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 . 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 . Ultra High Net Worth Individuals ( UHNWIs ) must have a net worth of more than $ 30 million to qualify for membership of the exclusive rich-list . According to a list of Australia 's wealthiest people by BRW , Gina Rinehart , James Packer , Frank Lowy , Harry Triguboff and Anthony Pratt are among some of the country 's richest citizens . Sydney has been listed as one of the world 's fastest-growing cities for ultra-millionaires with 764 UHNWIs . Billionaire Gina Rinehart recently listed her extravagant property in the exclusive Sydney suburb of Mosman . Rinehart has an estimated wealth of $ 20bn , Pratt and family 's wealth is estimated at $ 7bn as is Packer 's and Lowy 's . Triguboff is thought to have a fortune of over $ 5bn . 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 . The Knight Frank Wealth Report 's annual Attitudes Survey found London remains the single biggest centre for global UHNWIs , followed by Tokyo , Singapore and New York . 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 ) . 'Of these HNWIs , there were 1,734 UHNWIs living in Australia in 2014 , that is , someone with a net worth of over US $ 30 million . Sydney currently accommodates almost half of these individuals , with the capital cities of Melbourne ( 26 % ) , Perth ( 15 % ) and Brisbane ( 14 % ) taking up the balance . The report 's Global Cities Survey expanded to 40 cities for the first time , collecting data from 108 major metropolitan centres to rank the UHNWI population numbers . Billionaires James Packer and Anthony Pratt are among the Australia 's high-profile wealthiest residents . Harry Triguboff is the founder and managing director of closely-held Meriton Pty and Australia 's biggest apartment developer . Sydney has the highest concentration of UHNWIs , and high-profile Australians have maintained their properties across the state . Billionaire Gina Rinehart , from Perth , recently listed her extravagant property in the exclusive Sydney suburb of Mosman . Rinehart 's daughter Hope Welker and her husband Ryan previously lived in the stunning harbourside home before moving to New York in 2011 . Billionaire casino mogul James Packer recently revealed his new dream to build the world 's finest luxury six-star hotel Barangaroo in Sydney . Melbourne topped the second state in the country with 456 Ultra high net worth individuals ( UHNWI ) in 2015 . Sydney outranked countries including Madrid ( pictured ) after claiming the 14th spot of UHNWIS in 2015 . Sydney is home to most of Australia 's wealth with 764 UHNWIs , followed by Melbourne 456 and Perth 267 . Football Federation Australia ( FFA ) chairman Frank Lowy is reportedly living in one of Sydney 's affluent suburbs of Point Piper with his family . The Wealth Report 's annual Attitudes Survey studied cities where the wealthy congregate , work , invest , educated and spend their leisure time . 'One of the clear trends to emerge from the Global Capital Markets Survey results is the increasingly global nature of private investments , ' the report said . 'UHNWIs still hold most of their property investments in their own country , but in the vast majority of the locations surveyed , wealthy private individuals have been increasing the amount invested overseas . ' 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 Fransisco . 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 DC . 35 . Boston . 36 . Cape Town . 37 . Auckland . 38 . Buenos Aires . 39 . Rio de Janeiro . 40 . Tel Aviv . Source : Knight Frank .
Sydney is listed as one of the world 's fastest-growing cities for millionaires . Knight Frank survey revealed the world 's top 40 cities for rich dwellers . Ultra High Net Worth Individuals are defined as worth more than $ 30m . Sydney home to 764 UHNWIs in 2015 - the most of any Australians city .