{"id":118953,"date":"2016-04-04T14:13:52","date_gmt":"2016-04-04T12:13:52","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=118953"},"modified":"2016-04-04T14:24:39","modified_gmt":"2016-04-04T12:24:39","slug":"the-worlds-ultra-rich-are-moving-to-these-8-cities","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/118953\/the-worlds-ultra-rich-are-moving-to-these-8-cities\/","title":{"rendered":"The world’s ultra-rich are moving to these 8 cities"},"content":{"rendered":"

A new report published by New World Wealth indicates which cities the world’s wealthiest people are moving to.<\/p>\n

Three cities in Australia were among the top eight in the world that experienced the biggest inflows of millionaires.<\/p>\n

‘Millionaires’ otherwise known as \u201chigh net worth individuals\u201d or \u201cHNWIs\u201d refer to individuals with net assets of US$1 million or more excluding their primary residences.<\/p>\n

Cities ranked by millionaire inflows 2015<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n
Cities<\/th>\nInflow of millionaires in 2015<\/th>\nMillionaires, 2015<\/th>\n<\/tr>\n
Sydney<\/td>\n4 000<\/td>\n94 400<\/td>\n<\/tr>\n
Melbourne<\/td>\n3 000<\/td>\n66 800<\/td>\n<\/tr>\n
Tel Aviv<\/td>\n2 000<\/td>\n29 000<\/td>\n<\/tr>\n
Dubai<\/td>\n2 000<\/td>\n42 000<\/td>\n<\/tr>\n
San Francisco<\/td>\n2 000<\/td>\n129 000<\/td>\n<\/tr>\n
Vancouver<\/td>\n2 000<\/td>\n25 300<\/td>\n<\/tr>\n
Seattle<\/td>\n1 000<\/td>\n19 600<\/td>\n<\/tr>\n
Perth<\/td>\n1 000<\/td>\n28 000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

NWW pointed out that Sydney, Melbourne and Perth all benefitted from millionaire
\ninflows from China, Europe, the UK, USA and South Africa.<\/p>\n

Other Australian areas such as the Gold Coast, Brisbane, Noosa and the Sunshine Coast also experienced inflows.<\/p>\n

Tel Aviv had large inflows from Europe, especially France. Other Israeli cities such as Herzliya, Jerusalem and Netanya also experienced inflows.<\/p>\n

Australia overall, saw an influx of 8,000 millionaires in 2015, followed by the US with 7,000 millionaires adding to its total millionaire base of 4.18 million, while Canada saw 5,000 new millionaires enter its borders.<\/p>\n

Millionaire outflows<\/strong><\/p>\n

According to NWW, Paris and Rome shed 6% and 7% of their millionaires in 2015. For Parisians, most moved to the UK, USA, Canada, Australia and Israel. And for Rome’s wealthy, most moved to\u00a0 the UK and USA.<\/p>\n

Cities ranked by millionaire outflows 2015<\/h3>\n
\n
\n\n\n\n\n\n\n
Cities<\/th>\nOutflow of millionaires in 2015<\/th>\nMillionaires, 2015<\/th>\n<\/tr>\n
Paris<\/td>\n7 000<\/td>\n126 000<\/td>\n<\/tr>\n
Rome<\/td>\n5 000<\/td>\n73 100<\/td>\n<\/tr>\n
Chicago<\/td>\n3 000<\/td>\n134 000<\/td>\n<\/tr>\n
Athens<\/td>\n2 000<\/td>\n222<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Reasons for leaving:<\/strong><\/p>\n