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It’s not surprising that in 2024 the top cities with the most centi-millionaire and billionaires are New York City, the San Francisco Bay area, and Los Angeles, but it may be surprising that the fastest growing cities for centi-millionaires and billionaires include Austin, Scottsdale, Greenwich, and Palm Beach, according to Henley & Partners new 2024 USA Wealth Report. The report takes a fascinating look at trends among the wealthy including alternative residences, dual passports, and how to future-proof fortunes.
“In terms of what our members are currently thinking about in 2024, three overarching strategies surface,” says R360 Managing Partner Barbara Goodstein.
- Avoiding the allure the perceived missed investment opportunities in favor of waiting for the right deal.
- Looking at smart investment in the wellness and longevity spaces to solve personal or family health issues.
- Being ready for the great wealth transfer within families that is taking place over the next decade.