UAE

Wealthiest cities in the world: Dubai is home to 13 billionaires, 67,900 millionaires

Abu Dhabi, Sharjah, Riyadh and also Doha are amongst the fastest-growing on the listing and also doing particularly well this year

Dubai is residence to 13 billionaires, 202 centi-millionaires and also around 68,000 millionaires, according to a brand-new international research study.

In a position of the cities around the world with one of the most variety of millionaires, Dubai placed 23rd, while Abu Dhabi, Sharjah, Riyadh and also Doha were amongst the fastest-growing on the listing, having actually done particularly well this year.

According to the most recent Henley Worldwide People Record, the United States controls the globe’s Leading 20 Cities with one of the most variety of millionaires in 2022. While New york city takes the crown with 345,600 millionaires, 5 various other American cities– -San Francisco, Los Angeles, Chicago, Houston, and also Dallas — protected put on the sought after globe’s most affluent cities ranking.

The most up to date record, which tracks exclusive riches and also financial investment movement fads worldwide, points out just how the very varied economic climate of Dubai moved its setting internationally.

Dubai’s economic climate is durable in several essential markets, consisting of raw materials, resorts, economic solutions, oil and also gas, property, retail, and also transportation. The record likewise notes prime houses like Emirates Hills, Jumeirah Golf Estates, and also the Hand Jumeirah as Dubai’s upscale components.

According to Andrew Amoils, Head of Research Study at New Globe Wide range, the millionaire populace of Dubai is expanding rapidly. In Addition To Mumbai (25th) and also Shenzhen (30th), the emirate is anticipated to get into the leading 20 most affluent cities by 2030.

Amoils likewise mentioned that cities with solid oil and also gas markets are doing particularly well this year, consisting of Riyadh, Sharjah, Luanda, Abu Dhabi, Doha, and also Lagos.

Various other amazing cities on the fastest-growing listing consist of Lugano, a significantly preferred Swiss hotspot for upscale retired people from Europe. Bengaluru, referred to as the ‘Yard City’ and also the ‘Silicon Valley of India’ is likewise getting millionaires because of its quickly expanding IT, biotechnology, and also organization procedure contracting out markets. Hangzhou, among one of the most picturesque cities in China, is one more riches magnet to view.”

Tokyo remains in second location with 304,900 resident high-net-worth people (HNWIs) worth over $1 million, and also London, the most affluent city on the planet for several years, goes down to fourth location listed below the San Francisco Bay Location with simply 272,400 resident millionaires.

2 Chinese cities, Beijing (9th) and also Shanghai (10th), make it right into the Leading 10, and also Switzerland and also Australia each handle to protect 2 Leading 20 city areas, with Sydney (11th), Zurich (15th), Melbourne (17th), and also Geneva (19th) all making it. City-state Singapore (fifth), Hong Kong (SAR China) (12th), Frankfurt (13th), Toronto (14th), Seoul (16th), and also lastly Paris– dropping 3 areas because in 2014 to scuff in at 20th setting– compose the remainder of the 2022 position. Houston is the largest mountain climber, lifting 4 areas because 2021, and also Hong Kong is the largest faller, collapsing down 4 areas from 8th location in 2014.

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