The worldwide inhabitants of excessive internet value people elevated final yr by just below 2 p.c, in accordance with a latest report by Wealth-X, and it represents a inhabitants that’s unfold internationally, albeit inconsistently. HNW people, categorized as having a internet value between $1M and $30M, nonetheless favor residing within the U.S. over different international locations. There are over eight.6 million HNW people residing in America, which is dwelling to six of the highest 10 HNW cities across the globe.
Whereas these cities nonetheless have the most important variety of HNW residents, seven of the 10 are shedding their wealthiest residents. Among the many high 40 cities with the fastest-growing HNW populations, 32 have been in China, and all of them have been in Asia. China's largest metropolis for UHNW and HNW is Shanghai, with 123,000 HNW people.