Author: Douglas Steffler

As Donald Trump’s young second presidency unfolds in a historically erratic fashion, one thing is clear: Americans are coming to appreciate the value of an extra passport. In 1935, Nobel laureate Sinclair Lewis published a dystopian novel entitled It Can’t Happen Here. The work posed the specter of a fascist US government, the fear again for some today. For others, the specter might be economic turbulence, civil disturbance, a breakdown of governmental order. Whatever one’s anxiety, there is a growing sense that the USA no longer offers the kind of stability that has long been a hallmark of its global profile. US citizenship remains a valuable status. But it’s not good enough as a standalone. In coming years, more Americans will be acquiring additional citizenships in whatever way they can. Multiple citizenship is being normalized in American society. While it may be a bit of an exaggeration, as one social media poster…

Understanding the true financial health of an economy requires a more nuanced approach than simply examining GDP figures. GDP is often used as a standard measure of economic performance, but it does not fully capture the dynamics of wealth creation and accumulation or the financial health of an economy. Private wealth provides a far more accurate reflection of economic strength, taking into account asset ownership, investment flows, and the movement of high-net-worth individuals. Unlike GDP, which can be distorted by government spending and other factors, private wealth offers a clearer picture of financial stability and prosperity. Why wealth? We consider wealth to be a far better measure of the financial health of an economy than GDP. The reasons for this include: In many countries, a large portion of GDP flows to government and therefore has little to no impact on private wealth creation. GDP counts items multiple times. For instance,…

City/RegionCountryUSD/m²MonacoMonaco38,800New York CityUSA27,500Hong KongHong Kong (SAR China)26,300LondonUK24,000Saint-Jean-Cap-FerratFrance21,200ParisFrance20,400SydneyAustralia19,500Palm BeachUSA18,000Miami BeachUSA17,800Los AngelesUSA17,500SingaporeSingapore16,700GenevaSwitzerland15,200NiceFrance15,000PortofinoItaly15,000CannesFrance14,800TokyoJapan14,700LuganoSwitzerland14,600AntibesFrance14,500Porto CervoItaly14,500ÈzeFrance14,400 Rankings as at December 2024. All stats in USD terms. Refers to the average square meter price of a 'prime' 100 to 200 m2 apartment in city/town. Source: New World Wealth

World’s Top Cities for Centi-Millionaires. The elite club of centi-millionaires — individuals with liquid investable assets exceeding USD 100 million — has become perhaps the most influential wealth segment globally. With 30,450 current members worldwide, this exclusive group continues to reshape cities, economies, and investment migration patterns in profound ways. What makes this cohort particularly significant is their outsized impact on global wealth creation. Our research reveals that most companies listed on the Fortune 500, S&P 500, FTSE 100, and Nikkei 225 were established by entrepreneurs who ultimately became centi-millionaires. These wealth creators don’t simply accumulate capital — they transform economies, drive innovation, and increasingly shape the destinations they choose as home bases. America’s enduring super-rich supremacy The USA’s dominance in the global centi-millionaire landscape remains unchallenged, with American cities claiming all three top positions in our latest ranking of centi millionaires hotspots. read ; https://citizenshiphubs.com/centi-millionaire-hotspots/. New York City leads decisively…

Fastest Growing Cities for Global Wealth The global wealth landscape is evolving at an unprecedented pace. During the last ten years, we have observed significant changes in millionaire residential, work, and investment preferences. We've pinpointed the cities showing remarkable wealth expansion – with several locations more than doubling their millionaire residents over the past decade. Common traits unite these emerging wealth centers: exceptional infrastructure, advantageous geographic locations, and crucially, government policies that embrace international capital and talent. Wealthy individuals pursuing both financial growth and lifestyle enhancements gain important strategic benefits by recognizing these developing hubs in our increasingly borderless world. Technology and tax as key drivers Analysis highlights two major factors driving these global wealth changes. Technology now stands as the foremost creator of wealth, with metropolitan areas hosting substantial tech communities experiencing the steepest growth curves. Cities like Shenzhen, Hangzhou, and the Bay Area demonstrate this phenomenon clearly, their…