The 17 cities where the world's richest people want to live
Rich people with a net worth of $30 million or more love spending money on real estate, and they have favourite cities from New York to Geneva
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Your support makes all the difference.Rich people love spending money on real estate, whether it's a loft in London or a mansion in Beverly Hills - or both.
Wealth-X, a firm that does research on ultra high net worth (UHNW) people, shared data with Business Insider on the residential addresses of people with a net worth of $30 million or more.
The firm found that 14,574 UHNW people own property — whether a primary home or a vacation spot - in New York, the most of any city in the world.
Below are the 17 cities where the world's richest people either live or own a vacation home.
17. Munich
Total UHNW population: 1,352
UHNW residents: 1,060
UHNW second homeowners: 292
16. Milan
Total UHNW population: 1,731
UHNW residents: 800
UHNW second homeowners: 931
15. Toronto
Total UHNW population: 2,021
UHNW residents: 1,760
UHNW second homeowners: 261
14. Geneva
Total UHNW population: 2,215
UHNW residents: 210
UHNW second homeowners: 2,005
13. Zurich
Total UHNW population: 2,553
UHNW residents: 1,900
UHNW second homeowners: 653
12. San Jose
Total UHNW population: 2,791
UHNW residents: 1,380
UHNW second homeowners: 1,411
11. Houston
Total UHNW population: 2,884
UHNW residents: 2,290
UHNW second homeowners: 594
10. Miami
Total UHNW population: 2,927
UHNW residents: 1,440
UHNW second homeowners: 1,487
9. Dallas
Total UHNW population: 2,968
UHNW residents: 2,330
UHNW second homeowners: 638
8. Chicago
Total UHNW population: 3,896
UHNW residents: 3,100
UHNW second homeowners: 796
7. Paris
Total UHNW population: 4,663
UHNW residents: 3,430
UHNW second homeowners: 1,233
6. San Francisco
Total UHNW population: 6,391
UHNW residents: 2,350
UHNW second homeowners: 4,041
5. Singapore
Total UHNW population: 7,953
UHNW residents: 2,180
UHNW second homeowners: 5,773
4. Hong Kong
Total UHNW population: 8,009
UHNW residents: 7,650
UHNW second homeowners: 359
3. Los Angeles
Total UHNW population: 8,272
UHNW residents: 4,590
UHNW second homeowners: 3,682
2. London
Total UHNW population: 9,301
UHNW residents: 3,134
UHNW second homeowners: 6,167
1. New York
Total UHNW population: 14,574
UHNW residents: 8,340
UHNW second homeowners: 6,234
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Read the original article on Business Insider UK. © 2016. Follow Business Insider UK on Twitter.
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