When it comes to a city or a country, where the majority of the billionaires live, usually the names of the countries like America, Britain or France come into the mind. But in reality it is not so. Every third person has wealth worth 65 crores, every 56th person has 200 crores worth of wealth. Interestingly, even after having so much money, yet there is no income tax.
We are talking about, Monaco situated in western Europe. Monaco is Italy’s neighbor and it is an independent city. The number of richest people in proportion to population lives in Monaco. Today we will tell you that in addition to Monaco, there are 10 such cities where the majority of the millionaires in terms of the population live. This report is given by Wealth X on the basis of survey.
Living in this city is considered very safe for billionaires in comparison to other areas of the world. The banking system of the country is quite strong. There are a total of 39,000 people in Monaco, out of which 686 people are of ultra high net worth.
2) Geneva, Switzerland
After Monaco, the second number is of Geneva, Switzerland. Here 1 in every 221 people has a wealth of 200 crores.
Singapore comes on the third, where 1 out of every 707 people has a wealth of 200 crores.
4) San Jose, USA
USA’s San Jose come on fourth where one in every 716 people has a wealth of 200 crores.
5) San Francisco, USA
San Francisco is at number five where 1 in 737 people possess a wealth of 200 crores.
6) Zurich, Switzerland
Sixth is Zurich, where one in 1 out of every 783 people has a wealth of 200 crores.
7) Hong Kong
Hong Kong is number seven, where one in 918 people have a wealth of 200 crores.
8) London, UK
London is number eight, where 1 in 1388 people have a wealth of 200 crores.
9) New York, USA
9th is New York, where 1 in 1392 people have a wealth of 200 crores.
10) Los Angeles, USA
Los Angeles is number 10, where 1 out of every 1622 person has a wealth of 200 crores.