Latest news with #Henley&Partners
The South African
4 days ago
- The South African
Passport Index: SA loses access to another visa-free country
South Africa's passport power has decreased yet again, according to the latest Henley Passport Index, which revealed the newest rankings of all of the world's passports for 2025. The Henley Passport Index is the original, authoritative ranking of all the world's passports according to the number of destinations their passport-holders can travel to visa-free. 'With historical data spanning 19 years, the Henley Passport Index is the only one of its kind based on exclusive data from the International Air Transport Authority (IATA). The index includes 199 different passports and 227 different travel destinations.' Henley & Partners says. According to these rankings, the SA passport has dropped another spot from 50 to 51 on the list of 199 passports. The index also highlighted that South Africans can now only travel to 103 destinations, after losing visa-free travel access to Nigeria. South Africans travelling to this African nation will now require an e-visa for entry. Here are is the updated list of the top five most powerful passports: Rank Country Number of visa-free countries 1 Singapore 193 2 Japan 190 2 South Korea 190 3 Denmark 189 3 Finland 189 3 France 189 3 Germany 189 3 Ireland 189 3 Italy 189 3 Spain 189 4 Austria 188 4 Belgium 188 4 Luxembourg 188 4 Netherlands 188 4 Norway 188 4 Portugal 188 4 Sweden 188 5 Greece 187 5 New Zealand 187 5 Switzerland 187 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
Korea Herald
4 days ago
- Business
- Korea Herald
S. Korea has 10th-most millionaires in world
South Korea had the world's 10th-highest number of millionaires globally last year, with 1.3 million individuals holding wealth exceeding $1 million, or 1.37 billion won, a report showed Thursday. According to the Global Wealth Report 2025, released by Swiss investment bank UBS, the figure marked a slight increase from 1.2 million recorded in 2023, placing the country 10th among 56 countries surveyed. There were about 60 million millionaires globally, holding a total of $226.47 trillion in wealth. The US topped the list with 23.8 million millionaires, accounting for 39.7 percent of all millionaires worldwide. The report noted that the millionaire population in the US rose by 379,000 throughout last year, meaning about 1,000 people joined the millionaire club each day. UBS projected that more than 5 million new millionaires will be created globally over the next five years, with the US playing a key role in that growth. China had the second-highest number of millionaires, with 6.3 million, followed by France (2.8 million), Japan (2.7 million), Germany (2.6 million), the United Kingdom (2.6 million), Canada (2 million), Australia (1.9 million) and Italy (1.3 million). A separate study revealed that the millionaire population in Seoul is declining amid economic and political uncertainties at home. The number of millionaires living in the city stood at 66,000 as of December last year, a decrease of 16,500 from 82,500 the previous year, according to the 2025 World's Wealthiest Cities Report 2 published in April by English citizenship investment advisory firm Henley & Partners and global wealth intelligence firm New World Wealth. The report cited the weakening of the Korean won as the main factor behind the decline. It did not provide a number for the country as a whole. The Korean currency fell sharply to 1,472.5 won against the US dollar in December last year, up 184.5 won, or 14 percent, from 1,288.0 a year earlier, industry data showed. The report also suggested that the country's turbulent political climate may have prompted a number of high-net-worth individuals to leave the country. Since Dec. 3, when former President Yoon Suk Yeol declared emergency martial law, Asia's fourth-largest economy has been in political turmoil, leading to his impeachment, removal from office, and an early presidential election. The country now has a new president, Lee Jae Myung.
Yahoo
10-06-2025
- Business
- Yahoo
This Is the Wealthiest City in the World—With 384,500 Millionaires and 66 Billionaires
New York City topped a report of the wealthiest cities in the world. Manhattan is home to 384,500 millionaires, 818 centimillionaires, and 66 billionaires. Eleven of the 50 cities on the list are located in the U.S., with the Bay Area ranking second, Los Angeles fifth, and Chicago wealth has tripled in two decades, and a lot of it is concentrated right here in the U.S. In April, Henley & Partners, a company focusing on residency and citizenship by investment, in partnership with global wealth intelligence firm New World Wealth, which tracks global wealth migration trends between countries and cities, released its joint World Wealthiest Cities Report. Its lists include the most expensive cities in the world, the fastest-growing wealth hubs, and one of the wealthiest cities, topped by New York City. According to the report, the Big Apple is home to 384,500 millionaires, 818 centimillionaires, and 66 billionaires, indicating a substantial concentration of wealth in Manhattan. Henley & Partners shared in a press release that 11 out of the 50 cities on the list are in our country. It added that the Bay Area, which includes San Francisco and Silicon Valley, came in a close second with 342,400 resident millionaires. However, the company also pointed out that the Bay Area is now home to more billionaires—82—than New York and "continues to thrive as the epicenter of technological wealth creation, enjoying exceptional millionaire growth of 98 percent over the past decade."Other cities to rise to the top of the list include Tokyo, in third place, followed by Singapore (fourth), Los Angeles (fifth), London (sixth), Paris (seventh), Hong Kong (eighth), Sydney (ninth), and Chicago (10th).The report also noted that London and Moscow are the "only two cities in the top 50 that have recorded negative growth over the past decade, with their millionaire populations declining by -12 percent and -25 percent, respectively."Juerg Steffen, CEO of Henley & Partners, stated that the winning ten cities are located in countries offering residence-by-investment programs, "creating direct pathways for entrepreneurs and investors seeking access to these wealth hubs." 'These urban centers share common DNA—robust legal frameworks, sophisticated financial infrastructure, and perhaps most critically, investment migration programs that welcome global talent and capital," Steffen added. See the full results at Related: 40 Best Things to Do in New York City, According to Local Experts Read the original article on Travel & Leisure
Yahoo
09-06-2025
- Business
- Yahoo
This Is the Wealthiest City in the World—With 384,500 Millionaires and 66 Billionaires
New York City topped a report of the wealthiest cities in the world. Manhattan is home to 384,500 millionaires, 818 centimillionaires, and 66 billionaires. Eleven of the 50 cities on the list are located in the U.S., with the Bay Area ranking second, Los Angeles fifth, and Chicago wealth has tripled in two decades, and a lot of it is concentrated right here in the U.S. In April, Henley & Partners, a company focusing on residency and citizenship by investment, in partnership with global wealth intelligence firm New World Wealth, which tracks global wealth migration trends between countries and cities, released its joint World Wealthiest Cities Report. Its lists include the most expensive cities in the world, the fastest-growing wealth hubs, and one of the wealthiest cities, topped by New York City. According to the report, the Big Apple is home to 384,500 millionaires, 818 centimillionaires, and 66 billionaires, indicating a substantial concentration of wealth in Manhattan. Henley & Partners shared in a press release that 11 out of the 50 cities on the list are in our country. It added that the Bay Area, which includes San Francisco and Silicon Valley, came in a close second with 342,400 resident millionaires. However, the company also pointed out that the Bay Area is now home to more billionaires—82—than New York and "continues to thrive as the epicenter of technological wealth creation, enjoying exceptional millionaire growth of 98 percent over the past decade."Other cities to rise to the top of the list include Tokyo, in third place, followed by Singapore (fourth), Los Angeles (fifth), London (sixth), Paris (seventh), Hong Kong (eighth), Sydney (ninth), and Chicago (10th).The report also noted that London and Moscow are the "only two cities in the top 50 that have recorded negative growth over the past decade, with their millionaire populations declining by -12 percent and -25 percent, respectively."Juerg Steffen, CEO of Henley & Partners, stated that the winning ten cities are located in countries offering residence-by-investment programs, "creating direct pathways for entrepreneurs and investors seeking access to these wealth hubs." 'These urban centers share common DNA—robust legal frameworks, sophisticated financial infrastructure, and perhaps most critically, investment migration programs that welcome global talent and capital," Steffen added. See the full results at Related: 40 Best Things to Do in New York City, According to Local Experts Read the original article on Travel & Leisure Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The South African
06-06-2025
- Business
- The South African
These surprising cities saw the biggest increase in millionaires
While American cities like New York or the Bay Area still boast the most dollar millionaires in real numbers, a few destinations have emerged as new hubs for the wealthy. These cities have seen the biggest increase in dollar millionaires over the past decade. They're mostly fast-growing centres of technology and innovation. Meanwhile, a few also offer tax incentives to attract the wealthy. That's according to the World's Wealthiest Cities Report 2025, which is published by Henley & Partners, a firm that advises the wealthy on where to move to look after their assets. Between 2014 and 2024, Shenzhen saw a 142% increase in dollar millionaires. The Chinese city is a major technology hub, with companies like Huawei and Tencent based there. Once a rustic fishing village, Shenzhen is now the fastest-growing destination for dollar millionaires. The technology scene continues to attract entrepreneurs and financiers. Most South Africans may not hear much about Scottsdale, but tech entrepreneurs and those with six-figure account balances will know all about it. The American city's millionaire population grew by 125% over the past decade. Like Shenzhen, Scottsdale's attraction is its booming tech industry. It also offers a luxurious lifestyle, especially in golf estates, and favourable state tax conditions. It could be a surprise, but this Indian city is popular with the very wealthy. Bengaluru, also known as Bangalore, saw a 120% increase in dollar millionaires. That took place in just ten years, between 2014 and 2024. The city's flourishing tech industry, affordable living costs, and growing infrastructure have made it a hotspot for the wealthy. Over the past decade, West Palm Beach gained 112% more dollar millionaires. This American city offers the wealthy a laid-back lifestyle, thanks to its coastal location. Because the state of Florida has low taxes, businesspeople and rich professionals also flock to West Palm Beach. 108% more millionaires now live in Hangzhou, compared to ten years ago. That growth coincided with the rise of tech companies in the city, including Alibaba. Hangzhou is a historic city with pretty scenery, making it even more attractive to the affluent. Let us know by leaving a comment below or send a WhatsApp to 060 011 0211. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X, and Bluesky for the latest news.
