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<ul><li>The growth of India’s super-rich is expected to rocket faster than any other country in the world over the next five years.<br /></li><li>Knight Frank’s Wealth Reports pegs India’s super-rich population to grow by 73% by 2024.<br /></li><li>Bengaluru and the Wadala Truck Terminus in Mumbai have been pegged as the up and coming favourite for investors looking to pump money into real estate.<br /></li></ul>India's super-rich are pegged to grow faster than any other country in the world over the next five years. Knight Frank's Wealth Report predicts that India will see the highest growth in super-rich population, forecasting a 73% increase.<br /><br />Ultra-high-net-worth individuals (UHNWIs) are those with a net worth of $30 million and more — also known as the super-rich. In 2019, the world saw a 6.2% increase in the super-rich despite the global economic slowdown.  Over the next five years, they are set to grow by 27% globally with India leading the pack.<br /><br /><br /><div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[
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<br />“This reflects the positive sentiment captured in our Attitudes Survey, with 55% of respondents expecting their clients’ wealth to increase in 2020,” said the report.<br /><br /><strong>When it comes to real estate<br /></strong>A large part of the UHNWIs wealth is <a href="https://www.businessinsider.in/personal-finance/news/if-you-want-to-be-rich-watch-where-the-super-rich-are-investing/articleshow/74492260.cms">invested in real estate</a>. Currently, cities like New York, London and Paris lead the pack. However, the South Indian city of Bengaluru was pegged as the up and coming favourite for investors.<br /><br />Even the Wadala Truck Terminus in Mumbai is on investors’ radar with them hoping that the transformation of the 288-acre area will be akin to the development of Bandra Kurla.<br /><br />The overall five-year forecast for Asia, pegged at 44%, is twice that of North America’s projected rate. Asia is an “unstoppable trend” but it’s not without its faults, according to David Bailin. “Asia’s capital markets are one-fifth of the size they need to be to support the growth,” he points out.<br /><br /><strong>The rest of the world<br /></strong><br />Right now, the US leads the pack with 240,000 UHNWIs. Even China, which comes in second, only has 61,587 people who have more than $30 million. India still has a way to go before it can crack the top 10, with only 5,986 of them. <br /><br /><br /><table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td colspan="2" style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top 10 countries with the most UHNWIs<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Country<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Population of UHNWIs<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">US<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">240,575<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">China<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">61,587<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Germany<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">23,078<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">France<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18,776<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Japan<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">17,013<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UK<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14,367<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Italy<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10,701<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Canada<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9,325<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Russia<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8,924<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Switzerland<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8,395<br /><br /></td></tr></tbody></table><br />The Knight Frank report expects the global millionaire and billionaire population to continue growing as well — the former more than the latter.<br /><br /><strong>See also:<br /><a href="https://www.businessinsider.in/thelife/news/diamond-studded-handbags-and-pink-floyd-guitars-heres-what-the-worlds-super-rich-are-buying-at-auctions/articleshow/74491112.cms">Diamond-studded handbags and Pink Floyd guitars — here’s what the world’s super rich are buying at auctions</a><br /><br /></strong><a href="https://www.businessinsider.in/personal-finance/news/if-you-want-to-be-rich-watch-where-the-super-rich-are-investing/articleshow/74492260.cms"><strong>If you want to be rich, watch where the super-rich are investing</strong></a><br />

India’s super-rich will grow faster than any other country over the next five years

As per the <a href="http://www.businessinsider.in/searchresult.cms?query=knight+frank+report&amp;sortorder=effectivedate">Knight Frank</a> Wealth Report 2017, <a href="http://www.businessinsider.in/searchresult.cms?query=mumbai&amp;sortorder=effectivedate">Mumbai </a>is ahead of cities such as Washington, Toronto, Moscow, etc when it comes to wealth.<br />
<br /> As per the '<keyword id="4235198" type="UNKNOWN" weightage="20" keywordseo="City-Wealth-Index">City Wealth Index</keyword>' released by Knight Frank, Mumbai is at the 21 st spot, while Delhi at 35, which is ahead of Bangkok, Seattle and Jakarta.<br />
<br />
The report assesses growing super-rich population in 125 cities across 89 countries. The report also scans what is influencing <a href="http://www.businessinsider.in/searchresult.cms?query=HNIs&amp;sortorder=effectivedate">Ultrahigh Net Worth Individuals</a> (UHNWI) investment and lifestyle decisions.<br />
<br />
This year's survey results are based on responses from almost 900 of the world's leading private bankers and wealth advisors. UHNWIs are those with net assets worth over $ 30 million (roughly Rs 200 crore).<br />
<br />
The number of UHNWIs in India has increased by 290% during the last decade. India houses 2% of the world's millionaires (13.6 million) and 5% of world's billionaires (2,024).<br />
<br />
In India, Mumbai leads the race with 1340 UHNWIs followed by Delhi (680), Kolkata (280) and Hyderabad (260) UHNWIs. Indian cities that saw a rise in UHNWIs compared to 2015 include Pune (18%), Hyderabad and Bangalore (both at 15%) and Mumbai (12%).<br />
<br />
Out of 40 global cities, Mumbai ranks 11 in the 'future wealth' category ahead of Chicago, Sydney, Paris, Seoul and Dubai.<br />
<br />
"Substantial proportion of wealthy Indians is likely to invest in residential property in the next two years - 40% within country and 25% overseas," it said.

This Indian city is wealthier than Washington, Moscow

<br /><ul><li>Knight Frank’s Wealth Report shows that the largest part of the super-rich portfolios' consists of <keyword id="4698949" type="PERSON" weightage="20" keywordseo="investment-in-property">investment in property</keyword>.</li><li>Equities is a close second accounting for 23% of asset value in portfolios.</li><li>Investors are also looking to foreign markets with the US attracting the most amount of cross-border private capital.</li></ul>The global economy may be slowing down but it’s not keeping the rich from getting richer. Even with the GDP growth forecast at a ten-year low, the world’s population of ultra-high-net-worth individuals (UHNWI) — people with net worth is over $30 million, also called the super-rich — increased by 6.4% in 2019.<br /><br />Data from Knight Frank’s Wealth Report shows that 31,000 additional super-rich individuals were created last year bringing the total just over half a million. And, the largest part of their portfolios consists of investment in property with equities being a close second.<br /><br />
  
  
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<br />Chasing better returns, most of these investors are eyeing looking to foreign markets. Those with experience are willing to push the envelope beyond safe-haven markets.<br /><br />“Investors with experience, particularly out of Singapore, are happy investing across asset classes in different locations. These are markets where we see demand growing the coming years,” said Neil Brookes, head of APAC capital markets at Knight Frank.<br /><br /><div type="image" title="Top-10" msid="74500534" hostid="261" caption="&amp;lt;p&amp;gt;Top 10 destinations for private capital&amp;lt;span class=&amp;quot;redactor-invisible-space&amp;quot;&amp;gt;&amp;lt;/span&amp;gt;&amp;lt;/p&amp;gt;"></div>

<br />When it comes to cities New York and London lead the pack. They are the only two cities with “Alpha+++” status according to the World Cities Research Network’s city classification.<br /><br />Beating out its cousin across the Atlantic, the business capital of the world attracts the highest amount of private investment in real estate in each city. However, Knight Frank points out that smaller and more agile cities are fighting their way to the top by attracting and retaining the best talent.<br /><br /><div type="image" title="Private--Top-10" msid="74500544" hostid="261" caption="&amp;lt;p&amp;gt;Top 10 cities for private investment&amp;lt;/p&amp;gt;"></div>

<br /><strong>See also:<br /><a href="https://www.businessinsider.in/thelife/news/diamond-studded-handbags-and-pink-floyd-guitars-heres-what-the-worlds-super-rich-are-buying-at-auctions/articleshow/74491112.cms">Diamond-studded handbags and Pink Floyd guitars — here’s what the world’s super rich are buying at auctions</a><br /></strong>

If you want to be rich, watch where the super-rich are investing

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Bryan Bedder/Getty</span></p></div><p></p></div></div></p><ul><li><strong>One out of every 20 Americans is a millionaire.</strong></li><li><strong>The US has 43% of the world's millionaires, and leads all countries in churning out the greatest number of new millionaires.</strong></li><li><strong>The number of millionaires and ultra-high-net-worth individuals has surged over the last several years.</strong></li></ul><p> </p><p>About one out of every 20 Americans is a millionaire.</p><p>No, that's not a typo.</p><p>Credit Suisse released its annual Global Wealth Report, which found that the United States had about 15,356,000 millionaires in 2017 - which adds up to nearly 5% of the total US population. The number of millionaires climbed by about 1.1 million from the previous year. (<a href="http://time.com/money/5023038/millionaire-population-united-states-world/">We first spotted this at Money</a>.)</p><p>The US also has the greatest number of millionaires in the world - accounting for about 43% of the world's total - and currently leads all countries in churning out the greatest number of new millionaires.</p><p>On top of that, the US houses the greatest number of ultra-high-net-worth individuals (UHNWI), those who have a net worth of $50 million or more.</p><p>Having a seven-figure net worth - or more - means <a href="http://www.businessinsider.com/map-what-100-is-actually-worth-in-your-state-2016-2017-8" target="_blank" rel="noopener noreferrer">different things in different parts of the United States</a>. In less expensive states like Mississippi or Alabama, $1 million goes a lot farther than in more expensive states like New York or California.</p><p>The report attributes the ninth consecutive year of rising wealth to stocks, saying that business and market conditions strengthened because of the prospect of lower taxes, deregulation, and fiscal stimulus, all of which were proposed by President Donald Trump.</p><p>The average wealth in the United States has "fully recovered," after collapsing during the <a href="http://www.businessinsider.com/financial-crisis-scariest-moments-2017-9" target="_blank" rel="noopener noreferrer">financial crisis</a>, and is now about 30% higher than its 2006 level, Credit Suisse said. We should note, however, that the bounce back in average wealth does not necessarily mean that every American has seen their finances recover to pre-financial crisis levels.</p><h2>Millionaires around the world</h2><p>Looking at the global picture, the number of millionaires in the world has jumped by 170% and the number of UHNWIs has risen five-fold since 2000.</p><p>In its analysis of the global picture, the Credit Suisse team also touched on an interesting idea, arguing that "increasing inequality can also boost the speed at which new millionaires are created."</p><p>That brings us back to the US, which not only has a large and increasing number of millionaires, but also a huge <a href="http://www.businessinsider.com/map-of-inequality-for-us-states-2016-7">inequality problem</a>. In fact, the top 0.1% of households in the US now hold about the same amount of wealth as the bottom 90%.</p><p>"To understand what's going on in 'the economy,' it is a serious mistake to look at average statistics," Ray Dalio, the founder of Bridgewater Associates, said in a <a href="https://www.linkedin.com/pulse/our-biggest-economic-social-political-issue-two-economies-ray-dalio/">LinkedIn post</a> last month. "This is because the wealth and income skews are so great that average statistics no longer reflect the conditions of the average man."</p><p> </p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Deutsche Bank</span></p></div><p></p></div></div></p>     <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/donate-money-make-happy-strategy-finance-wealth-donation-charity-2017-10">How donating money can actually make you happier</a></h3>        <div>                    </div>    </div>

The US is creating millionaires faster than anywhere in the world - but it's not as impressive as it sounds

<p><br /><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span><a href="http://www.gettyimages.co.uk/license/477433242">Getty</a></span></p></div><p></p></div></div>If we're still tentatively recovering from a financial crash, the world's wealthiest people didn't get the memo.</p><p>The 10th edition of the <a href="http://www.knightfrank.com/wealthreport">Knight Frank Wealth Report</a> was released on Wednesday, and it gave an insight into what the Ultra-High-Net-Worth Individuals (UHNWIs) are spending their money on. UHNWIs are defined by having assets of $30m or more.</p><p>Real Estate only made up a quarter of UNHWIs spendable wealth, while almost 70% of those asked felt more conscious about displaying their wealth in public.</p><p>That hasn't stopped them spending a lot more money on all kinds of things in the last ten years. But what's notable is just how much more they're spending. While the demand for luxury property has stagnated since the crash, the appetite for other commodities and collectibles has grown by a staggering amount.</p><p>Check out our list below.</p>

These are the 11 things the 'ultra-rich' are spending their money on

<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"><html><body><div title="Page 13"><p><span>In this season of giving, when not-for-profit organizations make their final push for donations, it's interesting to take a look at how the world's wealthiest individuals are choosing to donate their money. </span></p><p><span>Wealth-X's new report, "Changing Philanthropy: Trend shifts in Ultra Wealthy Giving," explores</span> the giving habits of ultra high net worth individuals (UHNWI), defined as having a net worth of $30 million or more, and identifies the characteristics of major donors who have donated at least $1 million in their lifetime. </p><p><span>Here's a look at how these two groups compare:</span></p></div><p> </p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><a href="http://www.wealthx.com/articles/2016/the-wealth-x-and-arton-capital-philanthropy-report-2016/" target="_blank" rel="nofollow"></a><p class="source"><span>Wealth-X</span></p></div><p></p></div></div></p><p><strong><a href="http://www.wealthx.com/articles/2016/the-wealth-x-and-arton-capital-philanthropy-report-2016/" target="_blank" rel="nofollow">Click here to read more from Wealth-X's report.</a></strong></p><p><em>This post is sponsored by <a href="http://wealthx.com/" target="_blank" rel="nofollow">Wealth-X</a>. </em></p></body></html><p class="tagline">Find out <a href="http://www.businessinsider.com/sponsor-posts">more about Sponsor Content</a>.</p>

These are the people that give the most to charity

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image"></div><p></p></div></div></p><p><span style="line-height: 1.5em;">Which are the hottest cities for the world's ultra-wealthy? Global real estate consultant Knight Frank broke them down for us in its </span><a href="http://www.knightfrank.com/wealthreport">2015 Wealth Report</a><span style="line-height: 1.5em;">.</span></p><p>The report ranks the top 40 cities for "Ultra High Net Worth Individuals" (or UHNWI). The ranking looks at <span style="line-height: 1.5em;">business links, economic activity, quality of life, and the number of UHNWI people who live there.</span></p><p>"In short, these are the cities where the wealthy congregate, work, invest, are educated and spend their leisure time," the report says.</p><p><a href="http://www.businessinsider.com/cities-that-matter-most-to-rich-people-2013-3">In other years</a>, New York has been number one, but this year London edged it out. Several of the top 10 cities are in Asia.</p><p>Here's the full list:</p><ol><li>London</li><li>New York</li><li>Hong Kong</li><li>Singapore</li><li>Shanghai</li><li>Miami</li><li>Paris</li><li>Dubai</li><li>Beijing</li><li>Zurich</li><li>Tokyo</li><li>Toronto</li><li>Geneva</li><li>Sydney</li><li>Taipei</li><li>Frankfurt</li><li>Moscow</li><li>Madrid</li><li>San Francisco</li><li>Vienna</li><li>Milan</li><li>Los Angeles</li><li>Jakarta</li><li>Munich</li><li>Amsterdam</li><li>Mumbai</li><li>Dublin</li><li>Johannesburg</li><li>Istanbul</li><li>Kuala Lumpur</li><li>Sa~o Paulo</li><li>Mexico City</li><li>Berlin</li><li>Washington, D.C.</li><li>Boston</li><li>Cape Town</li><li>Auckland</li><li>Buenos Aires</li><li>Rio de Janeiro</li><li>Tel Aviv</li></ol>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/green-phone-boxes-uk-london-charge-mobile-iphone-android-battery-life-2014-10">2 Economics Grads In London Are Changing The Color Of Those Iconic Red Telephone Boxes - And Some People Hate It</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="c1b2U0cTqcvGn6mNPMI90O-khXGN0JGj" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

The most important cities in the world for the super-rich

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div>Few things say "you've made it" like owning an island home. But even among those who can afford such a luxury, some islands are much more coveted than others.</p>
<p>In their latest <a href="http://www.candyandcandy.com/site/wp-content/uploads/2014/10/CANDY-GPS-Report_AW_A4_PDF_Final_Savills_low-res.pdf?389426">Candy GPS Report</a>, Savills, Candy &amp; Candy, and Deutsche Asset Management ranked the world's top islands for real estate investment by <span>ultra-high-net-worth individuals</span> (<span>UHNWI) <span>-</span></span> those with $30 million or more to their names.</p>
<p><span style="line-height: 1.5em;">The report ranks the islands by the volume of UHNWI property holdings, transportation links to mainland markets, sources of capital and occupiers, tax regime, and real estate prices.</span></p>
<p>Bermuda, with its large number of billionaire residents, proximity to the east coast of the US, and no income tax, topped the list of "A list" islands. "<span>Most homes are </span><span>understated, built in the 'Bermuda vernacular' of  </span><span>painted stone with wooden shutters," the report says. "Tucker's Town </span><span>is the area of the island where the ultra-wealthy c</span><span>ongregate, enjoying some of the island's best views </span><span>and adjacent to the island's best golf courses."</span></p>
<p><span><div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image"><a title_source="Candy GPS Report" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/544aa63e69beddd53046b149-960/candy islands.png"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>Candy GPS Report</span></p></div><p></p></div></div><br /></span></p>
<p><span>Where else to the world's super rich drop big money on island properties? </span></p>
<p><span>The map below, also from the Candy report, shows islands in various categories, including leisure islands, which are popular for second (and third) homes; relocation islands, for with individuals seeking tax breaks; city-linked islands, which are in commuting distance to metropolitan areas; and "private island hotspots," where millionaires and billionaires buy up "the ultimate trophy asset," according to the report <span>-</span> an island all of their own.</span></p>
<p><span><div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image"><a title_source="Candy GPS Report" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/544aa779ecad04c347a997a2-960/screen shot 2014-10-24 at 2.57.41 pm.png"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>Candy GPS Report</span></p></div><p></p></div></div><br /></span></p>

The 20 Favorite Island Escapes Of The Super-Rich

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Instagram/Richkidslondon</span></p></div><p></p></div></div>Every year luxury estate agent Knight Frank and Wealth-X, the research firm that concentrates on high net worth individuals, release a comprehensive report about what makes the richest people in the world <span>tick</span>.</p><p>The study is <span>"based on the views of around 400 of the world's leading private bankers and wealth advisors who, between them, manage assets for about 45,000 ultra high net worth individuals (UHNWIs) with a combined wealth of over half a trillion US dollars," the groups state.</span></p><p>So in other words, it's a pretty good gauge of what the richest people in the world are doing with their cash, where they are moving, what they worry about, and of course what they are looking to do in the future.</p><p>In the report, Knight Frank and Wealth-X presented a short, snappy league table of the most important cities for the world's high net worth individuals. Interestingly, one of Switzerland's main financial hubs - Zurich - dropped off the list this year. </p><p>Here are the top nine cities that did make it.</p>

The 9 most important cities in the world for the rich

<p>Wealth-X and Savills are out with a new report showing how the super-rich (those with $30 million or more in assets) spend money on real estate.</p>
<p>There are a ton of interesting takeaways from the report, <a href="http://www.wealthx.com/articles/2014/world%E2%80%99s-ultra-wealthy-hold-a-fifth-of-their-wealth-in-real-estate-assets/">which is available here</a>. The map below, which shows the flow of wealth around the world, is particularly telling. It shows where these ultra-high-net-worth individuals (UHNWIs) are most likely to purchase luxury real estate.</p>
<p>According to the report, "[the map]<span style="line-height: 1.5em;"> highlights not only </span><span style="line-height: 1.5em;">where they like to live but </span><span style="line-height: 1.5em;">also the geographies and </span><span style="line-height: 1.5em;">jurisdictions that they might </span><span style="line-height: 1.5em;">favour for other types of real </span><span style="line-height: 1.5em;">estate holdings - and other </span><span style="line-height: 1.5em;">investments - as well. </span><span style="line-height: 1.5em;">Most notably, when it </span><span style="line-height: 1.5em;">comes to residencies, </span><span style="line-height: 1.5em;">UHNWIs may invest crossborder </span><span style="line-height: 1.5em;">but they will tend to </span><span style="line-height: 1.5em;">stick to destinations within </span><span style="line-height: 1.5em;">their global region, to areas </span><span style="line-height: 1.5em;">they call 'home'."</span></p>
<p>Some notable trends:</p>
<ul>
<li>
<p><span style="line-height: 1.5em;">North Americans are most likely to purchase luxury real estate within the U.S..</span></p>
</li>
<li>
<p><span style="line-height: 1.5em;">Latin Americans also like the U.S., but will also buy in the Caribbean.</span></p>
</li>
<li>
<p><span style="line-height: 1.5em;">Europeans are the most diverse buyers: "</span><span style="line-height: 1.5em;">The more established </span><span style="line-height: 1.5em;">wealth of Europe seems best </span><span style="line-height: 1.5em;">versed in the notion of global </span><span style="line-height: 1.5em;">home-ownership. Not only is </span><span style="line-height: 1.5em;">Europe itself full of billionaire </span><span style="line-height: 1.5em;">boltholes but Europeans </span><span style="line-height: 1.5em;">themselves venture to many </span><span style="line-height: 1.5em;">luxury island resorts in the </span><span style="line-height: 1.5em;">Caribbean and the Far East </span><span style="line-height: 1.5em;">as well as into parts of the </span><span style="line-height: 1.5em;">US and Canada," the report says.</span></p>
</li>
<li>
<p><span style="line-height: 1.5em; color: #222222;">London dominates when it comes to luxury real estate purchases by the super rich from all over the globe.</span></p>
</li>
</ul>
<p><span style="color: #222222;"><span style="line-height: 22.5px;"><div class="KonaFilter image-container"><div class="image"><p class="source"><span>Savills and Wealth-X</span></p></div><p></p></div><br /></span></span></p>
<p><span style="line-height: 1.5em;"> <div class="KonaFilter image-container display-table"><div><div class="image"><p class="source"><span>Savills/Wealth-X</span></p></div><p></p></div></div></span></p>
<p> </p>
<p>The following map is also revealing, It shows the total wealth of UHNWIs around the world, and what percent of that wealth is in real estate. The super rich in the Europe and the Middle East have a relatively high proportion of their holdings in real estate, while people in the U.S. prefer other forms of investment.</p>
<p><div class="KonaFilter image-container display-table"><div><div class="image"><p class="source"><span>Savills/Wealth-X</span></p></div><p></p></div></div></p>
<p class="p1">There were nearly 200,000 people worth $30 million or more globally in 2013, with a combined wealth of $27.8 trillion. Wealth-X predicts that figure will exceed $40 trillion by 2020.</p>
<p class="p1"> </p>

Where The World's Super-Rich Spend Their Millions On Real Estate [MAP]

<p><div class="KonaFilter image-container display-table"><div><div class="image"><p class="source"><span><a href="http://www.flickr.com/photos/kevinpoh/5723949892/">Flickr/kevinpoh</a></span></p></div><p></p></div></div>London is the most important city in the world for the rich, <a href="http://www.thewealthreport.net/#sthash.6Rqvw3LH.dpbs">according to the latest Wealth Report</a> from <span>real estate consulting firm</span> Knight Frank. But it won't hold onto its title for long.</p>
<p>According to the report, New York is set to overtake London as the top city for the wealthy in the next decade. And Asian cities like <span style="line-height: 1.5em;">Singapore, Hong Kong, and Shanghai will also become more important over the next 10 years.</span></p>
<p><span style="line-height: 1.5em;">Knight Frank determined its eighth-annual "global cities" ranking based on four factors: economic activity, political power, quality of life, and influence and power. It also took into account each city's population of ultra-high-net-worth individuals (those with $30 million or more in net assets, excluding their primary residence), and responses from an attitude survey of wealth advisors around the world.</span></p>
<p><span style="line-height: 1.5em;">"Our results suggest that by 2024 New York should surpass London as its share of the world's UHNWIs rises and the city becomes increasingly important to Chinese, Russian and even European UHNWIs," the Knight Frank report concludes.</span></p>
<p><span style="line-height: 1.5em;">The chart below shows which cities were most important last year and this year, and the forecasted ranking for 2024.</span></p>
<p><span style="line-height: 1.5em;"><div class="KonaFilter image-container display-table"><div><div class="image"><p class="source"><span>Knight Frank</span></p></div><p></p></div></div><br /></span></p>
<p><span style="line-height: 1.5em;">The report also notes an impending "power struggle" among Asia's top cities. "</span><span style="line-height: 1.5em;">One of the key differences, however, between Asia and Europe and North America is Asia's lack of a single dominant city," the report says. "This is why we are now seeing the power struggle ... with Singapore, Hong Kong, Shanghai and even Beijing all contenders for the title of future leading Asian city."</span></p>
<p class="p1"><span style="line-height: 1.5em;">Hong Kong will eventually overtake Singapore because "</span><span style="line-height: 1.5em;">the dominance of China is unavoidable and Hong Kong's unofficial role as the portal between its big brother and the rest of the world will ensure the growing dominance of the city over the next decade," Knight Frank concludes.</span></p>
<p class="p1"><span style="line-height: 1.5em;">Knight Frank also identified the five most important cities in each region of the globe, as well as five future "hotspots." Sao Paulo leads the "hotspot" ranking, as its population of ultra-wealthy individuals is set to rise in the next decade.</span><div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image"><a title_source="Knight Frank" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/53569589eab8ea4a079bb13c-960/screen shot 2014-04-22 at 12.00.59 pm.png"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>Knight Frank</span></p></div><p></p></div></div></p>

The Most Important Cities In The World

India’s metropolitan city <keyword id="2760395" type="UNKNOWN" weightage="20" keywordseo="Mumbai-harbours">Mumbai harbours</keyword> many known celebrities as well as common people, who live cheek-by-jowl in soaring skyscrapers, chawls and even in slum areas. As per Knight Frank's Wealth Report 2015, which was released on Monday, 30 out of India's 68 billionaires live in Mumbai. And this is how, the city makes its way to the list of 20 global cities, an Economic Times report stated. <br /><br />

	The financial daily further added that the survey covered 97 countries across the globe.
<br /><br /> <keyword id="72226" type="COMPANY" weightage="80" keywordseo="New-York-City">New York City</keyword> bagged the first position on the billionaire population list. The second spot is secured by <keyword id="6356806" type="COMPANY" weightage="80" keywordseo="Moscow">Moscow</keyword> (91), and this is followed by Hong Kong (53), <keyword id="6354968" type="COMPANY" weightage="60" keywordseo="London">London</keyword> (49) and Beijing (37). <br /><br /> India is spotted at the seventh position in the list with 68 billionaires. And with 515 billionaires, the <keyword id="6356955" type="COUNTRY" weightage="80" keywordseo="united-states">United States</keyword> leads the list. By 2024, the billionaire population in Mumbai will zoom to 110%, the ET report said. <br /><br />

	The survey also revealed that 830 people from all corners of the world joined the ranks of the billionaire club in the last 10 years.
<br /><br /> “Wealth creation in India is expected to accelerate with the number of Ultra High Net Worth Individuals (UHNWIs) expected to double over the next decade. This reflects a more positive outlook for India's <keyword id="34412" type="ORGANIZATION" weightage="80" keywordseo="economy">economy</keyword> after 2014 was marked by capital outflows and a sharp devaluation of the rupee,'' Shishir Baijal, chairman &amp; MD, Knight Frank India, told The Economic Times. (Image: Travel.india.com)

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