In addition, this year we wanted to assess the power of our cities in terms of the number of top global firms headquartered there. However, for diversity of investors - measured by the number of nationalities investing - London leads. For volumes alone, Beijing comes out top with over US$42 billion. Each year we assess the level and diversity of private investment in real estate in each city. Overall, New York leads this ranking followed by London. Los Angeles sits in third place for both categories. Tokyo is home to the most HNWIs, followed by New York. New York has the highest number of UHNWIs, followed by Paris. Wealth looks at the number of both HNWIs and UHNWIs in each city, using our new Wealth Sizing Model for the first time. From Russia, Moscow is a new entry while Sydney ensures an Australian presence. In the top 20, North America dominates with eight cities, followed by Asia and Europe both with five. Paris, Hong Kong and Los Angeles round out the top five cities. Our latest results show New York recapturing the top spot from its old rival, pushing London back into second place based on metrics across our three main categories - wealth, investment and lifestyle. Each year, New York and London battle it out for top spot - unsurprising as, according to the Globalization and World Cities Research Network's city classification, they are the only two cities with "Alpha++" status. Where's best: The Knight Frank Global Cities Indexįor the 2020 edition of The Wealth Report, we have looked at 100 cities across the globe, assessing them against a number of different metrics that demonstrate each city's global appeal as a place to invest, live and spend time.
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