Hong Kong still among the world’s top wealth hubs, according to Knight Frank report
Hong Kong ranks as the world's 10th largest wealth hub, with approximately one in every 176 residents possessing a net worth exceeding US$10 million. This translates to an estimated 42,715 high-net-worth individuals (HNWIs) in the city, representing about 0.6% of Hong Kong's total population of 7.53 million.
Globally, Hong Kong accounts for roughly 2% of the world's 2.34 million HNWIs. The United States leads with the highest number of HNWIs, followed by mainland China and Japan. In terms of wealth held by billionaires, Hong Kong ranks seventh worldwide with US$330 billion, highlighting the city's significant economic influence and its role as a key financial center in Asia, according to Knight Frank's Wealth Report.
via SCMP Full Text Feed
Hong Kong ranks as the world's 10th largest wealth hub, with approximately one in every 176 residents possessing a net worth exceeding US$10 million. This translates to an estimated 42,715 high-net-worth individuals (HNWIs) in the city, representing about 0.6% of Hong Kong's total population of 7.53 million.
Globally, Hong Kong accounts for roughly 2% of the world's 2.34 million HNWIs. The United States leads with the highest number of HNWIs, followed by mainland China and Japan. In terms of wealth held by billionaires, Hong Kong ranks seventh worldwide with US$330 billion, highlighting the city's significant economic influence and its role as a key financial center in Asia, according to Knight Frank's Wealth Report.
via SCMP Full Text Feed
