The lucky number of individuals worth $30 million or more is expected to grow by 33% over the next five years \u2014 and they all need homes. A new report narrowed down where the moneyed are living, where they\u2019re buying second homes and where they\u2019re rubbing elbows. The data, compiled by the information services firm Altrata and reported by Mansion Global, geographically tracked the real estate moves of individuals with net worths exceeding $30 million.<\/p>\n
In the industry, these filthy-rich buyers are referred to as \u201cultra-high-net-worth individuals,\u201d and their residential footprint is growing internationally. Members of this affluent demographic own an average of three homes, according to the report. New York City remains a favorite spot among the richest global residents. THANANIT \u2013 stock.adobe.com<\/span> If the richest of the rich did think in countries, however, the United States would be top of mind. A grand total of 15 US cities appeared on the report\u2019s ranking of global metros with the most ultra-wealthy buyers. Only two European cities, Paris and London, made an appearance in the top 20.<\/p>\n New York City, in particular, continues to reign supreme among the global well-to-do. Big Apple homes are owned \u2014 but perhaps not occupied \u2014 by more than 33,000 ultra-high-net-worth individuals, according to the data.<\/p>\n The reputation of wealthy NYC buyers snapping up penthouses without regard for economic uncertainty and political shifts could be waning, however.<\/p>\n Jeremy Stein of Sotheby\u2019s International Realty \u2014 which published a mid-year luxury market outlook in June \u2014 told The Post that the city\u2019s ultra-luxury segment is no longer reaching the same heights it did in 2024. It continues to outperform the broader market, however. Second homes in Miami are increasingly popular with luxury buyers. susanne2688 \u2013 stock.adobe.com<\/span> Ranking runner-ups Los Angeles and Hong Kong lagged behind New York with populations of upper-crust owners numbering close to 20,000 each. Aspen, Colorado ranked third for the highest concentration of ultra-wealthy owners. One in every 77 residents of the snowy city is worth more than $30 million, according to the report. The cr\u00e8me de la cr\u00e8me are packed in like sardines in Monaco, which leads the density rankings with one in 22 residents classified as ultra-wealthy.<\/p>\n The growth of ultra-high-net-worth individuals and their preference for certain global cities and luxury destinations is a trend that continues to shape the real estate market. As the number of these affluent buyers is expected to increase, it will be interesting to see how their residential choices evolve and which cities emerge as new favorites.<\/p>\n Introduction to Ultra-High-Net-Worth Individuals The lucky number of individuals worth $30 million or more is expected to grow by 33% over the next five years \u2014 and they all need homes. A new report narrowed down where the moneyed are living, where they\u2019re buying second homes and where they\u2019re rubbing elbows. The data, compiled by […]<\/p>\n","protected":false},"author":6,"featured_media":20330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-20329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate"},"jetpack_featured_media_url":"https:\/\/i2.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/07\/108335624.jpg?quality=75&strip=all&w=1024&w=1024&resize=1024,682&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/20329"}],"collection":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/comments?post=20329"}],"version-history":[{"count":1,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/20329\/revisions"}],"predecessor-version":[{"id":20331,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/20329\/revisions\/20331"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/media\/20330"}],"wp:attachment":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/media?parent=20329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/categories?post=20329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/tags?post=20329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe number of ultra-high-net-worth homebuyers is expected to grow 33% by 2030. Dorde \u2013 stock.adobe.com<\/span><\/p>\nGlobal Cities Preferred by the Ultra-Rich<\/h2>\n
\n\u201cToday\u2019s affluent think in currencies, not countries,\u201d said Julie Faupel, ceo of the invite-only realtor community Realm, which sponsored the report.<\/p>\nUS Cities Leading the Pack<\/h3>\n
New York City’s Enduring Appeal<\/h3>\n
Shifts in the NYC Luxury Market<\/h3>\n
\nThe luxury co-op market, which struggles to compete with turnkey condos, is seeing a notable bounce back as sellers concede to more realistic pricing, Stein added.<\/p>\nPopular Destinations for Second Homes<\/h2>\n
\nCertain enclaves are defined by their wealth, from Aspen to Monaco. NDABCREATIVITY \u2013 stock.adobe.com<\/span>
\nMonaco boasts the highest density of ultra-wealthy residents and second homeowners in the world. Boris Stroujko \u2013 stock.adobe.com<\/span><\/p>\nLos Angeles, Hong Kong, and Miami<\/h3>\n
\nMiami, a recent rankings climber, overtook New York as the most popular metro for luxury second homes. Miami beat out other hot spots like London, Beijing and Hong Kong with with 13,200 \u00fcber-wealthy second-homeowners. Prosperity in the Sunshine State didn\u2019t stop there \u2014 the relatively small metro of Naples notched an extreme ratio of 19 ultra-rich second-home owners for every one primary resident.<\/p>\nAspen and Monaco<\/h3>\n
Conclusion<\/h2>\n
FAQs<\/h2>\n
\n
\nA: 33%<\/li>\n
\nA: New York City<\/li>\n
\nA: Three<\/li>\n
\nA: Miami<\/li>\n
\nA: Monaco<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"