The latest edition of the Knight Frank Wealth Report, released earlier this month, ranks 100 cities around the world for their appeal as places to invest, live, and spend time for ultra-high-net-worth individuals—defined as those with a net worth of more than $30 million, including their primary residence. To identify the best cities for the ultra-rich, the study assessed and ranked each city against three main factors: Wealth. Researchers looked at the number of both high-net-worth and ultra-high-net-worth individuals in each city, using its proprietary wealth sizing model. Investment. This factor assessed the level and diversity of private investment in real estate in each city. The latest edition also looked at the power of cities in terms of the number of global firms located there. Lifestyle. This ranking was based on luxury measures that encourage individuals to visit a city and reside there, such as high-end hotels and restaurants, quality and number of top universities, and (for the first time) connectivity—the number of national and international cities served by each city's main airports. See the gallery for the top 12 global cities with the greatest appeal for ultra-wealthy individuals and how they ranked in the categories of wealth, investment, and lifestyle. From: ThinkAdvisor
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.