U.S. boasts highest number of cities with large HNWI population
No Middle East country made it into the list analysing the global high net worth community and published by New World Wealth. London topped the list with over 339,000 millionaires at the end of 2013, followed by New York and then Tokyo. Dubai was not even the highest ranked country in the Middle East as Istanbul was named the regional number one with 35,000 millionaires.
The US boasted seven cities in the top 30 list while Germany (three), China (two), Japan (two) and Switzerland (two) all had multiple entries. The top 30 also included 12 Asian cities, 10 American cities and eight European cities. In terms of number of millionaires per unit of the population, Swiss cities Geneva and Zurich came out on top followed by Singapore in third place.