Housing
Where the Global 1% Live Now
The most important cities for the ultra-rich, and what it might cost those places.
London, Hong Kong, and New York rank as the top three cities for the ultra-rich, according to the 2012 Wealth Report released by real estate firm Knight Frank and Citi Private Bank.
The report is based on detailed data on the number, distribution, and preferred locations of high net-worth individuals (defined as households with more than $100 million in assets). This is the globe-straddling capitalist over-class that Cynthia Freeland has dubbed the "new global elite," or what the report itself labels the global economic "plutonomy" of the "richest 1%."