There’s always an ongoing contention about which is the wealthiest city in the world. Or maybe where do all the millionaires reside the most? And, finally putting these questions to rest, a London-based migration company has released a list of some of the wealthiest cities in the world. And as it happens, Dubai is the wealthiest city in the Middle East. Here’s more about this development.
Dubai Is The Wealthiest City In The Middle East?
Compiled using exclusive data that highlights the world’s wealthiest and fastest-growing cities, Henley & Partner released a list of the World’s Wealthiest Cities on April 18. According to this detailed report, New York City is the wealthiest city in the world and it has a pretty fast-growing billionaire population. Moreover, the list also featured top cities by region and in the Middle East, Dubai made it to first place. This was followed by Tel Aviv, Abu Dhabi stood third, Doha was at the fourth position, and Riyadh was placed as the fifth wealthiest city in the Middle East.
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A Glimpse Of The Top 10 Wealthiest Cities In The World
Talking in terms of the wealthiest cities in the world, Dubai stood at the 20th position while Tel Aviv was placed at the 30th position. So, if you’re curious about the top 10, here’s a look at them –
- New York City
- Tokyo
- The Bay Area
- London
- Singapore
- Los Angeles
- Hong Kong
- Beijing
- Shanghai
- Sydney
It’s worth mentioning that Henley & Partner has prepared this list on the basis of the number of High Net Worth Individuals (HNWI) that reside in the cities, Dubai has High Net Worth Individuals growing at the rate of 62% while the same for Tel Aviv is at 51%. At this point, it should be mentioned that New York City, which stands at the top has a growth rate of just 40% but there are 3,40,000 HNWIs in the city while the same in Dubai is 68,400.
So, is your city on this list? Click on the link to see the entire list of all the wealthy cities in the world.
Cover Image Courtesy: Pexels