10 cities with the most millionaires

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 10 cities with the most millionaires

According to a report by consulting firm Henley & Partners Group, New York, Tokyo, and the San Francisco Bay Area are the places with the most millionaires.

Half of the 10 cities with the most millionaires are in the US. However, a closer look The data shows that New York City lost 12% of its wealthy in the first half of 2022, while the San Francisco Bay Area saw a 4% increase. In fourth place, London saw a 9% drop. According to the report, millionaires are defined as individuals with $1 million or more of investable assets.

Statistics compiled by New World Wealth, an analytics firm, show that Saudi Arabia's capital, Riyadh and Sharjah, ranks third in city ​​of the United Arab Emirates, are the cities with the fastest growing number of millionaires this year.

Abu Dhabi and Dubai are also among the cities that have shown the fastest growth in wealthy populations, as O AE attracts millionaires with loyal taxation. The emigration of wealthy Russians also contributed to a record influx to the UAE.

Beijing and Shanghai, which are ranked ninth and tenth on the list of the richest cities respectively, recorded an outflow of rich people. Henley & Partners predicts that this year China will take the second place in the outflow of millionaires after Russia.

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