New York is the favorite megalopolis of the world’s wealthy, as measured by where they want to put their divisions and their money, according to a new report.
The Knight Frank City Mine Index, created by the London-based real estate firm Knight Upfront, ranked the world’s top cities by their appeal to the rich. New York ranked at the outset, followed by London and San Francisco.
The ranking is based on four main aspects: wealth, investment, lifestyle and future.
With wealth, it measures the au fait and future populations of affluent residents, focusing mainly on the growth amount. The report said New York “dominates” other cities around the superb, with over 1.1 million households earning more than $250,000 a year (which, some may dispute, is certainly not “rich” in New York).
On investment, the report measures where the stinking rich are putting their money into real estate and other assets, and New York had the “largest annual commonplace private investment in property.”
In the “future” category, the report said New York had the highest prepared GDP growth of any city by the year 2022.
The “lifestyle” category measured the number and prominence of hotels and restaurants as well as average visitor spending in a given municipality. While London has more five-star hotels, and visitors to Melbourne dissipate more per person, New York ranked first overall.
“New York arcs the board, coming out on top in every ranking,” the report said.
London ranked shift, while San Francisco ranked third.
North America dominates the tabulate overall, with 10 of the top 20 cities.
Madrid and Melbourne titled at the bottom of the 20 cities measured.
Here is the full list, sort by category.