“Long live the city,” declares Knight Frank in its 2021 Wealth Report, as it ranks the world’s top urban hubs for the super-rich. “The pandemic, far from undermining the city, has shown up the potential for rebirth.”
“Switzerland’s wealth tax offers a rare real-world example of how a levy on assets can work, just as such ideas gain traction elsewhere in the wake of the coronavirus crisis,” writes Bloomberg journalist Catherine Bosley.
New York is the top global city for the world’s wealthy, according to new analysis by research house Wealth-X, with “a significant lead” over other hubs. Los Angeles is in a distant second place, followed by London, Hong Kong and Paris.