30 Nov '17, 9pm

Monaco, Geneva, Singapore Have Highest Percentage of Ultra-Wealthy Residents

Monaco, Geneva, Singapore Have Highest Percentage of Ultra-Wealthy Residents

Two city-states, Monaco and Singapore, as well as Geneva, Switzerland, claimed the top three spots in a ranking of the world’s highly-concentrated cities for ultra-high-net-worth individuals, according to a report Thursday by Wealth X, a global wealth information provider. In Monaco, one out of every 56 people is ultra-high net worth, those whose assets are worth at least US$30 million, the highest density out of the 30 global cities ranked in The Wealth-X City Residential Index 2017 . Geneva, the global hub for banking and diplomacy, came in second. With an estimated population of 490,000, it has one ultra-high net worth individual out of every 221 residents. There are 210 ultra-high net worth residents who live primarily in the city, in addition to the 2,005 people who own second homes there. Meanwhile, Singapore has one super-rich resident living among every 707 people....

Full article: https://www.mansionglobal.com/articles/82081-monaco-genev...

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