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24/7 Wall St.: Most Popular Cities for the Ultra-Rich

1. London, United Kingdom

- Estimated rank in 10 years: 1
- Avg. prime property price: $4,500/sq. ft. (3rd most)
- Population: 8,631,325 (30th most)

London, which is one of the world’s top financial centers, is considered the most important city by high-net-worth individuals — and by a significant margin. It ranks the highest in economic activity, knowledge and influence, and quality of life categories. It is second in political power, behind only Washington, D.C. The city has an abundant supply of luxury housing, top-tier educational opportunities and a large population of the ultra-wealthy — all characteristics that appeal to the rich. Despite competition from emerging Asian nations, London is expected to maintain its top position for the next 10 years.

(iStock Photo)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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