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The severity of the itch is inversely proportional to the ability to reach it.”
The most important cities in the world for the super-rich
Oli Scarff/Getty ImagesLondon scored the number one spot.
Which are the hottest cities for the world’s ultra-wealthy? Global real estate consultant Knight Frank broke them
The report ranks the top 40 cities for “Ultra High Net Worth Individuals,” which is anyone with a net worth of more $30 million. The ranking looks at business links, economic activity, quality of life, and the number of super-rich people who live there.
“In short, these are the cities where the wealthy congregate, work, invest, are educated and spend their leisure time,” the report says.
In other years, New York has been number one, but this year London edged it out. Several of the top 10 cities are in Asia.
Here’s the full list:
Rio de Janeiro