The Knight Frank Global Cities Survey keeps track of which cities are of most importance to the world’s wealthiest people.
It ranks cities based on four factors: Economic Activity, Quality of Life, Knowledge & Influence and Political Power, as well as taking into account the number of UHNWIs who call each city home.
THIS YEAR’S TOP 10, COMPARED WITH 2013 AND OUR PREDICTED RANKINGS FOR 2024
|2||New York||New York||London|
|4||Hong Kong||Hong Kong||Singapore|
As can be seen in the map above, London and New York are set to remain the world’s most important cities for the next 10 years at least.
This year we also list the five fastest growing city hotspots. These are (1) Sao Paulo, (2) Istanbul, (3) Abu Dhabi, (4) Mumbai and (5) Sydney.
For more analysis, survey methodology and the top five cities in each global region, download The Wealth Report 2014.
Once again the results of our Global Cities Survey mean the mayors of London and New York can sleep easy. No Asian, Latin American or Middle Eastern ingénue has broken ranks to trouble the long-standing dominance of the two mighty metropolises at the top of our rankings.
In fairness, it was never likely to happen this year; nor for that matter do we expect it to happen in the foreseeable future.
History, location and their long-established wealth mean that London and New York’s positions look unassailable, at least for now.
It is further down our leader board that the real city wars are being waged. The main battleground is Asia, where a handful of locations are slugging it out in the hope of establishing a clear lead as the region’s alpha urban hub.
Of course, there will always be a keen rivalry between London and New York as to which takes the crown of leading global city.
This year London is in first place according to our survey but, in reality, there is very little to separate the two cities.
THE CITIES WITH THE LARGEST FORECAST UPLIFT IN UHNWI POPULATIONS – SAO PAULO, ISTANBUL AND SHANGHAI – ARE ALL EMERGING MARKET LEADERS