Latest news with #WealthiestCitiesReport
Indian Express
26-05-2025
- Business
- Indian Express
Top 10 fastest-growing wealth hubs in 2025: 3 Indian cities among global 20
Top 10 fastest growing wealth hubs in 2025: Do you know where most millionaires are likely to migrate in the coming years? While many high-net-worth individuals (HNWIs) presently reside in a few major cities, such as New York, Paris, and Hong Kong, they are increasingly moving to hubs that offer better opportunities for growing their wealth and enhanced lifestyles. Henley & Partners' analysis highlights that technology and friendly taxation policies are the foremost creators of wealth. Fastest-growing wealth hubs like Shenzhen, Hangzhou, and the Bay Area host large tech communities to attract HNWIs, while Dubai, Miami, and Singapore benefit from favourable or minimal taxation burdens. These cities are experiencing significant wealth expansion, doubling their millionaire populations over the past decade. America continues to dominate with eight fastest-growing wealth centres. Sixteen Asian cities also feature on the list. Middle Eastern cities, especially within the UAE and Saudi Arabia, have established themselves as pivotal connections in contemporary wealth networks. Source: World's Wealthiest Cities Report 2025 Please note: Rankings are as of December 2024, and all statistics are in USD terms. This table includes only cities with over 10,000 millionaire residents and accounts solely for individuals residing in each city. Millionaire figures have been rounded to the nearest 100. The Silicon Valley of India, Bengaluru, ranked at #3 with 120% millionaire growth, has emerged as one of the fastest-growing wealth hubs globally and in India in the last decade, the report highlights. Furthermore, the capital city and financial capital, Delhi and Mumbai, ranked #14 and #18 globally, have demonstrated strong growth of 82% and 69% growth, respectively, in millionaires over the last ten years. Source: World's Wealthiest Cities Report 2025
Indian Express
25-04-2025
- Business
- Indian Express
Top 10 most expensive cities to live around the world (2025)
Most Expensive Cities in the World 2025: As our world becomes more interconnected, many individuals are choosing to relocate internationally. This raises the question: which cities are currently the most expensive to call home? According to the latest report from New World Wealth by Henley and Partners, Monaco stands out as the most expensive city in the world. With over 40% of its population being millionaires—the highest percentage of any city— Monaco's luxury real estate market sees prime apartments of 100 to 200 m² often listed at more than USD 38,800 per m². Following Monaco, New York City claims the second spot, where the average cost of premium real estate is around USD 27,500 per m². Hong Kong comes in third with prices at approximately USD 26,300 per m², while London sits fourth with prices around USD 24,000 per m². In fifth place is Saint-Jean-Cap-Ferrat in France, with an average price of USD 21,200 per m², and Paris moves up to sixth place at USD 20,400 per m², just ahead of Sydney, which has average prices of USD 19,500 per m². Henley & Partners' 10 most expensive cities in the world, as of 2024—25: In this year's rankings, European cities take up the major spots. France boasts 6 cities/towns, followed by Switzerland and Italy, each having two cities, while the UK contributes one. Notably, the United States is home to four cities on the list, alongside prominent Asian cities like Singapore, which stands at 11th globally with an average price of USD 16,700 per m², and Tokyo at 16th for USD 14,700 per m². Rank City Country Average Price (USD/m²) 1 Monaco Monaco 38,800 2 New York City USA 27,500 3 Hong Kong Hong Kong (SAR China) 26,300 4 London UK 24,000 5 Saint-Jean-Cap-Ferrat France 21,200 6 Paris France 20,400 7 Sydney Australia 19,500 8 Palm Beach USA 18,000 9 Miami Beach USA 17,800 10 Los Angeles USA 17,500 Source: New World Wealth | Henley & Partner Wealthiest Cities Report 2025
