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Henley Global Citizens Report

Henley Global Citizens Report

The most current high-net-worth population data for cities

The high-net-worth-individual population data in the World’s Wealthiest Cities covers just over 150 cities in five regions worldwide (Africa, the Americas, Asia Pacific, Europe, and the Middle East) and includes all major wealth hubs.

The data is supplied by wealth intelligence firm, New World Wealth, which is currently the only known independent wealth research firm systematically tracking global private wealth migration trends between countries and between cities. The firm tracks the movements and spending habits of over 150,000 high-net-worth individuals in their in-house database (with a special emphasis on individuals with over USD 10 million in investable assets). New World Wealth’s database is focused on high-net-worth individuals with the work titles: CEO, Founder, Chairman, Partner, and Director. The firm relies primarily on this database when assessing the city wealth breakdowns featured in this report. The data also takes into account public prime property statistics (property registers and property sales). Specifically, it considers the number of highly priced homes in each area.

The data includes only people living in each city (residents). High-net-worth-individual numbers are rounded off to the nearest 100. Multi-millionaire figures are rounded off to the nearest 10. All growth rates are effectively in US dollar terms as high-net-worth-individuals are defined as individuals with net assets of USD 1 million or more.

The World’s Wealthiest Cities features three sets of data and statistics:

1. The World’s Top 20 Cities with the Most Millionaires in 2022

High-net-worth-individual population data representing the top 20 cities globally in terms of resident millionaires (namely, individuals with wealth of USD 1 million or more) as of 30 June 2022. Of the 20 cities listed, 14 are in countries that host formal investment migration programs and actively encourage foreign direct investment in return for residence or citizenship rights.

2. The Top 5 Cities with the Most Millionaires by Region in 2022

High-net-worth-individual population data representing the top 5 cities in five key regions in terms of the number of resident millionaires as of 30 June 2022. Of the 25 cities, 12 are in countries that host formal investment migration programs and actively encourage foreign direct investment in return for residence or citizenship rights.

3. Cities with the Fast-Growing Millionaire Populations in 2022

High-net-worth-individual population data representing 25 of the fastest growing cities in the world in terms of the number of resident millionaires between 1 January and 30 June 2022. Of the 25 cities listed, 12 are in countries that host formal investment migration programs and actively encourage foreign direct investment in return for residence or citizenship rights.

City definitions

Geneva

Includes the Canton of Geneva

Los Angeles & Malibu

Includes the city of Los Angeles, Beverly Hills, Laguna Beach, Los Angeles, Malibu, and Newport Beach

Miami

Miami includes Miami (city) and Miami Beach (island)

Paris

Includes the city of Paris and Hauts-de-Seine

San Francisco Bay Area

Includes the city of San Francisco and Silicon Valley

Zurich

Includes the Canton of Zurich

   

Wealth definitions

Wealth


Private wealth

An individual’s net assets, namely, all their investable assets (property, cash, and equities) less any liabilities

Wealth tiers


Millionaires or high-net-worth individuals (HNWIs)

Individuals with wealth of USD 1 million or more

Multi-millionaires

Individuals with wealth of USD 10 million or more

Centi-millionaires

Individuals with wealth of USD 100 million or more

Billionaires

Individuals with wealth of USD 1 billion or more

   

About New World Wealth

New World Wealth was established in 2013 and has been following the movements and spending habits of the world’s wealthiest people for almost a decade. The firm has an impressive track record in providing robust, reliable private wealth data and insights for key publications, such as Knight Frank’s Wealth Report, AfrAsia Bank’s Global Wealth Migration Review and Henley & Partners’ Africa Wealth Report as well as the Henley Private Wealth Migration Dashboard. New World Wealth’s reports and findings have been referenced by the Australian and UK governments, as well as by global news outlets such as the BBC, Bloomberg, CNN, the Financial Times, Forbes, and the New York Times.

Disclaimer: Our research focuses on just over 150 cities globally, including all the major wealth hubs. However, as New World Wealth does not cover all the cities of the world, several mid-level wealth hubs may be missing from the high-growth list.

All the data available in the World’s Wealthiest Cities is licensed by New World Wealth. Henley & Partners Group Holdings Ltd is not responsible for its correctness. The data posted in the World’s Wealthiest Cities is freely accessible for private non-commercial use only.

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