Sunday, December 9, 2012

Where the rich people live

"New data from WealthInsight shows that Beijing and Shanghai each have more multi-millionaires now than Los Angeles. The study measures the segment of the population worth $30 million or more, known in wealth-industry parlance as "ultra-high-net-worth individuals."
Beijing has 1,318 people in that group. Shanghai has 2,028. Both are higher than Los Angeles, which has 950 people worth $30 million or more.
New York still towers over the others when it comes to the ultra-highs, with 2,929 people worth $30 million or more. But the BRICS are catching up. Sao Paulo, Brazil, has 1,310 ultra-highs – more than San Francisco, Washington and Miami combined. Moscow is now on par with Chicago when it comes to ultra-highs, while Mumbai has more than Dallas.
The number of ultra-highs in secondary BRIC cities like Puna, Fuzhou and Chongqing could nearly double over the next four years."
--http://www.cnbc.com/id/100289964

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