“Overall, this year’s survey
revealed investors’ preference for developed markets, which accounted for 17 of the 25 markets on the index. However, emerging markets continue to build their presence on the list, with the United Arab Emirates and Saudi Arabia in particular experiencing meteoric rises from 18th to 8th and 24th to 14th, respectively,” said Kearney.
WORLD CITIES’ APPEAL When it comes to cities attracting HNW individuals, the US continues to lead the field with 11 cities in the top 50, according to the ‘2024 World’s Wealthiest Cities Report’, published by Henley in collaboration with global data intelligence firm, New World Wealth. New York sits atop the global rankings with total wealth held by the Big Apple’s residents now exceeding $3 trillion, comprising “a staggering 349,500 millionaires, 744 centi- millionaires (with investable wealth of over US$100 million), and 60 billionaires,” according to the report. California’s Bay Area, consisting
of San Francisco and Silicon Valley, is second on the list followed by Tokyo, which was top of the table a decade ago, but has since seen a 5% decline in HNW residents. Singapore occupies fourth place in the rankings, followed by London. Juerg Steffen, CEO of Henley &
Partners, says a key factor driving growth in the world’s wealthiest cities has been the strong performance of financial markets in recent years. “Additionally, rapid advancements in artificial intelligence, robotics and blockchain technology have provided new opportunities for wealth creation and accumulation. Yet, even as new opportunities emerge, old risks persist. The war in Ukraine, which has seen Moscow’s millionaire population plummet by 24% to 30,300, is a stark reminder of the fragility of wealth in an uncertain and unstable world.” Despite these reservations,
the opportunities accompanying advances in the tech sector have given rise to a new generation of expat – the so-called ‘TechPats’. In a survey, expatriate insurance company William Russell looked at more that 40 countries to reveal the ones with the fastest internet speeds, with Singapore leading the pack on fixed broadband speeds, followed by Hong Kong, Chile, the UAE and US. The report added: “The best future TechPats
country for in
terms of mobile internet speed is the United Arab Emirates. The country with the most job opportunities for future TechPats is Singapore. On LinkedIn, there are currently 3,755 advertisements for software engineer jobs. This equates to 622 jobs per capita.” All of which indicates that the
choices for HNWs are increasing across the world, with growing numbers now eschewing traditional centres in the West and Australasia amid geopolitical changes. Instead, eyes are turning to the fast-emerging economies, particularly in Asia. The pandemic, it seems, has facilitated time for a pause for thought – or, at least, a pause for second thoughts – among the world’s wealthier, would-be migrants.
59
“ THE BEST COUNTRY FOR FUTURE TECHPATS IN TERMS OF MOBILE INTERNET SPEED IS THE UNITED ARAB EMIRATES. THE COUNTRY WITH THE MOST JOB OPPORTUNITIES FOR FUTURE TECHPATS IS SINGAPORE.”
WILLIAM RUSSELL SURVEY REPORT
GLOBAL MOBILITY
MIGRATION
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106
