What are the world’s top cities by total residential footprint? Taking account of UHNW individuals’ homes used for primary residence and all of their additional secondary homes, we find that:
New York is the pre-eminent global city of the wealthy. By absolute number, New York is well ahead of any other city, with a total UHNW footprint approaching 25,000 individuals. The largest regional economy in the US ranks first, both for the number of UHNW individuals by primary residence and those with second homes. This reflects New York’s status as a global center for finance and commerce that offers a rich blend of cultural and luxury lifestyle opportunities, high-quality education and prime real estate.
Los Angeles takes second position. The second largest wealth center in the US exhibits a total UHNW footprint of close to 16,300 individuals, of which the ultra-wealthy secondary homeowner population accounts for a sizeable two-thirds share (compared with just over half in New York).
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