An international report ranks Tangiers, Casablanca and Marrakesh among the richest cities in the world – Day 24

2023-04-25 11:00:33

Marrakesh, Tangiers and Casablanca were ranked among the richest and fastest growing cities in the world, which includes millionaires, millionaires and billionaires in 2023, according to a report issued by “Henley & Partners”, a global leader in residence by investment, on which hundreds of wealthy people depend on its experience and advice in this field.

In terms of the growth rate of the wealthy between 2012 and 2022, Marrakesh came at the forefront of the Moroccan cities, with a growth rate of 55 percent, as the number of millionaires rose to 900 people, and they are those whose wealth exceeds one million dollars, and the number of those whose wealth exceeds 100 million dollars reached 8 people, and currently lives in Marrakesh 2 billionaires.

And in the second place in Morocco, the city of Tangier came with a growth rate of 33 percent in the number of the wealthy during the ten years, as it lives in 700 millionaires and 3 of the owners of 100 million or more, and there are no billionaires living in it.

Casablanca ranked third, with an increase of 28 percent, as the number of millionaires reached 2,800, and the number of owners of 100 million reached 14 rich people, and 2 billionaires. Thus, the economic capital is considered the first home in Morocco for the owners of great wealth.

In the Middle East and Africa, Dubai maintains its status as a safe haven with low tax rates, making it a magnet for millions of immigrants from all over the world, with nearly 3,500 high-net-worth individuals moving to the city in 2022 alone.

The report considered Marrakesh an increasingly popular retirement destination for high-net-worth individuals in Morocco and Europe. The Red City is also home to a thriving luxury real estate and hotel sectors.

Kigali is the economic center of Rwanda and is a thriving technical and financial centre. Notably, Rwanda has been the fastest growing market in Africa over the past decade, both in terms of millionaire growth and overall wealth growth.

And when it comes to the number of millionaires residing, cities in the United States and China dominate the top 10 richest cities in the world, while only one European city, London, makes the 2023 list.

New York City wears the crown as the world’s first city with the most millionaires in 2023, but Hangzhou in China is the fastest growing 100 per cent in the decade.