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Old 03-23-2015, 08:11 AM
 
Location: Miami Beach, FL/Tokyo, Japan
1,699 posts, read 1,479,810 times
Reputation: 699

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Knight Frank (Knight Frank - Wikipedia, the free encyclopedia) recently did a ranking of which cities are the most to the Rich (30 million plus).

Here is the study: http://content.knightfrank.com/resea...-2015-2716.pdf

But here is the list:

Quote:
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.

 
Old 03-23-2015, 08:29 AM
 
Location: Zurich, Switzerland/ Piedmont, CA
31,575 posts, read 53,103,852 times
Reputation: 14495
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

Wealth-X Reveals: How Many Ultra Rich Individuals Are In Each US State? | Wealth-X
 
Old 03-23-2015, 08:43 AM
 
Location: Miami Beach, FL/Tokyo, Japan
1,699 posts, read 1,479,810 times
Reputation: 699
Quote:
Originally Posted by 18Montclair View Post
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.
 
Old 03-23-2015, 09:40 AM
 
Location: Zurich, Switzerland/ Piedmont, CA
31,575 posts, read 53,103,852 times
Reputation: 14495
Quote:
Originally Posted by SDPMiami View Post
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:-)
 
Old 03-23-2015, 11:25 AM
 
Location: Chicago
589 posts, read 583,331 times
Reputation: 445
So this a survey from 1% of the world population? Good for them.
 
Old 03-23-2015, 11:39 AM
 
10,847 posts, read 10,572,735 times
Reputation: 7539
Quote:
Originally Posted by SDPMiami View Post

As you can see Chicago is missing, it would appear if you extend the list from top 40 to top 100.
why should Chicago be there? Chicago is a low cost living city.
 
Old 03-23-2015, 11:48 AM
 
Location: Miami Beach, FL/Tokyo, Japan
1,699 posts, read 1,479,810 times
Reputation: 699
Quote:
Originally Posted by botticelli View Post
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?
 
Old 03-23-2015, 11:54 AM
 
11,015 posts, read 21,568,106 times
Reputation: 10641
Quote:
Originally Posted by botticelli View Post
why should Chicago be there? Chicago is a low cost living city.
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.
 
Old 03-23-2015, 12:03 PM
 
Location: Miami Beach, FL/Tokyo, Japan
1,699 posts, read 1,479,810 times
Reputation: 699
Quote:
Originally Posted by Chicago60614 View Post
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.
 
Old 03-23-2015, 12:40 PM
 
5 posts, read 5,292 times
Reputation: 12
Quote:
Originally Posted by 18Montclair View Post
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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