“An estimated US$84 trillion is expected to transfer between generations over the next two decades,” comments Kelcie Sellers, Associate Director, Savills World Research. “As this wealth passes to a younger, more globally mobile and digitally connected generation, priorities are evolving, with lifestyle, education, wellness, and personal values increasingly influencing where they choose to live, invest and establish their business.”

New York, which tops the global ranking, benefits from an unrivalled concentration of talent, capital and business opportunity, alongside international schools, luxury retail, Michelin-starred dining and high-end hospitality. Other leading hubs in the region include Miami (2^nd), San Francisco (4^th) and Los Angeles (5^th). Lifestyle-driven destinations are also gaining appeal, including mountain resorts such as Aspen (22^nd) and Vail (27^th), as well as popular weekend retreats such as Palm Beach (20^th) and The Hamptons (21^st). As wellness, experiences, flexibility and quality of life become increasingly important priorities, these destinations are likely to see their appeal continue to grow.

London ranks third globally. Other leading European destinations include Monaco (9^th), Geneva (11^th), Paris (13^th) and Milan (14^th). Destinations across Southern Europe and the Alps are also gaining ground, offering a high quality of life and increasingly supporting year-round living.

Despite a backdrop of geopolitical tension and heightened uncertainty, Abu Dhabi (8^th) and Dubai (10t^h) continue to rank among the world’s leading wealth destinations. Across the Gulf region, economic diversification, intergenerational wealth transfer and long-term capital deployment are becoming increasingly important. Asia Pacific is home to six locations in the global top 30, highlighting the region’s growing importance as both a centre of wealth creation and wealth management. Singapore (6^th) and Hong Kong (7^th) lead the region, followed by Tokyo (12^th), Shanghai (18^th), Bangkok (25^th) and Kuala Lumpur (29^th).

The Great Wealth Transfer is reshaping the geography of wealth and creating new opportunities for property markets. As capital moves across generations and borders, residential demand is also changing. The role of residential property is evolving: it is no longer viewed solely as a means of capital preservation, but increasingly as a way to support the lifestyle of wealth holders and their families. Residential real estate must now deliver more than capital preservation alone. It must support how wealth holders and their families want to live, work, travel, connect and plan for the future.

The Savills Next-Generation Wealth Hubs Index provides insight into the locations best placed to attract and retain the next generation of high-net-worth individuals, defined as those under 40 who have recently made or inherited their wealth, or are poised to benefit from the Great Wealth Transfer. The report analyses more than 100 destinations and is based on four overarching pillars: business, governance and connectivity; wealth clusters and local environment; wealth management and taxation; and lifestyle. The index draws on 48 indicators to compare established global wealth hubs and lifestyle destinations, highlighting the locations best placed to balance business opportunity, wealth preservation, connectivity and quality of life.