A new report found that New York City is the no. 1 place for ultra-high-net-worth individuals to own a property.
New York City isn't just the city that never sleeps. It's also the most popular place in the country for the 'super-rich.'
A March report from data firm Altrata found that 21,714 ultra-high-net-worth individuals, or those worth over $30 million, own a primary or secondary residence in the city.
The U.S. has the largest ultra-wealthy population, according to the report.
Over half of the world's top 10 cities of super-rich homeowners are here in the United States, which Altrata says reflects the size of the U.S. wealth market and its geographic and business diversity.
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Here's the full list.
Top 10 cities where the super-rich own property
- New York, New York
- London, England
- Hong Kong
- Los Angeles, California
- Miami, Florida
- San Francisco, California
- Beijing, China
- Singapore, Singapore
- Chicago, Illinois
- Washington D.C.
London, England came in second on the list. The city has 15,907 ultra-high-net-worth individuals that use it as their primary residence or secondary home, according to the report.
Money Report
London also stood out among the leading cities as the place where the most ultra-high-net-worth individuals have second homes.
In third place on the list is Hong Kong, which serves mainly as a primary residence of the wealthy because of its links to mainland China. It is home to 15,175 ultra-high-net-worth individuals.
Hong Kong is also known for its low taxation and status as a global financial services hub.
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