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1)London
2)New York
3)Hong Kong
4)Singapore
5)Shanghai
6)Miami
7)Paris
8)Dubai
9)Beijing
10)Zurich
11)Tokyo
12)Toronto
13)Geneva
14)Sydney
15)Taipei
16)Frankfurt
17)Moscow
18)Madrid
19)San Francisco
20)Vienna
21)Milan
22)Los Angeles
23)Jakarta
24)Munich
25)Amsterdam
26)Mumbai
27)Dublin
28)Johannesburg
29)Istanbul
30)Kuala Lumpur
31)Sao Paulo
32)Mexico City
33)Berlin
34)Washington DC
35)Boston
36)Cape Town
37)Auckland
38)Buenos Aires
39)Rio de Janeiro
40)Tel Aviv
2)New York City
6)Miami
19)San Francisco
22)Los Angeles
34)Washington DC
35)Boston
As you can see Chicago is missing, it would appear if you extend the list from top 40 to top 100.
This^ is just a survey conducted among financial advisors.
As far as where this demographic actually lives:
Residents With a Net Worth of $30 Million+,
2014
New York 8,655
London 6,815
Tokyo 6,185
San Francisco 5,460
Los Angeles 5,135
Osaka 3,405
Paris 3,345
Hong Kong 3,335
Chicago 2,885
Mexico City 2,780
Washington DC 2,730
Houston 2,545
Mumbai 2,440
Beijing 2,415
Dallas 2,330
Delhi 2,130
Zurich 2,055
Toronto 1,940
São Paulo 1,885
Rio de Janeiro 1,810
Munich 1,805
Dusseldorf 1,540
Shanghai 1,535
Geneva 1,525
Hamburg 1,480
Sydney 1,470
Singapore 1,395
Rome 1,340
Madrid 1,315
Melbourne 1,240
Atlanta 1,230
Stuttgart 1,220
Shenzhen 1,180
Seattle 1,095
Seoul 1,095
This^ is just a survey conducted among financial advisors.
As far as where this demographic actually lives:
This is a study of where the wealthy spend their time, play, need to be part of the in crowd and so on. Where the wealthy actually live, or should I say declare as their permanent residence is a subject of tax and other constraints. For example they often need to live in the same state to be a CEO as their corporation, and so so. However what the study attempts to measure is where they value to spend their time.
This is a study of where the wealthy spend their time, play, need to be part of the in crowd and so on. Where the wealthy actually live, or should I say declare as their permanent residence is a subject of tax and other constraints. For example they often need to live in the same state to be a CEO as their corporation, and so so. However what the study attempts to measure is where they value to spend their time.
No, it's a survey that is sent to wealth advisors. Ive seen it:-)
why should Chicago be there? Chicago is a low cost living city.
It's not about the cities with a high COL, rather where rich individuals value to spend their time. Why wouldn't a rich guy want to spend his time in Chicago?
It's not about lifestyle or cost of living, where people live, etc.
It's a list of where the richest slice of society like to go play when they leave home.
It's a computed list based on population of UHNWI (Ultra-High-Net-Worth-Individuals) as well as attitude surveys (which 18-Montclair mentioned, however it's not purely a survey) that asks these UHNWI how important these cities are for "business links", "lifestyle" and "economic activity". In short this measures where the rich "congregate, work, invest, are educated and spend their leisure time."
But what it really measures is a city's popularity. Obviously, UHNWI will privilege the cities in their countries usually, unless the city has such a broad appeal to extend beyond its boundaries. Basically speaking, a UHNWI will have only 4 American cities on his mind if he's not from the USA and especially NA: NYC, Miami, San Francisco, and Los Angeles. Those are the elite cities in the USA.
No, it's a survey that is sent to wealth advisors. Ive seen it:-)
It looks about right though. I highly doubt the global rich set favor San Francisco to Miami! San Francisco is going through a great tech boom but and that's great for its local economy but the place doesn't have much relevance to your typical upwardly mobile UHNWI.
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