Our list of the 11 most popular cities among the rich features some of the cities where the ultra-rich of the world today are flocking to. Be it the tycoons or the business honchos, these cities are among the most favorite ones of the elite clan for not only the class and lifestyle they offer, but also the opportunities they present. You may find that these cities are different from the ones on the list of The Top 10 Richest Cities in the World, which may strike as odd. However, these cities aren’t necessarily the richest, but they have become the most preferred cities for the super-rich because of numerous other criteria they fulfill.
Some of these cities, for instance, are the biggest centers for business and finance while some others, who aren’t quite up to the level of the veterans yet, are being considered as the emerging economies in the years to come. They are even being touted as strong competition to the old favorites that face the threat of being displaced from the list by them very soon. Shanghai, being one such ‘emerging economy’, is climbing the ladder of the hot favorites fast.
The quality of education is another factor which has made these cities the crème de la crème of the cities of the world. More and more heirs are being sent to the sought after locales to complete their education. But, it is also the quality of living that poses a crucial selection criterion. Without the flashy lifestyle it is hardly a secret that these cities wouldn’t have made the cut. The multi-millionaires and high net worth individuals have the option of settling down anywhere in the world but the cities which have bagged the coveted position of being the most popular cities among the rich clearly have to shine through in every possible way.
Overall, we can see that Europe tops the popularity list among the world’s upper class, closely followed by North America and Asia. So are you curious where you could spot the who’s who of the upper class yet? Let’s have a look at the cities that have made the cut:
11. Zurich
The largest city in Switzerland is well-known for its high quality of life and has even been ranked number 1 on the ‘Quality of Life Survey’ by Monocle. The high standard of living is expected to accelerate its economic growth. No wonder it is has earned the favor of the rich.
10. Berlin
Berlin is in a coveted position due to its high standing in political power. It lacks a tad bit in economic activity but makes up for it with its technology and living standards.
9. Beijing
The most populous country in the world has made its mark on all the economic indicators. It has been fairing well in knowledge, technology and economic activity and is expected to surpass in the very near future.
8. Geneva
For its high standard of living, Geneva manages to rank number 8th on the list of most popular cities among the rich. Even though it is a global city it is fairly small in size, but, the soaring prices of real estate indicate how the rich are ones vying for it.
7. Shanghai
As we talked about Shanghai before, it is one of the cities that are fast gaining popularity among the elite. The economic activity level is also one of the highest in the world.
6. Miami
No one’s a stranger to Miami’s vibrant beaches and flamboyant atmosphere. If there’s any city that can reflect the lifestyles of the rich and famous, it is here.
5. Singapore
Singapore’s accolades are one a many. From the largest GDP to the second highest quality of life, Singapore’s, qualification to be on the list of most popular cities among the rich is undeniable.
4. Paris
The fashion capital of the world doesn’t fail to capture the interest of the rich. After all, the city has spelled class like no other for years. And, even though, its popularity has considerably decreased and it is likely to decrease in future, as of now, it still commands a certain amount of favor from the ultra-rich.
3. Hong Kong
Hong Kong fares well on most standards and not only is it the top international centers for finance but also one of the most expensive cities in the world. The low tax rates and state-of-the-art infrastructure just adds to its benefits.
2. New York
Haven’t we all heard about the Upper East Side? New York has been in the most powerful city economically with Wall Street, being the largest equities market, only further capitalizing its position. Of course it is attractive to the billionaire society.
1. London
The city in United Kingdom is and is likely to remain the priority destination among the richest of the rich. Not only is it one of the strongest economies, the luxuries of London is beyond par. Everything about London exudes elegance, and it is likely to maintain its position as the top most of the most popular cities among super rich in the foreseeable future.
