Which cities are home to the world’s ultra wealthy?
Globally, perhaps unsurprisingly, New York is first, followed by Hong Kong and Tokyo respectively. More surprisingly, however, in Europe London’s lead over Paris has narrowed sharply, attributed by many to Brexit and government uncertainty. Interesting to note too… whilst China is the third largest “Ultra Wealthy” nation worldwide, Shanghai is only 29th in the list of cities, indicating that affluence isn’t only connected to the top tier cities. In terms of purchasing power and store-creation for luxury and premium brands, this is a really important consideration. (Data from Wealth X Billionaires reports, 2017)