Lisbon millionaire hotspot

• 20 September, 22

The cities of New York, Tokyo and San Francisco are the places where most of the world’s millionaires live, according to a report from real estate consultant Henley & Partners. Lisbon is the third European city with the highest growth in the number of resident millionaires in 2022.

Following the opposite trend comes Lisbon, representing the third European city with the highest growth in the number of resident millionaires, and this figure grew 7% to 22,100, a number still far from the 88,600 registered in Paris. In the top European cities with the highest growth, Lisbon is behind Lugano, Switzerland, with a growth of 8%. In first place are Cannes and Mougins, in France, with an increase of 8%.

Globally, the cities with the highest growth in the number of resident millionaires were Riyadh in Saudi Arabia (20%), Sharjah in the United Arab Emirates (20%) and Lusaka in Zambia (18%).

Abu Dhabi and Dubai are also rapidly accumulating new resident millionaires as the UAE becomes more attractive, with low taxes and new residency schemes and supported in part by record Russian emigration, according to Bloomberg.

Beijing and Shanghai, in China, occupy the ninth and tenth place in the ranking, respectively, and have also recorded losses in the resident millionaire population. Henley & Partners predicts that China will be the country with the second biggest wealth flight in 2022, after Russia.

Cre: Portugalnews