Hong Kong Has Largest Concentration of Wealthy Population in Asia
According to a report from Knight Frank, Hong Kong now has the largest concentration of wealthy population in Asia. Ultra high net worth individuals in Hong Kong own 3.3 homes on average compared with 4.3 in Saudi Arabia, 4 in Taiwan and 3.2 in Singapore.
“New York ranked top in terms of number of individuals with US$30 million or more in net assets, defined as ultra-high-net-worth individuals.”
~ South China Morning Post
New York ranked top in terms of number of individuals with US$30 million or more in net assets, defined as ultra-high-net-worth individuals, followed by London. Beijing was sixth and Shanghai seventh, according to the survey.
Related Report: South China Morning Post
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