32 cities around the world where the most rich people live

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wealthy couple anonymousNew York City remains the wealth capital of the world.

According to a new report from Wealth-X, a firm that does research and valuations on ultra-high net worth (UHNW) individuals, the New York metro area counted the highest number of residents with $ 30 million or more in assets in 2016. The number of wealthy residents rose 9% from 2015 to 8,350, just under 1% of the city’s total population.

Two other global financial hubs, Hong Kong and Tokyo, rounded out the top three, proving financial centers are a magnet for the ultra wealthy. New York and Hong Kong also have the highest number of billionaire residents.

Wealth-X used its database of UHNW individuals to estimate the total population of rich people in the world’s major metro areas, which include suburbs beyond the city limits. The final population results are rounded to the nearest 10.

Notably, American cities dominated the list claiming more than half in the top 32, while cities in Latin America, the Middle East, Africa, or the Pacific regions didn’t make the cut.

Below, check out the top 32 cities in the world where the most rich people live.

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30 (TIE). Shanghai, China

UHNW population (2016): 960

Year over year change: +9.1%

30 (TIE). Phoenix-Mesa-Scottsdale, Arizona

UHNW population (2016): 960

Year over year change: +7.9%

30 (TIE). Moscow, Russia

UHNW population (2016): 960

Year over year change: -4%

See the rest of the story at Business Insider
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