The most important cities in the world for the super-rich

Which are the hottest cities for the world's ultra-wealthy? Global real estate consultant Knight Frank broke them down for us in its 2015 Wealth Report.

The report ranks the top 40 cities for "Ultra High Net Worth Individuals," meaning anyone with a net worth of $30 million or more. The ranking looks at business links, economic activity, quality of life, and the number of other super-rich people who live there.

"In short, these are the cities where the wealthy congregate, work, invest, are educated and spend their leisure time," the report says.

In other years, New York has been number one, but this year London edged it out. Several of the top 10 cities are in Asia.

Here's the full list:

1. London
2. New York
3. Hong Kong
4. Singapore
5. Shanghai
6. Miami
7. Paris
8. Dubai
9. Beijing
10. Zurich
11. Tokyo
12. Toronto
13. Geneva
14. Sydney
15. Taipei
16. Frankfurt
17. Moscow
18. Madrid
19. San Francisco
20. Vienna
21. Milan
22. Los Angeles
23. Jakarta
24. Munich
25. Amsterdam
26. Mumbai
27. Dublin
28. Johannesburg
29. Istanbul
30. Kuala Lumpur
31. São Paulo
32. Mexico City
33. Berlin
34. Washington, D.C.
35. Boston
36. Cape Town
37. Auckland
38. Buenos Aires
39. Rio de Janeiro
40. Tel Aviv

SEE ALSO: The 11 cities with the most opportunity right now

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