Here are the key findings from the provided text:
- The number of centi-millionaires (individuals with investable assets of USD 100 million or more) has increased by 12% compared to the previous year.
- The USA has the largest concentration of centi-millionaires, with 38% of the global centi-millionaire population.
- Emerging markets like China and India also have significant centi-millionaire populations.
- New York City is the top city with the highest number of centi-millionaires, with 775 residents in this category.
- The threshold for being considered “super-wealthy” has shifted to USD 100 million, up from USD 30 million in the late 1990s.
- Centi-millionaire wealth is a more accurate reflection of the super-wealthy community in many emerging market countries where there are few billionaires.
- The UK, specifically London, has seen a slight decrease in its centi-millionaire population over the past year.
- Asian cities, including Beijing, Shanghai, Singapore, and Hong Kong, feature prominently in the top 10 centi-millionaire cities.
- The report projects significant growth in the centi-millionaire population in cities such as Hangzhou, Shenzhen, Riyadh, Delhi, and Austin.
- Investment migration programs are attracting centi-millionaires, and these individuals are increasingly seeking global citizenship.
- The emergence of crypto wealth is becoming a significant source of wealth for some centi-millionaires.
- Countries with investment migration programs are benefiting from increased investment and economic growth.
These key findings provide insights into the distribution, growth, and sources of wealth among centi-millionaires, as well as the role of investment migration and global citizenship in their financial strategies.
The 2023 Centi-Millionaire Report by Henley & Partners, released on October 10, 2023, highlights the emergence of a new class of super-rich individuals globally.
There are currently 28,420 centi-millionaires worldwide, marking a 12% increase from the previous year. These centi-millionaires are defined as individuals with investable assets of USD 100 million or more.
This elite group is concentrated in various countries, with the USA leading the way with 38% of the centi-millionaire population. However, other large emerging markets like China and India also have substantial centi-millionaire populations. Notably, one-third of the world’s centi-millionaires reside in 50 key cities around the globe, with New York City having the highest number at 775.
The report indicates that the threshold for being considered “super-wealthy” has shifted, with USD 100 million now seen as the benchmark, in contrast to the late 1990s when USD 30 million was considered sufficient. The report also emphasizes the relevance of the centi-millionaire wealth band in emerging market countries where there are few billionaires but a significant number of centi-millionaires.
The USA has 12 cities in the Top 50 centi-millionaire cities, representing 11.7% of the global centi-millionaire population. In contrast, the UK has only one city, London, which comes in fourth place with 388 centi-millionaires, constituting 1.4% of the world’s centi-millionaire population.
Asian cities make a strong showing in the Top 10 centi-millionaire cities, with Beijing, Shanghai, Singapore, and Hong Kong securing positions in the rankings. The report also forecasts significant growth in the centi-millionaire population in the coming decade, with Asia and the Middle East expected to feature prominently.
The report highlights the sources of wealth for centi-millionaires, including inheritance, the sale of small- to medium-sized enterprises, stock market trading, and leadership in successful tech companies. Notably, the emergence of crypto wealth is also becoming significant, with 182 crypto centi-millionaires having holdings of USD 100 million or more.
The report projects impressive growth in centi-millionaire populations in cities like Hangzhou and Shenzhen in China, Riyadh in Saudi Arabia, Delhi in India, and Austin in the USA. Countries with investment migration programs are attracting centi-millionaires, and these individuals are increasingly seeking global citizenship for various benefits.
Henley & Partners, a global leader in residence and citizenship by investment, has played a pivotal role in creating and promoting these programs. Their experts work globally to facilitate these investments, raising over USD 12 billion in foreign direct investment. These programs are not only beneficial for centi-millionaires but also contribute significantly to the economic growth and development of the countries implementing them.
In recent years, Spain has witnessed a surge in luxury hotels, making it a notable destination for such accommodations.
Stefan Katafai offers a personalized approach to help you find the perfect property in Marbella that aligns with your budget and preferences. With his extensive network and market knowledge, Stefan will conduct a tailored search to identify suitable options for you, whether you’re interested in a luxurious villa, a beachfront apartment, or a charming townhouse.
Navigating the complex real estate market in Marbella can be daunting, but with Stefan’s guidance, you can proceed with confidence. He will provide comprehensive information about potential properties, including their location, amenities, market value, and investment potential. Stefan’s expertise in negotiations and deal structuring ensures that you make well-informed decisions and secure the best possible deal.
In addition to property search and acquisition, Stefan can assist you with other aspects of the purchase process. Whether it’s property reform, legal matters, or connecting with trusted professionals like lawyers, architects, and contractors, he has a wide network of contacts to streamline the experience for you.
If you’re considering a real estate investment in Marbella, reach out to Stefan Katafai today to discuss your requirements and benefit from his expertise. With his personalized approach and commitment to client satisfaction, Stefan will guide you towards a profitable and successful investment in the beautiful region of Marbella.
Contact information:
Stefan Katafai
Phone: +34 637 973742
Email: [email protected]
Website: Agent4stars.com
