Six cities within the U.S. occupy spots on a brand new listing of the highest 20 cities with probably the most millionaires, in line with the third-quarter Henley World Residents Report, launched this week by Henley & Companions, an funding migration consultancy primarily based in London.
The report relies on information for the primary six months of 2022 from the worldwide wealth intelligence agency New World Wealth.
Juerg Steffen, the chief govt of Henley & Companions, famous in an announcement that 14 of the highest 20 cities are in international locations that host funding migration packages.
“Having the ability to relocate your self, your loved ones or your online business to a extra favorable metropolis or have the choice to decide on between a number of totally different residences the world over is an more and more essential side of worldwide wealth and legacy planning for personal purchasers,” Steffen stated.
The cities on the brand new listing can count on competitors for the highest spots within the close to future, in line with the report. Millionaire populations of Dubai, Mumbai and Shenzhen are anticipated to interrupt into the highest 20 by 2030.
“Cities with sturdy oil and gasoline industries are performing particularly properly this yr, together with the likes of Riyadh, Sharjah, Luanda, Abu Dhabi, Doha, and Lagos,” Andrew Amoils, head of analysis at New World Wealth, stated within the assertion. “Others on the fastest-growing listing embrace Lugano, a Swiss hotspot for prosperous retirees; Bengaluru, the ‘Silicon Valley of India’; and Hangzhou, one in all China’s most scenic cities.”
U.S. cities in Texas and Florida additionally carried out properly, with American corporations more and more shifting their head places of work to those states. Austin was the standout, whereas Houston, West Palm Seashore and Miami additionally grew considerably.
“Cities are facilities of alternative, innovation, prosperity and tradition, and main capitals perennially entice rich households for quite a few causes, from enterprise alternatives to luxurious actual property, to top-tier schooling establishments and world-class non-public healthcare services, to cosmopolitan environments that can not be discovered elsewhere,” Steffen stated.
He stated his agency has seen file development this yr, with an growing variety of high-net-worth traders exploring funding migration options that provide location fluidity and optionality, enabling them to stay and conduct their companies throughout a variety of various jurisdictions and cities.
See the gallery for the 20 cities all over the world with probably the most millionaires in 2022, in line with Henley & Companions.