The Millionaires represent approximately 1% of the world’s population, but they do not live dispersed. The majority are concentrated in certain cities, and it is not difficult to know where the richest people in the world prefer to live, as they typically choose locations where they can continue to do business or invest their fortunes.

Therefore, it is not surprising that N.Y being the city where the most billionaires live. In addition to Wall Street, tens of multi-million dollar industries are being developed here.

According to a graph of visual capitalistNew York’s status as a global financial center attracts millions of people, according to a report by Henley & Partners. This is how in the financial capital of USA there is 340,000 millionaire residents.

But like New York, there are other cities in the world popular with the wealthy. The data is valid until December 31, 2022.

The cities where the most millionaires live

Visual Capital

Although England still ranks fourth, the Henley & Partners report indicates it has lost millionaires following Brexit, Britain’s departure from the European Union in 2016.

Meanwhile, demand for millionaires has grown in the Australian cities of Sydney and Melbourne (ranked 17th), thanks to some of the highest liveability scores in the world and easy access to Asian markets. Furthermore, no inheritance tax is due.

Texas is also growing its population of millionaires, attracted by technology investments and the migrant investment program. In fact, the number of resident millionaires has doubled in the past decade in locations in China and Texas. (JO)