{"id":2328,"date":"2019-03-07T11:18:29","date_gmt":"2019-03-07T11:18:29","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=2328"},"modified":"2021-06-04T14:18:37","modified_gmt":"2021-06-04T07:18:37","slug":"these-cities-are-home-to-the-most-ultra-rich-people-in-asia","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/these-cities-are-home-to-the-most-ultra-rich-people-in-asia\/","title":{"rendered":"These cities are home to the most ultra-rich people in Asia"},"content":{"rendered":"<figure id=\"attachment_2331\" aria-describedby=\"caption-attachment-2331\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-2331\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/03\/shutterstock_1013716039-compressor.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/03\/shutterstock_1013716039-compressor.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/03\/shutterstock_1013716039-compressor-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/03\/shutterstock_1013716039-compressor-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-2331\" class=\"wp-caption-text\">Cherry blossoms in full bloom by the Sumida river in Tokyo, Japan. Phattana\/Shutterstock<\/figcaption><\/figure>\n<p>Tokyo, Singapore and Hong Kong had the largest population of ultra-high-net-worth (UHNWI) individuals in Asia in 2018, the latest Wealth Report by Knight Frank showed.<\/p>\n<p>Around 3,732 ultra-wealthy individuals called the Japanese capital home last year, the consultancy noted. Singapore was home to 3,598 UHNWIs, while 3,010 resided in Hong Kong.<\/p>\n<p>Beijing was home to 1,673 UHNWIs while Shanghai harboured 1,263. Seoul had 1,594 ultra-affluent individuals.<\/p>\n<p>Knight Frank defines UHNWI as those with a net worth of over USD30 million, excluding their primary residence, and high-net-worth individuals (HNWI) as those with a net worth of over USD1 million, also excluding their primary home.<\/p>\n<p>Tokyo had the highest HNWI populace in the world with 488,582.<\/p>\n<p>\u201cGrowth in Asia is noticeable, with Asian\u00a0cities holding six of the top ten spots in the wealth\u00a0category,\u201d Flora Harley, senior analyst for Knight Frank Research, wrote.<\/p>\n<p>London had\u00a0an ultra-wealthy populace of 4,944 though, the most of any city. While New York City had\u00a0just 3,378 UHNWIs, it had the highest concentration of billionaires with 94.<\/p>\n<p>The number of UHNWIs worldwide is likely to rise by 22 percent over the next five years, according to the consultancy. \u201cSome 42,711 people, roughly equal to the number of runners in the London marathon, will see their wealth rise to USD30 million or more between 2019 and the end of 2023,\u201d said Gr\u00e1inne Gilmore, head of UK residential research for Knight Frank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Knight Frank\u2019s Wealth Report 2019 tracks distribution of UHNWIs across the world<\/p>\n","protected":false},"author":2,"featured_media":19972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-asia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>These cities are home to the most ultra-rich people in Asia | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/these-cities-are-home-to-the-most-ultra-rich-people-in-asia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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