Lisbon enters the ranking of the 50 cities with the most millionaires in the world
Lisbon is not just a charming tourist destination with good food and a mild climate. The Portuguese capital has just joined the select group of the 50 cities with the most millionaires in the world, according to the World's Wealthiest Cities Report 2024, prepared by Henley & Partners in partnership with New World Wealth. But what does this data reveal and how can it impact you?
+22 thousand millionaires live in Lisbon today
- 22,200 millionaires (with assets over $1 million)
- 45 centimillionaires (over 100 million dollars)
- 4 billionaires
- Growth of 40% in the number of millionaires in the last 10 years
The significant increase in the number of high net worth individuals draws attention to a new role for Lisbon on the international stage: a city that attracts capital, innovation, investment and quality of life. And this has direct consequences on the real estate market, the economy and, especially, on policies to attract qualified foreigners.
What is behind this growth?
In addition to legal security, a relatively stable political climate and quality of life, Portugal has stood out in recent years with programs such as Golden Visa, which has attracted investors from various parts of the world. Despite recent changes, the country remains one of the main destinations for asset protection and international mobility. Read the full article on here.
Why does this matter to you?
The growing presence of millionaires in Lisbon signals that the country continues to be a strategic territory for:
- Real estate and financial investments
- Asset Protection Planning
- High-level international mobility
- Creation of innovation and entrepreneurship hubs
If people with large fortunes are choosing Portugal, it is because they have found security, tax advantages and opportunities for growth.
Want to know more about asset protection and Golden Visa Portugal? Talk to Martins Castro.
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