These cities house the richest people in the world
According to Knight Frank’s 2019 Wealth Report around half of the world’s super-rich live in just 10 cities. The report defined super-rich as people worth at least $30 million and the list of top-ten cities where so many of them live has some surprising results.
At number 1 in Knight Frank’s 2019 Wealth Report is London, with 4,944 people worth over $30 million. The majority of the UK’s richest live in central London including Westminster and Kensington, where you will also find the homes of many members of the British royal family.
At number 2 is Tokyo with 3,732 residents worth over $30 million. Japan’s wealthiest residents can be found in Tokyo’s exclusive districts of Azabu, Denenchofu and of course Omotesando.
Number 3 on the list is Singapore with 3,598 people worth over $30 million. There was a good reason the 2018 movie Crazy Rich Asians was set in Singapore! This island nation is the world’s largest port and has long been considered the financial hub for Asian markets.
Next up is New York City with 3,378 people worth over $30 million. Interestingly though, if you instead look at the number of billionaires residing in a city then New York City takes the cake. According to Forbes magazine, ‘the Big Apple’ is home to more billionaires than any other city in the world.
At number 5 in Knight Frank’s 2019 Wealth Report is Seoul with 1,594 residents worth over $30 million. The Gangnam region in southern Seoul is known as “South Korea’s Beverley Hills”. It’s home to k-pop stars, celebrities and South Korea’s most affluent.
China’s capital comes in at number 6 with 1,673 people worth over $30 million.
Paris is at number 7 with 1,667 residents worth over $30 million. The French capital is also home to the nation’s richest citizens, with the glamorous 16th Arrondissement the location of choice for those who count themselves among the Parisian super-rich.
At number 8 is Taipei with 1,519 people worth at least over $30 million.
Thanks to the financial and banking sectors (and some favourable tax breaks), this Swiss city of Zurich is the home of some of the richest in Europe, coming in at number 9 with 1,507 people worth over $30 million.
Rounding out the top ten is the commercial hub of São Paulo with 1,352 residents worth at least $30 million - the largest number in South America.
While they might not have made the top ten there are plenty of other cities that are home to the mega-rich. Hong Kong is well-known for having some vastly wealthy residents. Properties at The Peak and Deep Water Bay are among the most expensive real estate in the world.
It's not surprising that the rich have also gravitated to the warm beaches of Florida. Miami Beach’s Indian Creek Island has been nicknamed ‘Miami’s Billionaire Bunker’.
Home to the tech-billionaires of Silicon Valley, Los Altos on the outskirts of San Francisco has boomed into one of the richest suburbs in America.
The tiny city of Medina, across lake Washington from Seattle, is home to some of the biggest names tech including Jeff Bezos and Bill Gates.
India’s largest city and financial centre, Mumbai is home to the nation's mega-rich. The city may also have the largest gap between rich and poor. Despite a large group of wealthy citizens, it is believed that more than half of Mumbai’s population still live in slums.
Most of New York City's masses of billionaires can be found living in the Upper East Side. The city’s most exclusive neighbourhood borders Central Park, with the legendary shopping mecca 5th Avenue running through the middle.
Germany remains the largest economy in Europe, with it’s super-rich living primarily in the magnificent cities of Hamburg, Munich and Berlin.
You might think of Beverley Hills when you think of the rich and famous in Los Angeles, but it is Malibu where you’ll find Tinseltown's uber-rich. With its sea views and gated communities, Malibu is home to the likes of Miley Cyrus, Jennifer Aniston, Tom Hanks and Steven Spielberg.
On the border of Hong Kong, the Chinese city of Shenzen has seen a boom in the super-rich thanks to the city’s growth as a tech-hub.
Oil and media are the primary industries driving the fortunes of the mega-rich residing in Dallas, Texas.
The Chinese port city of Shangai has boomed thanks to eCommerce and with China’s global growth is increasingly becoming a destination for the mega-rich.
Istanbul is Turkey’s largest city and home to the mega-rich who live in the luxurious Yali mansions on the Bosphorus coastline.
Russia’s billionaires and the super-rich can be found in the luxurious districts surrounding Moscow, including Zachatyevsky Lane and Ostozhenka.
More than half of the billionaires in the oil-rich United Arab Emirates are believed to live in Dubai.
The Scandinavian mega-rich can be found in the Swedish capital, around Stockholm’s upmarket area of Östermalm.
The island of Barbados has often been referred to as the ‘Switzerland of the Caribbean’ and its tax haven status has made it an appealing place to live for the super-rich.
The sun-drenched city of Monte Carlo in the tiny European nation of Monaco remains the ultimate playground for the mega-rich.