New York, London, Paris… Which cities have essentially the most millionaires? | EUROtoday

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Mhowever the place are the millionaires? On May 7, the consulting agency Henley & Partners revealed a brand new checklist of the 50 cities with essentially the most millionaires. And this yr once more, it’s New York which takes first place within the rating, with a minimum of 349,500 millionaires, 744 centi-millionaires – individuals with greater than 100 million euros in capital – and 60 billionaires. The whole wealth held by the inhabitants of the Big Apple thus exceeds 3,000 billion euros, or extra “than the total wealth held in most of the large G20 countries”, notes the agency.

Then, in second place on this rating, Henley & Partners locations the San Francisco Bay Area, thus together with Silicon Valley, with 305,700 millionaires, 675 centi-millionaires and 68 billionaires. Finally, on the third step of the desk, we discover Tokyo, with its 298,300 millionaires, 267 centi-millionaires and 14 billionaires. France, for its half, managed to boost Paris and Île-de-France to seventh place within the rating, behind Singapore – 165,000 millionaires –, London – 227,000 millionaires – and Los Angeles – 212,100 –, with 165,000 millionaires , 286 centi-millionaires and 23 billionaires, making it town with the richest individuals in continental Europe.

Another French space within the rating

Among the 50 cities and areas with essentially the most millionaires on the earth, the area from Nice to Èze nonetheless manages to position itself in 38e place with 26,300 millionaires. To produce this rating, the agency took into consideration the liquid belongings of people, which solely contains stakes in firms listed on the inventory trade, money in financial institution accounts and debt-free residential actual property.

READ ALSO After budgetary populism, room for fiscal populism! Among the observations of this report of the cities with essentially the most super-rich, the consultants famous the robust progress within the variety of millionaires between 2013 and 2023 in China: + 140% in Shenzhen, which at the moment has 50,300 millionaires, + 125% in Hangzhou, with 31,600 millionaires and + 110% in Guagzhou with 24,500 millionaires. In comparability, the variety of millionaires elevated by 48% in New York, 64% in Singapore and 34% in Sydney. On the Parisian aspect, the variety of millionaires has elevated by 12% in ten years. On the opposite hand, cities like Tokyo, London and Moscow have seen their variety of millionaires fall, during the last ten years, by 5%, 10% and 24% respectively.