Hong Kong Has the Most Ultra-Wealthy Residents in the World, a New Report Says

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Hong Kong Has the Most Ultra-Wealthy Residents in the World, a New Report Says
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New York City has the second-largest population of ultra-high-net-worth people.

Even though Hong Kong is the UHNW leader, the city saw its ultra-wealthy population fall 23 percent to 12,615 people. Conversely, New York had a 2.3 percent increase to 11,845 UHNW individuals in that same period.fell 3.6 percent, while in Los Angeles, it grew 1 percent.

The number of ultra-wealthy people also expanded in San Francisco, Chicago, and Singapore, and, in fact, the latter saw an impressive 13 percent jump, the biggest spike of all the cities. On the other hand, Paris and Tokyo fell towards the bottom of the list with sizable losses of 18.1 percent and 27 percent, respectively. Thomas Habr/Unsplash

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