By 2030, Dubai, Mumbai, and Shenzhen (China) are expected to be in the top 20 wealthiest cities in the world. According to the Henley Global Citizens Report for Q3 of 2022 (July-Sept’22), released by Henley & Partners Group, a London-based residency consultancy organisation, these three cities are anticipated to enter the top 20 cities with the most billionaires by 2030 due to their rapid growth.
Dubai Ranks 23rd And Mumbai Ranks 25th Globally
With 67,900 millionaires, 202 centi-millionaires (those with fortune equivalent to or over 100 million), and 13 billionaires already living there, Dubai now ranks 23rd in the world. Mumbai, an Indian city that ranks 25th internationally is home to 60,600 millionaires. It is also home to 243 cent millionaires, and 30 billionaires. According to the research, the National Stock Exchange and the Bombay Stock Exchange, both in the megacity, are two of the top ten biggest stock exchanges in the world by market cap.
The millionaire populations of #Dubai, Mumbai, and Shenzhen are growing quickly, and these three cities are expected to break into the top 20 wealthiest cities by 2030, according to Andrew Amoils, Head of Research at New World Wealth. https://t.co/XQSZnS9ZmP
— Dubai Media Office (@DXBMediaOffice) September 14, 2022
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UAE Has Added New Immigration Regulations
The UAE has also recently introduced new legislation to provide more immigration alternatives for those who work remotely, at start-ups, as innovators, and as retirees. Also to increase advantages for relatives who already live there. As a result, Dubai constantly outperforms its competitors in the global race for money, people, ideas and projects. All thanks to policymakers’ effective and quick thinking. These new initiatives will make Dubai enter the top 20 wealthiest cities by 2030.
Top 10 Wealthiest Cities in The World
Here is the list of the top 10 wealthiest cities in the world:
- New York: 345,600
- Tokyo: 304,900
- San Francisco Bay Area: 276,400
- London: 272,400
- Singapore: 249,800
- Los Angeles & Malibu: 192,400
- Chicago: 160,100
- Houston: 132,600
- Beijing: 131,500
- Shanghai: 130,100
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