Join on WhatsApp
Join on Telegram
Rabat – Marrakech featured this year among the cities that are becoming increasingly popular among the world’s super-wealthy, according to research from the consultancy firm Henley & Partners (H&P).
Marrakech appeared on the list alongside Dubai and Kigali as emerging cities in the Middle East and Africa for the ultra-wealthy.
H&P research indicated that the three cities have experienced “strong wealth growth” over the past decade separating 2012 and 2022.
In a report, H&P explains that Marrakech is becoming “an increasingly popular retirement hotspot for Moroccan and European high-net-worth individuals. Marrakech is also home to flourishing luxury real estate and hotel sectors.”
H&P data suggests that the number of super-wealthy individuals residing in Marrakech grew by 55% between 2012 and 2022. The Moroccan city is now home to 900 millionaires, 8 centi-millionaires (individuals with a network of $100 million), and two billionaires.
Casablanca and Tangier also appeared on an H&P ranking for fastest growing cities for the ultra-wealthy. Casablanca saw a 28% growth in the number of high-net individuals between 2012 and 2022; the city is currently home to 2,800 millionaires, 14 centi-millionaires, and 2 billionaires.
Meanwhile, Tangier saw a 33% surge in the number of high-net individuals. The northern Moroccan city currently holds 700 millionaires and 3 centi-millionaires.
High-net individuals refer to individuals with a personal net worth of $1 million dollars or more. As of December 2022, the world held 15 million such individuals.
Leading the way in H&P’s ranking of the cities with the wealthiest individuals in the world is New York. The US financial capital is currently home to 340,000 millionaires, 724 centi-millionaires, and 58 billionaires.
Second on the list is Tokyo with 290,300 millionaires, 250 centi-millionaires, and 14 billionaires.
Read Also: Marrakech Ranks 9 Among World’s Top 21 Luxury Destinations for 2016
