The Centi Millionaire Report 2024 is produced by Henley & Partners, a global leader in residence and citizenship by investment, and is the only independent, currently known report that systematically tracks global wealth mobility trends. Published in partnership with New World Wealth, a global asset intelligence company and a affiliated asset research company. between country and city.
New World Wealth tracks the movements of more than 150,000 HNWIs in its in-house database, with a particular focus on HNWIs with over $30 million in assets held in publicly traded companies. The primary focus of this database is on company founders (more than 50% of the database) and high-value company individuals in positions such as chairman, CEO, president, director, and managing partner.
The company uses a variety of public sources to locate cities, including LinkedIn and other business portals. Therefore, the statistics are primarily based on the individual’s work location. That data also takes into account key real estate statistics. Specifically, it takes into account the number of high-priced homes in each area.
Note: Please note that New World Wealth never publishes the names of individuals in our database and the database is used purely for internal statistical research.
city definition
We consider normal city boundaries for all cities listed in this report, except for the cities listed below.
The Bay Area includes the city of San Francisco and the region known as Silicon Valley. Prominent billionaire hotspots in Silicon Valley include Atherton, Los Altos Hills, Hillsboro, Mountain View, and Palo Alto. Los Angeles includes the City of Los Angeles, as well as Beverly Hills, Laguna Beach, Newport Beach, and Malibu. In Paris, the area surrounding the Ile de France area. Seattle includes the city of Seattle, Bellevue, Kirkland, Redmond, and Mercer Island. Miami includes Miami (the city) and Miami Beach (the island). Nice to Eze includes the city of Nice. Las Vegas includes Las Vegas and nearby Henderson. Athens includes the city of Athens and surrounding beachfront areas such as Glyfada. Zurich refers to the canton of Zurich. Geneva refers to the canton of Geneva. Zug refers to the canton of Zug.
Defining notes and assets
For the purposes of this report, “asset” refers to an individual’s liquid investable assets. This only includes holdings in publicly traded companies, cash holdings, and debt-free residential real estate holdings. The term “centimillionaire” refers to an individual with liquid investable assets of US$100 million or more.
Relationship between wealth and GDP
We believe that assets are a much better measure of an economy’s fiscal health than GDP. Reasons for this include:
In many countries, a large portion of GDP flows to the government, with little or no impact on private wealth creation. GDP counts items multiple times. For example, if a person pays US$100 for one product or service and pays another person the same US$100 for another product or service, the It adds 200 USD to the country’s GDP. Although GDP largely ignores the influence of real estate and stock market movements, it is clear that these two factors have a significant impact on wealth creation. GDP is a relatively static metric and tends to fluctuate only slightly year over year. There is also a time lag.
Asset amounts, on the other hand, do not have these limits and are therefore a more accurate measure of an economy’s true fiscal health than GDP numbers.
About the wealth of the new world
Founded in 2013, New World Wealth has been tracking the movements and spending habits of the world’s wealthy for more than a decade. The firm has published major publications such as Knight Frank Wealth Report, AfraAsia Bank’s Global Wealth Migration Review, Henley & Partners’ Africa Wealth Report, BRICS Wealth Report, and Crypto Wealth Report. has an impressive track record of providing robust and reliable asset data and insights. , USA Wealth Report, World’s Wealthiest Cities Report, Henley Wealth and Sustainability Report, Henley Private Wealth Migration Dashboard.
New World Wealth’s reports and findings are referenced by the Australian and UK governments as well as global news organizations including the BBC, Bloomberg, CNN, Forbes, New York Times, Robb Report and the Daily Telegraph.
Disclaimer
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This report is distributed for general informational and educational purposes only and is not intended to constitute legal, tax, accounting, or investment advice. It should not be the basis for any decision. The information contained in this report is not and should not be considered an offer to sell, a solicitation of an offer to buy, or an offer to buy any securities. Not. To buy or sell investment products or services. Henley & Partners is not responsible for the content of websites and information resources that may be referenced in this report. The information contained in this report is believed to be accurate as of the date of publication, but is subject to change without notice. Henley & Partners has no obligation to provide amendments if circumstances change. Henley & Partners and its affiliates, employees and agents shall not be liable for any liability whatsoever, including without limitation direct, indirect, special, incidental or consequential damages, arising out of or in connection with use or reliance on the or for any loss. About the information contained in this report. The information in this report is provided “as is” and Henry & Partners makes no warranty, express or implied, as to the completeness, accuracy, reliability, suitability or availability of the information contained in this report. makes no representations or warranties of any kind. Any purpose.
Centi Millionaire Report 2024 was published on September 17, 2024.
