Which cities in the world should you consider moving to, if you want to maximise your chances of making wealth...
When people look at the gross GDP or per capita GDP of a city, it doesn’t necessarily reflect the correct picture because most such figures are skewed upwards because of a handful of big conglomerates that keep pulling up the average, while the poor and middle class continue to suffer.
An alternate metric to evaluate could be the % growth in number of millionaires in the city over the past 10 years... (2013 to 2023)...
In the top 10 cities, there are 3 from China, 2 from India, and 2 from the US...
👉🏼 The #1 city in the world is Shenzhen with a 140% millionaire growth over the past 10 years.
👉🏼 #2 is Hangzhou in China, with a growth of 125%.
👉🏼 Bangalore comes at #3 in the world with a growth in numbers of 120% - 13k millionaires, 42 centi-millionaires and 8 billionaires.
👉🏼 Delhi is at #8 with 95% increase, over 30k millionaires, 123 centi-millionaires, and 16 billionaires.
👉🏼 Mumbai is at #17 with a 82% increase, 59k millionaires, 236 centi-mill and 29 billionaires.
👉🏼 In Africa, Kigali in Rwanda is almost equal to the number of millionaires as in Mauritius... thus soon becoming the place for attracting investments in Africa.
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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age
@sidrahnaz8723
2 weeks ago
Hi Sarthak, I have subscribed to your channel long back and your videos are truly knowledgeable and sometimes overwhelming. Thanks for creating such content ! Loved it
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