article_snippet: Sydney has become one of the world's growing  hotspots for ultra-millionaires, outranking the likes of Moscow and Los Angeles, a new report has revealed.
article_snippet: Sydney has claimed the 14th spot in a survey of 40 of the most important cities in the world for the wealthy by Knight Frank.
article_snippet: Sydney has been listed as one of the world's fastest-growing cities for ultra-millionaires with 764 UHNWIs .
article_snippet: Sydney is home to most of Australia's wealth with 764 UHNWIs, followed by Melbourne at 456, Perth at 267, Brisbane at 249 while Auckland  sits at 557.
article_snippet: Still, Knight Frank's head of research and consulting, Matt Whitby, said that over the past 10 years, Australia has grabbed fourth spot in terms of countries with the greatest foreign inflows of High Net Worth Individuals (HNWIs). '
article_snippet: Of countries with the greatest foreign inflows of High Net Worth Individuals (HNWIs), there were 1,734 UHNWIs living in Australia in 2014, that is, someone with a net worth of over US$30 million.
article_snippet: Sydney currently accommodates almost half of these individuals, with the capital cities of Melbourne (26%), Perth (15%) and Brisbane (14%) taking up the balance.
article_snippet: Sydney has the highest concentration of UHNWIs, and high-profile Australians have maintained high-profile Australians properties across Sydney.
article_snippet: Melbourne topped the second state in the country with 456 Ultra high net worth individuals (UHNWI) in 2015 .
article_snippet: Sydney outranked countries including Madrid (pictured) after claiming the 14th spot of UHNWIS in 2015 .
article_snippet: Sydney is home to most of Australia's wealth with 764 UHNWIs, followed by Melbourne 456 and Perth 267 .
highlights_snippet: Sydney is listed as one of the world's fastest-growing cities for millionaires .
  
highlights_snippet: Sydney home to 764 UHNWIs in 2015 - the most of any Australian city .