10 Global Cities Where Super-Rich Resides

By siliconindia | Wednesday, 12 February 2014, 13:19 Hrs

Singapore

Singapore is situated in just one city. This city is fourth in this list as it has the highest number of millionaires in the world. The city is a leading logistics hub and their economy depends heavily on manufacturing, refining imported goods and exports. Few significant sectors like electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences are the attraction of this city. It also has a big casino gambling market. Singapore is one of the most preferred cities among high net worth individuals adding the total count of 225,000 millionaires.

Hong Kong

Hong Kong ranks well when it comes to “quality of life” and “economic activity”. Being one of the leading international financial centers in the world, Hong Kong has a major capitalist service economy, which is well known for its low taxation and free trade. Hong Kong’s currency dollar is the world’s eighth most traded currency and has the highest per capita incomes. Few other factors like economic freedom, financial and economic competitiveness, quality of life, corruption perception, Human Development Index are all ranked highly in Hong Kong. Total millionaire population comes up to 164,500.