In a world where wealth is increasingly concentrated among the super-rich, holiday homes have become a status symbol for centi-millionaires—individuals with liquid investable wealth of $100 million or more. The allure of owning multiple properties in prime locations continues to drive ultra-high-net-worth individuals to seek investment opportunities abroad.
A recent report by New World Wealth and consultancy firm Henley and Partners shows that Miami, The Hamptons, and Liguria (Italy) emerge as top destinations for these affluent individuals.
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The report highlights the top 22 cities, islands, and regions where these affluent individuals are choosing to invest in seasonal residences.
Top Destinations for centi-Millionaires
Miami, USA
With over 650 centi-millionaires, Miami stands out as the leading city for the super-rich. The vibrant culture, sunny weather, and luxurious lifestyle attract both residents and second-home owners, with a growth forecast of 164% in centi-millionaire numbers from 2024 to 2040.
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The Hamptons, USA
Known for its exclusive beaches and upscale living, The Hamptons boasts around 600 centi-millionaires. This region is expected to see a modest growth of 25% in the coming years.
Liguria, Italy
The picturesque Liguria region is home to over 550 centi-millionaires. Its stunning coastline and charming villages make it a desirable retreat, with a growth forecast of 84%.
Nice to Eze, France
This glamorous stretch of the French Riviera attracts around 500 centi-millionaires, with a growth forecast of 95%, making it a prime location for luxury holiday homes.
Palm Beach and West Palm Beach, USA
With 400 centi-millionaires, this Florida hotspot is known for its opulent estates and beautiful beaches. The area is projected to grow by 69% in centi-millionaire residents.
Costa del Sol, Spain
The sunny Costa del Sol region is home to 300 centi-millionaires, drawn by its warm climate and luxurious lifestyle, with a growth forecast of 60%.
The Algarve, Portugal
With 250 centi-millionaires, The Algarve offers stunning coastlines and a relaxed lifestyle, expected to grow by 48% in the next decade.
Cannes, France
Famous for its film festival, Cannes attracts 200 centi-millionaires, with a growth forecast of 28%.
Mykonos, Greece
This idyllic island is home to 200 centi-millionaires, known for its vibrant nightlife and beautiful beaches, with a growth forecast of 22%.
Jackson Hole, USA
A favorite of the wealthy for its stunning natural beauty and outdoor activities, Jackson Hole has around 200 centi-millionaires, with a growth forecast of 15% over the next decade.
Park City, USA
Renowned for its ski resorts and outdoor lifestyle, Park City is home to 200 centi-millionaires, with a projected growth of 12%.
Aspen, USA
Another popular ski destination, Aspen attracts 200 centi-millionaires, with a modest growth forecast of 10%.
Cape Town, South Africa
With its breathtaking landscapes and vibrant culture, Cape Town has 150 centi-millionaires, expected to grow by 28%.
Boca Raton, USA
Known for its upscale living and beautiful beaches, Boca Raton is home to 150 centi-millionaires, with a growth forecast of 30%.
Naples, USA
This luxurious Florida destination has 150 centi-millionaires, with a projected growth of 27%.
Lake Como, Italy
Famous for its stunning lakeside villas, Lake Como is home to over 100 centi-millionaires, with a growth forecast of 20%.
Rio, Brazil
Known for its vibrant culture and beautiful beaches, Rio has 100 centi-millionaires, with a growth forecast of 36%.
Fort Lauderdale, USA
With its extensive waterways and luxury homes, Fort Lauderdale has 100 centi-millionaires, expected to grow by 25%.
Pebble Beach and Carmel-by-the-Sea, USA
This picturesque coastal area is home to 100 centi-millionaires, with a growth forecast of 30%.
Creta, Greece
Known for its rich history and beautiful landscapes, Crete has 100 centi-millionaires, with a growth forecast of 20%.
Marrakech, Morocco
This exotic destination attracts 100 centi-millionaires, with a growth forecast of 12%.
Bodrum, Türkiye
Known for its stunning coastline and vibrant nightlife, Bodrum is home to 100 centi-millionaires, with a growth forecast of 10%.
Key trends:
Key trends:
Strong US Presence: The United States dominates the top 10 list with six locations, including The Hamptons, Palm Beach, West Palm Beach, Jackson Hole, Park City, and Aspen.
European Appeal: Liguria (Italy), Nice to Eze (France), Costa del Sol (Spain), The Algarve (Portugal), Cannes (France), Mykonos (Greece), Lake Como (Italy), and Bodrum (Türkiye) are popular European destinations for centi-millionaires.
Wealth Growth Potential: Several locations, including Miami, The Hamptons, Liguria, Nice to Eze, and Palm Beach, are expected to experience significant wealth growth in the coming years.