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You can find 18.9% of the global ultra-wealthy population across 10 cities, according to Wealth-X's 2019 World Ultra Wealth Report. The report analyzed data from Wealth-X's global database of more than one million records of the world's richest people.
It defines the world's ultra-wealthy population as those with $30 million or more in net worth.
The number of ultra-wealthy among the top ultra-high-net-worth cities dropped by nearly 90 individuals thanks to a steep decline in Hong Kong - but the remaining nine cities averaged a 2.6% growth rate.
Six of the top cities on the list are in the US, two are in Europe, and two are in Asia.
Here are the cities worldwide which have the biggest ultra-wealthy populations, ranked in ascending order. Note that Hong Kong was included on both Wealth-X's top cities and top countries lists, as it's a semi-autonomous, special administrative region of China.
"The combination of the richest White House in history and a boom in government-related businesses and technology companies is transforming Washington's affluence into opulence," he wrote.
8. San Francisco, California, could be home to thousands of new millionaires by the end of 2019.
Number of ultra-high-net-worth individuals: 2,925 (up 3.7%)
Chicago is also home to a big wealth divide — the top 1% of residents earn an annual salary exceeding $600,000, while 21% of residents in the metro area live below the poverty line, according to the same Crain's Chicago Busines report.
6. Paris, France, has fortunes rooted in food, fashion, and luxury good industries.
Number of ultra-high-net-worth individuals: 3,955 (up 0.1%)
Many of France's billionaires, like LVMH founder and CEO Bernard Arnault, are wealthy from success in the global luxury and fashion business, Hugh Carnegy reported for Financial Times.
5. London, England, is the leading ultra-wealthy city in Europe.
Number of ultra-high-net-worth individuals: 4,035 (up 5.4%)
London witnessed the biggest growth in its ultra-wealthy population out of all the cities thanks to "dollar-denominated wealth gains" in the city's internationalized financial sector, according to Wealth-X.
4. Los Angeles, California, has the second-most number of ultra-wealthy people in the US.
Number of ultra-high-net-worth individuals: 5,295 (up 0.9%)
1. New York City, New York, accounts for 11% of the US's ultra-rich cohort.
Number of ultra-high-net-worth individuals: 8,980 (up 1.3%)
As a global financial center and the US' largest regional economy, New York City attracts those "seeking a blend of high-end finance, vibrant culture, luxury commerce, and prime real estate," Wealth-X stated.
The metro area consists of more billionaires than any other country, except for China and Germany.
