Wealth Management

Hong Kong has officially surpassed New York City as the place with the highest concentration of ultra-high-net-worth individuals (UHNWI) worth at least $30 million.

Considering 82 international luxury markets, luxury real estate sales increased by 11 % in 2017. Heightened demand and limited supply allowed luxury real estate to outpace non-luxury sales.

UBS Wealth Management asked nearly 3,000 millionaires* for their views on political and economic uncertainty, after a rollercoaster year that included the election of President Trump, the Brexit vote in the UK, and rising tensions over North Korea.

Since its first publication in 2007, The Wealth Report published by Knight Frank has highlighted the most important cities for the world’s wealthiest individuals. To mark their second decade, they have re-evaluated their criteria and created the City Wealth Index.