Datastream
Ranked: The Top 10 Global Cities, by Ultra-Wealthy Population
The Briefing
- An Ultra-High Net Worth (UHNW) individual is anyone with more than $30 million in net worth
- In 2019, there were 290,720 UHNW people worldwide. Their combined wealth exceeded $35 trillion
- That’s approximately $10 trillion more than America’s current GDP, controlled by a population that’s roughly the size of Pittsburgh
Where in the World Do the Ultra-Wealthy Live?
A significant portion of the world’s wealth is in the hands (or bank accounts, rather) of a small group of ultra-wealthy individuals.
And just like their wealth, these UHNW people are concentrated in a small, select number of cities across the globe.
But where, exactly, can you find these ultra-wealthy people? Using data from Wealth-X, here’s a look at the top 10 cities with the highest UHNW populations:
| Rank | City | UNHW Population (2019) |
|---|---|---|
| 1 | New York | 10,435 |
| 2 | Hong Kong | 9,950 |
| 3 | Tokyo | 7,800 |
| 4 | Los Angeles | 6,150 |
| 5 | Paris | 4,670 |
| 6 | London | 4,535 |
| 7 | Chicago | 3,890 |
| 8 | San Francisco | 3,410 |
| 9 | Washington, DC | 3,230 |
| 10 | Dallas | 3,165 |
It’s worth noting that six of the top 10 UHNW cities are in America. This may not be surprising, considering the U.S. is the world’s largest wealth market—it holds over 29% of the world’s wealth.
Where are the German and Chinese Cities?
Something else worth noting is the absence of German and Chinese cities, which is surprising given they both made the top 5 UHNW populations when it came to country rankings:
| Rank | Country | UHNW Population (2019) |
|---|---|---|
| 1 | 🇺🇸 United States | 93,790 |
| 2 | 🇨🇳 China | 27,755 |
| 3 | 🇯🇵 Japan | 19,820 |
| 4 | 🇩🇪 Germany | 15,960 |
| 5 | 🇨🇦 Canada | 11,285 |
Why didn’t Germany or China make the cut? While these countries have strong economies overall, private wealth is more evenly dispersed across their urban centers compared to other countries.
On a final note, it’s important to mention that this data is from 2019, before the global pandemic. And since the UHNW populations haven’t been immune to the economic impact of COVID-19, it’ll be interesting to see which cities make the rankings next year, based on 2020 figures.
» Interested in global wealth and its distribution worldwide? Take a deep dive into global wealth with this article: Mapped: The World’s Ultra-Rich, by Country
Where does this data come from?
Source: Wealth-X World Ultra Wealth Report 2020
Note: Though this data is from the report released in October 2020, it is a snapshot of the global UHNWI population in 2019.
Datastream
Can You Calculate Your Daily Carbon Footprint?
Discover how the average person’s carbon footprint impacts the environment and learn how carbon credits can offset your carbon footprint.
The Briefing
- A person’s carbon footprint is substantial, with activities such as food consumption creating as much as 4,500 g of CO₂ emissions daily.
- By purchasing carbon credits from Carbon Streaming Corporation, you can offset your own emissions and fund positive climate action.
Your Everyday Carbon Footprint
While many large businesses and countries have committed to net-zero goals, it is essential to acknowledge that your everyday activities also contribute to global emissions.
In this graphic, sponsored by Carbon Streaming Corporation, we will explore how the choices we make and the products we use have a profound impact on our carbon footprint.
Carbon Emissions by Activity
Here are some of the daily activities and products of the average person and their carbon footprint, according to Clever Carbon.
| Household Activities & Products | CO2 Emissions (g) |
|---|---|
| 💡 Standard Light Bulb (100 watts, four hours) | 172 g |
| 📱 Mobile Phone Use (195 minutes per day)* | 189 g |
| 👕 Washing Machine (0.63 kWh) | 275 g |
| 🔥 Electric Oven (1.56 kWh) | 675 g |
| ♨️ Tumble Dryer (2.5 kWh) | 1,000 g |
| 🧻 Toilet Roll (2 ply) | 1,300 g |
| 🚿 Hot Shower (10 mins) | 2,000 g |
| 🚙 Daily Commute (one hour, by car) | 3,360 g |
| 🍽️ Average Daily Food Consumption (three meals of 600 calories) | 4,500 g |
| *Phone use based on yearly use of 69kg per the source, Reboxed | |
Your choice of transportation plays a crucial role in determining your carbon footprint. For instance, a 15 km daily commute to work on public transport generates an average of 1,464 g of CO₂ emissions. Compared to 3,360 g—twice the volume for a journey the same length by car.
By opting for more sustainable modes of transport, such as cycling, walking, or public transportation, you can significantly reduce your carbon footprint.
Addressing Your Carbon Footprint
One way to compensate for your emissions is by purchasing high-quality carbon credits.
Carbon credits are used to help fund projects that avoid, reduce or remove CO₂ emissions. This includes nature-based solutions such as reforestation and improved forest management, or technology-based solutions such as the production of biochar and carbon capture and storage (CCS).
While carbon credits offer a potential solution for individuals to help reduce global emissions, public awareness remains a significant challenge. A BCG-Patch survey revealed that only 34% of U.S. consumers are familiar with carbon credits, and only 3% have purchased them in the past.
About Carbon Streaming
By financing the creation or expansion of carbon projects, Carbon Streaming Corporation secures the rights to future carbon credits generated by these sustainable projects. You can then purchase these carbon credits to help fund climate solutions around the world and compensate for your own emissions.
Ready to get involved?
>> Learn more about purchasing carbon credits at Carbon Streaming
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