--- title: 1 Out of 56 People in This City Has at Least $30 Million description: Monaco boasts one ultra-high net worth individual, or someone with assets totaling at least $30 million, for every 56 people. authors: - name: Rob Wile url: https://money.com/author/rob-wile/ at_money_since: 2017 articles: 191 covers: - Personal Finance - Business - Career Advice - Economy and Politics - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Retirement - Shopping - Taxes - Technology social: - https://x.com/rjwile former_staff: true published: '2017-12-01T20:41:23.000Z' modified: '2024-04-17T07:22:13.000Z' section: Personal Finance tags: - ultrawealthy - Wealth word_count: 335 canonical: https://money.com/1-out-of-56-people-in-this-city-has-at-least-30-million/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Monaco](https://img.money.com/2017/11/171130-city-30-million-monaco.jpg) *View of port in Monaco* One in every 20 Americans [is a millionaire](https://money.com/millionaire-population-united-states-world/). For residents of Monaco, that's peanuts. The European city-state now boasts one ultra-high net worth individual, or someone with assets totaling at least $30 million, for every 56 people—a higher density than any other city in the world, according to a new [report](https://www.wealthx.com/report/uhnwi-population-city-residential-index-2017/?utm_campaign=city-residential-index&utm_source=press&utm_medium=referral&utm_term=city-residential-index) from wealth tracking firm Wealth-X. Monaco, which sits nestled inside the south of France near the Italian border, is a popular banking destination and a known tax haven—[it has no income tax](https://www.investopedia.com/ask/answers/060316/why-monaco-considered-tax-haven.asp). A previous [study](http://profit.ndtv.com/news/global-economy/article-one-in-three-is-a-millionaire-in-monaco-study-650514) estimated that nearly one in three individuals who reside in Monaco are millionaires. It's also home to the famed Monte Carlo gambling district and lavish residences like [this $8.1 million, 1,152-square-foot apartment](https://www.nytimes.com/slideshow/2017/05/10/realestate/a-one-bedroom-apartment-on-the-waterfront-in-monaco/s/14IHH-MONACO-slide-AE02.html) recently featured in the *New York Times.* ![Casino at night, Monaco, Europe](https://img.money.com/2017/12/171130-city-30-million-monaco-2.jpg) *Monte Carlo casino at night, Monaco, Europe* Within Monaco's population of approximately 39,000 individuals, Wealth-X counts 686 ultra-wealthy people—many of whom are foreigners with second homes in the principality. There are 100 ultra-wealthy Monegasques with primary residences there, according to the study. Monegasques are in fact minorities in their own country: The nation's population is primarily French, followed by Italian and British. The city-state is also known for being one of the safest areas in the world, with what is said to be the largest police force per capita and a 24-hour video surveillance system that covers the entire town. The next densest city on Wealth-X's list is Geneva, Switzerland, which has one ultra-wealthy net worth individual for every 221 people. American cities are well represented, too: Four of the top 10 cities are in the U.S. Here are the top 10 cities, ranked by the density of ultra-high net worth individuals: 10\. Los Angeles (1 in 1,622) 9\. New York (1 in 1,392) 8\. London (1 in 1,388) 7\. Hong Kong (1 in 918) 6\. Zurich (1 in 783) 5\. San Francisco (1 in 737) 4\. San Jose (1 in 716) 3\. Singapore (1 in 707) 2\. Geneva (1 in 221) 1\. Monaco (1 in 56) This is the first year Wealth-X has done this study. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/1-out-of-56-people-in-this-city-has-at-least-30-million/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Personal Finance", "item": "https://money.com/personal-finance/" }, { "@type": "ListItem", "position": 3, "name": "Wealth Management", "item": "https://money.com/wealth-management/" }, { "@type": "ListItem", "position": 4, "name": "1 Out of 56 People in This City Has at Least $30 Million" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/1-out-of-56-people-in-this-city-has-at-least-30-million/#webpage", "url": "https://money.com/1-out-of-56-people-in-this-city-has-at-least-30-million/", "name": "1 Out of 56 People in This City Has at Least $30 Million", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2017-12-01T20:41:23.000Z", "mainEntity": { "@id": "https://money.com/1-out-of-56-people-in-this-city-has-at-least-30-million/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/1-out-of-56-people-in-this-city-has-at-least-30-million/#breadcrumb" }, "dateModified": "2024-04-17T07:22:13.000Z" }, { "@type": "Article", "headline": "1 Out of 56 People in This City Has at Least $30 Million", "articleSection": "Personal Finance", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2017/11/171130-city-30-million-monaco.jpg", "width": 4800, "height": 3204, "caption": "171130-city-30-million-monaco" }, { "@type": "ImageObject", "url": "https://img.money.com/2017/12/171130-city-30-million-monaco-2.jpg", "width": 800, "height": 373 } ], "author": [ { "@type": "Person", "name": "Rob Wile", "url": "https://money.com/author/rob-wile/", "@id": "https://money.com/author/rob-wile/#author", "sameAs": [ "https://x.com/rjwile" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2017-12-01T20:41:23.000Z", "description": "Monaco boasts one ultra-high net worth individual, or someone with assets totaling at least $30 million, for every 56 people.", "abstract": "Monaco boasts one ultra-high net worth individual, or someone with assets totaling at least $30 million, for every 56 people.", "@id": "https://money.com/1-out-of-56-people-in-this-city-has-at-least-30-million/", "inLanguage": "en-US", "dateModified": "2024-04-17T07:22:13.000Z", "wordCount": 335, "keywords": [ "ultrawealthy", "Wealth" ], "about": [ { "@type": "Thing", "name": "Personal finance", "sameAs": [ "https://en.wikipedia.org/wiki/Personal_finance" ] }, { "@type": "Thing", "name": "Wealth management", "sameAs": [ "https://en.wikipedia.org/wiki/Wealth_management" ] } ] } ] } ```