Five of the 10 wealthiest cities in the world are in the U.S. -- and if you see this, there's a good chance you live in one of them.
Additionally, these cities have become prime retirement destinations, Andrew Amoils, head of research at wealth intelligence firm New World Wealth, who collaborated on the report with Henley & Partners, told CNBC.
The report links this to booming oil and gas industries, which have flourished as energy prices have soared and boosted stock markets in these areas.The high-net-worth population is not exploding everywhere – many major cities fell in the ranking or saw a significant reduction of ultra-wealthy people living there.
New York, for example, has already seen a 12% drop in high-net-worth individuals in 2022, while Los Angeles saw a 6% decline and Chicago's proportion of ultra-wealthy citizens fell by 4%. "Worldwide high-net-worth individual numbers were down by 5% in the six-month period to June 2022. This drop was mainly due to the poor performance of major stock market indices," he said.
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