London is the second most popular city
London is the second most popular city

The 17 cities where the world's richest people want to live

Rich people with a net worth of $30 million or more love spending money on real estate, and they have favourite cities from New York to Geneva

Tanza Loudenback
Business Insider
Friday 08 December 2017 14:52
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Rich people love spending money on real estate, whether it's a loft in London or a mansion in Beverly Hills - or both.

Wealth-X, a firm that does research on ultra high net worth (UHNW) people, shared data with Business Insider on the residential addresses of people with a net worth of $30 million or more.

The firm found that 14,574 UHNW people own property — whether a primary home or a vacation spot - in New York, the most of any city in the world.

Below are the 17 cities where the world's richest people either live or own a vacation home.

17. Munich

Total UHNW population: 1,352

UHNW residents: 1,060

UHNW second homeowners: 292

16. Milan

Total UHNW population: 1,731

UHNW residents: 800

UHNW second homeowners: 931

15. Toronto

Total UHNW population: 2,021

UHNW residents: 1,760

UHNW second homeowners: 261

14. Geneva

(Getty Images for Global Schistos)

Total UHNW population: 2,215

UHNW residents: 210

UHNW second homeowners: 2,005

13. Zurich

Total UHNW population: 2,553

UHNW residents: 1,900

UHNW second homeowners: 653

12. San Jose

Total UHNW population: 2,791

UHNW residents: 1,380

UHNW second homeowners: 1,411

11. Houston

Total UHNW population: 2,884

UHNW residents: 2,290

UHNW second homeowners: 594

10. Miami

(Getty/iStockphoto)

Total UHNW population: 2,927

UHNW residents: 1,440

UHNW second homeowners: 1,487

9. Dallas

Total UHNW population: 2,968

UHNW residents: 2,330

UHNW second homeowners: 638

8. Chicago

Total UHNW population: 3,896

UHNW residents: 3,100

UHNW second homeowners: 796

7. Paris

Total UHNW population: 4,663

UHNW residents: 3,430

UHNW second homeowners: 1,233

6. San Francisco

Total UHNW population: 6,391

UHNW residents: 2,350

UHNW second homeowners: 4,041

5. Singapore

(iStock

Total UHNW population: 7,953

UHNW residents: 2,180

UHNW second homeowners: 5,773

4. Hong Kong

Total UHNW population: 8,009

UHNW residents: 7,650

UHNW second homeowners: 359

3. Los Angeles

Total UHNW population: 8,272

UHNW residents: 4,590

UHNW second homeowners: 3,682

2. London

Total UHNW population: 9,301

UHNW residents: 3,134

UHNW second homeowners: 6,167

1. New York

(Getty

Total UHNW population: 14,574

UHNW residents: 8,340

UHNW second homeowners: 6,234

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Read the original article on Business Insider UK. © 2016. Follow Business Insider UK on Twitter.

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