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Thread: yet more market research ... Where the Millionaires Live

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    Default yet more market research ... Where the Millionaires Live

    from


    TOP 20 GLOBAL CITIES BY MILLIONAIRE DENSITY - FULL BREAKDOWN:

    1. Monaco (29.21%)

    2. Zurich (27.34%)

    3. Geneva (17.92%)

    4. New York (4.63%)

    5. Frankfurt (3.88%)

    6. London (3.39%)

    7. Oslo (2.90%)

    8. Singapore (2.80%)

    9. Amsterdam (2.63%)

    10. Florence (2.59%)

    11. Hong Kong (2.58%)

    12. Rome (2.54%)

    13. Dublin (2.40%)

    14. Doha (2.31%)

    15. Toronto (2.29%)

    16. Venice (2.25%)

    17. Brussels (2.11%)

    18. Houston (2.09%)

    19. San Francisco (2.07%)

    20. Paris (2.04%)


    however, to get some perspective on total potential millionaire dollars available, you also have to cross-reference by the relative population of each of these cities. On that basis, New York wins hands down, with London running a close second.

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    Default Re: yet more market research ... Where the Millionaires Live

    Wow, interesting. I am surprised I have not seen Chicago, or Milan on that list! Now I need to plan a trip to Monaco!

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    Default Re: yet more market research ... Where the Millionaires Live

    Quote Originally Posted by Melonie View Post
    however, to get some perspective on total potential millionaire dollars available, you also have to cross-reference by the relative population of each of these cities. On that basis, New York wins hands down, with London running a close second.
    I would think San Francisco would win handsdown because that entire city is 7 square miles, versus New York being many times over that, for only double the % of millionaires. Or is this calculated by how dense the city is + how large it is? In that case, it wouldn't win.

    I'm actually really surprised not to see Los Angeles on the list TBH. Just because the millionaire population here seems like it would be so dense, but I guess people spend a lot here and love all the flash.


    I also don't think "millionaire" tells us who will be spendy. Old money (inherited) never seems to spend, and never seems to associate with people who aren't already millionaires. New money (entrepreneurship, tech, entertainment, etc) always seems to spend. And cities like Los Angeles, people love to show off with expensive things, so I'm sure there are a lot of spenders.
    Last edited by GlamourRouge; 08-13-2014 at 01:14 PM.

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    Default Re: yet more market research ... Where the Millionaires Live

    Or is this calculated by how dense the city is + how large it is? In that case, it wouldn't win.
    Indeed the statistics is based on number of millionaires per 1000 population ... expressed as a percentage. Or put another way, for every 1000 residents of Monaco, 292 of them are millionaires. And for every 1000 residents of San Francisco, 21 are millionaires. Also to be kept in mind is that the statistic refers to $1 million in net worth, not $1 million of annual income. There is also no differentiation between a millionaire worth $1 million and one dollars, and a millionaire who is actually a billionaire.


    I also don't think "millionaire" tells us who will be spendy. Old money (inherited) never seems to spend, and never seems to associate with people who aren't already millionaires. New money (entrepreneurship, tech, entertainment, etc) always seems to spend
    For a fact 'old money' households do spend money. But they typically don't spend it in the same places that newly made tech millionaires do !!! And 'old money' typically never spends money in strip clubs. From my own observations, the 'old money' folks are extremely wary about 'conspicuous' spending of any sort ( which is why 'personal shopper' jobs exist ), probably based on a long history of dealing with 'scammers', gold-diggers etc.

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