New York City isn’t just the city that never sleeps. It is also the most popular destination in the country for the ‘super-rich’.
Data firm’s March 1 report Ultrata found that 21,714 ultra-high-net-worth individuals, or those worth more than $30 million, own a primary or secondary residence in the city.
According to the report, America has the largest ultra-wealthy population.
More than half of the homeowners in the world’s 10 richest cities are here in the United States, which Ultrata Says reflects the size of the US property market and its geographic and business diversity.
Here is the complete list.
Top 10 cities where the super-rich own properties
- New York, New York
- London, England
- hong kong
- Los Angeles, California
- Miami, Florida
- San Francisco, California
- Beijing, China
- Singapore, Singapore
- Chicago, Illinois
- Washington DC
London, England came second on the list. As per the report, the city has 15,907 ultra-high-net-worth individuals who use it as their primary residence or secondary home.
London also stood out among the major cities where the highest number of high-net-worth individuals own a second home.
Third on the list is Hong Kong, which serves as the primary residence of the wealthy largely because of its connection to mainland China. It is home to 15,175 ultra-high-net-worth individuals.
Hong Kong is also known for its low taxation and status as a global financial services centre.
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