London is the most critical city on the planet for the rich, as per the most recent Wealth Report from land counseling firm Knight Frank. Be that as it may, it won’t clutch its title for long.

As indicated by the report, New York is set to overwhelm London as the top city for the affluent in the following decade. Furthermore, Asian urban communities like Singapore, Hong Kong, and Shanghai will likewise turn out to be more critical throughout the following 10 years.

Knight Frank decided its eighth-yearly “worldwide urban areas” positioning in light of four components: monetary movement, political force, personal satisfaction, and impact and power. It additionally considered every city’s populace of ultra-high-total assets people (those with $30 million or more in net resources, barring their main living place), and reactions from a mentality study of riches guides the world over.

“Our outcomes recommend that by 2024 New York ought to surpass London as its offer of the world’s UHNWIs rises and the city turns out to be progressively imperative to Chinese, Russian and even European UHNWIs,” the Knight Frank report finishes up.

The outline underneath shows which urban communities were most vital a year ago and this year, and the determined positioning for 2024.

Screen Shot 2014 04 22 at 11.59.35 AMKnight Frank

The report additionally takes note of an approaching “force battle” among Asia’s top urban communities. “One of the key contrasts, nonetheless, in the middle of Asia and Europe and North America is Asia’s absence of a solitary overwhelming city,” the report says. “This is the reason we are currently seeing the force battle … with Singapore, Hong Kong, Shanghai and notwithstanding Beijing all contenders for the title of future driving Asian city.”

Hong Kong will in the long run overwhelm Singapore in light of the fact that “the strength of China is unavoidable and Hong Kong’s informal part as the entryway between its huge sibling and whatever remains of the world will guarantee the developing predominance of the city throughout the following decade,” Knight Frank closes.

Knight Frank additionally distinguished the five most essential urban communities in every area of the globe, and also five future “hotspots.” Sao Paulo drives the “hotspot” positioning, as its populace of ultra-well off people is set to ascend in the following decade.