Knight Frank and Citi Private Bank release The Wealth Report 2012

Quality of life, knowledge and influence, and economic activity are the key factors for the ultra-wealthy investing in property, says Knight Frank and Citi Private Bank’s sixth Wealth Report recently released.

London, New York, Hong Kong and Paris are seen as the most important world cities for high-net-worth individuals (HNWIs). Beijing and Shanghai are the cities with the most rapid growth in importance to HNWIs.

Personal security (63%) now ranks above economic openness (60%) in their choice of cities to live. Dubai as the location with the most rapid growth in importance and HNWIs from Miami and Sao Paolo are seen as strong contenders for future influence. The Wealth Report 2012 confirms the relentless shift in wealth distribution towards Asia-Pacific:  the region covering China, SE Asia and Japan now has more centa-millionaires (those with over US$100m in assets) than North America or Western Europe.

Visit The Wealth Report 2012 online at:  www.thewealthreport.net.