You may spend time thinking about how millionaires make their money, but have you ever wondered how they spend it?
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Wealth and investment immigration consultancy Henley & Partners recently released the top holiday hotspots for millionaires – people with “investable wealth” of $100 million or more.It turns out four of the top five destinations are in the United States
It turns out you don’t have to go too far to live a truly luxurious life. But even if you can leave your passport at home, don’t forget to bring your wallet – you’re definitely going to need it when dealing with those millionaires.
Miami
One of the big reasons millionaires love visiting Miami is that they can spend time with friends. The coastal city is also listed as one of the wealthiest cities by Henley & Partners. This year alone, there has been a 75% increase in high net worth individuals.
If you want to party like the people in The Wolf of Wall Street, you’ve come to the right place. Nightclubs, huge yachts and ocean views make Miami the perfect playground for millionaires.
It’s not just the nightlife that attracts the wealthy, but also the culture. Miami is home to Art Basel, a luxury contemporary art festival in Miami Beach. The prestigious festival attracts the rich and famous, with Kim Kardashian, Bon Jovi and Serena Williams all attending, according to E! It was unveiled at last year’s 20th anniversary expo. information. As well as celebrities, Art Basel welcomes 76,000 visitors from 88 different countries, making it an event whose organizers claim economists estimate bring in $400 to $500 million to the city annually income.
Paris
From the Mona Lisa to Louis Vuitton headquarters to expensive butter, Paris is the cultural capital of the millionaire world.
But it’s not just history and romanticism that attracts the wealthy, but also the food. Paris is one of the cities with the largest number of Michelin-starred restaurants in the world, with nearly 500 starred restaurants listed on the Michelin Guide website.
Naturally, the Frenchman and the millionaire share a mutual respect for good food. So next time you’re in Paris, try making a reservation at the famous Arpège restaurant, where you can enjoy a vegetarian dinner for two for just over 800 euros (approximately $820), according to Bon Appetit.
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Santa Barbara and Montecito
Not only are Santa Barbara and Montecito home to Oprah, John Cleese and Prince Harry, they’re also places where well-heeled tourists flock to experience nature, mountains and beaches.
Many millionaires live and vacation in this area because small California towns have something money can’t buy: perfect weather. You can experience what Architectural Digest calls a “Mediterranean climate” without hopping on a plane to Greece.
Additionally, both Santa Barbara and Montecito are an hour away from Malibu, which is a big plus for the rich and famous who live and vacation there. According to SheKnows, the paparazzi didn’t want to leave their Malibu home base just to see Prince Harry and Meghan Markle having soup (a local restaurateur said the soup was a hit).
Santa Barbara and Montecito are natural havens for wealthy people who want to escape the spotlight.
san diego
San Diego is similar to Santa Barbara and Montecito for its natural beauty. But what makes it another millionaire hotspot is that it has something no rich person can resist: golf courses.
GolfPass said San Diego earned the title of “Best Year-Round Golf City in America” for “compelling reasons.” Torrey Pines is one of the most famous courses, having hosted the U.S. Open and the famous Tiger Woods-Rocco Mediate confrontation.
So dust off your clubs, book some time on the greens, and try to beat golf’s all-time GOAT on his home course.
west palm beach
West Palm Beach got a major upgrade during the pandemic, with millionaires flocking there because of low taxes, Tatler reported. But it’s not just a great place for rich people to live, they also like to use it as a vacation spot. The magazine even refers to it as “Hampton South”—probably because it’s just a short flight away for New York City’s elite.
It’s not just Florida’s low taxes that draw millionaires to West Palm Beach, but what Tatler calls “a throwback to 1950s America,” with its “clean streets” and “uniform architecture.” for features. People uniformly wore pastel golf shirts and shorts with whale prints. These fashions don’t exactly fit the California or Miami vibe, but they’re everywhere in this old-school beach town.
So it makes sense that West Palm Beach also has some of the best luxury shopping. The millionaire-studded Royal Poinciana Plaza is lined with palm trees and seating areas, offering easy access to Cartier, Hermès and Oscar de la Renta. When you visit West Palm Beach, you’ll want to make sure your credit card is locked and loaded.
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This article provides information only and should not be considered advice. It is provided without any warranty of any kind.