Top 15 cities for BILLIONAIRES.
1. New York, USA
2. Hong Kong, CHINA
3. San Francisco, USA
4. London, UK
5. Moscow, RUSSIAN FEDERATION
6. Los Angeles, USA
7. Beijing, CHINA
8. Singapore, SINGAPORE
9. Shenzhen, CHINA
10. Mumbai, INDIA
11. Dubai, UAE
12. Paris. FRANCE; São Paulo BRAZIL: and Istanbul TURKIYE (TIED)
15. Hangzhou, CHINA
THE ULTRARICH GET RICHER
Simply becoming a millionaire is no longer considered as exceptional, as wealth has become incredibly concentrated at the top. A group of just 18 people, each worth more than $50 billion, has been steadily making gains. Representing just less than 1% of billionaires (0.5%), their share of billionaire wealth has increased from under 4% in 2014 to 16% in 2023.
Large cities are to be their place to work and live, as the top 15 cities accounted for 28% of billionaires. While cities within the U.S. (New York and Los Angeles) experienced the greatest growth of billionaires, centers within China experienced a loss in population amid challenges in the economy.
USA has the greatest number of BILLIONAIRES, followed by China, Germany, India, and the United Kingdom.
The rich are getting richer. Many Americans struggled to keep their heads above water while navigating sky-high inflation and housing costs, but billionaires had another record-breaking year in 2023.
As inequality balloons, more people join the billionaire class. Last year, the global population grew by 4%, bumping the cohort to a new high—according to data firm Altrata’s recently released 2024 Billionaire Census, which uses data from Wealth-X.
That’s not the only milestone they broke: Billionaire wealth skyrocketed by 9% to a record $12.1 trillion in 2023.
Where do the affluent choose to live? North America has proven to be an especially cozy place for wealth to grow.
The area cemented itself “as the world’s leading billionaire region” in 2023, with one in three billionaires living there. It’s in part thanks to the fastest growth of Billionaires in any other region, as the population of said individuals increased by 9.9%. Even so, every other region in the world besides Asia experienced a growth in Billionaires—which Altrata attributes to the volatile Chinese stock market.
Narrowing it down even further, the United States has the greatest number of billionaires. That’s followed by China, Germany, India, and the United Kingdom. The U.S. billionaire population increased by 10% to 1,050 people. New York City remains the apple of billionaires’ eyes, with the most global billionaires.
SINGAPORE AIRPORT BIOMETRIC IMMIGRATION CLEARANCE SYSTEM
“ SINGAPORE — A new biometric immigration clearance system at Singapore’s Changi Airport is offering greater convenience to travelers while allowing the government to keep a closer eye on who enters and leaves the country.
Instead of presenting their passports, Singaporean nationals and long-term residents can be screened to enter or exit the country simply through facial scanning conducted at automated kiosks.
The information is compared against a database of facial and iris biometrics maintained by Singapore’s Immigration & Checkpoints Authority. The new system, which has been in place since August, starting from some of arrival immigration counters at Changi’s Terminal 3, will cut immigration waiting times by 40%, according to the agency.”
The 10 MOST DESIRABLE CITIES IN THE WORLD: according to Wanderlust
1. Tokyo , JAPAN
2. Singapore , SINGAPORE
3. Rio de Janeiro, BRAZIL
4. Sydney , AUSTRALIA
5. Cape Town , SOUTH AFRICA
6. Vancouver, CANADA
7. Buenos Aires, ARGENTINA
8. New Orleans, USA
9. Hong Kong , CHINA
10. Chicago, USA
JAPAN with Asian capital TOKYO has just been named the World’s ‘most desirable’ city.
https://www.english.metro.
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The renowned luxury and lifestyle magazine Condé Nast Traveler has announced the results of its Readers’ Choice Awards 2024, with Tokyo returning to the top spot in the U.S. edition ranking of “Best Big Cities in the World” after a two-year hiatus.
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‘Ancient temples sit alongside futuristic skyscrapers in this gold-standard capital.
It’s a bustling metropolis, a unique blend of ancient tradition and hyper-modern living and now the Japanese capital is also officially the most desirable city in the world.
That’s according to the annual Wanderlust Reader Travel Awards. 168,000 people cast a total of 3 million votes over 22 categories, and the result? Tokyo has been named the world’s ‘most desirable’ city.
‘While the evergreen Sensō-ji temple in Asakusa or the museums of Ueno Park will always attract visitors here, this is a city that doesn’t stand still. The newly regenerated Azabudai Hills neighborhood, for example, is currently building up an exciting roster of galleries, stays and museums that promise much. Beyond this, the quiet neighborhoods of Shimokitazawa and Yanaka offer glimpses of old Tokyo, while Rikugien Garden provides a green escape from the neon hustle,’ says Wanderlust, adding: ‘It’s just reward for a city of rare depth, where ancient temples sit alongside futuristic skyscrapers, and world-class dining lies next to hidden ramen shops.’
And we have to agree: Tokyo is pretty special. As for the rest of the world’s most desirable cities, Singapore came in second, followed by Brazil’s Rio de Janeiro in third.
Onward & Upward towards, One People, One Nation, One Destiny.
