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

8. Shanghai, China

- Estimated rank in 10 years: 4
- Avg. prime property price: $1,800/sq. ft. (22nd most)
- Population: 16,575,110 (7th largest)

Much like Beijing, Shanghai’s status among the super-rich is increasing. Currently, Shanghai is rated fourth-highest in the economic activity category, behind only Hong Kong, New York and London. The city, which is China’s industrial and financial center, is also growing faster in importance than any other city aside from Beijing. In a survey asking what the “world’s top city” will be in 2050, The Wealth Report found the most popular answer to be Shanghai.

(iStock Photo)

More From 24/7 Wall St.:
States Where Taxes Are Soaring
Cities Where No One Wants to Move
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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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