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Featuring exclusive data including the world’s Top 50 wealthiest cities, and accompanied by expert insights, this informative report published annually by Henley & Partners in partnership with New World Wealth is a must-read for followers of private wealth and investment migration trends — from high-net-worth investors and their advisors, to wealth professionals, and policy makers looking to transform their cities into tomorrow’s wealth magnets. Read the methodology and the press release.
The World’s Wealthiest Cities Report is the definitive guide to the world’s wealthiest and most expensive cities, published annually by Henley & Partners — the global leader in residence and citizenship by investment — in partnership with wealth intelligence firm New World Wealth.
New World Wealth is currently the only known independent wealth research firm systematically tracking global wealth migration trends between countries and cities. The firm tracks the movements of over 150,000 high-net-worth individuals in its in-house database, with a special focus on those with over USD 30 million in listed company holdings. The database’s primary focus is on company founders (50%+ of the database) and individuals from high-value companies who hold the following positions: chairperson, CEO, president, director, and managing partner.
New World Wealth relies primarily on this database when assessing the city wealth breakdowns featured in this report. The firm uses various public sources to check city locations, including LinkedIn and other business portals. The data also takes into account prime property statistics — specifically, it considers the number of highly priced homes in each city.
Note: It should be noted that New World Wealth never gives out the names of the individuals in its database, which it uses purely for in-house statistical studies.
We take into account the normal city limits of all the cities mentioned in this report, with the exception of those listed below.
For the purposes of this report, ‘wealth’ refers to an individual’s liquid investable wealth, which only includes listed company holdings, cash holdings, and debt-free residential property holdings.
The terms ‘millionaires’ or ‘high-net-worth individuals’ (HNWIs) refer to individuals with liquid investable wealth of USD 1 million or more.
The term ‘centi-millionaires’ refers to individuals with liquid investable wealth of USD 100 million or more.
The term ‘billionaires’ refers to individuals with liquid investable wealth of USD 1 billion or more.
‘Millionaire growth’ refers to the rise or drop in the number of millionaires living in a country or city over a certain period, in percentage terms.
‘Wealth per capita’ refers to the average wealth of a person in a specific country or city. Read more
We consider wealth to be a far better measure of the financial health of an economy than GDP. The reasons for this include:
Wealth figures, on the other hand, have none of these limitations, making them a far more accurate gauge of the true financial health of an economy than its GDP figures.
New World Wealth was established in 2013 and has been tracking the movements and spending habits of the world’s wealthiest people for over a decade. The firm has an impressive track record in providing robust, reliable wealth data and insights for key publications, such as Knight Frank’s Wealth Report, AfrAsia Bank’s Global Wealth Migration Review, and Henley & Partners’ Africa Wealth Report, BRICS Wealth Report, Centi-Millionaire Report, Crypto Wealth Report, and USA Wealth Report, as well as the Henley Private Wealth Migration Dashboard and the Henley Wealth and Sustainability Report. New World Wealth’s reports and findings have been referenced by the Australian and UK governments, as well as by global news outlets such as the BBC, Bloomberg, CNN, Forbes, the New York Times, Robb Report, and the Telegraph.
For more information on New World Wealth, please visit newworldwealth.com
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This report is distributed for general informational and educational purposes only and is not intended to constitute legal, tax, accounting, or investment advice. It should not form the basis of any decision. The information contained in this report is not, and shall not constitute an offer to sell, a solicitation of an offer to buy or an offer to purchase any securities, nor should it be deemed to be an offer, or a solicitation of an offer, to purchase or sell any investment product or service. Henley & Partners is not responsible for the content of websites and information resources that may be referenced in this report. The information contained in this report is believed to be accurate as of the date of publication, but is subject to change without notice. Henley & Partners does not have any obligation to provide revisions in the event of changed circumstances. Henley & Partners and its affiliates, employees, and agents shall not be liable for any liability or loss whatsoever, including but not limited to direct, indirect, special, incidental, or consequential damages, arising out of or in connection with the use or reliance on the information contained in this report. The information in this report is provided “as is” and Henley & Partners makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the information contained in this report for any purpose.
The World’s Wealthiest Cities Report 2024 was published on 7 May 2024.
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