Three of the four biggest clusters of billionaires in the world are classic US destinations for the uberwealthy: New York City, Los Angeles, and the Bay Area, which includes the neighboring tech hubs of San Francisco and Silicon Valley. Nearly 163 billionaires reside in those three hot spots alone.
According to the 2022 Knight Frank Wealth Report, the cities of New York, Tokyo and Paris have become the most popular places to live for billionaires. London and Los Angeles are next. The capital of Great Britain is also recognized as the best city for life and investment.
New York City topped the list with 136 billionaires in 2022. The city's uber-rich population lost two people from 2021 to 2022, but it's still the global billionaire capital.
In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371.
The financial service industry has created the most millionaires in modern times. The financial system manages the money of people worldwide.
Finance and investments remains the surest way to get ultra-rich. It's the industry with the highest number of billionaires, 372, including hedge fund and private equity tycoons, bankers, venture capitalists and fintech founders.
High net worth investors typically keep millions of dollars or even tens of millions in cash in their bank accounts to cover bills and unexpected expenses. Their balances are often way above the $250,000 FDIC insured limit.
Richest man in the world, Bill Gates, dropped out of Harvard to focus on Microsoft full-time. Sure, he may have had the most intelligent computer software the world had ever seen up his sleeve, but still, he dropped out and still managed to be the world's biggest success.
With 126,900 millionaires, Sydney made it to number 10 with the report noting especially strong growth in wealth in the Harbour City over the past 20 years, making it Australia's wealthiest city. It's also predicted to reach the top 5 wealthiest cities in the world by 2040.
Forbes' real-time data shows that as of June 2023, there are 47 Australian billionaires on the list of the world's richest people.
An overwhelming majority (approximately 96 percent) of the top 1 percent are concentrated in major metropolitan areas such as San Francisco, Washington, DC, New York, and Los Angeles. However, a few outliers exist in suburban and even rural areas.
Rich men typically want women who are not only physically attractive but also have a certain level of intelligence and sophistication. They don't like when women are too talkative, needy, and desperate. When a woman is interested in a rich man, she will be more confident and seductive.
New York City wears the crown as the world's top city with the most millionaires in 2023.
Citi Private Bank is the private banking department of Citibank. Their services are reserved for worldly and wealthy individuals as well as their families. While eligible clients can get deposit accounts and retirement accounts as you'd find at any other bank, there are also many specialized products and services.
For rich folks, credit cards are a tool to manage their finances and simplify their spending. Credit cards give people a convenient way to spend, and that includes the wealthy. They often use credit cards to make large purchases or to pay for travel and entertainment expenses.
While the average American scrimps and saves to afford trips to such places as Hawaii and Florida, billionaires can spend hundreds of thousands of dollars in a week (and sometimes more) on stays in luxury hotels and resorts that the rest of us can only ever read about in glossy magazines.
Financial freedom, personal freedom, having control over your life– these are all types of freedoms billionaires seek to help them find motivation. Oftentimes, freedom is one of their main drives right from the get to go.
Countries With Most Billionaires
The United States is the country with the most billionaires, with a total of 724 billionaires. China is the country with the second-highest number of billionaires, with 698 individuals. India is the third country with the most billionaires with 237 billionaires.
Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.
“90% of all millionaires become so through owning real estate.” This famous quote from Andrew Carnegie, one of the wealthiest entrepreneurs of all time, is just as relevant today as it was more than a century ago. Some of the most successful entrepreneurs in the world have built their wealth through real estate.
Dated ways of describing someone worth n millions are "n-fold millionaire" and "millionaire n times over". Still commonly used is multimillionaire, which refers to individuals with net assets of 2 million or more of a currency.