Taipei 8th in city rankings for world's super rich2019/03/12

Taipei, March 9 (CNA) Taipei was listed 8th in terms of its number of mega-rich residents, individuals worth a minimum of US$30 million, according to Knight Frank's 2019 Wealth Report released this week.

According to Knight Frank, a real estate consultancy, the top spot in 2018 was taken by London (4,944), followed by Tokyo (3,732), Singapore (3,598), New York (3,378), Beijing (1,673), Paris (1,667), Seoul (1,594), Taipei (1,519), Zurich (1,507) and Sao Paulo (1,352).

Despite Brexit, London is listed as the biggest hub for billionaires, including members of the billionaire Rausing family, who own packaging company Tetra Laval, and Chelsea neighborhood landowner Charles Cadogan, the report said.

"Hard Brexit, no Brexit, Brexit-lite: whatever the outcome, London will remain the leading global wealth centre in 2019," it added.

Described as London's only serious rival by the report, New York is the only U.S. city to feature in the top 10.

The ranks of the super-rich will increase by more than 20 percent over the next five years, the number of millionaires (in U.S. dollar terms) across the world will exceed 20 million for the first time this year, Knight Frank predicts.

Asia is the biggest hub for billionaires, with the number in the region set to pass 1,000 by 2023, accounting for more than a third of the 2,696 billionaires in the world, it said.

Furthermore, the report noted that about a quarter of purchases of London homes worth a minimum of 2 million pounds (US$2.6 million), were made by buyers from China and Hong Kong in 2018, almost double the number two years ago.

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