Zurich, world capital of millionaires, beats Singapore and Dublin

In 2024, Zurich stands out as the city with the highest concentration of millionaires in the world. Singapore and Dublin follow in second and third place respectively. This hierarchy is based on Zurich’s high salaries and advantageous working conditions, which make it possible to reach millionaire status more quickly.

 

Zurich, the emblematic city of Switzerland, is often associated with finance and luxury. In 2024, it confirmed its reputation by topping the rankings of cities with the highest number of millionaires per capita. But that’s not all: Zurich also stands out for the speed with which its residents can achieve this enviable status.

 

In the international ranking of millionaire havens compiled by Cypriot online gambling site Prime Casino, Zurich is followed by Singapore and Dublin. Amsterdam and Sydney complete the Top 5.

 

Zurich: the epicenter of millionaires

 

With 20,374 millionaires per 100,000 inhabitants, Zurich clearly stands out from other cities. This exceptional figure is a rare phenomenon on a global scale, reflecting an impressive 20.4% of millionaires among its residents. This concentration is far higher than in major cities such as Singapore (4.31%) and Dublin (4.08%), illustrating the extreme wealth of this Swiss city.

 

© Prime Casino

 

Singapore, often referred to as the “ Silicon Valley of Asia ”, has 4,305 millionaires per 100,000 inhabitants. Despite its tax-friendly reputation, it lags far behind Zurich in terms of millionaire density. Dublin ranks third, with 4,083 millionaires per 100,000 inhabitants. Although the Irish capital benefits from attractive tax policies, it falls short of Zurich’s proportion of millionaires.

 

The Swiss city is one of the world’s most important financial centers, home to numerous international banks, financial institutions and the headquarters of major multinational corporations. This concentration of financial activity attracts wealthy individuals in search of economic stability.

 

In addition, Switzerland is renowned for its discreet and secure banking system, attracting those seeking to protect their wealth. The country’s economic and political stability reinforces investor confidence. Zurich, with its relatively low wealth and income taxes compared to other European countries, also offers a high quality of life. The city boasts a modern infrastructure and a clean, safe environment, creating a privileged living environment for those seeking a high standard of living.

High salaries and purchasing power

 

Although Zurich is renowned for its high cost of living, its residents enjoy significant purchasing power thanks to some of the highest salaries in the world, particularly in the finance, technology, engineering and pharmaceutical sectors.

 

© Aho/Unsplash

 

This advantageous level of remuneration is reinforced by an attractive tax environment, with relatively low taxes and social security contributions compared to cities such as Paris, London or New York, enabling Zurich residents to retain a larger proportion of their gross salary.

 

Zurich stands out for its unique combination of economic opportunity and stability.

 

Its residents also enjoy an exceptional quality of life, with health, education and security services that are among the best in the world.

 

© Prime Casino

 

Zurich’s economic efficiency, coupled with lucrative investment opportunities in real estate, financial markets and start-ups, facilitates rapid growth in personal wealth.

 

The city’s leading financial services offer privileged access to investment advice, enabling accelerated wealth accumulation.

 

Read also > The Singapore passport, the most powerful travel document in the world

© Janesca

Picture of The editorial team
The editorial team
Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.
Luxus Magazine Automne/Hiver 2024

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