The report ranked the cities based on the spending habits of over 150,000 high-net-worth individuals, emphasizing those with over $10 million in investable assets
According to Henley & Partner's report, NYC is home to 340,000 individuals worth over $1 million, 724 centi-millionaires, and 58 billionaires.
The Big Apple is home to the highest number of individual homeowners with an ultra-high net worth of over $30 million, according to a 2021Jackyenjoyphotography | Moment | Getty Images Tokyo, Japan ranked as the second wealthiest city in the world, according to Henley & Partners' 2023 report.The Japanese city has a population of 290,300 high-net-worth individuals.The city did see a 5% decline in its high-net-worth individual population growth from 2012 to 2022. Despite that,California's Bay Area, which includes San Francisco and Silicon Valley, rounded out the top three.
The California area saw a growth of 68% in its population of high-net-worth individuals from 2012 to 2022.from Wealth-X and REALM, there's one homeowner worth more than $30 million for every 372 residents in metro San Jose and one ultra-wealthy homeowner for every 505 residents just north in San Francisco.
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