22 AUG, 2023
Ayaan Paul Chowdhury
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From booming tech hubs to thriving cultural centers, here's a glimpse into the fastest-growing millionaire hotspots around the world, highlighting their increase in uber-rich between 2012 and 2022.
Hyderabad saw a commendable 78% growth in its millionaire population, driven by its expanding IT industry and affordable living costs.
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Ho Chi Minh City experienced a substantial 82% increase in ultra-wealthy residents, benefiting from its growing economy and investment opportunities.
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Sharjah witnessed an 84% growth in millionaires, partly driven by its role as a cultural and economic center in the United Arab Emirates.
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Guangzhou recorded an 86% growth in its millionaire population, fueled by its strategic location for trade and commerce.
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Bengaluru saw an 88% increase in its ultra-wealthy population due to its emergence as a global tech hub and entrepreneurial opportunities.
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Scottsdale also experienced an impressive 88% growth in millionaires, attracted by its luxury living options and favorable business environment.
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West Palm Beach witnessed a significant 90% rise in ultra-wealthy individuals, benefiting from its attractive lifestyle and real estate market.
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Shenzhen registered a notable 98% growth in its millionaire population, largely fueled by its status as a tech and manufacturing hub.
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Austin experienced a substantial 102% increase in millionaires during the same period, attributed to its thriving tech scene and quality of life.
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Photo: Getty Images
Hangzhou saw a remarkable 105% growth in its ultra-wealthy population between 2012 and 2022, driven by its robust tech and e-commerce industries.