Asian cities, such as Shanghai and Tokyo, are quickly rising through the ranks.
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A lot of thought has been put into the habits and desires of the world’s wealthiest people.
Luxury estate agent Knight Frank and Wealth-X, the research firm that concentrates on high net worth individuals, just released their comprehensive annual report on where they’re buying property and how much it costs them.
They concentrate on ultra-high-net-worth individuals (UNHWI), those with over $30 million (£24 million) in assets, to create an index of the most important cities for the super-rich.
The index is based on factors such as the the current population of ultra-wealthy, the total amount of private investment in property during 2016, how many inbound and outbound first and business class flights the city had, and the potential to grow numbers of the the super rich in 10 years.
