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- Shenzhen, China, is the fastest-growing wealth hub on the earth. The Asian metropolis is residence to 50,800 millionaires, 156 centimillionaires, and 22 billionaires.
- A U.S. metropolis is in second place, having skilled a 125 p.c progress in millionaires during the last decade. Eight U.S. cities made the rating.
- The highest 5 embrace spots in India, the U.S., and China.
Henley & Companions, an organization serving to individuals perceive their choices for residence and citizenship by funding launched its World Wealthiest Cities Report. The report is revealed in partnership with world wealth intelligence agency New World Wealth, which tracks world wealth migration,
With all of its mixed information, the 2 firms created a number of lists, together with the costliest cities on the earth and the wealthiest cities on the earth. It additionally recognized which vacation spot is the fastest-growing wealth hub on the planet—and that honor went to Shenzhen, China.
“Asia’s prime tech hub, Shenzhen, is the bottom metropolis for world tech giants Huawei, Tencent, BYD, DJI, and ZTE and has skilled particularly robust wealth progress over the previous 20 years,” Andrew Amoils, head of analysis at New World Wealth, defined. “It’s now arguably the world’s main metropolis in plenty of key tech sub-sectors together with pc {hardware}, electrical autos, Wi-Fi dongles, cell phones, flying drones, 5G, power items, and electronics.”
The report signifies that the southeastern Chinese language metropolis has over 17 million residents, together with 22 billionaires, 156 centimillionaires, and over 50,000 millionaires.
Nevertheless, Shenzhen is just not the one metropolis making waves. In keeping with the findings, Scottsdale, Arizona, is the No. 2 fastest-growing hub on the earth. It skilled a 125 p.c progress in millionaires during the last decade. The town now boasts 14,800 millionaires, 64 centimillionaires, and 5 billionaires. Final yr, Scottsdale was acknowledged as the very best golf metropolis in America, that includes a powerful 53 golf programs.
Rounding out the highest 5 world wealth hubs are Bengaluru, India, in third, adopted by West Palm Seashore, Florida, and Hangzhou, China.
“Three different American cities—Miami, whose residents take pleasure in Florida’s low state taxes, Washington D.C., and Austin, Texas, dubbed ‘Silicon Hills’ have additionally seen notably excessive progress between 2014 and 2024,” the findings confirmed, showcasing that the U.S. nonetheless has what it takes to be on the worldwide wealth stage.
See the entire findings at henleyglobal.com.Â