London
London isn’t cheap! It’s the most expensive city. It has some strong cultural offers and open immigration policies. London is considered as a leading global city, with strengths in commerce, education, arts, entertainment, fashion, finance, healthcare, media, professional services,research and development, tourism and transport. Along with New York City, London is also the world's leading financial centre. The city is a combination of wealth, power, dynamism and freedom which draws people from all over the world. The total population of millionaires comes up to 339,200, according to global wealth consultancy New World Wealth.
New York
New York is the city where there is highestgrowth in population of millionaires, and where more than 8000 people saw their wealth grow enough to join the ranks. New York has always known to be supreme. When it comes to political power or economic activity, New York is at its best. It is popular being a center for finance and culture and also as the largest gateway for immigration to the United States. It is a city where most of the high net worth individuals prefers to live in. When compared to other cities like Chicago and Washington D.C. the millionaire club in New York is the highest. The total number of millionaires in this city is almost 300,100.
Tokyo
A new study from London-based WealthInsight, the independent research firm, ranked Tokyo the number one city in the world when it comes to millionaire population. There are 2.1 million millionaires in Japan, where 21 percent of them live in Tokyo. Tokyo is often referred to as a city, but is officially known as a "metropolitan prefecture", which differs from a city. Thus the total millionaire population is 226,500.
SINGAPORE
Singapore is situated in just one city. This city is fourth in this list as it has the highest number of millionaires in the world. The city is a leading logistics hub and their economy depends heavily on manufacturing, refining imported goods and exports. Few significant sectors like electronics, petroleum refining, chemicals,mechanical engineering and biomedical sciences are the attraction of this city. It also has a big casino gambling market. Singapore is one of the most preferred cities among high net worth individuals adding the total count of 225,000 millionaires.
HONG KONG
Hong Kong ranks well when it comes to “quality of life” and “economic activity”. Being one of the leading international financial centers in the world, Hong Kong has a major capitalist service economy, which is well known for its low taxation and free trade. Hong Kong’s currency dollar is the world’s eighth most traded currency and has the highest per capita incomes. Few other factors like economic freedom, financial and economic competitiveness, quality of life, corruption perception, Human Development Index are all ranked highly in Hong Kong. Total millionaire population comes up to 164,500.
LOS ANGELES
Despite of slow employment growth, the population of millionaires in Los Angeles has increased in over the last few years. In California, Los Angeles is the heavily populated city and considered as the second most populous in the entire country. It is a main center for business, international trade, culture and entertainment, media, fashion, sports, science and technology and education. It is also known as the “home of Hollywood” as it is a leading center in the world for movie and television productions, video games and recorded music. Few noteworthy industries like aerospace, petroleum and tourism are present in this city to attract most of the millionaires. Thus the total number of millionaires here is around 159,800.
San Francisco
Being a famous tourist destination and an expensive city, San Francisco is also in this list. The city is a leading financial andcultural center in California. This is why despite of high unemployment rates, people in San Francisco managed to survive during recession. It is a center for start-up companies with 85 percent of the small businesses established in the city. It is also a leading biotechnological and biomedical hub with a lot of prominent Internet companieshaving their base in San Francisco. The total number of millionaire population in this city is about 112,700.
Paris
This city is popular as the “Romantic city”! Yes, it’s Paris. It is well known city for leading business and cultural centres, and its influences in politics, education, media, entertainment, fashion, science, and the arts and not to forget an expensive city too. It is considered as the glamorous city with around 96,400 millionaires living in this city. Around 39 percent of population in Paris is of millionaires, which is one of the highest millionaire percentages around the world.
Beijing
Beijing, China is known as the centre of power as it stands high in terms of political power and economic activities. Peopleliving in China enjoy a high quality life due to a thriving economy, and infrastructure improvements. Most of the international community group resides in Beijing; the reason is highly growing foreign business and trade sector, others by the traditional and modern culture of the city. There are 84,700 millionaires living here, which is almost 17 percent of China’s millionaires.
Sao Paulo
Sao Paulo maintains strong international influence and hence considered as an AlphaWorld City. It is the tenth richest city in the world. It has one of the biggest financial centers in the world. Alongside it also has some significant cultural, economic and political influence both nationally and internationally and hence, is preferred by the millionaires. The total millionaires’ population is around 84,200.
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