Photo: Tel Aviv City, Israel.
A new study has revealed that Israel’s coastal city of Tel Aviv has 2,260 people worth over $10 million, 118 people with more than $100 million, and 12 billionaires
The report released by Henley & Partners, which tracks trends in private wealth migration around the world, found that 42,400 millionaires live in Tel Aviv.
The megalopolis was ranked second in the list of the five richest cities in the Middle East, according to the number of millionaires who live there .
Dubai in the United Arab Emirates is ranked first, while Abu Dhabi is ranked third, Qatar’s Doha fourth, and Riyadh in Saudi Arabia fifth.
The report also noted that New York City, the most populous city in the United States, was the world’s wealthiest city with the most millionaires and billionaires.
Society defines a millionaire as someone who owns assets worth $1 million or more, including cash, savings accounts, and investments in stocks, government bonds, and mutual funds.
New York is home to 345,600 millionaires, including 737 millionaires with a net worth of $100 million or more.
It boasts of 59 billionaires, as of June 30, 2022.
Japan’s Tokyo ranked second with 304,900 millionaire residents and 12 billionaires.
England’s London, is ranked third alongside the western U.S. city of San Francisco, and Singapore.
Other U.S. cities that made the list of the world’s 20 richest cities included Los Angeles, Chicago, and Houston, which are all in the top 10.
Dallas is ranked at 18. Houston made the most progress from last year, jumping four spots.
