wealth | Bellissimo Law Group https://www.bellissimolawgroup.com Toronto Immigration Lawyers Canada Mon, 30 Dec 2024 17:49:17 +0000 en-CA hourly 1 Toronto has been ranked the 13th wealthiest city in the world! https://www.bellissimolawgroup.com/toronto-has-been-ranked-the-13th-wealthiest-city-in-the-world/ Fri, 16 Feb 2018 14:49:13 +0000 https://www.bellissimolawgroup.com/?p=29319 Toronto sits on a list of the most affluent cities in the world thanks to a South Africa-based market research firm that specializes in global wealth migration called New World Wealth (NWW)....

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]]> Toronto sits on a list of the most affluent cities in the world thanks to a South Africa-based market research firm that specializes in global wealth migration called New World Wealth (NWW). According to their 2018 Global Wealth Migration Review released this month, Toronto is the 13th wealthiest city on earth.

Total wealth, as defined by NWW, refers to “the private wealth held by all individuals living in each city”. This list only includes assets like property, cash, equities and business interests of Torontonians with assets of $1 million USD or more. Government funds are explicitly excluded from the agency’s reports.

See below for the 15 wealthiest cities in the world:

1. New York (US$3.0 trillion)
2. London (US$2.7 trillion)
3. Tokyo (US$2.5 trillion)
4. San Francisco Bay Area (US$2.3 trillion)
5. Beijing (US$2.2 trillion)
6. Shanghai (US$2.0 trillion)
7. Los Angeles (US$1.4 trillion)
8. Hong Kong (US$1.3 trillion)
9. Sydney (US$1.0 trillion)
10. Singapore (US$1.0 trillion)
11. Chicago (US$988 billion)
12. Mumbai (US$950 billion)
13. Toronto (US$944 billion)
14. Frankfurt (US$912 billion)
15. Paris (US$860 billion)

To read more, click here.

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]]> Study Shows Large Number of Wealthy Canadians are Immigrants https://www.bellissimolawgroup.com/study-shows-large-number-of-wealthy-canadians-are-immigrants/ Thu, 13 Jun 2013 14:27:38 +0000 http://www.bellissimolawgroup.com/?p=13715 In a recent study conducted by BMO, research determined that nearly half of the wealthiest Canadians are immigrants or first generation Canadians with at least one parent born outside the country. The...

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]]> In a recent study conducted by BMO, research determined that nearly half of the wealthiest Canadians are immigrants or first generation Canadians with at least one parent born outside the country.
The survey sampled 305 Canadians with a wealth of $1-million or more investable assets and found that not only did immigrants make up almost half of the sample, but two-thirds of the sample included self-made millionaires.
In contrast, a similar study conducted in America showed that new immigrants accounted for only one-third of the country’s millionaires.
But not only were immigrants a significant percentage of the survey, women too also made up a large number of wealthy Canadians, roughly one-third, up from 21% just three years ago.

Contact us to see how we can help you immigrate to Canada!

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