Taipei ranks 8th in wealth in Knight Frank 2019 Wealth Report
TAIPEI (The China Post/ANN) - Which city has the highest number of rich people in the world? According to the 2019 Wealth Report, conducted by real estate research institute Knight Frank, Taipei ranks 8th and even runs neck and neck with high-tech city Seoul.
The report compares the number of ultra-high-net-worth individuals (UHNWIs) with assets of more than US$30 million dollars from cities around the world, among which London ranks first, followed by Tokyo and Singapore.
London has the largest population with 4,944, while Tokyo and Singapore come next with 3,732 and 3,598, respectively. New York, the U.S. financial center, which unexpectedly falls to the 4th place with only 3,378 people, is even the only U.S. city that makes it to the list.
Liam Bailey, global head of research at Knight Frank, said that London still deserves the first place as it has even more industries than the U.S.
The top 10 cities are London (4,944), Tokyo (3,732), Singapore (3,598), New York (3,378), Beijing (1,673), Paris, France (1,667) Seoul, South Korea (1,594), Taipei, Taiwan (1,519), Zurich, Switzerland (1,507), Sao Paulo, Brazil (1,352).
The report also points out that the average super rich lives in large cities and take business opportunities, lifestyle, medical care and transportation, and other factors into consideration.