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Global cities (and the countries they are located in) appear in various surveys each year. I regularly refer to them here. Last month saw two updates released – the 2017 Hurun Global Rich List (and where the wealthiest people live) and the Bloomberg 2017 “economic misery” list, which it is not good to be at the top of.
Money is not the most important thing to value in life – good health is more important, so there are several surveys of the most liveable cities, which I last covered in September 2016.
Photo: High End hotel in Beijing's Sanlitun by Colin Speakman
However, there seems to be a fascination about where rich people live and in fact it appears that many choose to live in global cities where they can enjoy all the things that money can buy. I recall an old movie, “The VIPs” where a millionaire was able to write a friend a blank cheque. Nowadays being a millionaire does not get one far into the Rich List. Anyone living in London or New York with a good-sized home and the mortgage paid off is likely to have net assets worth over a million US Dollars. We have to talk about multi-millionaires at least, and for the top end of the Rich List we need US Dollar billionaires. There are 2,257 billionaires in the world, an increase of 69 in the last year, according to Hurun research.Continue Reading →