaires, a collection of thin and high residential buildings with luxury apartments at a high price. Some of the buildings seen here are the 220 Central Park South, Central Park Tower, One57, Carnegie Hall Tower, Steinway Tower and Cityspire Center.
Michael Lee | Moment | Getty images
A version of this article appeared for the first time in Inside Wealth Newsletter of CNBC with Robert Frank, a weekly guide to the investor and the consumer of net value. Register To receive future editions, directly in your reception box.
Despite the recurring account of the wealth flight, New York is still the richest city in the world, and it is Having become richer, according to the latest ranking of Henley & Partners of Global Wealth Hubs with the intelligence company New World Wealth. New York has 384,500 millionaires, 818 centimillionaries and 66 billionaires, gaining approximately 10% in each category from the list of the previous year.
