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1 Chapter 1 : The Rich Love to Live in These 10 U.S. Cities Almost the richest city of all in the country with a harbour for a thousand ships may well be an exaggerated description of Bristol by the writer Gesta Stephani but it sums up the twelfth-century view of the city as second to London in status with an important international port, producing wealth that directly influenced the art and architecture of the city throughout the Middle Ages. The city is home to 46, millionaires and 28 billionaires. Two Kolkata localities - Ballygunge and Alipore have emerged as among the most affluent in India. Feb 21,, While the City of Joy is home to millionaires, Hyderabad boasts of such high net worth individuals, Bangalore, Pune, Gurgaon and Chennai millionaires. However when it comes to billionaires, the city falls behind as it records only four such individuals along with Chennai. Bangalore on the other hand has eight billionaires, Hyderabad six and Pune five. Gurgaon has only two billionaires. It is also home to 23, millionaires and 18 billionaires. It is home to, millionaires and 95 billionaires in total. Interestingly Gujarati cities Surat, Vadodra and Ahmedabad have emerged as the top cities of growth in wealth. Surat is now the fastest growing city in India in terms of GDP growth followed by Ahmedabad which the report says is home to the major sectors like basic materials cotton, manufacturing textiles, automobiles, IT and healthcare pharmaceuticals. The other cities which recorded the highest GDP growth since are Goa which is also home to a large number of wealthy retirees, Chandigarh and Jaipur. Globally, as many as 82, millionaires HNWIs migrated in, compared to just 64, in with Australia becoming the biggest gainers. An estimated 11, millionaires moved to Australia in â the highest such inflow in any country compared to 10, that moved to the US and 3, that moved to the UK. This is the second straight year that Australia has benefitted from wealth migration. Experts say the main reason for this could be that Australia has one of the best healthcare systems in the world. In the UK, the NHS is deteriorating, whilst in the US the mandated healthcare insurance Affordable Care Act enacted in has not turned out well for wealthy and middle class patients. France was one of the biggest losers with recent terrorist attacks and political turmoil. The large outflow of millionaires from France over 12, millionaires is is notable â France is being heavily impacted by rising religious tensions between Christians and Muslims, especially in urban areas. In our view, other European countries where religious tensions are starting to emerge such as Belgium, Germany, Austria, the UK, Holland and Sweden will also be negatively affected in the near future. Of further concern, since, France has experienced a net outflow of over 60, millionaires. Around 6, left in, 10, left in and 12, left in Page 1
2 Chapter 2 : America's richest cities Frisco, the richest city in America, is a little nook just outside of Dallas. Residents here have the highest annual salaries in America. So now you know. 2. November 16, Wealthy people are more prevalent in certain cities. If you live in an area with higher paychecks, a lot can go your way quickly. Housing costs might be high as demand goes up to live in that area, but a high paycheck means you should be able to afford that â at least in theory. The trick is to manage your funds responsibly so you can put things like real estate, stock investments, and credit cards to work for you. The personal finance website analyzed several key indicators of wealth in cities across the country with a population of 65, or more people. They equally weighted factors including median household income, median home value, the average credit limit of cardholders in the area, and the percentage of homes without a mortgage. Their findings are overwhelming: Of the top 10 wealthiest cities in the country, according to this analysis, nine of them are located in California. One interesting thing to note: San Francisco ranks No. New York ranked No. How does your hometown compare? Home prices are unsurprisingly high for this prime real estate between San Diego and Los Angeles, but luckily for homeowners, there are high paychecks to go with it. More than a fifth of homebuyers own their property outright without a current mortgage, meaning debt is likely low for those households. Like those living in Carlsbad, a full fifth of people living in this area have paid off their homes. Surprisingly with that data, almost a quarter of people living in this area already own their homes without a mortgage. The region is located on the San Francisco peninsula, south of the Frisco city limits. Just south of Laguna Beach, this suburban city had a good balance of high incomes with high home values, along with a decent rate of total home ownership and high credit limits. The suburban city, located near Anaheim south of downtown LA, is surrounded by a hotbed of activity. The median home value is higher than many of the California cities on this list, but it also shows that living inside the beltway of Washington, D. The median household income and average credit limit are the second-highest in the nation, NerdWallet reports. Most notable here is the sky-high credit limit: Residents have quite a bit of accessibility to shopping with plastic when they want to. Located inland from San Francisco across the bay, residents enjoy a high credit limit and median income, along with housing values that should make their real estate investments a safe bet. As expected, high median home values are balanced out with high median incomes. People living in Palo Alto had the highest median income, highest home values, and largest percentage of complete home ownership. Wealthiest cities by region Wealthy people can be found in certain areas of every region. Here are the top cities for each region. Palo Alto has an overall wealth score of Page 2
3 Chapter 3 : The Richest Cities in the World - theinnatdunvilla.com Almost the Richest City: Bristol in the Middle Ages (Hardback us. So what are the hottest cities on the planet? Where are the cities that create and hold the most wealth? Where are the metropolitan areas that generate or attract the fancy of the super-rich? This is a list of the favorite cities for rich people. But there is an irony: Many of the cities on the list, despite their iconic skylines and world-renown cultural amenities, are also blighted by large slums and are bedeviled by all the challenges of large urban centers. Another aspect of the list is that it charts the emergence of a number of rising global economic powers. Many of the homes of the super-rich are the usual suspects: European and American cities that have been attracting investment and tourists for generations. But there are newer wealth centers on the list as well, places that are just in the last few decades becoming synonymous with high living. Places like Korea, India, China and Russia, have entered the big leagues of international finance, and their cities are becoming havens for the wealthy and powerful. The country has long been locked out of the European Union and it has been in the news lately because of a failed coup. Still, Turkey has long been one of the most stable and Western-friendly countries in the Middle East. It also happens to be one of the most culturally significant cities in the world going back more than a millennium, from the Ottoman empire, further back to when it was known as Constantinople and was the jewel of the Byzantine Empire, and even further back, into the Roman Empire. Istanbul is currently home to more than two dozen billionaires, more than many of the other cities on this list. Its cultural landscape is like no other on Earth. There are 18 billionaires who call the city their home. Tadashi Yanai is the richest of these. It has a thriving arts and cultural scene. It is the only city in the U. Not bad for the home of the Super Fans It helped breed the Impressionists. But Paris is still Paris, and the super-rich continue to find the City of Light irresistible. It also has a number of home-grown billionaires. With nearly 25 million residents in its metro area and 10 million in the city proper, it ranks as one of the top 20 biggest cities in the world. Along with Japan and more recently China, South Korea is one of the key industrial powers in the region. The two Lees are among 30 billionaires who call Seoul home. These four countries are supposed to be the up and comers on the economic scene. But they are growing fast, taking advantage of large populations and abundant natural resources. Brazilian cities like Sao Paulo and Rio, just missed the list. India, meanwhile, is represented by Mumbai. Over the last couple hundred years, Boston has been passed by a number of new cities in terms of overall importance. Even places like Columbus, Ohio, and Indianapolis, Indiana, have larger populations. Just under 10 percent of Boston households rank in the top 5 percent of U. Page 3
4 Chapter 4 : Almost the Richest City: Bristol in the Middle Ages, 1st Edition (Hardback) - Routledge Los Angeles is the second richest city in the US and ranks third globally with a GDP reaching $ billion. According to the census, the city had a population of million residents in the urban area and almost 20 million in the greater area. Bloomfield Hills, a suburb of Detroit, is one of the richest places in the United States by per capita income. In the United States, per capita income can vary widely depending on state or city. The richest cities in the US can be discovered by examining the per capita GDP of the residents of each cities, which range from small census-designated places to larger suburbs of major cities in the country. Notably, the exclusive island can only be accessed by private helicopter or boat. The island, which formerly only housed one family, began to attract other millionaires in the s. Several celebrities have owned homes on the island. It is home to just under 4, people, who have on average one of the highest incomes in the entire United States. The suburb is home to a number of private schools, as well as stately mansions. Interestingly, Baker is located almost equidistance from the state lines of Tennessee, Kentucky, Illinois, and Arkansas. The setting of Baker is rural. Bridges cross Lake Washington to connect the two communities. Hunts Point is contained to one peninsula that jets out into lake Washington, not far from Bellevue. It is considered to be part of the Bay Area. The affluent area is also home to a number of private schools. The area is mostly rural. It is the wealthiest place in the state of Tennessee, and one of the wealthiest in all of the American south. Although its population is small, the city boasts its own mayor, police force, and city hall. The small community has the 8th highest per capita income in the United States. It is the wealthiest place in the state of Ohio. Like its neighbor in Kentucky, Hunting Valley today is a sparsely populated with big estates. It could be described as a bedroom community of the city of Louisville. Historically, Mockingbird Valley has been a location for wealthy residents from Louisville to place summer homes within its rolling hills. Today, the small area is home to a small number of estates, which are tucked away in the privacy of the forested streets. It has a total population of just over 3, residents, many of whom live in large upscale houses. Notably, there is a large disparity between the average income reported for men and women in Piney Point Village. The city of Piney Point Village prohibits the construction of any business infrastructure, and the area is completely residential. It has a population of around 5, residents. Avon is also known as being one of the safest cities in the United States. Hewlett Bay Park is known for its rural character which is unique for the south shore of Long Island. Chapter 5 : 15 Cities With The Richest Citizens In The World TheRichest The third-largest city in the United States of America based on its population of 2,, (July 1, ) as well has gross domestic product score $ billion is on eighth rank in world richest cities. Chapter 6 : TheRichest - The World's Most Entertaining Site The city has nearly 50 billionaires, representing a combined worth of almost $ billion. As a testament to the appeal of London, the richest of these is Len Blavatnik, who was born in Russia but is now considered the richest man in the U.K., worth more than $15 billion. Chapter 7 : Top 10 Most Richest Cities in the World They are located almost exclusively along the East and West Coasts including cities in Alaska and Hawaii. 24/7 Wall St. reviewed income levels in metropolitan areas to identify the 25 richest. Chapter 8 : 25 Richest Cities in America - 24/7 Wall St. New York is no longer the city with the biggest super-rich population. the United States remains the preferred country for Page 4
5 the world's richest and is home to almost a third of the world's. Chapter 9 : Almost the Richest City : Lawrence Keen : We've taken a look at the top 10 wealthiest cities in the U.S., along with a breakdown of the wealthiest cities in each region of the country. Surprisingly with that data, almost a quarter. Page 5
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