The study reveals the global residential footprint of ultra high net worth (UHNW) individuals, those with a net worth exceeding $30 million, and identifies key opportunities for engaging with this influential demographic.
The top five cities by ultra wealthy primary or secondary homes are New York, Los Angeles, Hong Kong, Miami and London.
As the global population of ultra wealthy individuals continues to grow, projected to increase by more than one-third from today to 2030, their residential footprint is becoming increasingly international and diversified. With an average of three known luxury residences per individual, these influential homeowners represent significant opportunities across real estate, luxury services and wealth management sectors.
The allure of global cities and their prime real estate neighborhoods remain strong.
New York boasts the highest number of ultra wealthy individuals with either a primary residence or secondary home here, and this number is nearly two-thirds larger than the second ranked metro, Los Angeles.
Home to 19,439 ultra wealthy homeowners, Hong Kong has the third-largest residential footprint.
Fourth-ranked Miami has recorded a strong inflow of ultra wealthy residents since the pandemic.
London completes the top five, with a total UHNW footprint of 15,695 individuals, around half that of New York.
Second-home trends: Miami has overtaken New York as the most popular second-home city globally among ultra wealthy individuals, with London, Beijing and Hong Kong leading among non-US cities.
New locations to watch:Dubai is a new entry to the top ten non-US cities ranking among secondary-home owners, driven by its favorable tax environment, growing luxury real estate sector, and attractive residency programs like the Emirati Golden Visa.
UHNW density:Monaco leads globally in ultra-wealth density, with one in every 22 residents classified as ultra-wealthy. Aspen, Colorado, is the densest US location, with one UHNW individual for every 77 residents.
"Today's affluent are more mobile, diversified, and globally positioned than ever before," said Julie Faupel, CEO of REALM. " Real estate is no longer simply an asset class; it is an anchor point for lifestyle, legacy, and leverage."
Leveraging Altrata's Wealth-X Database, the most extensive global collection of intelligence on the wealthy and influential, the report offers unparalleled insights into the lifestyles, preferences, and movements of the ultra rich.
Understanding this population's residential preferences and presence is essential for organizations aiming to build relationships, deliver targeted services, and grow their business with this exceptional group of individuals. The complete report provides essential reading for real estate professionals, luxury brands, financial services, and others seeking to engage with the world's ultra wealthy.
Altrata provides essential intelligence and insight on business leaders, the global wealthy and well-connected. The leading commercial, philanthropic, and educational institutions depend on Altrata solutions to meet their growth objectives. Clients partner with Altrata to confidently engage with exceptional individuals and organizations, create meaningful relationships and seize strategic opportunities.
Altrata's global dataset contains millions of individual profiles on the wealthy, senior decision makers, board members and C-suite leaders. Altrata offers actionable, accurate and comprehensive data maintained by a global team of in-house researchers committed to surfacing the right insight at the right time to drive positive business outcomes. Altrata is a definitive leader in global wealth intelligence, professional relationship mapping and affluent market dynamics.
About REALM Global REALM Global is a visionary, brand-agnostic membership collective designed exclusively for the top 1% of luxury real estate professionals. Spanning 40 States in the US and 16 countries, REALM® unites the world's most accomplished advisors through an ecosystem of curated global connections, proprietary events, elite education, and a powerful wealth intelligence platform.
More than a network, REALM® is a force multiplier—empowering members to deliver unmatched value to their high-net-worth clients with trust, discretion, and precision. REALM® Members are not just agents—they are trusted advisors at the pinnacle of their profession. REALM® exists to elevate how they connect, collaborate, and grow in a world without borders.
SOURCE Altrata Limited
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