A lot is taken into consideration when someone is deciding where to put down roots: schools, business opportunities, neighborhood safety, and so much more. And the same goes for the wealthy, whether they're choosing the locale of their primary home or a vacation spot.
In order to determine where the world's richest people are flocking to, research firm Wealth-X collected data on the residential addresses of individuals with a net worth of $30 million or more.
As for the number one spot, New York City has the greatest population of ultra high net worth (UHNW) property owners in the world.
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Here is a list of the 11 cities where the most affluent people in the world own a home:
11. Houston
Total UHNW population: 2,884
UHNW residents: 2,290
UHNW second homeowners: 594
10. Miami
Total UHNW population: 2,927
UHNW residents: 1,440
UHNW second homeowners: 1,487
9. Dallas
Total UHNW population: 2,968
UHNW residents: 2,330
UHNW second homeowners: 638
8. Chicago
Total UHNW population: 3,896
UHNW residents: 3,100
UHNW second homeowners: 796
7. Paris
Total UHNW population: 4,663
UHNW residents: 3,430
UHNW second homeowners: 1,233
6. San Francisco
Total UHNW population: 6,391
UHNW residents: 2,350
UHNW second homeowners: 4,041
5. Singapore
Total UHNW population: 7,953
UHNW residents: 2,180
UHNW second homeowners: 5,773
4. Hong Kong
Total UHNW population: 8,009
UHNW residents: 7,650
UHNW second homeowners: 359
3. Los Angeles
Total UHNW population: 8,272
UHNW residents: 4,590
UHNW second homeowners: 3,682
2. London
Total UHNW population: 9,301
UHNW residents: 3,134
UHNW second homeowners: 6,167
1. New York City
Total UHNW population: 14,574
UHNW residents: 8,340
UHNW second homeowners: 6,234
