Where the World's Millionaires Live

By Nikhil Hutheesing - 2013-05-30T16:00:09Z

Photograph by Frederic Streicher/Gallery Stock

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4. Hong Kong    

Population: 7.2 million
Percentage of millionaire households: 9.4%

This former British colony is, along with Singapore, one of East Asia's international hubs for finance, trade, real estate and transportation. Hong Kong's economic growth slowed to less than 2 percent in 2012 after growing 5 percent in 2011. Inflation rose by 4.1 percent. Even so, Hong Kong is home to the largest number of billionaires, as well as 231,000 millionaire households. Hong Kong's -- and Asia's -- wealthiest person is Li Ka-Shing, who is worth almost $28 billion, according to the Bloomberg Billionaires Index. He oversees the diversified conglomerate Hutchison Whampoa and real estate company Cheung Kong Holdings.

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