Fastest Growing Cities for the Rich
The cities shown in our visualization are already well-established locations for high-net-worth individuals. Some of them have topped the rankings for decades, while some others are less well-known. But what are the fastest growing cities for the rich?
In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there.
Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Countries that want to attract wealthy individuals will have to apply tax-friendly policies along with other factors such as quality of life, safety, education, and access to amenities that ultra-wealthy residents value.- Visual Capitalist
(176 VIEWS)
This post was last modified on January 5, 2023 10:04 am
A British legislator who has been a strong critic of Zimbabwe has asked the United…
Britain is still against Zimbabwe’s rejoining of the Commonwealth arguing that Harare needs to take…
Zimbabwe, which aims to become an upper middle income country in five years, is one…
Eighty-one-year-old Dorcas Makaya is likely to be evicted today from the plot that she bought…
Six plot holders at Irene Township in Mutasa who were told that they would be…
While the International Monetary Fund staff monitoring team that was in Zimbabwe until today supports…