Where Do the Ultra Wealthy Live?

The number of people who are prime candidates for setting up a family office — those with at least $100 million in liquid investible assets — has increased by 54% over the past decade, according to The Centi-Millionaire Report 2024, recently released by wealth and investment migration advisors Henley & Partners.

There are currently 29,350 of these individuals worldwide, and one-third of them live in 50 cities identified in the report. At the top of the list:

  • New York: 744
  • Bay Area (San Francisco and Silicon Valley): 675
  • Los Angeles: 496
  • London: 370
  • Beijing: 347
  • Singapore: 336

The report projects that the three U.S. cities at the top of the list will see over 50% growth in the number of centi-millionaires in the next 10 years.

It also highlights a dramatic increase — 108% — in the number of centi-millionaires in China in the past decade. This compares with growth of 81% in the United States and just 26% in Europe during that time.

About the Author

Margaret Steen

Margaret Steen is the editor of FO Pro, The Family Office Professional. Based in Silicon Valley, she has written for Family Business Magazine for more than 15 years.


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