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NYC No Longer Has the Most Super-Rich People

That honor transfers to Hong Kong
By Jenn Gidman,  Newser Staff
Posted Sep 6, 2018 9:00 AM CDT
NYC No Longer Has the Most Super-Rich People
Hong Kong is bursting with the super-rich.   (Getty Images/Nikada)

(Newser) – Looking to hobnob with the rich but not necessarily famous? Although New York City used to be where you'd be find the largest population of super-rich people in the world, Hong Kong has taken over the top spot this year, CNNMoney notes. That's per a new report from research firm Wealth-X, which looked for how many UHNWIs (ultra-high-net-worth individuals) reside in cities around the globe. To qualify as an UHNWI for this study, an individual had to be worth $30 million or more, and thanks to its robust stock market and ties to a burgeoning Chinese economy, Hong Kong now claims more than 10,000 of these super-rich residents. The Big Apple falls to second place with nearly 8,900. Here, the top 10 cities and the number of UHNWIs in each:

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  1. Hong Kong; 10,010
  2. New York; 8,865
  3. Tokyo; 6,785
  4. Los Angeles; 5,250
  5. Paris; 3,950
  6. London; 3,830
  7. Chicago; 3,255
  8. San Francisco; 2,820
  9. Washington, DC; 2,735
  10. Osaka, Japan; 2,730
Check out more from the world wealth report here. (The 5 richest US states.)

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