Centi-millionaire communities currently include 29,350 individuals worldwide with liquid investable assets of $100 million or more, according to the Centi-Millionaire Report 2024 by Henley & Partners. This number will likely grow, particularly in emerging markets like Dubai, Abu Dhabi and Riyadh.
The growth trajectory of centi-millionaire populations is most prominent in Asian and Middle Eastern cities including Hangzhou, Shenzhen, Taipei, Dubai and Abu Dhabi, which will see increases of over 150 percent in their centi-millionaire communities by 2040. Emerging markets including Riyadh in Saudi Arabia and Bengaluru in India will also enjoy growth of over 150 percent in their centi-populations over the next 16 years.
Countries offering investment migration programs see growth
In contrast, some of the world’s more established capitals including Chicago, Moscow, Zurich and Madrid will likely experience sluggish growth of less than 50 percent in their centi-millionaire communities between now and 2040.
“This concentration speaks volumes about the interconnectedness of global wealth and the allure of strategic residence and citizenship planning. In an era of unprecedented uncertainty, the importance of building a strategic portfolio of complementary residence permits and citizenships that provide you with personal access rights to a wide range of different jurisdictions has never been more evident for centi-millionaires,” stated Dr. Juerg Steffen, CEO of Henley & Partners.
Steffen also noted that nearly two-thirds of the top 50 cities for centi-millionaire communities are located in countries offering investment migration programs.
Centi-millionaire communities surge 54 percent
Centi-millionaire communities have grown globally by 54 percent over the last decade. However, the geographic distribution of this super-rich explosion across different regions is notable. America and China have experienced a centi-millionaire boom, significantly outperforming their European counterparts.
China’s ascent has been the most dramatic, with its centi-millionaire communities expanding by 108 percent over the past 10 years. China’s growth has outpaced even the U.S., whose super-wealthy ranks surged by 81 percent over the same period. In contrast, Europe’s centi-millionaire growth has been slower than other regions, increasing by only 26 percent over the past decade.
“Pockets of dynamism exist, with smaller European markets such as Monaco, Malta, Montenegro, and Poland seeing their centi-millionaire populations surge by 75 percent or more,” added Steffen.
Courtesy Of Economy Middle East
