Wealthy people have the freedom to live wherever they like, but many choose cities where they have access to the business, investing, and lifestyle opportunities they desire. The latest Knight Frank City Wealth Index – built around three categories – wealth, investment and lifestyle – features “the usual suspects” as well as some up-and-coming cities. The rankings take into account the population size of a city’s high-net-worth individuals (HNWIs) – those with more than US$1 million in net assets – and ultra high-net-worth individuals (UHNWIs) – those with assets worth more than US$30 million. Hong Kong now boasts more super-millionaires than New York In terms of UHNWIs, London has the largest population with 4,944, an increase of 582 over the past five years, the most of any city. For HNWIs, Tokyo reigns supreme with 488,582, although New York has seen the highest growth with an additional 55,434 HNWIs. The index also considers investment opportunities, tallying major commercial and residential property investments by private individuals and family offices. The measure factors in the total volume of investment and the diversity of investors in terms of nationality. North American cities dominate for private investment, occupying six of the top 10 spots in this category, with New York in top place. But London remains top for diversity of investors. Which 3 places do the world’s wealthiest people like to call ‘home’? Finally, the ranking reflects several lifestyle factor, including the number and quality of universities, the safety of the city, and the volume of five-star hotels and leading restaurants. Two cities dominate this category: London and Tokyo. London leads, owing to the high number of five-star hotels – 76 – and the number and quality of its universities. Tokyo ranks highest for luxury dining and is the safest city according to the Economist Safe Cities Index. Check out the top 20 cities on the index, in descending order: Hong Kong tops list of world’s most visited cities in 2018 20. Amsterdam, The Netherlands Wealth rank: 48 Investment rank: 14 Lifestyle rank: 10 19. Atlanta, US Wealth rank: 21 Investment rank: 10 Lifestyle rank: 37 18. Washington, US Wealth rank: 50 Investment rank: 5 Lifestyle rank: 9 17. Munich, Germany Wealth rank: 10 Investment rank: 20 Lifestyle rank: 34 5 island cities to visit, including Singapore – home of ‘Crazy Rich Asians’ 16. San Francisco, US Wealth rank: 29 Investment rank: 23 Lifestyle rank: 8 15. Seoul, South Korea Wealth rank: 7 Investment rank: 35 Lifestyle rank: 18 14. Beijing, China Wealth rank: 3 Investment rank: 37 Lifestyle rank: 20 13. Frankfurt, Germany Wealth rank: 6 Investment rank: 17 Lifestyle rank: 35 Trying to avoid expensive dinners while travelling? 12. Berlin, Germany Wealth rank: 34 Investment rank: 12 Lifestyle rank: 12 11. Paris, France Wealth rank: 10 Investment rank: 42 Lifestyle rank: 6 10. Toronto, Canada Wealth rank: 18 Investment rank: 18 Lifestyle rank: 19 9. Tokyo, Japan Wealth rank: 28 Investment rank: 19 Lifestyle rank: 5 What are the world’s 12 most expensive vegetarian ingredients? 8. Sydney, Australia Wealth rank: 27 Investment rank: 6 Lifestyle rank: 16 7. Shanghai, China Wealth rank: 8 Investment rank: 23 Lifestyle rank: 15 6. Chicago, US Wealth rank: 19 Investment rank: 8 Lifestyle rank: 7 5. Los Angeles, US Wealth rank: 13 Investment rank: 3 Lifestyle rank: 13 How to have a blast in Singapore without breaking the bank 4. Singapore Wealth rank: 5 Investment rank: 9 Lifestyle rank: 1 3. Hong Kong, China Wealth rank: 3 Investment rank: 3 Lifestyle rank: 4 Will Jeff Bezos’ marital break-up be the most expensive divorce ever? 2. New York, US Wealth rank: 1 Investment rank: 1 Lifestyle rank: 3 1. London Wealth rank: 1 Investment rank: 2 Lifestyle rank: 1 Want more stories like this? Sign up here . Follow STYLE on Facebook , Instagram and Twitter This article originally appeared on Business Insider .