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Top 20 cities where the uber-wealthy live revealed - featured image
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Top 20 cities where the uber-wealthy live revealed

Where do the uber-wealthy live?

Well, the top 20 cities in the world with the most "centi-millionaires" have been revealed by global residence and citizenship planning company Henley & Partners.

And one Australian city made the list.

By the way...centi-millionaires are defined as someone holding $US100 million ($155.5 million) in investable assets - an elite club of just 28,420 worldwide.

And here are the cities in which they live:

New York

#1 - New York City, US

According to the report, New York City is the richest city in the world, with 775 centi-millionaires and 62 billionaires.

The city also has a 22 per cent growth forecast in centi-millionaires.

#2 - The Bay Area and San Francisco, US

San Francisco and the Bay Area rank second.

It is home to Silicon Valley, a major IT hub, and boasts 692 centi-millionaires and 69 billionaires.

Additionally, they anticipate a 50% growth in the next decade.

#3 - Los Angeles, US

The United States takes the top three spots, and Los Angeles is third on the list.

The city is home to 504 centi-millionaires and 44 billionaires and is expected to grow by 17 per cent.

#4 - London, UK

The report shows that London comes in fourth on the list, with 388 centi-millionaires and 36 billionaires.

#5 - Beijing, China

Beijing secures the fifth spot, representing China's highest ranking on the list.

The city is home to 365 centi-millionaires and 44 billionaires, and it shares a 60 per cent growth rate with Shanghai.

#6 - Shanghai, China

Several Chinese cities feature on the list, and Shanghai is sixth.

This city boasts 332 centi-millionaires and 40 billionaires, and it's expected to see a 63 per cent increase in centi-millionaires over the next decade.

Singapore

#7 - Singapore

The report shows that the wealthy city-state of Singapore has 330 centi-millionaires and 27 billionaires, coming in at seventh on the list.

#8 - Hong Kong, China

Hong Kong takes the eighth spot on the list.

The city has 305 centi-millionaires and 34 billionaires, and it's expected to see a 24 per cent increase in centi-millionaires.

#9 - Chicago, US

Another U.S. city, Chicago, makes it to the top 10, securing the ninth spot on the list.

Chicago is home to 286 centi-millionaires and 22 billionaires, but it's only expected to see a 5 per cent growth in centi-millionaires over the next decade.

#10 - Paris, France

Paris has made it to the top 10 with 280 centi-millionaires and 20 billionaires.

The city and its surrounding region anticipate a 45 per cent increase in centi-millionaires over the next decade.

Tokyo

#11 - Tokyo, Japan

Tokyo, Japan, narrowly missed the top 10, landing in 11th place with 275 centi-millionaires and 15 billionaires.

#12 - Geneva, Switzerland

Geneva, Switzerland, holds the 12th spot on the list and has 262 centi-millionaires along with 14 billionaires.

#13 - Houston, Texas

According to the report, the city has 255 centi-millionaires and 18 billionaires.

The city is forecast for 47 per cent growth in wealthy individuals over the next ten years.

#14 - Zurich, Switzerland

Zurich ranks 14th on the list with 230 centi-millionaires and 11 billionaires.

The city anticipates a 30 per cent increase in centi-millionaires over the next 10 years.

#15 - Mumbai, India

Mumbai surpassed Dubai's expected growth by 2 per cent.

It currently has 224 centi-millionaires, and it's projected to see an 80 per cent increase in the next ten years.

The city is also home to 27 billionaires.

#16 - Dubai, United Arab Emirates

Dubai ranks 16th on the list with 210 centi-millionaires and 15 billionaires.

It's expected to have the second-highest growth of wealthy individuals among the top 20 cities, with a predicted 78 per cent increase in centi-millionaires over the next 10 years.

#17 - Moscow, Russia

Moscow, Russia, takes the 17th spot on the list with 205 centi-millionaires and 23 billionaires.

However, it has the lowest estimated growth percentages among the top 20 cities, with just a 5 per cent increase predicted over the next 10 years.

Sydney

#18 - Sydney, Australia

Sydney secures the 18th spot on the list, and it's the only Australian city in the top 20.

The city boasts 198 centi-millionaires and 20 billionaires, with an anticipated 60 per cent increase in centi-millionaires over the next 10 years.

#19 - Toronto, Canada

Toronto is in 19th place with 192 centi-millionaires, and it's home to 18 billionaires.

The city anticipates a 52 per cent growth in centi-millionaires in the future.

#20 - Seoul, South Korea

Seoul has 185 centi-millionaires, making it to the top 20 list.

The city is also home to 19 billionaires and is projected to experience a 25 per cent growth in centi-millionaires over the next decade.

About Chris Dang is an accountant by training and has worked in the Financial Planning industry for many years. Chris brings together property, accounting, and financial planning experience to help clients of Metropole Wealth Advisory create a holistic plan for their wealth.
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