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Hong Kong now has more super-millionaires than New York City

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  • Hong Kong has officially surpassed New York City as the place with the highest concentration of super-wealthy people.
  • Hong Kong has seen a 31% increase in the number of ultra-rich residents worth at least $30 million, according to a new report from the data firm, Wealth-X.
  • Tokyo, Los Angeles, and Paris were among the top-ranked cities, but major US cities largely dominated the list.
  • Property prices in Hong Kong have increased to reflect the growing wealth of its residents, though the country is in the midst of a housing crisis with limited zoning allocated for residential development.

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Source : BusinessInsider.Com





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