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Billionaires like Jeff Bezos, Elon Musk, and Mark Zuckerberg can choose any city on the planet to live in. So why do more than 25% of the world’s billionaires choose the same ten cities? These places are home to more billionaires than anywhere else on the planet. More than half of the cities in the top ten are Asian, which makes sense since China has the most billionaires of any country. In fact, China is the first country to have more than 1,000 known billionaires.
From Beijing to London, these cities are the best for luxury lifestyles. New York City is one of the most expensive cities in the world for the ultra-rich, but it offers amazing apartments and penthouses. Meanwhile international hubs like Hong Kong and Shanghai are continuing to grow, offering luxury gated communities and ritzy neighborhoods as well as epic business opportunities. The richest people on the planet, from TikTok founder Zhang Yiming to New York’s Michael Bloomberg, know exactly what city they need to live in to make the most of their money. So, does the city make these people wealthy, or are the wealthy people making their cities even more luxurious?
The location of the ultra-rich depend on a few factors– the freedom of the market, the international appeal of the city, and the glamour of available real estate are just a few categories. Here are the ten cities the world’s richest are choosing to live and grow their fortunes– and why they’re the top choices.
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Written by: Courtney Hayes
Narrated by: Adam Newmark
Edited by: AJ Varela
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02:37 New York City
05:05 Hong Kong