ew York Metropolis has been discovered to be the world’s wealthiest metropolis by analysis that ranks the variety of ‘high-net-worth people’, with London coming fourth.
Analysis by funding agency Henley and Companions discovered that the US metropolis has 340,000 people with a wealth of $1 million (£817,000) or extra. This contains 724 centimillionaires, with wealth of not less than $100 million, and 58 billionaires.
The metrics had been gathered utilizing the US greenback, which means the variety of high-net-worth people may very well be a lot decrease if the pound was thought-about.
Whereas New York has seen a 40 per cent development, its nearest competitor, Tokyo, has seen its millionaires fall by 5 per cent to 290,300. A giant riser was the San Francisco Bay space, which grew by 68 per cent to 285,000 and inside contact of the Japanese metropolis.
In the meantime, the variety of London millionaires fell by 15 per cent to 258,000, and town now has 384 centimillionaires and 36 billionaires.
“New York Metropolis wears the crown because the world’s prime metropolis with essentially the most millionaires in 2023,” Henley and Companions mentioned on Monday.
“Seven of the world’s prime 10 cities listed are in nations that host formal funding migration programmes and actively encourage international direct funding in return for residence or citizenship rights.”
Manchester and Edinburgh had been additionally within the prime 97 of the world’s wealthiest, with 24,200 and 12,300 millionaires respectively.
Behind London had been Singapore, Los Angeles, Hong Kong, Beijing, Shanghai, and Sydney to spherical out the highest 10.
“London is the monetary capital of the world, providing a global enterprise surroundings,” Henley and Companions mentioned of the British capital.
“The UK can also be famend for having a few of the finest academic establishments on this planet and an open, worldwide tradition.”
The costliest cities
| Metropolis/Space | HNWI development %(2012 to 2022) | HNWIs (USD 1m+) | Centimillionaires (USD 100m+) | Billionaires (USD 1bn+) |
|---|---|---|---|---|
| New York Metropolis | 40% | 340,000 | 724 | 58 |
| Tokyo | -5% | 290,300 | 250 | 14 |
| The Bay Space | 68% | 285,000 | 629 | 63 |
| London | -15% | 258,000 | 384 | 36 |
| Singapore | 40% | 240,100 | 329 | 27 |
| Los Angeles | 35% | 205,400 | 480 | 42 |
| Hong Kong | -27% | 129,500 | 290 | 32 |
| Beijing | 70% | 128,200 | 354 | 43 |
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