It’s no shocker that Hong Kong is an expensive city to live in. With its stunning skyline, endless designer stores, and sky-high property prices, our bustling city is also a global financial hub. But how do we stack up against the rest of the world when it comes to wealth?
According to a recent report by British investment migration consultancy Henley & Partners and wealth intelligence firm New World Wealth, Hong Kong has been named as one of the world’s wealthiest cities. The annual report uses expert insights to reveal each city’s total number of millionaires, centi-millionaires (individuals worth more than US$100 million), and billionaires, as well as how its millionaire population has increased in the past year.
Hong Kong came in eighth place, boasting 154,900 millionaires, 346 centi-millionaires, and 40 billionaires. However, our city’s millionaire growth was fairly small, and only increased by three percent within the last year. In comparison, New York City nabbed the top spot on the global list with a jaw-dropping total of 384,500 millionaires, 818 centi-millionaires, 66 billionaires, and a 45-percent increase in millionaire growth over the last year.
Let’s hope some of that wealth trickles down to us regular white-collar folk. For now, imagining what it’s like to live comfortably like the one percent will have to do.
The world’s top 10 wealthiest cities:
- New York City, United States
- The Bay Area, United States
- Tokyo, Japan
- Singapore
- Los Angeles, United States
- London, United Kingdom
- Paris, France
- Hong Kong, China
- Sydney, Australia
- Chicago, United States
Interested to see which other cities got named? Check the complete results here.
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