19 Luxurious Destinations That The Rich And Famous Always Visit

The lifestyle of the rich and famous includes fabulous vacations. Take a look at the beautiful, luxurious places where wealthy people love to go.

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Updated 2023 List Of Popular Holiday Destinations Celebrities Love Visiting

  • Vacationing like the rich and famous means enjoying luxurious resorts and exclusive destinations that most people have never heard of.
  • Some top vacation spots of the elite include St. Moritz in Switzerland, Copacabana in Brazil, Necker Island in the British Virgin Islands, Lake Como in Italy, the Hamptons in the USA, Cabo San Lucas in Mexico, Hvar in Croatia, Monaco, and Bora Bora in French Polynesia.
  • These destinations offer stunning scenery, private beaches, exclusive dining and entertainment venues, and even the chance to spot a celebrity or two while on vacation.

One of the privileges that come with being rich and famous is getting to vacation in some of the most exclusive destinations on the planet. Having a healthy bank account and a well-known name means you can escape to exotic locations that most people haven’t even heard of and be pampered in some of the best resorts in the world.

Scattered all over the globe, the top vacation spots of the elite boast some of the prettiest scenery. They are also home to exclusive dining and entertainment venues, isolated and private beaches, and the filming locations of blockbuster hits.

Wondering where do rich people vacation? Check out these 19 luxurious destinations that the rich and famous always visit.

UPDATE: 2023/08/06 22:35 EST BY TANVI AKHAURI

What better way to make a trip more memorable than by spotting a celebrity or two while holidaying? Stars and famous personalities keep returning to some select travel destinations that are the very definition of luxurious comfort and relaxation. Travel like a celebrity to these popular destinations around the world where the rich vacation.

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Hotel Astoria Palace

Saba rock resort, albergo terminus hotel, montauk manor, montage los cabos, heritage hotel park hvar, port palace, conrad bora bora nui, hôtel les palmiers, royal st. kitts hotel, grand hotel açores atlântico, the st.regis aspen resort, asty mykonos hotel & spa, the elser hotel miami, marriott resort palm jumeirah, karma sanctum soho hotel, st. moritz, switzerland.

The vacation destinations of the rich and famous tend to resemble tropical island oases, but they can also be the stark opposite. St. Moritz in Switzerland is one such example. One of the most highly acclaimed ski destinations on the planet, St. Moritz is located in the Albula Alps and was the first place to boast both the first ski lift and the first electric light.

Not only do the rich and famous frequently vacation here but it was also used to film a couple of James Bond movies, including The Spy Who Loved Me .

  • Recommended tour: Tour Bernina Red Train and St Moritz
  • Duration: 13 hours
  • Cost: From $124.83 per adult

Book this tour

Via Somplaz 17, 7500 St. Moritz, Graubunden

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Copacabana, Brazil

Arguably Brazil’s most famous beach, Copacabana is definitely the place to go if your goal is to spot a celebrity or two. Among the faces who have been seen visiting the Copacabana Palace hotel, which is one of the most lavish in the world, are Miley Cyrus, Tom Cruise, and the late Princess Diana.

Copacabana is all about flaunting your body in the trendiest swimwear and spending hours soaking up the sun. Topless bathing is prohibited, but people still strip down to barely-there swimsuits and look as comfortable as ever while doing it.

  • Recommended tour: 3-hour Sailing Experience in Rio
  • Duration: 3 hours
  • Cost: From $50 USD per adult

Av. Atlantica 1866, Rio de Janeiro 22021-001

Necker Island, British Virgin Islands

Necker Island is owned by billionaire Richard Branson, who is worth around $5.1 billion. One of 60 islands in the British Virgin Islands, Necker is truly a destination for the wealthy. Branson has turned his island into an all-inclusive resort. Kate Moss spent her 40th birthday here, and it was also where Google co-founder Larry Page celebrated his nuptials.

You can book a room in this isolated paradise, too, for a cool starting price of $5,000. If you want to rent the whole island, it will cost you $80,000 a night.

  • Recommended tour: Magic Mangrove Paddle in Beef Island Lagoon
  • Duration: 2 hours and 30 minutes
  • Cost: From $90 USD per adult

North Sound, Spanish Town VG1150

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Lake Como, Italy

Made famous for being home to George and Amal Clooney, Lake Como won the title of the Most Beautiful Lake in the World in 2014. Today, the Clooneys spend approximately four months out of the year in their $10 million mansion by the lake, Villa Oleandra.

The lake is lined by several exclusive resorts, just in case you don’t have millions to splash on a home in the area. The days here are usually spent taking in the colorful hillside villages, absorbing the local culture, and partaking in activities such as boating and golfing.

  • Recommended tour: Lake Como, Bellagio, and Varenna
  • Duration: 11 hours
  • Cost: From $84.88 USD per adult

Lungo Lario Trieste 14, 22100 Como, Como

The Hamptons, USA

Home to beaches of white sand, high-end restaurants and bars, luxurious resorts, and designer boutiques, the Hamptons is one of the top playgrounds of the rich and famous in the United States. The East Coast destination provides a relaxing escape from the busy action of New York City and is one of the most popular locations for summer vacations.

If you’re ever in the Hamptons, you might bump into Beyoncé and Jay-Z and their brood, the Clintons, or even Calvin Klein, since they all own property in the area.

  • Recommended tour: Full-Day Private Tour to Hamptons with Pickup
  • Duration: 8 hours
  • Cost: From $1,248.3 per adult ( Depending on group size)

236 Edgemere Street, Montauk, NY 11954

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Cabo San Lucas, Mexico

One of the reasons that the elite tend to flock to Cabo San Lucas is its natural beauty. The Mexican destination is home to Lover’s Beach, which is straddled by both the volatile Pacific Ocean and the secluded Sea of Cortez.

Cabo San Lucas seems exclusive since it’s only reachable by boat, but it is still a popular tourist destination, so expect crowds of affluent visitors. In the past, the likes of Jennifer Lopez and Justin Bieber have been spotted catching some rays here, and it has even been featured in the Real Housewives franchise as a luxury vacation location.

  • Recommended tour: Los Cabos luxury sailing, snorkel, and lunch cruise
  • Duration: 4 hours
  • Cost: From $139 USD per adult

Carretera Transpeninsular Km 12.5 Int, 23450 Cabo San Lucas, Baja California Sur

Hvar, Croatia

Croatia is one of Europe’s gems that many travelers still haven’t added to their bucket lists. With more and more people flocking to see Dubrovnik after the coastal city was made popular by the HBO series Game of Thrones , it seems that the upper echelons prefer the island of Hvar.

In the past, superstars like Tom Cruise and Giorgio Armani have been spotted living it up on the island. Prince Harry has also been spotted visiting the nightclubs and bars that are located on the island, while Jacqueline Kennedy visited back in the 1960s.

  • Recommended tour: Five Island Speedboat Tour Featuring the Blue Cave and Hvar
  • Duration: 10-12 hours
  • Cost: From $99.86 USD per adult

Bankete BB, Hvar 21450

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Situated on the French Riviera, Monaco is one of the most famous destinations for the upper classes. Come here, and you’ll be met with an array of yachts, world-class restaurants, lavish casinos, and some of the best hotels on the planet. Monaco is tax-free, so people tend to go all out here. It’s not for the conservative!

While Monaco is known for its opulence, it’s also a destination that’s rich in history. Visitors can stroll through charming cobblestone streets, which are lined with historic buildings, and soak up the unique ambiance.

  • Recommended tour: Ferrari Sports Car Experience from Monaco
  • Duration: 30-60 minutes
  • Cost: From $187.75 USD per adult

7 Avenue J-f Kennedy, Monaco

Bora Bora, French Polynesia

Bora Bora in French Polynesia is one of the most popular destinations for honeymooning when it comes to the rich and famous. One of the most famous honeymoons to take place here was that of Jennifer Aniston and Justin Theroux after their nuptials in 2015. They also brought along friends Courtney Cox, Chelsea Handler, and Jason Bateman on a private jet to share in the celebrations.

If you want pristine views of tranquil lagoons and lush tropical gardens while mixing with the world’s elite, Bora Bora is the place to go.

  • Recommended tour: Full Day Lagoon Group Tour in Bora Bora with Lunch
  • Duration: 6 hours
  • Cost: $142.27 USD per adult

BP 502 Vaitape, Vaitape

Saint Tropez, France

Another popular destination on the French Riviera, Saint Tropez, has been the go-to getaway of the affluent for decades. The coastal town starred on the world stage when the film And God Created Woman , featuring Brigitte Bardot, was filmed here. After that, visitors began to arrive by private jet full.

Packed with high-end restaurants and exclusive beach clubs, Saint Tropez has been known to host an array of celebrities in its many world-class hotels. Visit here, and you just might run into Bill Gates, Steven Spielberg, or even one of the Kardashian sisters.

  • Recommended tour: Full Day Private Yacht Charter in the Bay of St Tropez
  • Cost: From $1,797.56 per group ( up to 8)

34 Boulevard Vasserot, 83990 Saint-Tropez, Var

This beautiful Caribbean destination is known for its white sandy beaches and turquoise-blue waters. St. Kitts is also distinguished by its laid-back atmosphere. It's a luxury destination that the rich and famous visit to stay at major hotel brands such as Marriott and Hyatt. People spending a vacation on this gorgeous island are sure to enjoy the most elevated experience ever.

  • Recommended tour: St. Kitts Zipline Experience
  • Duration: From $99 USD per adult
  • Cost: 2 hours

406 Zenway Blvd., Basseterre

Azores, Portugal

This area is made up of nine Portuguese volcanic islands found in the Atlantic Ocean between Portugal and the United States. The rich and famous come to the Azores to hike and bike around the area, enjoy the beautiful vistas, and explore many attractions in this iconic hidden gem.

  • Recommended tour: Azores Whale Watching and Islet Boat Tour
  • Duration: From $54.93 USD per adult
  • Cost: 3 hours

Avenida Infante D. Henrique 113, 9500-150 Ponta Delgada, Azores

Aspen, Colorado

Aspen is one of the most famous and expensive alpine resort towns in the United States. It is famous for attracting celebrities and the wealthy. Aspen was a silver mining boom town but now has transformed into an exclusive destination for the well-off.

Still, if one can afford it, it can be fun to go skiing in Aspen's upmarket ski resorts . That being said, good luck finding an affordable Airbnb option in Aspen (and Airbnb is considered one of the more affordable options for Aspen ).

Marriott International

315 East Dean Street, Aspen, CO 81611

Capri, Italy

Capri is a stunning island just off the coast of Naples. This island is as fantastically beautiful as it is notoriously expensive. It is one of the favored exclusive wealthy getaways in Italy (the cost of visiting alone is enough to make it exclusive). Capri is one of the world's oldest getaways and was a tourist resort all way back to the days of the Romans. People on a budget can find it affordable if they take the ferry there and back for a day trip to the island.

Via Provinciale Marina Grande 168, 80073 Capri, Naples

Related: 10 Scenic Things To Do In Capri, Italy

Mykonos, Greece

Greece is a wellspring of island getaways and among these, one of the best places to escape to is Mykonos. Once described by The Guardian as "a playground for the rich and famous," Mykonos is as charming as it is luxurious in its hospitality and landscapes. Besides the traditional Greek allure of the island, the parties here are legendary. The likes of Leonardo DiCaprio, George Clooney, Beyoncé, and the Hemsworth brothers have walked the iconic whitewashed locales of Mykonos.

New Periferal Road of Mykonos, Mykonos 846 00

Miami, Florida

American stars don't have to travel too far to get to Miami, a perfect summer escape that proves itself to be the crowning jewel of Florida year after year. The beach town has long been preceded by its reputation for wild partying as well as laidback coastal lifestyles that the high and mighty of showbiz love to indulge in. A visit to Miami is a sure-shot way to come face to face with a famous person, with many even keeping residence here. It will be of some interest to millennials to know that pop music heartthrob Enrique Iglesias lives in Miami!

398 Northeast 5th Street, Miami, FL 33132

Dubai is synonymous with opulence, and therefore it's no surprise that this city of wonders in the United Arab Emirates has been a favorite travel destination for upper-class fliers for years. From splurging heavily at Dubai's luxury hotels to exploring the city's unique adventures , there is much that celebrities can do in Dubai, which keeps them coming back to this beautiful holiday haven. Join the VIP league of stars like David Beckham, Shah Rukh Khan, and Roger Federer on a trip to Dubai!

Palm West Beach, Palm Jumeirah Road, Dubai

Las Vegas, Nevada

Does Las Vegas even need an introduction? With a star-studded legacy that shines as bright as Vegas' famous casinos , Nevada's Sin City has long been a hub of entertainment that brings celebrities out to play -- or perform. Some of the best luxury hotels in Vegas have played host to iconic singers like Elvis Presley and Celine Dion for long-term residencies, which only grew the city's reputation of being a great destination for celebrity spotting . The city's charms have kept stars like Ben Affleck, who even married Jennifer Lopez here, returning frequently. Fans of "The Hangover" will need little convincing to take a Vegas trip with their pals!

3770 Las Vegas Boulevard South, Las Vegas, NV 89109

London, United Kingdom

Posh, luxurious, chic: London is everything (and more) that makes it an attractive holiday destination for celebrities from around the world. The British capital's enduring appeal comes from the variety of experiences it offers all travelers. From catching top-rated shows in the West End to indulging in the city's massive shopping culture or checking out Britain's historic attractions , there is much to do in London that will keep every tourist, rich or not, coming back for more. One would be hard-pressed to find a Hollywood celebrity who hasn't taken at least one trip to this land of royalty; of course, British stars will be found in abundance here. Don't be surprised to see Elton John or Kate Moss dining at the next table!

20 Warwick Street, London, W1B 5ND

These are the 10 hottest destinations billionaires are traveling to in 2020

  • Billionaires can afford vacations many will never experience.
  • Business Insider teamed up with  luxury travel  agency  Original Travel  to find the hottest spots  billionaires are heading to in 2020.
  • Billionaires are seeking less-traveled destinations and places that offer intimate luxury cruise experiences, but they're also interested in a few more popular countries.
  • Visit Business Insider's homepage for more stories.

Insider Today

Billionaires are always on-the-go, even when they're vacationing.

Business Insider teamed up with boutique  luxury  travel agency  Original Travel , which plans trips for high-net-worth individuals, to find out the hottest spots the elite are spending their money on in 2020. They based this ranking on the number of bookings and performance; the latter was assessed by feedback, their expertise, and client inquiries.

Overall, billionaires are seeking out the unknown and the exclusive, from off-the-beaten path Kyrgyzstan to Nicaragua, newly removed from the FCO travel warning list. They're also looking to set sail, opting for intimate luxury cruises in far-flung destinations like the Maldives and Antarctica.

While they seem to have a taste for the exotic, they're also headed to the Middle East and Europe to visit a few more well-traveled countries.

Here are the destinations the ultra-wealthy will be checking off their bucket lists in the new decade.

10. Nicaragua

most richest tourist

With Nicaragua removed from the FCO travel warning list in 2019 , it's set to welcome international visitors once again, Tom Barber, cofounder of Original Travel, told Business Insider. "Nicaragua has everything that we love so much about Costa Rica, but with fewer tourists and — as it's the largest country in Central America — more space to get off the beaten track," he said.

Its city of Granada has an edge over cities in neighboring countries, he added, for its colonial appeal, pastel-colored baroque buildings, and rich Spanish architecture.

9. Kyrgyzstan

most richest tourist

Barber foresees an increase in tourism in Uzbekistan next year since it ditched its visa requirements for travelers from 45 countries including the UK. As such, he expects more intrepid travelers looking for somewhere untouched will head to neighboring Kyrgyzstan. 

The country is home to mountains, Silk Road sites, and a nomadic culture. "We're seeing a rise in people wanting to go off-grid, digitally detox, and taste the kind of wilderness that is as yet still untouched, untamed, and untainted by tourism," Amelia Stewart, brand ambassador for Original Travel, told Business Insider. "Kyrgyzstan ticks those boxes, and also makes a fantastic combination tour with neighbouring Uzbekistan. It's a country on the cusp of discovery but not for much longer."

8. Maldives

most richest tourist

Original Travel has seen a 396% increase in bookings in the Maldives for 2020, Barber said. It's largely because of the luxurious Four Seasons Explorer, a floating resort that only hosts a maximum of 22 guests. 

Original Travel and Four Seasons teamed up to send the luxury catamaran to the remote southern atolls for the first time, hopping across the Maldives' most secluded islands and exploring some of the least visited dive sites, Barber said. 

The Maldives is also home to plenty of luxury resorts. Baros Maldives, which includes 77 ultra-luxurious villas, has been dubbed the "World's Most Romantic Resort" by  World Travel Awards for four years in a row, and six times total, reported Business Insider's Katie Warren . And the adults-only Kudaadoo Maldives Private Island was named the best new luxury hotel of 2019 .

most richest tourist

February is going to be prime-time for travel to Jamaica, thanks to "reliably good weather" and the 75th birthday anniversary of Jamaican native Bob Marley, according to Barber.

It's also home to plenty of luxury hotels, he said, such as the five-star Goldeneye, once home to James Bond creator Ian Fleming; cliffside resort Strawberry Hill; and Geeham, which has its own recording studio — Gwen Stefani, Drake, and Alicia Keys have stayed there, according to Oyster .

6. Antarctica

most richest tourist

"2020 marks 200 years since Nathaniel Palmer laid claim to the discovery of the Antarctic mainland, making it an iconic year for all Antarctic travel," Barber said. Travelers are interested in the exclusive experience of  the Magellan Explorer , an expedition vessel built for the Antarctic and the first small passenger ship to offer single cabins that launched in 2019.

More than 55,000 tourists visited Antarctica  in the 2018-2019 season — an 18%-plus increase from a decade prior, according to data from the International Association of Antarctica Tour Operators. Most visitors come from the US, China, Australia, and the UK, many of them  on luxury cruises ,  reported Warren .

most richest tourist

Israel has seen several new transportation and hospitality openings set to make it a hot destination next year, according to Barber: Ramon airport, which opened in January 2019, "created an international gateway" to the Red Sea and Eilat; Virgin Atlantic launched a new daily service from Heathrow to Tel Aviv in September 2019; and Six Senses, a five-star luxury resort chain, is set to open in the Negev Desert in February 2020.

"Tel Aviv has seen a recent influx in tourism and from that, an increased demand in luxury hotels," Galit Heller, director of sales and marketing at  The Jaffa , a five-star hotel in Tel Aviv, previously told Business Insider . "With an increased popularity, and a previous lack in the luxury hospitality scene, we see many luxury hotels popping up across Tel Aviv."

most richest tourist

Barber has seen a 150% increase in 2020 bookings for Chile. He thinks it's partly because a solar eclipse is set to happen in the country on December 14, 2020, passing through the Chilean Lake District. The area offers a lot of opportunity for adventure, including hiking, horseriding, kayaking, and fishing, he said.

It's also a perfect spot for luxury seekers:  Business Insider's David Slotnick  stayed at Easter Island's primary all-inclusive luxury hotel, Explora Rapa Nui, and found his stay to be "phenomenal."

"Less traditional luxury — no white tablecloth breakfasts served on your private balcony overlooking the ocean — Explora offers the luxury of being able to let go of planning and logistics without sacrificing choice or personalization," Slotnick wrote.

most richest tourist

Egypt was the top destination for billionaires in 2019 and remains a top spot in the new decade. That's all thanks to the long-awaited re-opening of The Grand Egyptian Museum and Steam Ship Sudan, a cruise that glides down the Nile between Luxor and Aswan. Original Travel exclusively chartered the steamer for ten days during October 2020 to celebrate the film adaptation of Agatha's Christie's "Death on the Nile."

Egypt is steeped in history, with plenty of archaeological sites, temples, and tombs, and has numerous luxury offerings, from dining restaurants in Cairo to beach resorts along the coast of the Red Sea.

2. Portugal

most richest tourist

"Just as 2019 seemed to be all about discovering hidden Greece, in 2020, eyes will turn to lesser-known Portugal," Barber said. "Currently famous for the Algarve and golf, travelers are starting to wake up to how much more the country has to offer."

Millennials favored the country in 2019 for its charming neighborhoods and buzzing nightlife, and now it seems that the wealthy are picking up on the hot spot as well.

The capital of Lisbon is home to the Bairro Alto neighborhood, where the eponymous luxury hotel recently reopened, and a "food scene that befits the hometown of star chef, Nuno Mendes," Barber added. Just south of Lisbon is Comporta, which has a "boho surfing vibe," and to the west are Portugal's Azore Islands, which have been compared to "a warm Iceland" for their dramatic volcanic landscape, Barber said.

most richest tourist

September 2020 marks the 400th anniversary of the Mayflower Voyage and founding of Plymouth Colony. As such, the UK will be hosting cultural and artistic events throughout the whole year to celebrate, and Barber expects it to attract wealthy travelers.

Original Travel has been working on developing a tailor-made itinerary for history buffs to tour all the artistic gems and properties that played a role in leading up to the Mayflower sailing.

London, the country's capital city, is home to a number of luxury hotels including Claridge's, The Connaught, and The Dorchester.

most richest tourist

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22 of the Most Expensive Vacations You Can Take

most richest tourist

When money is no object, the entire world becomes a destination. Whether you’ve recently won the Powerball, inherited a fortune, or just started feeling a hole burning in your pocket, there are endless reasons to start researching a (gilded) bucket list trip.

The Pikaia Lodge in Ecuador

Pay homage to evolution with a stay on Darwin’s favorite archipelago, the Galapagos. The Pikaia Lodge was “designed for the environmentally conscious, physically active and adventurous traveler,” and is centrally located to allow easy access to all of the islands.

Guests can dine at the lodge’s restaurant on the edge of a crater or wander around the facilities and come face-to-face with a giant tortoise. A week's stay in the lodge’s pool suite starts at $10,205 per person.

North Island in Seychelles

Vacation like George and Amal Clooney at this private island resort. There are only 11 villas, ensuring that it’s possible to get far, far away from the rest of the world. The Villa North Island is the most exclusive at the resort, available at about $11,000 per night. Within the villa’s 8,000 square feet there’s a series of wooden decks, a coconut grove, and even a private entrance to a secluded beach. And for what it’s worth: Rumor has it that Will and Kate honeymooned here, too.

The Post House at Post Ranch Inn in Big Sur, California

The wealthy clientele who stay at the Post Ranch Inn generally do so to escape the rest of the world while enjoying views of the Pacific Ocean. The luxury resort’s most expensive accommodation takes these wishes up to the next level, with an added dash of coziness. Guests at the Post House have unparalleled views of the ocean, whether that’s through the floor-to-ceiling windows from their beds or across the horizon from their private jacuzzis. The room is available for $4,350 per night.

Wilderness Safaris Bisate Lodge in Rwanda

The newly opened Bisate Lodge sits directly next to Rwanda’s Volcano National Park. The secluded location only has six villas, all designed to resemble the palaces of traditional Rwandan monarchs, featuring a central fireplace and decks overlooking the nearby volcanoes. Guests can opt to help in the lodge’s reforestation project and contribute to conservation efforts for Rwanda’s mountain gorillas. Rooms start at $1,100 per person per night.

White Desert “Greatest Trip” to Antarctica

For those who want an ultimate luxury vacation but don’t have much time to spend, White Desert offers a one-day trip to Antarctica. Starting off from Cape Town, guests board a Gulfstream Private Jet and set off for the icy continent. Travelers have about eight hours to explore, ending in a gourmet champagne dinner. The entire trip lasts less than 24 hours but will set you back $195,000.

Tierra Patagonia in Chile

The reason to travel to Tierra Patagonia is clear. Its large, spacious windows frame an unobstructed view of the mountains in Torres del Paine National Park. The “luxury adventure” hotel encourages guests to cozy up on the couch with a glass of Chilean wine to enjoy the view after a day of hiking. The hotel’s all-inclusive suite starts at $3,400 per person per night for a double occupancy.

The Hilltop Villa at Laucala Island Resort in Fiji

High atop Fiji’s Laucala Island, there’s a $44,000-per-night villa where guests can experience the ultimate in secluded luxury. The villa sits far away from the rest of civilization and it’s only accessible via private road on an already private island. However, even the uber-wealthy might not be able to get in here: A reservation requires approval by the island’s owner.

The Penthouse Apartment at the Hotel Georges V in Paris, France

One of Paris’s most famous luxury hotels is home to one of the city’s most iconic views. From the private balcony of the penthouse apartment at the Hotel Georges V, there’s an unobstructed view of the Eiffel Tower across the Seine — ideal for photo shoots or romantic gestures. Inside the hotel suite, there’s a flurry of luxe features, including a marble infinity bathtub. The room starts at about $26,500 per night.

Necker Island

Vacation like Richard Branson and Barack Obama on Necker Island. The private island in the British Virgin Islands has a variety of wildlife and will set guests up with scuba, waterskiing or sailing gear to go explore it all. It’s available from $80,000 per night for up to 34 guests — or, you know, just you and the former president of the United States of America.

Villa Manzu in Costa Rica

This estate spread across five acres of isolated peninsula into the Pacific Ocean. There are only eight suites on the entire property, ensuring serenity. Guests also have access to the villa’s wine room, stocked with sommelier-chosen bottles and award-winning cigars. And for those who care about celeb standards: earlier this year the Kardashian clan stayed at the lodge for their Costa Rican vacation. It’s available to rent starting at $16,500 per night.

Africa House at The Royal Malewane at Greater Kruger National Park in South Africa

Glampers on safari can elect to stay at this air-conditioned house, complete with four-poster beds in all six rooms. After a day of tracking down the Big Five with a private game ranger and tracker, guests can have a meal cooked by their private chef or head to the resort’s spa for a massage. Accommodations start at about $15,000 per night for up to eight guests — although it’s also possible to rent out the entire resort for $51,000 per night.

Fogo Island Inn in Canada

It’s not cheap to reach the end of the world. Travelers who want to reach this boutique hotel at the end of the world (a remote island in Newfoundland, Canada) can either go on a timely journey or charter a helicopter ride in. Once they’ve arrived, guests can join a sponsorship program where they’re matched with locals to understand the area’s culture or instead relax in one of the hotel’s rooftop hot tubs. Fogo Island Inn’s most exclusive lodging, called the Flat Earth suite, only reveals its price upon request — although it’s rumored to be somewhere in the $3,100 per night range.

Chalet Zermatt Peak in Zermatt, Switzerland

After hitting the slopes, wealthy skiers can escape to this luxury five-star chalet with 13 friends. It comes equipped with a Michelin-starred gourmet chef, ready to whip up apres-ski treats, and two in-house massages per day. A weeklong stay at the chalet starts at about $57,000 but can reach up to $191,000, depending on the season.

Sail an Omani Dhow at Six Senses Zighy Bay in Oman

Set sail on a restored Omani Dhow , a sailboat reminiscent of the golden age of Arabian voyages. Guests board the ship from the Six Senses Zighy Bay and set sail through the Musandam fjords, stopping in secluded fishing villages and private bays. It’s possible to book a spa therapist, cooking classes with the chef or dives in the bay aboard the Dhahab . It costs $22,000 for a three-day, two-night itinerary on the boat.

Maharajah’s Pavilion at Raj Palace in Jaipur, India

This extravagant four-floor apartment has its own private entrance and private elevator, which guests can ride all the way to the top. On the last floor, there’s a rooftop terrace, complete with a jacuzzi and panoramic views of Jaipur. And to really feel like a king, there’s a private museum on the second floor displaying the Old Throne and Bolsters of the Thakur Sahib. The palatial suite is available from $15,000 per night.

Royal Penthouse Suite at the President Wilson Hotel in Geneva

This exclusive hotel suite is often acknowledged as the most expensive in the world and the biggest in Europe. For $80,000 per night, guests have access to 12 rooms and over 5,500 square feet of space. However the crowning feature of the suite is the wraparound terrace with views of the Alps over Lac Leman.

Presidential Suite at the Hotel Principe di Savoia in Milan, Italy

The ultimate in Italian opulence is perhaps best personified by the presidential suite at the Hotel Principe di Savoia. The suite comes complete with chandeliers, velvet furniture and even an iconic in-suite swimming pool. It’s available from $20,000 per night.

Alang Alang Chateau in Cannes, France

For those who would rather not deal with hotels, this “Balinese retreat” in Cannes is a luxurious escape for up to 15 of your closest friends. The villa comes with its own picturesque pool and staff, but perhaps the most memorable feature is the dinosaur skull displayed in the living room. The property’s available starting at about $41,000 per night.

The Royal Suite at the Burj al Arab in Dubai

The Burj al Arab is often referred to as the world’s most expensive hotel. Those who want to stay in the most expensive room at the world’s most expensive hotel should reserve one of the Royal Suites on the 25th floor. The suite has two master bedrooms, each with their own jacuzzi. The entryway is decked out in marble and gold and a grand staircase leads to the suite’s upper level. You can book it starting at $9,000 per night.

Golden Eagle Trans-Siberian Express

The Trans-Siberian railway is one of the most storied train lines in history. Golden Eagle’s luxury journey traverses the iconic Russian tracks in glamour. Accommodations onboard the train rival a hotel, with heated floors in the bathroom, laundry service and a plush bar car, complete with a resident pianist on the baby grand. Prices for the 15-day journey start at $30,995 for the Imperial Suite.

Suite 5000 at the Mandarin Oriental in New York City

You won’t find any information about the Suite 5000 on the Mandarin Oriental’s website. It’s only available to those in the know. Located on the hotel’s 50th floor, a night in the suite is almost like staying in a sleek, expertly-curated museum of New York culture. The walls are lined with an exhibition of New York City-inspired art and the living room is stocked with records that follow the city’s music scene back to the 1930s. Rumor has it the suite starts at $36,000 per night.

Two Story Sky Villa at the Palms Casino Resort in Las Vegas

Perched above the chaos of the Las Vegas strip, wealthy travelers can relax in the cantilevered pool that extends out over the balcony at the Palms Casino Resort. All 9,000 square feet of the Sky Villa are a study in swanky sexy — right down to the round bed with matching mirror on the ceiling. The suite will set visitors back at least $20,000 per night.

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35 jaw-dropping places the rich and famous spend the holidays.

Ben Walker, CEPF, CFEI®

This article was subjected to a comprehensive fact-checking process. Our professional fact-checkers verify article information against primary sources, reputable publishers, and experts in the field.

35 Jaw-dropping Places the Rich and Famous Spend the Holidays

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Part of the fun of having lots of money is getting to spend it on travel to luxurious destinations around the world. From snowy mountains to sandy beaches, the options for holiday vacations are endless for affluent travelers. But that doesn’t mean you have to be rich to travel to these places, though it certainly doesn’t hurt.

If we can learn anything from the simple things that millionaires do , it’s that they’re smart and careful with their money. What does that mean for everybody else? For starters, creating a vacation fund or using one or more of the best travel credit cards can help you take the holiday trips you’ve always dreamed of without costing nearly as much as the millionaires are spending. It may take a little dedication and discipline, but the effort will be well worth it when you’re relaxing or having fun in your ideal location by next year at this time.

To inspire you to start making smart money moves, here’s how you can vacation like the rich and famous — and 35 exotic and amazing places where they’re spending their time.

How you can vacation like the rich and famous

35 places the rich and famous spend the holidays, bottom line.

If you want to vacation like you’re rich or famous, take advantage of credit cards and their valuable benefits. When you compare credit cards , you’ll find many travel cards provide especially useful perks and benefits that can enhance the luxury level of your travel experiences.

Here are a few ways you can use credit cards to improve your travels:

  • Earn rewards. Travel credit cards earn points or miles that you can redeem for nearly free flights, hotel stays, and more. These rewards take the stress out of paying for travel and you can even travel in ultra-luxury using points and miles .
  • Skip the airport lines. If you use your credit card’s complimentary TSA PreCheck or Global Entry fee reimbursement, you’ll be eligible for expedited screening processes at many U.S. airports. The rich and famous never wait in line, right?
  • Get hotel benefits. The best hotel credit cards offer quality hotel benefits, such as automatic elite status at top hotel brands, which can bring a number of perks and freebies.
  • Get lounge access. Priority Pass membership and/or Amex Centurion Lounge  access are free benefits on certain credit cards. That could translate to a more relaxing time at the airport or even free drinks and meals.

St. Kitts

As far as Caribbean vacations go, it’s hard to beat the island of St. Kitts. Turquoise-blue waters and white, sandy beaches are commonplace throughout the Caribbean, but St. Kitts’ laid-back atmosphere is especially inviting.

For a true St. Kitts luxury trip , be sure to check out popular lodging options from major hotel brands such as Hyatt and Marriott. This will ensure you have the most elevated experience possible while on this gorgeous island.

Monaco

Although it may seem like Monaco is a city in France because of its location along the French Riviera, it’s actually a sovereign city-state filled with rich residents. The entire area of Monaco is less than 1 square mile, but that doesn’t stop rich visitors from frequenting the tiny country throughout the year. Popular activities include boating, gambling, and watching the annual Monaco Grand Prix.

Lake Como, Italy

Lake Como, Italy

Located north of Milan and close to the Swiss border, Lake Como is a famously luxurious destination. Picturesque villas dot the hilly landscape along the shores of the lake, which creates a pleasant and romantic atmosphere. One of the most famous part-time residents of Lake Como is George Clooney, who’s been seen on many occasions spending time in the area close to his villa.

Lake Tahoe, United States

Lake Tahoe, United States

For a visit to a lake perhaps closer to home, consider the Lake Tahoe paradise that straddles the California and Nevada state lines. This huge freshwater lake is a popular destination for all kinds of activities, including snowboarding, skiing, boating, biking, hiking, and more. The beautiful water and beaches with the backdrop of the Sierra Nevada mountains provide the ideal environment for outdoor enthusiasts.

Swiss Alps, Switzerland

Swiss Alps, Switzerland

There’s no confusion as to why this area attracts visitors from all over the world because the scenery and ambiance are self-explanatory. If you want to feel like you’ve stepped straight into a fairytale setting, plan a visit to a resort in the Swiss Alps. Pristine mountain lakes, towering cliffs, and sprawling meadows are all part of the welcoming sights, and they pair well with the top-class resort amenities available in the area too.

The Hamptons, United States

The Hamptons, United States

Far to the east on Long Island, New York, you’ll find the group of communities known collectively as The Hamptons. This area has long been known for the number of celebrities and rich individuals who own homes here. For the rich and famous who want to get away from the hustle and bustle of New York City, The Hamptons provide a welcome retreat of green grass, trees, beaches, and a lot more living space than a Manhattan loft.

Azores, Portugal

Azores, Portugal

The Azores are a grouping of nine Portuguese volcanic islands located in the Atlantic Ocean between the U.S. and Portugal. As with many island destinations, you can expect beautiful vistas as you hike or bike around the area. Not many people live in the Azores and it’s a bit of a hidden gem considering how popular many other islands are for tourists around the world. But this is exactly why people are starting to take notice of the beauty of the Azores and the abundance of activities available for visitors.

Ibiza, Spain

Ibiza, Spain

The Mediterranean island of Ibiza may be known for its intense party scene, but there’s more than the vibrant nightlife that attracts travelers. Blue waters and sandy beaches with mild-to-hot weather year-round is nothing short of optimal if you like to relax outside while catching some sun. Plus, there’s plenty of space to spread out and go exploring around the more than 220 square miles of UNESCO World Heritage land if you want to get away from the crowds.

Paris, France

Paris, France

The iconic City of Light can’t help but attract tourists from every reach of the globe. You have the Eiffel Tower, the Louvre Museum, the Arc de Triomphe, and many other famous landmarks to visit. In addition, it’s hard not to fall in love with the history and culture around every corner as you walk the city’s streets, trying authentic French cuisine. You don’t need to opt for luxury in Paris, but there’s plenty of opportunities to do so if that’s what you want.

Hawaii, United States

Hawaii, United States

Hawaii is a much-loved island destination for Americans and other travelers alike. There’s no other state within the continental U.S. that can really compare to the unique aspects of Hawaii, whether it’s the traditional Hawaiian culture or the diverse range of flora and fauna found throughout the islands. Because Hawaii is located in the middle of the Pacific Ocean, it feels like you’re traveling to another country from the U.S. But because Americans are still in the same country, you don’t need a passport or have to exchange any currency.

Oman

Oman is located along the Arabian Sea and borders both Yemen and the United Arab Emirates. Although the UAE is home to the super-modern cities of Dubai and Abu Dhabi, not as much is known about Oman. Still, Oman is also home to its fair share of popular seaside resorts and hotels where travelers can enjoy high-quality amenities and experiences while enjoying their scenic surroundings.

Seychelles

The East African island country of Seychelles is located in the Indian Ocean, about 1,000 miles east of Kenya. The climate in the Seychelles islands is pleasant year-round, rarely reaching any extreme hot or cold temperatures. This makes it easy to enjoy the many beaches and hiking trails around the islands as you get outdoors. Or you can simply enjoy the views as you relax by the pool at one of the many available resorts and hotels.

Aspen, United States

Aspen, United States

The area of Aspen, Colorado, is known for its Rocky Mountain peaks, prime skiing, and luxurious villas. As a ski resort town, Aspen is bustling with visitors during the ski season, though there’s still plenty to do and see the rest of the year as well. Cozy mountain lodges provide the perfect retreat in any season, whether it’s a home base for skiing, hiking, or simply enjoying the majestic scenery.

Bora Bora, French Polynesia

Bora Bora, French Polynesia

The island of Bora Bora in French Polynesia may be exactly what you think of when you daydream about a picture-perfect island getaway. Overwater bungalows , white sand beaches, and crystal clear water are all part of your typical day in Bora Bora. Considering its isolated location, this is definitely a more luxurious destination filled with superior hotel options.

Necker Island, British Virgin Islands

Necker Island, British Virgin Islands

When one of the world’s most famous billionaires, Sir Richard Branson, owns a private island and opens it up for visits to the public, you know it’s going to be a luxurious hot spot. Part of the British Virgin Islands, Necker Island is a Caribbean paradise that’s typically hot and sunny all year. Wildlife abounds on the island, including lemurs, flamingoes, and tortoises. It isn’t a huge island, but the amenities can more than make up for the lack of space.

Saint-Tropez, France

Saint-Tropez, France

Located conveniently between Nice and Marseille along the French Riviera, Saint-Tropez is a coastal town famous for its beaches and luxurious accommodations. You can indulge in decadent gastronomic experiences, stay in dreamy hotels or guest houses, and even rent a yacht if you want. It’s no wonder the rich and famous are attracted to this particular French town.

Maldives

For an island getaway you won’t soon forget and will likely never want to leave, consider a trip to the Maldives, far off the southern coasts of Sri Lanka and India. The Maldives are an island paradise built almost entirely on tourism, so they strive to provide an especially luxurious experience for any visitors to their island nation. You can expect high-class amenities and accommodations at the many available resorts. This is also a prime location for experiencing the wonder of staying in an overwater bungalow.

Napa and Sonoma, United States

Napa and Sonoma, United States

Napa and Sonoma Counties in California comprise a popular wine region in the U.S. that people like to say resembles the famous Tuscany region of Italy. In some ways it does, but that shouldn’t take away from how unique and pleasant it is to visit either Napa or Sonoma. These areas provide world-class wine tours and are home to multiple Michelin-starred restaurants.

Greece

Greece has a huge amount of travel appeal for a variety of reasons. The mild climate and amazing Mediterranean food are a couple reasons, but you also have a sense of ancient history and mythology that’s built into the entire area. Not to mention it’s simply a beautiful place to visit. You can explore the nightlife of Mykonos, relax on the beaches of Santorini, or walk through history in Athens. There’s something for everyone, so it’s easy to do what you want.

South Tyrol, Italy

South Tyrol, Italy

The province of South Tyrol, Italy, has quickly become a dream destination for international travelers. Here, you can find the UNESCO World Heritage Site of the Dolomites mountain range, which creates a sensational backdrop for skiers, hikers, and photographers. The area is also rich in local South Tyrolean products, like apples, wine, milk, and smoked ham. So if you want an amazing atmosphere to enjoy quality goods, this is the place to be.

Fiji

Fiji is a country in the South Pacific that consists of 333 tropical islands. Because it’s more of a remote destination, Fiji can be a difficult place to visit, though there are direct flights from the U.S. If you decide to make the journey, it’s sure to be worth it. The climate is sunny and tropical, with warm temperatures for most of the year. Plus, the people of Fiji are known for their happy and inviting nature, which is a huge bonus when traveling to any foreign country.

Los Cabos, Mexico

Los Cabos, Mexico

On the very tip of the Baja California peninsula in Mexico, you’ll find Los Cabos, an area of beautiful beaches, stunning scenery, and high-class living. Many rich Americans like to visit this area because of its close proximity to the U.S. and the many available amenities provided by the seaside resorts. Swimming, surfing, horseback riding, ATV rides, and much more await anyone who’s interested when they visit Los Cabos.

London, United Kingdom

London, United Kingdom

The capital of England is a modern city filled with rich history and architecture. It has everything you’d expect in a large city, including favorite landmarks like Big Ben, Buckingham Palace, the London Eye, and more. In addition, there’s no shortage of luxurious accommodation options and top-class dining experiences.

Whistler, Canada

Whistler, Canada

The town of Whistler, British Columbia, is located just north of Vancouver and is home to the famous Whistler Blackcomb ski resort. The magic of Whistler Village and world-class skiing in the winter are some of the main attractions here, though there’s plenty to keep you occupied the rest of the year as well. Bear viewing tours, bike tours, hiking, and rejuvenation retreats are sure to evoke multiple senses, whether it’s peace, joy, wonder, or something else.

Mallorca, Spain

Mallorca, Spain

Although it’s close to Ibiza, the Balearic island of Mallorca is much larger in terms of landmass and population. Mallorca is a natural paradise filled with caves, springs, waterfalls, and beaches. It’s a popular destination for going out and exploring, though the capital city of Palma provides an ideal location for shopping, dining, and nightlife activities.

Iceland

Since the moment Iceland appeared on the map as a world travel destination, it hasn’t let up in popularity. Volcanos, black sand beaches, waterfalls, hot springs, and the aurora borealis all work together to create a unique location that never ceases to amaze. The fact that Iceland is also situated in a location that’s not too far from either the U.S. or the rest of Europe makes it an ideal travel destination for all types of people.

Cape Cod, United States

Cape Cod, United States

The Atlantic Ocean can provide some rough waters and storms along the New England coastline, but that hasn’t stopped droves of travelers from heading to Cape Cod every summer. In some ways, the area of Cape Cod provides the getaway from Boston that The Hamptons do for residents of New York City. An idyllic laid-back lifestyle, plenty of seafood, and lots of beaches await Cape Cod visitors.

Morocco

The North African country of Morocco sits directly across the Strait of Gibraltar from Spain, which brings a European influence into some Moroccan cities. If you decide to visit Morocco, take your pick of beautiful landscapes and landmarks. Be sure to explore Medina of Marrakesh, a UNESCO World Heritage Site, take in the sights and sounds of the port city of Tangier, and marvel at the colorful buildings of Chefchaouen.

Montenegro

The Balkan country of Montenegro is starting to increase in popularity due to its location along the Adriatic Sea and proximity to the popular destination of Croatia. Much of what makes Croatia a big travel hot spot is what’s also appealing about Montenegro. You have picturesque coastal towns, medieval-themed villages, and great natural landscapes. The fortified town of Kotor is especially appealing if you're looking for a visit to the coast with stunning mountain views.

Tuscany, Italy

Tuscany, Italy

If you’ve ever been to the Tuscany region of Italy, it’s hard to not want to immediately return. Florence and Pisa are located here, but it’s the wine-filled countryside that really captures the imagination and hearts of passing travelers. The hilly landscape and dreamy atmosphere evoke a deep sense of romanticism that make you feel inspired. And that’s all before you’ve even tried the local Tuscan dishes.

Miami, United States

Miami, United States

Miami is a bustling metropolis located in Southeastern Florida along the Atlantic coastline. It’s a popular vacation spot because of its lively nightlife, beautiful beaches, and warm weather. In fact, the temperature rarely gets cold enough to feel uncomfortable, especially if you’re used to living in chillier climates.

Kenya

The East African country of Kenya has become a famous destination for natural safaris where you can see unique African wildlife like elephants, lions, giraffes, wildebeests, and more. And even though you might think you’d be hoofing it in the wild, there’s no shortage of luxury in Kenya. Luxury safaris make sure you’re as comfortable as possible while enjoying the scenery, and the capital city of Nairobi is no stranger to high-class accommodations.

Guiyang China at Jiaxiu Pavilion

The country with the second-highest number of millionaires in the world is a prime location for the rich and famous. Cities like Hong Kong, Shanghai, Beijing, and others provide fantastic areas to go exploring or to relax in an excellent hotel or resort. They also have everything you’d want in the form of modern amenities, so that’s nothing to stress about. In addition, China has a much larger population than the U.S., so you can expect much bigger cities throughout China than you’d find in North America.

Las Vegas, United States

Las Vegas, United States

A global destination for fun-filled entertainment and loads of conventions, Las Vegas is unlike any other city in the world. It’s not often you have a major tourist destination pop up in the middle of nowhere and thrive, but that’s exactly what happened with Las Vegas. And although it’s often a playground for high-rollers, Las Vegas can also be a generally inexpensive place to visit that also caters to families.

Bordeaux, France

Bordeaux, France

Bordeaux is famous for both its historic architecture and its importance as a wine-growing region within France. Located in southwestern France, close to the Atlantic coast, Bordeaux offers visitors the opportunity to enjoy fine wines at their source. Take tours of the local wineries and vineyards and then enjoy food from any of the many Michelin-starred restaurants in the area.

Although every location on this list benefits from visits by rich and famous travelers, these places aren’t solely meant for people with fame or fortune. If you take advantage of credit card rewards and benefits, you can also travel to exotic locations and have luxurious experiences.

In many ways, the best credit cards for the wealthy can also be the best credit cards for any traveler. You don’t necessarily need a lot of money to use these cards, but the benefits they provide can help you travel as if you have a lot of money.

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Ben Walker, CEPF, CFEI®

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Ultimate Luxury Travel Guide: World’s 20 Most Expensive Vacation Spots

Monaco The Luxury Capital: World's 20 Most Expensive Vacation Spots

Are you a connoisseur of luxurious travel? Then buckle up and embark on an extravagant journey with our Ultimate Luxury Travel Guide: World’s 20 Most Expensive Vacation Spots. Discover the crème de la crème of travel destinations, each offering a unique blend of opulence, serenity, and exclusivity. Trust us, your wanderlust will thank you later!

Table of Contents

List of 20 Most Expensive Holiday Destinations in the World

Ever wondered what makes a vacation spot so exorbitantly priced? It’s a blend of unique experiences, world-class accommodations, and unparalleled services. Let’s jump right in and explore what these glamorous destinations have in store for you!

1. St. Barts, Caribbean: The Tropical Paradise

St. Barts, Caribbean

What Makes St. Barts So Luxurious?

From pristine white beaches to the deep blue sea, St. Barts screams luxury. Known for its extravagant villas, high-end boutiques, and gourmet restaurants, this Caribbean gem is a favorite among the rich and famous.

Experiences Not To Miss in St. Barts

In St. Barts, every day can be a unique adventure. Set sail on a luxury yacht, explore the vibrant marine life through scuba diving, or simply bask in the sun at one of the island’s many secluded beaches. The cherry on top? Enjoying a private dinner by a renowned chef as the sun sets over the Caribbean Sea.

2. Ibiza, Spain: The Ultimate Party Haven

Ibiza, Spain

Why is Ibiza a Favorite Among the Glitterati?

Ibiza is a land where luxury and vibrant nightlife walk hand in hand. With its world-renowned clubs, premium beach resorts, and stunning sea views, Ibiza draws in the party-loving elite from all corners of the world.

Must-Experience Highlights of Ibiza

Party at the world’s most famous clubs, dine at Michelin-starred restaurants or charter a private yacht for a day of sun-soaked fun. Ibiza never falls short when it comes to providing exclusive experiences.

3. Seychelles: The Untouched Beauty

Seychelles

Seychelles: An Unmatched Island Luxury

Arching across the sapphire waters of the Indian Ocean, Seychelles boasts a fascinating blend of pristine beaches, vibrant wildlife, and luxe resorts. The tranquil islands offer a spectacular escape that is nothing short of a luxury lover’s dream come true.

Exquisite Experiences in Seychelles

From hiking in lush rainforests, and spotting rare wildlife, to pampering yourself in a beachfront spa, Seychelles is all about living the island life in style. As you enjoy the breathtaking views of the sunset, indulge in a beachside seafood feast prepared by top-notch chefs.

4. Tokyo, Japan: Modern Luxury Amidst Tradition

Tokyo Japan

Tokyo: Where Tradition Meets Luxury

Tokyo, the heart of Japan, is a city that flawlessly merges traditional charm with cutting-edge modernity. Its array of high-end hotels, Michelin-starred restaurants, and top-of-the-line shopping destinations make it a desirable spot for luxury travelers.

Tokyo’s Top Luxe Highlights

Experience Tokyo’s vibrant life with private tours of historic temples, taste exquisite sushi prepared by renowned chefs or enjoy a panoramic view of the city from your suite in a skyscraper. Luxury in Tokyo is all about unique and unforgettable urban experiences.

Taj Mahal Agra

5. St. Moritz, Switzerland: The Alpine Retreat

St Moritz, Switzerland

Why St. Moritz is Synonymous with Alpine Luxury

Nestled in the Swiss Alps, St. Moritz is the epitome of alpine luxury. Its world-class ski resorts, Michelin-star restaurants, and upscale boutiques create a glamorous playground for the world’s elite.

Unforgettable Experiences in St. Moritz

Whether it’s skiing on the pristine slopes, rejuvenating in world-class spas, or indulging in gourmet dining with a view of snow-capped mountains, St. Moritz promises an Alpine retreat like no other.

6. Dubai, UAE: The City of Gold

Burj Khalifa, Dubai

Dubai: A Testament to Opulent Luxury

Dubai , with its towering skyscrapers, luxurious hotels, and gourmet culinary scene, is a testament to modern luxury. From its state-of-the-art amusement parks to its expansive shopping malls, Dubai truly lives up to its moniker “The City of Gold”.

Extravagant Experiences in Dubai

Dine at underwater restaurants, embark on a private desert safari or shop from the world’s top luxury brands in Dubai. One of the most unforgettable experiences? A panoramic view of the cityscape from the Burj Khalifa, the tallest building in the world.

  • 6 Days Dubai Travel Package
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7. Amalfi Coast, Italy: The Glamorous Italian Escape

Amalfi Coast, Italy

Amalfi Coast: An Epitome of Italian Luxury

The Amalfi Coast, with its dramatic cliffs, sparkling blue seas, and charming villages, offers a luxurious slice of Italian life. Its upscale resorts and villas, Michelin-starred restaurants, and world-class shopping make it a magnet for luxury travelers.

Chic Experiences on Amalfi Coast

Hop on a private yacht tour to explore secluded beaches, dine in high-end restaurants offering spectacular sea views, or visit historic sites with your personal guide. The Amalfi Coast, undoubtedly, is all about the “La Dolce Vita”.

8. Udaipur, India: The Royal Retreat

Pichola Lake Udaipur Rajasthan

Udaipur: A Royal Indian Luxury

Udaipur , the city of lakes in India, is a mesmerizing blend of history, culture, and luxury. Its palatial hotels, majestic architecture, and royal heritage make it a luxurious retreat for those who wish to experience Indian royalty.

Regal Experiences in Udaipur

Stay in luxurious palaces-turned-hotels, enjoy royal feasts in regal dining rooms, or take a private boat ride on the serene Lake Pichola . Udaipur is the epitome of royal luxury, making your trip an unforgettable royal retreat.

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9. Bora Bora, French Polynesia: The Overwater Bliss

Puka Shell Beach Boracay, Philippines

Bora Bora: A Paradise of Overwater Luxury

Bora Bora, with its overwater bungalows, azure lagoons, and lush landscapes, is a dreamy paradise for luxury travelers. Its seclusion and natural beauty make it one of the most desired and expensive vacation spots in the world.

Heavenly Experiences in Bora Bora

Experience ultimate relaxation in overwater spas, enjoy private sunset cruises or dive into the clear waters to explore the vibrant marine life. In Bora Bora, every moment feels like a dream.

10. New York, USA: The Urban Luxury

New York, USA

New York: The City that Defines Luxury

From luxury skyscraper hotels to high-end dining and shopping, New York defines urban luxury. This bustling city, with its unique blend of culture, fashion, and business, is a hotspot for luxury travelers around the globe.

Deluxe Experiences in New York

Enjoy a helicopter ride over the city, dine in world-renowned restaurants, or book a private tour of the city’s iconic landmarks. In New York, luxury knows no bounds.

11. Paris, France: The City of Lights and Luxury

Eiffel Tower Paris France

Paris: Where Romance Meets Luxury

The charm of Paris goes beyond its iconic landmarks and into its luxurious lifestyle. With a selection of world-class hotels, Michelin-starred restaurants, and the best of haute couture, Paris is a haven for luxury travel.

The Luxurious Side of Paris

Experience a private tour of the Louvre, indulge in gourmet French cuisine, or shop at renowned fashion houses on Champs-Élysées. A night at the opera, or a cruise on the Seine? In Paris, luxury is synonymous with everyday life.

12. Maldives: The Private Island Escape

Maldives

Maldives: Luxury Amidst Azure Waters

Known for its white sandy beaches and clear turquoise waters, the Maldives takes luxury to a new level with its private island resorts. It’s not just a tropical paradise, but a destination offering personalized luxury experiences.

The Maldivian Luxury Experience

Stay in plush overwater bungalows, dine under the stars on the beach, or indulge in underwater spa treatments. An exclusive seaplane ride or a private yacht trip? The Maldives offers a luxurious experience unlike any other.

  • 3 Nights 4 Days Maldives Package
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13. Monaco: The Luxury Capital

Monaco The Luxury Capital: World's 20 Most Expensive Vacation Spots

Monaco: A Synonym for Opulence

Monaco, the playground of the rich and famous, is a synonym for luxury. From super yachts, and luxury casinos, to prestigious events like the Monaco Grand Prix, this small city-state on the French Riviera is truly a luxury capital.

Living the High Life in Monaco

Attend high-profile events, gamble in renowned casinos, or dine in Michelin-starred restaurants. Perhaps a yacht trip along the Riviera or a luxury shopping spree? Monaco offers a taste of the high life.

14. Aspen, USA: The Luxurious Winter Wonderland

Aspen, USA

Aspen: A Blend of Luxury and Nature

Aspen, with its luxury ski resorts and beautiful landscapes, offers a perfect blend of nature and luxury. This winter wonderland is a top spot for celebrities and luxury travelers looking for a glamorous winter getaway.

Experiencing Luxury in Aspen

Ski on exclusive slopes, enjoy apres-ski in high-end resorts or dine in gourmet restaurants. A private snowmobile tour or a hot air balloon ride over the snowy mountains? Aspen provides a luxury winter experience like no other.

15. London, England: The Royal Luxury

London, United Kingdom

London: A City with Royal Luxe

London, with its historical grandeur and high-end lifestyle, offers a unique luxury experience. From royal palaces and gourmet dining to prestigious events and luxury shopping, London is a city that embraces luxury at every corner.

London’s High-End Highlights

Enjoy private tours of iconic landmarks, dine-in gourmet restaurants, or catch a West End show in style. Maybe a private viewing of the Crown Jewels or high tea at Harrods? London’s luxury is all about refinement and class.

16. Santorini, Greece: A Dreamy, Luxurious Escape

Santorini, Greece

Santorini: The Iconic Greek Luxury

With its white-washed houses and stunning sunsets, Santorini is one of the most romantic and luxurious Greek islands. Its beautiful resorts, gourmet restaurants, and stunning vistas make it a perfect destination for luxury seekers.

Luxurious Experiences in Santorini

Embark on a private yacht tour to explore hidden coves, indulge in wine-tasting sessions, or relax in a luxury villa overlooking the Aegean Sea. In Santorini, the luxury experience is as captivating as the island’s beauty.

17. Las Vegas, USA: The City of Sin and Luxury

Las Vegas, USA

Las Vegas: Luxury in the Heart of the Desert

Las Vegas, famous for its vibrant nightlife and high-end casinos, is a luxury oasis in the desert. Its extravagant hotels, Michelin-starred restaurants, and world-class entertainment make it a playground for the luxury traveler.

Living it Up in Las Vegas

Experience the thrill of high-stakes gambling, enjoy luxury shopping, or see a world-class show. How about a helicopter tour over the Strip or a private pool cabana at a top-tier hotel? In Las Vegas, you can truly live it up in style.

18. Ibiza, Spain: Luxury in the Party Capital

Ibiza: More than a Party Island

Ibiza might be known for its energetic nightlife, but it also offers an array of luxury experiences. Its beautiful beaches, high-end resorts, and gourmet dining options make it a luxurious spot for those who seek more than just a party.

Indulging in Ibiza’s Luxury

Relax at a beach club, sail on a private yacht, or dine in a cliffside restaurant overlooking the sea. Even if you’re not into partying, Ibiza’s luxury offerings are sure to delight.

19. Los Angeles, USA: The Luxury of the Stars

Los Angeles USA

Los Angeles: Living the Luxe Life

Los Angeles, the city of stars, offers an array of luxurious experiences. From Beverly Hills hotels and Rodeo Drive shopping to Hollywood parties and Malibu beach houses, LA is all about the luxe life.

Experiencing LA’s Luxury

Shop like a star, enjoy a private tour of Hollywood, or dine in celebrity-favorite restaurants. Why not rent a luxury beach house or go for a ride in a classic convertible? In LA, you can live like the stars.

20. Singapore: Asian Luxury at its Finest

Marina Bay Sand, Singapore

Singapore: A Beacon of Modern Luxury

Singapore , with its stunning skyline and top-tier comforts, is a beacon of modern luxury. Its luxurious hotels, gastronomic delights, and high-end shopping districts make it one of the most desirable luxury destinations in Asia.

Singapore: The Ultimate Luxury Experience

Stay in an overwater villa, enjoy fine dining at rooftop restaurants, or shop at Orchard Road’s luxury boutiques. A private tour of Gardens by the Bay or a night safari? Singapore offers a unique blend of natural and urban luxury.

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This brings us to the end of our “Ultimate Luxury Travel Guide: World’s 20 Most Expensive Vacation Spots”. Each destination offers a unique blend of experiences and luxury that caters to every discerning traveler’s taste. So, which of these destinations will be your next luxury getaway?

FAQs: Your Ultimate Luxury Travel Queries Answered

Why should I consider a luxury vacation?

A luxury vacation allows you to experience the best of what the travel world has to offer. It provides top-tier accommodation, exquisite dining, personalized services, and exclusive experiences that can create unforgettable memories.

What makes these vacation spots luxurious?

Each of these vacation spots offers a unique combination of high-end accommodations, world-class dining, personalized experiences, and often a stunning natural or urban backdrop. From private island resorts and overwater bungalows to royal palaces and skyscraper suites, these destinations provide an unmatched level of luxury.

Are these luxury vacation spots worth the cost?

It all boils down to personal preference. For those who value exquisite experiences, personalized service, and high-end comforts, these vacation spots offer a level of luxury that justifies the cost. It’s not just about the physical aspects, but also about the unique memories and experiences you gather.

How can I make the most of my luxury vacation?

The key to making the most of your luxury vacation is to embrace the unique offerings of each destination. This could involve dining at a local Michelin-starred restaurant, going on a private yacht tour, or simply enjoying the view from your luxury suite. Remember, a luxury vacation is all about indulging in experiences that make you feel special.

Is the “Ultimate Luxury Travel Guide: World’s 20 Most Expensive Vacation Spots” suitable for family trips?

Absolutely! While these destinations certainly cater to couples and solo travelers, many of them offer family-friendly experiences and accommodations as well. Whether it’s exploring the theme parks in Dubai, going on a wildlife safari in South Africa, or enjoying a family ski trip in Aspen, there’s something for every family in this luxury travel guide.

What is the best time to visit these luxury destinations?

The best time to visit depends on the specific destination and your personal preferences. Generally, it’s best to visit during the shoulder seasons when the weather is favorable, and there are fewer tourists. However, for some destinations like ski resorts or tropical islands, the high season can offer the best experiences.

Can I book these luxury vacations online?

Yes, most of these luxury vacations can be booked online. Many luxury resorts and travel companies offer online booking options. However, for a completely tailored experience, you might want to consider reaching out to a luxury travel advisor.

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These Are the 10 Richest Cities in the World

Here’s where all the billionaires live.

The data for the world’s wealthiest cities came from global citizenship firm Henley & Partners ; their report measured just how fast millionaire growth has increased in the past 10 years across major cities all around the globe. It’s also interesting that many of these cities allow easier immigration based on larger sums of investment, which gives millionaires and billionaires a leg up over other foreign citizens. To find this list, Henley & Partners hired New World Wealth , a global intelligence firm, to collect data from 97 cities across nine regions worldwide. The report ranked the cities based on the spending habits of over 150,000 high-net-worth individuals, emphasizing those with over $10 million in investable assets. Of the 10 richest cities in the world, three are in the U.S. and three are in China, but there are a few other major countries included, too. See if your city made the cut below.

New York City

new york city, nyc, usa

It might not come as a surprise to you that New York City tops the list of the wealthiest cities in the world: According to the report, the city is home to 340,000 individuals worth over $1 million, 724 centi-millionaires, and 58 billionaires. It’s also home to one of the most expensive real estate options in the country, at a whopping $85 million (a midtown Manhattan penthouse , of course), and some of the world’s most expensive restaurants , so the millionaires and billionaires definitely have room to play. In fact, since 2012, the report says that the population of high-net-worth individuals grew by 40 percent, which helps explain the city’s top spot on this list.

view of tokyo skyline at sunset

Tokyo, Japan, is number two, mostly due to the fact that the city counts for 21 percent of the country’s entire millionaire population. According to the report, it boasts 250 centi-millionaires and 14 billionaires. It’s also the economic capital of Japan, with world-renowned companies such as Honda and Sony headquartered there.

The Bay Area

san francisco skyline at sunset, california, usa

The Henley & Partners report notes that the Bay Area in California includes both San Francisco and Silicon Valley, and this tech haven is home to 285,000 millionaires, along with 629 centi-millionaires and 63 billionaires. (So no, it’s not just tech CEOs like Mark Zuckerberg and Tim Cook who have money to spend over there!)

The Bay Area saw a growth of 68 percent in its population of high-net-worth individuals from 2012 to 2022, and Los Altos in particular—located just on the western border of Silicon Valley—has been dubbed the second richest city in all of America , with a median household income of $235,278.

aerial view of london and the tower bridge

London in the United Kingdom ranks four on this list, with 258,000 resident millionaires, 384 centi-millionaires, and 36 billionaires. It’s home to some of the world’s most expensive zip codes , too, with homes in Kensington going for no less than $14 million. From London, you can also easily access most of Europe (think: weekend getaways to Paris, Brussels, Ibiza, and more), which only adds to its appeal, plus some of the world's best shopping .

singapore, garden by the bay, supertree grove

The Republic of Singapore has 240,100 millionaires, 329 centi-millionaires, and 27 billionaires, ranking it fifth on the list. Since 2012, the report says that the population of high-net-worth individuals grew by 40 percent, just as New York’s did: In fact, according to the Henley Private Wealth Migration Dashboard , close to 2,900 high-net-worth individuals moved there in 2022. Singapore is also loved by high-wealth migrants because of its low tax and crime rates, as well as its mild tropical climate.

Los Angeles

downtown los angeles at sunset

Long known as the entertainment capital of the world, Los Angeles has 480 centi-millionaires and 42 billionaires. The growth rate of high-net-worth individuals since 2012 is a whopping 35 percent, and it includes wealth held in high-profile areas like Beverly Hills and Malibu.

In fact, one of the world’s most expensive homes, a beautiful, seaside-front property on two and a half pristine acres of land, sits in Malibu and retails for $115 million. And if Selling Sunset has taught us nothing else, there are several other homes in the city just like it!

cityscape hong kong and junkboat at twilight

According to the Henley & Partners report, Hong Kong ranks seventh on the list, due to the fact that many of Asia’s wealthiest live there: After all, 129,500 millionaires, 290 centi-millionaires, and 32 billionaires call Hong Kong home. Hong Kong also boasts the world’s second most expensive real estate: Data from U.K.-based real estate company Savills shows Hong Kong has an average of 40,000 Euros per square meter on average, beaten only by Morocco. The most famous area? Mount Nicholson Road , a luxury development property that contains residences often selling for over $90 million.

beijing cbd

The second city on this list in China, Beijing has 128,200 millionaires, 354 centi-millionaires, and a whopping 43 billionaires, which is one of the higher numbers (only New York and the Bay Area have numbers larger than this).

According to the report, the growth of high-net-worth individuals in Beijing has been exponential at 70 percent, suggesting more and more people are moving there—especially since it’s the headquarters for many of the world’s largest companies (such as Bank of China , the fourth largest bank in the world, and ByteDance , the parent company of TikTok, among others).

shanghai skyline panoramic at sunset

Shanghai, also in China, is number nine—the report says that it experienced the highest growth of high-net-worth individuals than any other city on the list, up 72 percent from 2012 to 2022. It boasts 127,200 millionaires, 332 centi-millionaires, and 40 billionaires, and is also widely known as China’s financial capital.

In fact, the Shanghai Stock Exchange is the third-largest stock market in the world by market cap (only after the NYSE and the Nasdaq). Luxury department store Harrods also just announced that they would be opening their first ever private members’ club in Shanghai this year, with fees starting at $21,000.

view of sydney harbour, australia

With 126,900 resident millionaires, 184 centi-millionaires, and 15 billionaires, Sydney is home to some of the world’s most exclusive residential suburbs—Bellevue Hill, Darling Point, Mosman, Point Piper, and Vaucluse, just to name a few. The median home price in Sydney is $1.3 million, with Savills ranking it number seven when it comes to the world’s highest average price per square meter in real estate.

“The city has experienced especially strong wealth growth over the past 20 years, and is quickly becoming one of the wealthiest cities in the Asia Pacific region,” says the report . “We expect this growth to continue, with Sydney projected to break into the global Top 5 wealthiest cities by 2040.”

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Forbes billionaires 2022: Elon Musk tops list as number of billionaires worldwide dips

most richest tourist

The ranks of billionaires dwindled over the past year, with their total worth dropping by $400 billion, says the latest list of the world's richest people from Forbes magazine.

There are 2,668 billionaires around the globe, according to Forbes' annual World's Billionaires list , down 87 from the previous year. These billionaires are worth a combined $12.7 trillion.

Forbes cites the Russia-Ukraine war, the COVID pandemic and weaker markets for the dip in the number of billionaires.

The U.S. still tops all countries with the most billionaires at 735, followed by China's 607.

Elon Musk, the Tesla and SpaceX founder topped Forbes' list for the first time ever with a net worth of $219 billion. More than half of the top 10 billionaires earned their fortunes in the technology sector.

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Who are the top 10 richest people in the world?

1. Elon Musk ($219 billion). Musk recently joined Twitter's board after claiming a 9% stake in the company.

2. Jeff Bezos ($171 billion). He founded a little company called Amazon. He also has his own aerospace company, Blue Origin.

3. Bernard Arnault and family ($158 billion). Arnault runs LVMH, the company behind brands including Louis Vuitton, Marc Jacobs, and Christian Dior.

4. Bill Gates ($129 billion). Gates co-founded software giant Microsoft.

5. Warren Buffett ($118 billion). The "Oracle of Omaha" is CEO of Berkshire Hathaway, and made his billions through investing.

6. Larry Page ($111 billion). Next time you Google anything, remember Page, who is one of its co-founders.

7. Sergey Brin ($107 billion). Brin co-founded Google with Page.

8. Larry Ellison ($106 billion). Ellison runs software giant Oracle.

9. Steve Ballmer ($91.4 billion). Ballmer once served as CEO of Microsoft. Today, he's owner of the Los Angeles Clippers.

10. Mukesh Ambani $(90.7 billion). Ambani is the chairman and managing director of Reliance Industries, which is involved in multiple industries including petrochemicals and textiles.

Follow Brett Molina on Twitter: @brettmolina23 .

List of Countries by Tourism Income

Below you can find a list of countries by total tourism income and ratio of tourism income by total GDP. You can also find an interactive map below where each country is colored by its tourism income. The ratio of tourism income to the total GDP gives a rough figure which economies are most dependent on tourism income.

  • United States of America has the highest total tourism income with over 210 billion $ yearly. This huge figure however is only 1.1% of the country's total GDP
  • Spain has the second largest tourism income in the World with almost 68 billion $ yearly, making up tourism 5.2% of the total economy.
  • Another Mediterranean country, France, is the third on the list with over 60 billion yearly tourism income.
  • It is no wonder that the popular holiday destination Maldives is the leader when it comes to share of tourism in the total GDP. 2.7 billion $ tourism income of Maldives makes up 60% of the country's total GDP.
  • Palau and Grenada, two island countries of Caribbeans, come second and third after Maldives. Palau with 141 million $ and Granada with 448 million $ obtain respectively 48% and 40% of their GDP by tourism.

Countries by Tourism Income Thumbnail

Similar Data

Countries by Number of Incoming Tourists Thumbnail

Countries by Number of Incoming Tourists

External Links

  • UNWTO - World Tourism Organization

Choose your Language / Country

  • English (USA)

© 2018 AtlasBig.com

16x9-cities

The Cities With The Most Billionaires 2024

Just ten cities are home to nearly a quarter of the world's billionaires. here's where they choose to live., by annika grosser , contributor.

T here are a record 2,781 billionaires spread around the globe this year, in places as far flung as the Isle of Man and Manantiales, a small fishing village and resort in Uruguay. Yet they mainly reside in just a handful of elite cities.

In fact, nearly a quarter of billionaires, worth a combined $3 trillion, live in one of ten cities in only six countries, according to Forbes ’ latest World’s Billionaires list . New York City once again is home to the most billionaires in the world: It’s the primary residence of an estimated 110 billionaires who are worth a collective $694 billion. The Big Apple has long dominated the ranks, coming in at No. 1 for all but one of the past 11 years. (Beijing briefly took the top spot in 2021.) Billionaire New Yorkers include some 62 Wall Streeters and other finance and investment tycoons, 14 real estate moguls and a dozen fashion and retail magnates.

Hong Kong and Moscow tie for second place, with 74 billionaires each. That’s a net gain of two for Hong Kong, which is an autonomous territory of China, and an impressive net jump of 12 for Moscow, which climbs from No. 6 last year to No. 2, as Russian wealth rebounds after the fallout from the country’s invasion of Ukraine in early 2022 pushed scores of Muscovites from the billionaires list. Mumbai also made a big jump, from seventh to fourth after adding 13 more billionaires since last year.

One city that lost its spot in the top 10 is Shenzhen. The Chinese city, which last year held the eight spot, suffered a net loss of 17 billionaires and now ranks No. 12. Two other popular billionaire cities in the struggling nation, Beijing and Shanghai, both made the top 10 but slid down the list this year.

Both San Francisco and Los Angeles are up this year, in part because Forbes included cities and towns in their county, such as Santa Monica and Glendora. Forbes was not able to determine primary residences for 59 of the 2,781 billionaires on the 2024 ranking.

Here are the 10 cities with the most billionaires.

Data is as of march 8, 2024., 1. new york city, total billionaires: 110 | since last year: +9 | total net worth: $694 billion | richest resident: michael bloomberg ($106 billion).

With 110 billionaires—9 more than last year—New York City retains its status as the billionaire capital. The city’s two richest residents make up a quarter of its billionaire wealth: media magnate and former mayor Michael Bloomberg (estimated net worth: $106 billion) and Koch Industries heir Julia Koch ($64.3 billion). New York is also the home of eight new billionaires, including Jean Madar ($1.1 billion), cofounder of French fragrance company Interparfums, and Assaf Rappaport ($1 billion), cofounder of Israeli cloud security startup Wiz.

2. (tie) Moscow

Total billionaires: 74 | since last year: +12 | total net worth: $378 billion | richest resident: vagit alekperov ($28.6 billion).

While Russia’s war in Ukraine is waging on, the ultra-wealthy in Moscow just got a combined $50 billion richer, catapulting the country’s capital from No. 6 to a tie for No. 2 on the list. The city also gained 12 newcomers who cracked ten digits this year, some of whom after profiting (either directly or indirectly) from the ongoing war. This includes Vladimir Melnikov ($1.7 billion), whose fast-fashion retailer Gloria Jeans saw sales go up 28% to $875 million in the past two years, thanks partly to foreign rivals H&M and Zara shuttering nearly 650 stores combined.

2. (tie) Hong Kong

Total billionaires: 74 | since last year: +4 | total net worth: $326 billion | richest resident: li ka-shing ($37.3 billion).

Hong Kong came in second again this year, this time tying with Moscow, after a modest net increase to 74 billionaires. Among its billionaire residents are eight newcomers, including Jean-Louis van der Velde ($3.9 billion), cofounder and CEO of crypto businesses Tether and Bitfinex, and Solina Chau ($3.1 billion), whose venture capital fund, Horizons Ventures, was among the earliest investors in tech companies like Facebook, Spotify, Zoom.

Total billionaires: 69 | Since last year: +13 | Total net worth: $379 billion | Richest resident: Mukesh Ambani ($116 billion)

Surging three spots to No. 4, Mumbai’s richest citizens not only gained a combined $100 billion, they also welcomed 11 freshly minted billionaires to their ranks. The city is home to Asia’s richest person, Mukesh Ambani ($116 billion), as well as Shapoor Mistry ($9.9 billion), an Irish citizen who controls the Mumbai-based engineering and construction giant Shapoorji Pallonji Group.

Total billionaires: 63 | Since last year: flat | Total net worth: $211 billion | Richest resident: Zhang Yiming ($43.4 billion)

China’s capital lost 32 billionaires since its brief stint at the top of the list in 2021, when 100 Forbes listers called the city home. Its 63 residents count is flat versus last year, though their combined net worth dropped by 14% amid China’s economic struggles. Despite all this, two newcomers emerged in Beijing this year: Dai Wenyuan ($1.6 billion), founder and CEO of AI software company 4Paradigm, and Zheng Fan ($1.5 billion), independent director at Li Auto, an electric vehicle manufacturer headquartered in Beijing.

Total billionaires: 62 | Since last year: -1 | Total net worth: $326 billion | Richest resident: Len Blavatnik ($32.1 billion)

Climbing down the latter by one spot each year, London has dropped from No. 4 on the list in 2022 to its current position at No. 6. The Big Smoke did not add any newcomers this year and lost one of its most iconic residents, Mohamed Al Fayed , best known for being the one-time owner of London department store Harrod's and the father of Dodi Fayed, who died in a car crash alongside Princess Diana in 1997. The elder Al Fayed passed away in August, at age 94.

7. Shanghai

Total billionaires: 54 | since last year: -11 | total net worth: $167 billion | richest resident: colin huang ($38.9 billion).

Shanghai lost the most billionaires among the top ten this year, dropping from 65 to 54. Over half of those who remain on the list are worth less than in 2023, mirroring declines in other Chinese cities such as Beijing. Still, Shanghai welcomed eight new members to the ten-figure-club, most of whom made their fortune in the tech industry, and watched the city’s richest resident, Colin Huang ($38.9 billion), the founder of e-commerce giant PPD Holdings, get $8.7 billion richer.

8. Los Angeles

Total billionaires: 53 | since last year: +19 | total net worth: $222 billion | richest resident: john tu ($13.6 billion).

The boom in celebrity billionaires is boosting LA, which jumps into the top 10 amid Forbes’ new methodology for including surrounding areas. Billionaire Angelenos include NBA great LeBron James ($1.2 billion), reality star and shapewear mogul Kim Kardashian ($1.7 billion) and singer Rihanna ($1.4 billion).

9. Singapore

Total billionaires: 52 | since last year: +6 | total net worth: $156 billion | richest resident: eduardo saverin ($28 billion).

Singapore continues its ascent as one of the most popular cities for the ultra wealthy. Since the city-state made it on the list at No. 9 last year, it gained a net of 6 billionaires, bumping it to No. 8. Singapore is home to Eduardo Saverin ($28 billion), who is a cofounder of Facebook, and two trios of brothers: Bachtiar Karim ($1.4 billion), Burhan Karim ($1.2 billion) and Bahari Karim ($1.2 billion), who together run palm oil firm Musim Mas, and Wee Ee Cheong ($1.6 billion), Wee Ee Chao ($1.3 billion) and Wee Ee Lim ($1.3 billion), grandsons of the cofounder of the 500-branch United Overseas Bank.

10. San Francisco

Total billionaires: 50 | since last year: +13 | total net worth: $185 billion | richest resident: dustin moskovitz ($18.3 billion).

Scores of billionaires have sprung up from Silicon Valley’s roots, including San Francisco’s richest resident, Facebook and Asana cofounder Dustin Moskovitz ($18.3 billion) and six newcomers, including Ivan Zhao ($1.5 billion), cofounder and CEO of the productivity and work-apps software Notion; Michelle Zatlyn ($1.2 billion), cofounder, president and COO of internet infrastructure and security company Cloudflare; and OpenAI chief and tech investor Sam Altman ($1 billion).

Editor’s note: This article was updated on April 30, 2024 to remove mention of David Cheriton, who is not a resident of San Francisco County.

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Dive into the World’s Richest City: Explore SeaWorld Abu Dhabi

Abu Dhabi , the capital of the United Arab Emirates, is renowned globally as one of the wealthiest cities. Everywhere you look, you’ll find splendid buildings boasting grandeur on an awe-inspiring scale. It’s a destination ripe with ultramodern marvels.

Among these marvels is the vast marine life theme park, SeaWorld Abu Dhabi. Let’s delve into this extraordinary attraction, a must-visit for travelers seeking an aquarium experience unlike any other they’ve encountered.

SeaWorld Abu Dhabi is situated on Yas Island, Which is revered as one of the top tourist destinations in the United Arab Emirates. It is nestled near Abu Dhabi International Airport.

Yas Island boasts attractions like the world’s only Ferrari World, an F1 circuit, the Etihad Arena for large concerts, and the Warner Bros. theme park. Since 2009, it has hosted the Formula One Abu Dhabi Grand Prix at Ferrari World Abu Dhabi. SeaWorld Abu Dhabi has also found its place here, contributing significantly to the island’s allure as a tourist hotspot.

SeaWorld Abu Dhabi is the first marine life theme park to open outside the United States. Spanning an impressive area of approximately 592,015 square feet (55,000 square meters), it boasts a staggering scale, showcasing Abu Dhabi’s luxury.

Comprising eight sections, SeaWorld Abu Dhabi offers a diverse range of attractions, each themed differently. The marine life in SeaWorld Abu Dhabi exceeds 100,000 individuals.

Of particular note, SeaWorld Abu Dhabi features an aquarium that stands out as the largest single-tank exhibit among aquariums worldwide. With a weight of 25,000 tons, it is truly immense. Visitors can also observe a large tank housing over 1,800 species of marine life, including sharks and rays, all gathered in one place.

SeaWorld Abu Dhabi stands out from conventional aquariums due to its scale. It creates an illusion as if you’ve entered the depths of the ocean, a unique experience exclusive to Abu Dhabi. Visitors to this park are often astonished by the sheer size of the largest aquarium they’ve ever seen.

While SeaWorld Abu Dhabi is an indoor theme park, it boasts 16 attractions. From aquariums to amusement facilities, there’s something for everyone to enjoy. Thrill-seekers can indulge in exhilarating rides like the Manta Coaster, Shipwreck Cove, and Turtle Twist.

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Among them, the highlight of SeaWorld Abu Dhabi is the Hypersphere 360° attraction. It offers a fantastic media show that allows you to explore the depths of the sea. Seated comfortably, you’ll feel like you’re being sucked into the underwater world, creating a sense of wonder and mystery.

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The Hypersphere 360 operates on the concept of diving deep into the sea in a submarine. With all sides made of media, it gives a vivid sensation of being underwater.

The Hypersphere 360 is constructed in a circular spherical shape. The circular seating can accommodate up to 80 visitors. As you sit down, the media unfolds, and the seats move back and forth, creating the sensation of movement. Equipped with audio and 4D motion effects within the seats for an immersive experience, the realistic media keeps you thrilled throughout your time seated.

The Hypersphere 360 offers a fully immersive experience through 360-degree multimedia, allowing you to explore the depths of the ocean. It’s a special attraction exclusive to Abu Dhabi, making it one of the destination’s standout features.

Visitors who experienced the Hypersphere 360 expressed astonishment. Comments such as “Being able to see the most surreal sea in the world while sitting in a chair,” “This is truly beyond words,” “Wow, the scale is indeed different,” “The highlight of SeaWorld is the Hypersphere,” and “It feels like traveling” were among the reviews left by visitors.

On the other hand, some said, “If you’re over 198 lbs (90kg) and big in size, Hypersphere 360 is not suitable,” or “It’s uncomfortable for larger adults to ride.”

Additionally, some visitors expressed disappointment, stating, “Disappointing experience. I expected impressive graphics, but it didn’t meet expectations,” and “The 360-degree show is great, but that’s all there is.”

A one-day ticket to SeaWorld Abu Dhabi for adults costs approximately $120.

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The Top 11 Richest Cities In Mexico’s History

G-Extreme Travel - Disclaimer

There are plenty of other reasons why you should visit Mexico. If you plan to do so anytime soon, have a look at the following top richest states and cities to visit in Mexico!

Mexico is no longer only United States’ favorite vacation destination. But this beloved country become increasingly popular with tourists and travelers all over the world and for good reasons.

It’s a country that’s full to the brim with unique cultures and history. It’s also a place where ancient Aztec and Mayan sites and historic colonial cities (designed as UNESCO World Heritage Sites) meet. Creating a diverse range of possibilities and ensuring to remain untouched for generations to come.

Mexico is also the 14th largest country by landmass which gives it a great variety of regions and landscapes, from pristine coastlines to dense jungles. In addition to that, it has one of the most amazing cuisines in the world! 

And the cherry on top is that it’s actually quite affordable to visit. Mexico is currently open to travelers and there is no need to provide a negative PCR test upon arrival.

The Top 11 Richest Cities in Mexico’s History

To ensure you plan the very best Mexican travel itinerary possible, Giorgy aka G-Extreme created the following list of the top 11 Richest to Visit in Mexico.

#1. THE MEXICO’S RICHEST CITIES: MONTERREY

If you're looking for a city in Mexico that has it all, look no further than Monterrey.

This metropolis, set against the stunning Sierra Madre mountains, offers a little something for everyone. From world-class museums and shopping to outdoor adventures, Monterrey has it all.

And did I mention that it’s one of the richest cities in Mexico? That’s right, Monterrey is home to some of the wealthiest people in the country. But don’t let that discourage you from visiting – there’s plenty here for everyone, no matter your budget.

So what makes Monterrey so wealthy? A large part of it has to do with the city’s industries. Monterrey is a major center for manufacturing, finance, and technology in Mexico. It’s also home to a number of large multinational companies, including Alfa Romeo, Samsung, and Hyundai.

This has helped Monterrey become one of the richest cities in Mexico – and one of the most popular tourist destinations.

If you’re looking for a city that has it all, Monterrey is the place for you. With its wealth of attractions and outdoor activities, there’s something here for everyone. So what are you waiting for? Come and see why Monterrey is one of the richest cities in Mexico!

#2. OAXACA CITY GIVES YOU A REAL TASTE OF MEXICO’S HISTORY

Oaxaca city is the capital of a state with the same name, located in the Valley in the foothills of the Sierra Madre.

This is the destination for travelers interested in sampling a taste of real Mexico’s history. Because here you’ll find an interesting mix of native Indian and Spanish elements such as colonial architecture, archaeological sites, a thriving art scene, and some of the best Mexican cuisine!

No wonder why it has been declared a UNESCO World Heritage Site!

One of the biggest celebrations in the country for the Dia de Los Muertos (Day of the Dead). Which takes place in Oaxaca as well as the Guelaguetza festival, which highlights the indigenous culture of the area. Some of the highlights of the city include Monte Alban, the Zocalo, and the Oaxaca Cultural Museum .

Make sure to include Oaxaca in your list of cities to visit because it’s considered to be one of the richest ones in Mexico’s history.

On the topic of culture, I invite you to explore a captivating array of cultural experiences in Mexico. Take a moment to peruse this list of intriguing Cultural Tours in Mexico .

#3. MERIDA: THE YUCATAN’S WHITE CITY AND MAYAN METROPOLIS

Merida is one of the richest in Mexico's history and is definitely worth a visit.

Indeed, Merida is the cultural capital and largest city in Yucatan state and it has been nicknamed “The White City” due to the color of its old buildings. 

Named the Latin American Capital of Culture several times, Merida has quite a rich history and vibrant culture. Kick off your visit with a walk around the city’s Centro Historico where you will come across many historical landmarks such as Merida Cathedral, Municipal Palace, Casa de Montejo, and the Governor’s Palace. 

I also recommend taking a refreshing dip in one of the city’s many cenotes (natural sinkholes) after a long hot day!

The Chichen Itza Hey Goofball!   The Chichen Itza , one of the seven wonders of the world and a UNESCO World Heritage Site, is also an incredible place to visit while you’re there. It was built by the Maya people and it’s considered one of the great mythical cities. Don’t miss out on these noteworthy points of interest: El Casillo (the Pyramid of Kukullkan), the tallest structure, and Caracol, a 1’000-year-old observatory to figure out how advanced the Mayans were.

#4. PUEBLA CHARMIN COLONIAL STATE

Rich in history, you won't want to miss exploring Puebla Charmin when visiting Mexico.

Puebla is a charming colonial state located in east-central Mexico bordering the states of Tlaxcala and Hidalgo to the north and Oaxaca to the south.

If you want a taste of authentic culture, mesmerizing architecture, and delicious food, then Puebla is definitely the place to go!

Puebla de Zaragoza is the capital and its largest city and it was declared a UNESCO World Heritage Site in 1987.

While in Puebla, make sure to visit the Catedral de Puebla, the International Museum of Baroque Art, and Cholula where you will find the largest pyramid in Mesoamerica. Don’t miss out on trying the mole poblano and chiles en nogada!

#5. THE ANCIENT FORTNESS OF TULUM

Tulum is an essential stop on any journey through Mexico, it is overflowing with historical importance.

Tulum is a pre-Colombian walled city in the state of Quintana Roo situated on a cliff overlooking the Caribbean in the Yucatán Peninsula and its mostly used as a major port of Cuba.

It used to be some sort of hidden jewel, but now it’s quite popular among travelers because of its stunning white sands and turquoise waters. Not only does Tulum have the best-preserved Mayan ruins, but it is also less crowded than Playa del Carmen and Cancun which makes it quite charming and ideal if you prefer fewer crowds!

Some of the most significant landmarks include El Castillo, Temple of the Frescos, and of course the cenotes! 

#6. STEP BACK IN TIME IN GUADALAJARA

Guadalajara is one of the richest cities in Mexico and is full of history, so you'll want to make sure it's on your list when exploring.

Guadalajara is the second-largest city in Mexico after Mexico City, the capital of the state of Jalisco, and it’s also the origin place of both tequila and mariachi. The city boasts incredible nightlife and an array of cultural sights.

Famous for its broad avenues flanked by the picturesque park and fine old buildings. Guadalajara is an unmissable place full of traditional Mexican culture.

The best way to start off your visit is to explore the historical center of the city where you will find cathedrals, busy markets, and important landmarks such as the Plaza de Armas.

Visit the Government Palace and check out the magnificent murals by the artist Jose Clemente Orozco. Finally, feast on the delicious tortas ahogadas, a local specialty consisting of sandwiches completely drowned in a sauce made from dried chili peppers.

#7. LET’S GO ON AN ADVENTURE IN PUERTO VALLARTA

Make sure you don't miss out on Puerto Vallarta – the richest city in Mexico full of adrenaline-pumping adventures.

Located on Mexico’s Pacific Coast in the state of Jalisco, Puerto Vallarta has tons of activities and fun things to do. For instance, you can go sky diving, bungee jumping, paragliding, sailing, kite surfing, and deep-sea fishing.

Vallarta is also a popular diving destination where you can encounter dolphins, manta rays, and hunchback whales: Puerto Escondido. One of the most popular things to do is to walk around Malecon. Where you can experience street performances, dine or have a drink, and do lots of local handicraft shopping!  

There’s more to this small unique city than surfing though; some of the activities you can do include swimming with Bioluminescent Planktons , going dolphin watching , snorkeling, and even horseback riding.

Hey Goofball! Do not forget to check out the best beaches in Puerto Vallarta such as Riviera Nayarit!

8#. PALENQUE A POPULAR MAYA CITY

You'll want to make sure you don't miss another richest cities which is Palenque City. Rich because of its historical Maya attractions.

One of the most popular and best Mayan ruins: is Palenque. Situated in the state of Chiapas among the dense jungles in the area!

It’s less packed of million people because of its location in the jungles – just you and nature! Along the ruins, you can visit the waterfalls, and some famous attractions such as the Temple of Inscriptions, the massive Pyramid of the Sun, and the Pyramid of the Moon. 

Useful Travel Tips that could come in hand while exploring the richest cities in Mexico!

#9. SAN MIGUEL DE ALLENDE

San Miguel De Allende is a must-see for anyone interested in Mexican history – it is brimming with culture and richness.

This colorful small city is located in the state of Guanajuato and it is a UNESCO World Heritage Site.

San Miguel de Allende got its name after two people. The monk who founded it, Juan de San Miguel, and General Ignacio Allende, a martyr in Mexico’s War of Independence.

This city will charm you with its stunning Spanish colonial architecture, its cobblestone streets, lovely handicraft shops, and its frequent festivals and events. Some of the highlights include La Parroquia de San Miguel Arcangel, Cañada de la Virgen, and the public library.

#10. MORELIA A DELIGHTFUL UNESCO COLONIAL-ERA CITY

Morelia is an important stop if you want to get the full picture of Mexico's history.

Founded in 1541 the colonial-era Morelia is a delightful UNESCO World Heritage Site place to wander around in Mexico.

Thanks to the more than 200 well-reserved buildings, the city remained the same over all these years allowing you to step back in the past! Just start from the Playa de Armas and let the flow lead you to the right way… maybe at the attractive Morelia Cathedral! There is plenty to do of any kind, enjoy it!

#11. THE HISTORIC CENTER: MEXICO CITY

You'll want to make sure you don't miss Mexico City when exploring Mexico's history - it is full of richness.

Mexico City is a must-see for anyone visiting Latin America. It’s the most populous city in the region and home to some of the richest million people on the continent. While it might not have any beaches, it has everything else you could possibly want.

Mexico City’s historic city center is where you’ll find most of the country’s attractions, which are rich with culture and history. The city has many famous landmarks, such as Plaza de la Constitucion, the Metropolitan Cathedral, and ancient Aztec ruins.

The city is also considered an art hub as it has hundreds of museums and art galleries as well as fascinating street art. Visit the Palacio Nacional and check out Diego Rivera’s famous and awe-inspiring mural ‘The History of Mexico’. Museo Frida Kahlo, where the artist was born, raised, lived, and died, is also not to miss!

Other Cities To Visit In Mexico

Well, there are a few hidden places that Giorgy would love to share with you! Are you ready?

#12. COPPER CANYON IS THE GRAND CANYON OF MEXICO

#12. COPPER CANYON IS THE GRAND CANYON OF MEXICO

Nearby New Mexico Unites States borders Chihuahua, and is home to one of the country’s most visited natural attractions: Barranca del Cobre aka the stunning Copper Canyon.

Along with another spectacular group of deep canyons in the Sierra Madre Occidental region, the Copper Canyon is considered larger and deeper than the Grand Canyon. The name comes from its distinctive copper-green coloring along its steep canyon walls created by the then-Rio Fuerte.

Hey Goofball! Because of the increased popularity, nowadays the Canyon is more accessible and you can even take the scenic rail on the Ferrocarril Chihuahua al Pacifico to have a one-time life experience! To the more Extremes adventure yourself with the bike or even on horseback!

#13. DIVING INTO THE PARADISE ISLAND OF COZUMEL

Lovely Cozumel island to explore the underwater world!

Located 20 kilometers from the Yucatan Penisula, this lush tropical paradise took its name from the ancient Mayan “Ah-cuyamil” aka land of the swallows.

It is definitely the paradise for any divers: full field with rich marine life and diving around landmarks and sculptures! Or simply grab your goggles and flippers and get down there on your own.

#14. RELAX AT CABO SAN LUCAS

Relaxing at the wonderful cabo san luca after exploring the whole most richest cities of Mexico

At the southern tip of the beautiful Baja Penisula, Los Cabos aka Cabo is one of Mexico’s top beach destinations.

If you need a break from everything and immerse yourself in the water and do nothing other than chill… Cabo San Lucas it’s the place for ya, full-field with numerous resorts!

Hey Goofball! If you are looking into something still on the country’s Pacific coast but less packed, I suggest you visit some of the country’s smaller vacation destinations: Ixtapa.

#15. TAKING A DIP AT PLAYA DEL CARMEN 

The picture is not fake and this is for real paradise on earth !

You’ll want to make sure you don’t miss Playa del Carmen for relaxing after exploring all the richest cities in Mexico’s history.

Because of its location right in the heart of the Riveria Maya, Playa Del Carmen is a very popular resort town in the state of Quintana Roo, Mexico.

The city is home to many marvelous beaches in which you can snorkel, go fishing, or just relax and enjoy the beauty!

There are also several eco-parks and natural reserves such as Xcaret Eco Park and Sian Ka’an Biosphere Reserve where you can enjoy some bird watching, swim with sea turtles, and explore caves! 

Speaking of the richest city in Mexico… have a look at the richest cities in Colombia that aren’t the famous ones!

Richest Cities In Mexico’s History: Breaking Down The Budget For You?

And finally, here’s a simple budget breakdown that might help you plan for the costs of your trip! As I mentioned earlier, Mexico is a very big country which means the prices will vary according to the region and your travel style. This budget is just an average of the daily costs. 

On average you should expect to pay about 68 USD per day including food, accommodation , and transportation. Of course, you can spend less or more according to your budget so I’ll give you a couple of suggested budgets for different travelers! 

🛌🏼 Accommodation

$20-40 USD per night for a single hostel or hotel room . $50-70 USD per night for a double room;

You can find other accommodation that fits into your budget and your style better! From Hotels ,  hostels ,  Airbnbs ,  Couchsurfing  and work away (where you can work for bed and boars) so on… all sorts!

$16- 20 USD per day.

🚏 Transportation

$10- 14 USD per day.

Hey Goofball! There are plenty of ways to save money during trips, and here Giorgy aka G-Extreme is about to add another list of her top tips to keep your budget even slower than the one mentioned above. Ready to know the trick to break down Mexico in a low-budget style?

🌦️ Low/shoulder season . As mentioned before, not only does traveling outside high season allow you to save a lot of money but it also won’t be packed with people too!

🌯 Eat at local restaurants . Locals who run their own restaurants are cheaper and more delicious than tourist restaurants. Offering the best value in the country.

🚌 Type of transportation . Slower but cheaper, the local buses offer you the best option to travel around.

❌ Avoid tour activities . Most cities offer a free walking tour around the city offering an inside of the city’s history and culture and also getting to know new travelers. Try to avoid other tour activities which are overrated and way too expensive. Instead do also hiking, swimming, and relaxing around which cost you nothing at all!

🌃 The secret of the Nights Out . Who said you have to necessarily drink alcohol every time you go out? You can still have fun without alcohol and drinking, no alcohol each night can also significantly reduce travel costs.

⛺ Camping – A lot of resorts and hostels allow you to put your tent on their property.

🥤 Own your Water bottle . Since it’s safe drinking water in Mexico, I suggest you all have this amazing filtered water bottle.

💰 Cash vs Digital banking . Digital banking is getting more available in most of Latin America. Keep in mind this is going to save you unwanted fees.

🎒 Slow travel . If you have the luxury of traveling long-term instead of a few weeks, it is going to allow you to incorporate more free days around the city and explore what you like around you without being in a hurry – which means saving a lot of money as well.

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Wrap-Up: The Richest Cities In Mexico’s History [2024]

The richest cities in Mexico’s history are also some of the most fascinating. From the ancient city of Teotihuacan to the modern metropolis of Mexico City, these cities have all been home to incredible wealth and power.

Today, Mexico City is home to more billionaires than any other city in Latin America. But it’s not just the modern-day billionaires that make Mexico City one of the richest cities in history. The city has also been home to some of the world’s wealthiest people throughout history.

Cortes, the conquistador who conquered Mexico for Spain, was said to be worth over $1 billion in today’s money. And then there’s Carlos Slim, the world’s richest man, who is worth an estimated $72 billion.

So there you have it, the richest cities in Mexico’s history. From the ancient to the modern, these cities have all been home to incredible wealth and power. And they continue to be some of the most fascinating places in the world today.

Have a beautiful discovery of Mexico GExt(d)re(a)mers!

See my story here!

Looking for more adventures in  Latin America ? Check out Giorgy’s posts on: 

  • Cusco Vs Lima? Find Out Which Fantastic Peruvian City Is The Best Fit For You
  • Is The Galapagos Worth Visiting? Everything You Need To Know Before Going!
  • The 25 Most Non-Touristy Things To Do In Rio De Janeiro, Brazil in 2024
  • My Ridiculous Hostel Experiences: When Overnight Experiences Go As Not Expected
  • All The Essentials Tips On How To Planning Your First Unforgettable Solo Travel Trip!

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Giorgy is the founder of G-Extreme Travel. She is on a mission to empower every person to add a pinch of goofiness in life. Going off-grid immersing yourself completely in Colombia as an undercover tourist, by leaving fearlessly the comfort zone behind, all characterized by goofiness. She helps over 100,000 people per month plan their adventures and trips in Cartagena, Colombia

Map of the richest countries in the world

The Richest Countries In The World 2024

Each country on this list, through manufacturing prowess, free markets, or status as a tax haven, has secured its spot as one of the richest countries in the world. Various economic indicators help us rank each country's financial status: Gross Domestic Product (GDP), GDP per capita at Purchasing Power Parity (PPP), and Gross National Income (GNI).

GDP per capita (PPP) is particularly useful, as it allows for a more nuanced comparison between nations by balancing income levels with the local cost of living. With the latest data from the International Monetary Fund (IMF), we can robustly identify which 15 countries are at the forefront of the global economy, from landlocked European countries to small island nations.

For more information on prosperity metrics, check out this discussion below: Understanding Different Metrics of Prosperity .

The 15 Richest Countries in the World

Jump to the table of the 50 richest countries in the world.

Infographic showing the locations and GDP/Capita in PPP of the 15 richest countries in the world

1. Luxembourg - $143,303

Luxembourg city, the capital of Grand Duchy of Luxembourg

  • Population: 661,700
  • GNI per capita: $88,190
  • Total GDP: $89.10 billion

Luxembourg 's expertise in finance, its position in central Europe, and its varied economy make it the world's richest country. With over 100 banks, it's a major player in global banking and holds a lot of money. It's also the second-biggest place for managing investment funds, handling more than €4.6 trillion. Luxembourg has wisely grown its economy beyond just banking, moving into areas like managing investment funds, technology, and industries based on data, which have attracted a lot of investment.

The parliament of Luxembourg in Luxembourg city

In the 1970s, Luxembourg shifted from its declining iron and steel industry to newer, innovative areas. This move shows the country's adaptability and focus on market trends. Additionally, nearly half of Luxembourg's workforce comes from abroad, boosting average wages and aiding prosperity. Stable governance, high living standards, and wise investments in infrastructure like transportation and buildings have underpinned this success. 

2. Ireland - $137,638

Dublin, Ireland. Night view of famous illuminated Ha Penny Bridge in Dublin, Ireland at sunset

  • Population: 5,203,000
  • GNI per capita: $76,110
  • Total GDP: $589.57 billion

Ireland 's rise to economic prominence, hovering just below Luxembourg, is attributed to a mix of factors, notably its 12.5% corporate tax rate, one of the world's lowest. This tax policy, alongside a skilled, English-speaking workforce, has attracted multinationals like Google and Apple, making Ireland their European base and driving substantial economic growth. Ireland's pro-globalization economic policies have further encouraged foreign direct investment (FDI), enhancing its wealth. Additionally, Ireland's geographical position, bridging North America and Europe, has been crucial in establishing it as a key logistical hub, further advancing its economic strength.

3. Singapore - $133,107

Aerial view of Singapore city at day

  • Population: 5,827,000
  • GNI per capita: $64,010
  • Total GDP: $497.35 billion

Despite its limited natural resources, Singapore is a rich country, thanks to its strategic positioning as a global financial services hub with vital industries in manufacturing, transport, engineering, logistics, electronics, biotechnology, and chemical production. This financial success is further bolstered by the country's high-end infrastructure that encourages domestic and foreign investments. In addition, the forward-thinking government further solidifies the country's appeal with an array of investor-friendly policies that attract individuals and corporations worldwide, thus contributing to its riches.

4. Qatar - $114,210

The Bay of Doha in Qatar

  • Population: 3,210,000
  • GNI per capita: $62,310
  • Total GDP: $235.50 billion

Qatar, a country famous throughout the Middle East for hosting the FIFA World Cup 2022, has come a long way since gaining independence from Britain in 1971. From its humble roots of just a small fishing industry, the country has cultivated abundant fortune through its vitally important natural gas exports. However, since 1997, exports have increased tremendously, flowing directly into the country's GDP, making Qatar one of the world's richest countries. Qatar has this plentiful supply of oil reserves almost exclusively fueling its GDP growth. They have also made substantial investments in tech startups and financial institutions.

5. Switzerland - $89,537

Basel, Switzerland. Old town with red stone Munster cathedral on the Rhine river.

  • Population: 8,864,000
  • GNI per capita: $90,600
  • Total GDP: $905.68 billion

Switzerland is an affluent country whose people's happiness has earned it a place among the highest-ranking countries in quality of life. Its higher cost of living may seem prohibitive to many, but generous tax rates have helped attract foreign investment from other parts of the world. This influx of global funds is apparent in Switzerland's GDP, with exports contributing significantly to its economic health. In addition, the industrious Swiss are renowned for their fine crafts and commodities, such as cheese, chocolate, jewelry, furniture, and much more, made with care and expertise using domestically sourced resources. 

Aerial view of Leman Lake in Geneva

The Swiss economy is currently one of the most attractive investments in Europe, and this is because of its lack of tax on capital gains, its low-value product tax at 7.7%, and lower than average income taxes. This triple benefit encourages citizens and foreigners to invest in Switzerland's economy, and residents show a preference for buying local products and other goods produced within the country. With such a strong commitment from investors, Switzerland has seen a steady increase in growth year after year, an investment climate that the rest of the world has noticed.

6. United Arab Emirates - $88,961

Skyline of Dubai in the UAE

  • Population: 9,264,000
  • GNI per capita: $41,770
  • Total GDP: $509.18 billion

The United Arab Emirates is a vibrant country with a rapidly growing economy. Known for the luxurious lifestyles of the people living there, its capital, Abu Dhabi, has become a significant hub for business and tourism worldwide. Despite these sources of income, much of the UAE's fortune comes from oil production. However, the government has made strides to diversify its sources of income, particularly in technology and renewable energy sectors, as well as making significant investments in infrastructure development. This focus on continuous progress and innovation will no doubt help cement its status as a prosperous country in the years to come. 

7. San Marino - $84,135

San Marino cityscape. View on San Marino city from observation deck. Yellow roofs of Scan Marino town

  • Population: 33,900
  • GNI per capita: $41,450
  • Total GDP: $2.00 billion

San Marino is well-known for its impressive financial strength, and it deserves its place amongst the world's richest countries. This acclaim is partly due to its export of high-quality goods, enabling San Marino to achieve one of the lowest poverty rates on the planet. Moreover, more than half of San Marino's Gross Domestic Product comes from tourism due to its picturesque landscapes and warm Mediterranean climate. Thus it stands not only as a testament to fine Italian craftsmanship and cultured hospitality but also as an example of how financial prosperity is achieved through balance and concord.

8. Norway - $82,236

Aerial view of Oslo the capital of Norway

  • Population: 5,526,000
  • GNI per capita: $83,880
  • Total GDP: $546.77 billion

Norway is one of the richest countries in the world, with an estimated GDP per capita (PPP) of $82,236. This high standard of living is driven by Norway's numerous natural resources, raw oil and gas exports, its distinct social security system, and universal health care. It has been extracting its wealth of petroleum reserves since the 1970s, supplementing them with seafood, hydro-power, lumber, minerals, natural gas, and freshwater. Wages, too, remain high despite the cost of living. 

9. United States - $80,412

New York City Financial District cityscape at dusk.

  • Population: 339,277,000
  • GNI per capita: $70,930
  • Total GDP: $26.94 trillion

The United States of America is globally recognized as a rich country. It has a large, diverse economy that produces goods and services favored by people from around the world. This economic engine is driven by natural resources such as oil and gas and highly developed industries like biotechnology, engineering, and computer technology. The United States also benefits from infrastructure such as roads, bridges, ports, airports, railroads, telecommunications networks, utilities, and farming machines, allowing its citizens to live comfortably and efficiently. Finally, the US enjoys a relative level of political stability compared to other parts of the world, which enables it to maintain domestic order while supporting international investment with sustainable policies. Altogether, these elements make the United States one of the most impressive economies in the world.

10. Denmark - $74,957

Famous old Nyhavn port in the center of Copenhagen, Denmark during summer sunny day.

  • Population: 5,986,000
  • GNI per capita: $68,300
  • Total GDP: $420.80 billion

Denmark is a small but rich country located in Northern Europe. It has a strong economy driven by its high-tech manufacturing sector and service industry, which comprise the bulk of the GDP. The country also benefits from its well-developed infrastructure, with transportation networks that are highly efficient, affordable, and reliable. Denmark's high standard of living has been made possible by sensible fiscal policies that have enabled the country to maintain low unemployment rates and high levels of growth. Moreover, Denmark's generous welfare system provides all citizens with free education, healthcare, and other services, such as childcare, which help families thrive. With easy access to credit and financial assistance for entrepreneurs, it also encourages investment in businesses and innovation. Overall, Denmark is known as one of the most prosperous countries in the world thanks to its economic strength combined with progressive social policies that are highly beneficial for all its citizens.

11. Netherlands - $73,316

Amsterdam Netherlands dancing houses over river Amstel

  • Population: 17,975,000
  • GNI per capita: $55,200
  • Total GDP: $1.09 trillion

The Netherlands is known for being a rich country, and its citizens enjoy having one of the highest standards of living in the world. The country's fortune has been primarily attributed to its innovative economy, which is heavily driven by trading, particularly in services and technology. It also has an efficient infrastructure and tax policies that have incentivized both foreign and domestic investment. Additionally, the Dutch government makes conscious efforts to manage the budget responsibly, particularly when spending on public services like healthcare and education. This commitment to fiscal responsibility has paid off over the years, helping the Netherlands remain atop the list of rich European countries.

12. Brunei - $72,609

Omar Ali Saifuddien Mosque in Bandar Seri Begawan, the capital of Brunei

  • Population: 445,900
  • GNI per capita: $30,320
  • Total GDP: $15.15 billion

Brunei is a small, oil-rich country with a high GDP per capita compared to other countries worldwide. Surprisingly, this financial boon has not translated into lower poverty rates. Brunei's poverty rate is higher than average for Southeast Asian countries, and the gap between the rich and the poor continues to be significant. The government of Brunei has focused on developing programs to pull more citizens out of poverty, such as zero-interest microloans and special food assistance for low-income households. Despite these efforts, progress toward reducing poverty still needs to be improved. It remains a significant challenge that requires further attention if Brunei seeks to become a genuinely rich country.

13. Iceland - $69,833

Beautiful view of the historic town of Husavik with traditional colorful houses and traditional fisherman boats lying in the harbor in golden evening light at sunset, northern coast of Iceland

  • Population: 394,500
  • GNI per capita: $63,460
  • Total GDP: $30.57 billion

Iceland 's fortune relies on the fact that it has been able to transition from a resource-dependent economy to one driven by innovation and technology. This transition was primarily spurred by access to capital, investment in education, and the emergence of high-tech industries such as biotechnology, healthcare, renewable energy, and software development. The country also benefits from having abundant natural resources like geothermal energy, marine resources, and hydropower. Additionally, Iceland has built solid economic connections with other European countries, a reputation for transparent government institutions, and an educated labor force. These factors have made Iceland one of the most prosperous countries in the world.

14. Austria - $69,069

Street view in Vienna, Austria

  • Population: 9,050,000
  • GNI per capita: $52,760
  • Total GDP: $526.18 billion

Austria is a rich country due to its strong economy, supported by numerous industries such as tourism, banking, insurance, and medical technology. The country's high-tech businesses benefit from favorable corporate tax rates and access to the EU's single market. In addition, Austria boasts a robust social safety net that has helped support economic growth and keep unemployment low. Furthermore, the country's proximity to other major European economic powers has allowed it to capitalize on expanded export markets. This level of interaction has enabled businesses to create jobs and contribute significantly to Austria's riches. Furthermore, Austria is home to several prominent universities and research centers that have become hubs for knowledge-intensive business activity.

15. Saudi Arabia - $68,452

Saudi Arabia, Riyadh

  • Population: 32,375,000
  • GNI per capita: $59,660
  • Total GDP: $1.07 trillion

Petroleum and natural gas are the backbone of the Saudi Arabian economy, but diversification is key to its future ambitions. Tourism is a key focus, with the Ministry of Tourism planning a $1 trillion investment over the next decade. Saudi Entertainment Ventures will also invest $13.3 billion to develop 21 entertainment destinations across 14 cities. Additionally, the General Entertainment Authority aims to put $64 billion (by 2028) in the entertainment sector for the sake of licenses and events. In technology, the government plans to allocate 2.5% of its GDP to research and innovation by 2040 and has announced $6.4 billion in investments for future technologies. Several months ago, Saudi Arabia was not among the 15 richest countries globally; if these decisions pay off, Saudi Arabia may make it to the top.

Extreme Prosperity in Partially Recognized Territories and Countries

Sunset over Victoria Harbor as viewed atop Victoria Peak

  • Macao - SAR GDP per capita (PPP): $98,157
  • Hong Kong - GDP per capita (PPP): $72,860
  • Taiwan - GDP per capita (PPP): $72,485

Hong Kong , Taiwan , and Macao are three highly prosperous territories that have become symbols of success in the eastern hemisphere. While many refer to these regions as 'countries,' they either do not have sovereignty under international law, remain part of China, or are in a unique political situation. Hong Kong became a special administrative region of the People's Republic of China in 1997 after more than 150 years of British rule. Taiwan is a de facto independent nation controlled by neither China nor any other sovereign entity. Macao, meanwhile, is an autonomous administrative region of China led by a governor appointed by Beijing. Despite their quasi-independence from the parent country, all three territories enjoy considerable economic prosperity and serve as models for developing nations across the globe.

After reviewing the world's richest countries and their economic prosperity, it's clear that financial success has many different looks. Luxembourg currently leads the way across most metrics. Others on the list also possess strong economies due to a focus on innovation and investment in technology, finance, tourism, and natural resources. It is no surprise, then, that Ireland, the United Arab Emirates, Qatar, Switzerland, and Norway are leading countries in attaining riches. However, it is incredible how there is still room to grow and expand within such thriving economic spaces. While San Marino and Brunei might boast lower GDPs per capita or employ fewer people than other nations on this list, specific industries have put them on track to become highly successful economies. This potential proves that any country can strive towards significant financial gain through dedication to their citizens and self-investment as long as they stay steady towards consistent improvement.

Understanding Different Metrics of Prosperity

While Gross Domestic Product (GDP) often emerges as a prominent choice in assessing a country's fortunes – for instance, the United States' GDP topped $21 trillion in 2020 – it is the GDP per Capita Purchasing Power Parity (PPP), international dollars, that offers a more nuanced perspective. The term 'per capita' represents an average per person. To illustrate, if Country A has a GDP of $1 trillion and a population of 10 million, one might believe that each citizen has an average 'share' of $100,000. However, this is an oversimplified view, as GDP doesn't necessarily indicate how prosperity is distributed among the population, nor does it reflect how much of those resources are reinvested in public services. For instance, another hypothetical country with a GDP of $30 trillion might appear to be the richest, but if the population is as impossibly large as 7 billion, each person has a per capita share of barely $4,000. If the wealth is unequally divided, that amount is even lower. Below are definitions of key terminology:

Purchasing Power Parity (PPP) serves as a significant economic indicator by quantifying the relative buying power of different countries' currencies. It makes this assessment by comparing the costs of the same basket of goods and services across different nations. For instance, if a burger costs $5 in the United States but €4 in France, PPP enables a realistic comparison of these currencies' relative strength.

Gross Domestic Product (GDP) provides a measure of a country's economic activity within a specified period, typically a year. It accounts for the monetary value of all final goods and services produced and sold domestically. For example, the annual income from all car sales, retail purchases, and service fees within a country contributes to its GDP.

Gross National Income (GNI) calculates the country's total income. This calculation includes not just domestic production but also income earned by its residents from international activities. Hence, if a country's businesses earn significant revenue overseas, GNI per capita would more accurately represent the country's economic health.

International dollars , often used when discussing GDP per capita (PPP), is a hypothetical currency that has the same purchasing power as the U.S. dollar has in the United States. Essentially, it is a way to compare the purchasing power of different countries' citizens as if they were buying goods and services in the U.S., helping us understand how far their money would go in a standardized, international context.

However, these indicators have limitations. GDP, besides unequal distribution and function, can be artificially inflated in tax havens, leading to a misrepresentation of the country's actual finances. GNI might not fully account for income inequality within a country. Consequently, GDP per capita (PPP) becomes a preferred measure as it adjusts GDP for the relative cost of local goods, services, and inflation rates. This adjustment provides a more equitable comparison of living standards between countries, accounting for local price levels and global economic dynamics.

Note: Up-to-date and available information is crucial to maintain these comparisons, and Liechtenstein is a worthy example. This country's GNI per capita in 2009 was $116,600 (US$), and the United Nations estimates their current GDP per capita at $169,260. If Liechtenstein provided accurate and current figures, it would likely be one of the richest countries in the world.

Richest Countries by Continent

  • The Richest Countries in Asia
  • The Richest Countries in Europe
  • The Richest Countries in North America
  • The Richest Countries in South America
  • The Richest Countries in Africa

The 50 Richest Countries In The World

**: Macao and Hong Kong are special administrative regions of the People's Republic of China, and Taiwan is a province in the PRC.

Data taken from World Economic Outlook (October 2023) - GDP per capita, current prices (imf.org)

Top 10 Richest Countries Ranked By GDP

Top 10 richest countries ranked by gni, more in economics.

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The top 10 richest people in the world as of May 2024

Bill gates, who held the position for nearly three decades, has fallen to ninth, replacing mukesh ambani of reliance industries on the forbes world's billionaire list. explore the top ten individuals that currently dominate the world's richest list, as of may 2024..

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Top 10 richest people in the world in May 2024: In a world fueled by ambition and entrepreneurial spirit, a set of visionary leaders have attained unprecedented wealth through innovation and strategic vision. So, as the global wealth landscape evolves, we witnessed a remarkable surge in wealth creation, with the net worth of the world’s wealthiest individuals sharply increasing in FY 2023-24.

Bernard Arnault, the Chairman and CEO of LVMH, currently ranks as the world’s richest person—a spot he’s held since February, surpassing Elon Musk, the founder of Space X and Tesla.

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Interestingly, Bill Gates, who reigned as the world’s richest person for almost three decades starting in 1995, has come down the ranks as the world’s ninth richest, replacing India’s Mukesh Ambani , the Chairman of Reliance Industries, who held the same position last month with a net worth of $116.9 billion and is currently positioned in eleventh place with a net worth of $115.2 billion.

In late April 2024, Forbes released the list of affluence, showcasing the ten individuals currently dominating the world’s richest list in the world, as of May 1. However, it’s important to note that since stock prices fluctuate routinely, the net worth might change accordingly. One can check out the world’s real-time billionaire list here.

1. Bernard Arnault, Chairman and CEO, LVMH

Bernard Arnault (Source: Getty Images)

Real-Time Net Worth: $212.5B

Bernard Arnault, the CEO and chairman of LVMH, the world’s largest luxury goods group, has reclaimed the top spot as the richest person on January 31, 2024, surpassing Elon Musk. Arnault’s remarkable success has earned him the distinction for most of the first half of 2023, although he briefly fell to second rank in June 2023 but regained the top spot in 2024. Under his leadership, LVMH has grown into a global powerhouse, boasting an impressive portfolio of over 70 luxury brands, including iconic names like Louis Vuitton, Christian Dior, Moet & Chandon, Sephora, and Tiffany & Co.

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2. Jeff Bezos, Chairman and Founder, Amazon.com

Jeff Bezos, Amazon CEO Jeff Bezos, Jeff Bezos Amazon, Amazon, Amazon shares, Indian express news, current affairs

Real-Time Net Worth: $203.8B

Jeff Bezos, the founder and chairman of Amazon, started the company in 1994 and served as its CEO until July 2021, when he transitioned to the role of chairman. Before launching Amazon.com from his Seattle garage, Bezos worked at the hedge fund D.E. Shaw in New York. His financial ascent saw him surpass Bill Gates as the world’s wealthiest individual in July 2017, leading to a back-and-forth exchange of the top two spots with Gates. He held the title of the world’s richest person on Forbes from 2018 to 2021, slipping to the second spot in 2022. In 2024, throughout March, Bezos and Elon Musk alternated between the second and third positions multiple times, reflecting the fluctuating stock prices of Amazon and Tesla.

3. Elon Musk, CEO, Tesla and SpaceX

Elon Musk | X | Elon Musk interview

Real-Time Net Worth: $198.4B

Elon Musk, a prominent figure known for his roles as the CEO of Tesla, SpaceX, and X (formerly Twitter), currently holds the position as the second richest individual as of May 1, 2024. Musk’s diverse portfolio includes being the founder, chairman, CEO, and CTO of SpaceX; an angel investor, CEO, product architect, and former chairman of Tesla, Inc.; owner, executive chairman, and CTO of X Corp.; founder of the Boring Company and xAI; co-founder of Neuralink and OpenAI; and president of the Musk Foundation. Notably, his leadership at Tesla during its 2010 IPO led to a significant increase in market capitalisation, propelling Musk to briefly hold the title of the world’s richest person in 2021. Additionally, his strategic acquisition of Twitter, now rebranded as X, has further diversified his influential ventures.

4. Mark Zuckerberg, CEO, Meta

Meta, Meta layoffs, Mark Zuckerberg, Facebook Mark Zuckerberg, Meta job cuts, Facebook job cuts, Job loss Facebook, tech job cuts

Real-Time Net Worth: $158.7B

Mark Zuckerberg, the co-founder and CEO of Meta Platforms (formerly known as Facebook ), has built and co-founded the social networking platform that has since grown to become the world’s largest, with over 3 billion monthly active users. In addition to Facebook, Meta Platforms also owns and operates other prominent social media apps, including Instagram and WhatsApp, both of which were acquired and expanded. As Meta’s stock price rose in early 2023, Zuckerberg rejoined the world’s top 10 richest individuals for the first time since January 2022 and maintained his position as the fourth-wealthiest person in the world.

5. Larry Ellison, CTO and Founder, Oracle

Larry Ellison (Source: Getty Images)

Real-Time Net Worth: $144.9B

Larry Ellison, the chairman, chief technology officer, and co-founder of Oracle , owns under 40% of the company’s shares and is currently the fifth richest individual. Stepping down from the CEO position in 2014 after a remarkable 37-year tenure, Ellison has been instrumental in Oracle’s growth, leveraging strategic acquisitions such as the notable $28.3 billion purchase of Cerner, a leading electronic health records company, in 2021. In a significant personal move, Ellison made Lanai, a Hawaiian island, his permanent residence in 2020, having acquired the majority of the island for $300 million back in 2012. Additionally, he served on Tesla’s board from December 2018 to August 2022 and maintains ownership of approximately 15 million shares.

6. Larry Page, Co-founder and Board Member, Alphabet

Larry Page, Larry Page Google, Sergey Brin, Google AI, Google chatGPT

Real-Time Net Worth: $138.9B

Larry Page, along with Sergey Brin, co-founded Google in 1998 during their time as Stanford PhD students. Page served as CEO from 1998 to 2001 and then again from 2011 to 2015. Currently, he holds a position as a board member of Alphabet, Google’s parent company, and retains a significant ownership stake. Notably, Page was an early investor in Planetary Resources, a company focused on asteroid mining, which was later acquired by ConsenSys in 2018. His wealth surged, propelling him into the top 10 richest individuals globally, after a remarkable 15% increase in Alphabet’s share price in May 2023, which continued to soar.

7. Sergey Brin, Cofounder and Board Member, Alphabet

Sergey Brin (Source: File photo)

Real-Time Net Worth: $133.2B

Sergey Brin, along with his Stanford PhD colleague Larry Page, co-founded the Google search engine in 1998. Originally from Russia, Brin initially served as the technology president at Google before transitioning to lead special projects, such as the development of Google Glass, an innovative wearable device with voice-activated “smart glasses” technology. Presently, Brin holds a position as a board member of Alphabet, Google’s parent company. Notably, he has emerged as a prominent supporter of Parkinson’s disease research, contributing a substantial $1.25 billion to various research initiatives, including a collaborative effort led by his team known as Aligning Science Across Parkinson’s.

8. Warren Buffet, CEO, Berkshire Hathaway Inc.

Warren Buffett,

Real-Time Net Worth: $131.7B

Warren Buffett, known as the “Oracle of Omaha,” stands out as a highly successful investor in history. He leads Berkshire Hathaway, an investment conglomerate with a wide-ranging portfolio that includes companies like Geico, Duracell, Apple , Nu Holdings, and Dairy Queen. In 2010, Buffett, along with Bill Gates and Melinda French Gates, founded the Giving Pledge initiative. This initiative encourages billionaires to commit to donating a minimum of 50 per cent of their wealth to charitable organisations.

9. Bill Gates, Co-chair, Bill & Melinda Gates Foundation

Bill Gates

Real-Time Net Worth: $128.5B

Bill Gates, after dropping out of Harvard, co-founded Microsoft , leading Forbes to recognise Gates as a billionaire in 1987, and he held the title of the world’s richest person from 1995 to 2017 (with exceptions in 2008 and from 2010 to 2013). After serving as CEO for 25 years and chairman until 2014, Gates eventually stepped down from the board in 2020 and presently co-chairs the Bill & Melinda Gates Foundation and holds investments in numerous companies, like Republic Services and Deere Co. His philanthropic efforts, including substantial donations to the Gates Foundation totalling $59 billion, led to his wealth decline and subsequent displacement as the wealthiest individual by Jeff Bezos in 2018. Following his divorce from Melinda French Gates in 2021, he experienced a $4 billion decrease in his fortune in April 2024, causing him to drop from the 7th to the 9th richest in the rankings, marking his lowest position in decades as others surged ahead.

10. Steve Ballmer, Owner, Los Angeles Clippers

Steve Ballmer

Real-Time Net Worth: $121.2B

Steve Ballmer, the dynamic former CEO of Microsoft, steered the company from 2000 to 2014. Joining Microsoft in 1980 as its 30th employee after leaving Stanford’s MBA programme, Ballmer led the tech giant through the aftermath of the dot-com crash, spearheading initiatives to compete with Google in search technology and Apple in mobile devices. Upon retiring from Microsoft in 2014, Ballmer made headlines by acquiring the NBA’s Los Angeles Clippers for $2 billion, which now values the team at $4.65 billion, leading him to become the tenth richest individual in 2024.

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Mayawati removes nephew Akash Anand as BSP national coordinator and political successor until he reaches maturity. She announced this on social media platform X, stating it was for the party's benefit. Akash Anand was previously promoted to these roles, but will now focus on other party responsibilities.

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America’s Best-Paid Tourism Marketers

Dawit Habtemariam

Dawit Habtemariam , Skift

May 6th, 2024 at 9:49 AM EDT

Many tourism board CEOs command high compensation. Here's Skift's first major look at the pay packages of U.S. destination marketing executives.

Dawit Habtemariam

Many American tourism marketers are well-paid. Visit California CEO Caroline Beteta recently collected more than $1.5 million in compensation. Brand USA CEO Chris Thompson recently took home over $700,000.

These were some of the findings when Skift reviewed the the pay for U.S. tourism marketers at city, state, and national levels. Here’s how we approached it:

  • We used the 2022 fiscal year because those records were the most comprehensively up-to-date.
  • We focused on the top 20 cities, based on those with the highest inbound visitation from overseas . Many are non-profits, and we were able to review their Form 990s filed with the IRS. In some cases, we got pay data from government agencies.
  • At the state level, we were interested in heavily touristed states with large, non-profit destination marketing organizations (DMOs), such as California, Hawaii, and Florida. We left out states like New York that didn’t have them.
  • At the national level, we added  Brand USA , America’s destination marketing organization, and Destinations International , the association for destination marketers.

Pay for High-Profile U.S. Tourism Marketers in Fiscal Year 2022

Source: Official filings and Skift reporting. CauseIQ made it easier to find filings . The “total compensation” figure includes bonuses and non-taxable benefits, such as healthcare. * Miami’s William Talbert, a CEO for 16 years, was only a consultant in 2022. **Houston doesn’t disclose the pay of its tourism executives.

Some Smaller Destinations Offer Big Pay

Some tourism marketing executives had high compensation, but because of their city’s relatively small inbound international visitation, they didn’t make our above list.

Exhibit A: In Indianapolis, Visit Indy CEO and President Leonard Hoops made $921,470 and is under contract. Visit Indy’s executive committee has twice renewed his contract, most recently in 2018 with a 12-year extension.

“The Visit Indy Board Executive Committee decided years ago that it wanted Leonard to continue elevating Indy into a top national and international destination,” said Chris Gahl, Visit Indy executive vice president and chief marketing officer. “Leonard is regularly a target of recruiters for other CEO searches but the Visit Indy Board has proactively worked to ensure that Leonard will be in Indy for years to come.”

Destinations typically justify high pay packages based on performance.

Nashville Convention & Visitors Corp’s Christopher “Butch” Spyridon made $1,393,273 in fiscal year 2022 before his retirement last year. Spyridon led the organization for over three decades and has been credited for playing a big role in turning Nashville into one of America’s most-visited cities.

Factors in DMO Pay

There’s a gray area regarding how much of a destination’s performance is due to the CEO.

“It’s always hard to determine if the performance is based solely on the work of the CEO or the organization or whether that performance is just momentum,” said Greg Klassen, a former CEO of Destination Canada and senior director of Skift Advisory .

Pay is usually determined by the board of directors, which might consider performance indicators, such as hotel occupancy, visitor spending, overnight stays, and convention bookings.

“Any incentive beyond my base bonus was tied to the overall strategic plan and the KPIs against that plan,” said Don Welsh, who is currently the CEO and president of Destinations International and who recalls his experiences serving as the top boss at Visit Seattle, Choose Chicago, and Visit Indy.

Why Tourism Bosses Are Paid What They’re Paid

The scope of the organization’s size, the complexity of the destination, and the CEO’s expected economic impact are big influences on compensation, said Mike Gamble, president and CEO of SearchWide Global , an executive recruiting firm.

Different boards may also have different priorities. Some boards, for example, may place greater weight on resident sentiment and community relations.

“Between my current job and previous jobs, anywhere between 15 and 50 KPIs were used in my reviews, and those vary from one to the next,” said Brad Dean, CEO and president of Discover Puerto Rico .

Larger Organizations, Larger Challenges

Another factor in pay: State-level destination marketing organizations often come with oversight of massive budgets.

Exhibit A: Visit California’s Caroline Beteta earned $1,562,141 in the 2022 fiscal year. The state’s destination marketing organization received around $100 million in a one-time investment from its state government.

Beteta has been credited for helping California’s tourism and meeting industries recover from the pandemic .

In some states, how much those budgets can go toward executive pay is limited by organizational constraints. Visit Florida’s Dana Young made $214,876, but only up to $120,000 can come from state funds. “All amounts in excess of $120,000 are paid for with private (non-state) funds,” said Visit Florida’s page on executive compensation . Visit Florida is a public-private partnership.

Skift Advisory’s Klassen said the tourism board CEO position has become more complicated over the past decade. These executives must manage destination marketing and development, attract visitors and new investors, obtain funding to build hotels, convention facilities, attractions, and other tourism assets, and manage relations with politicians and residents.

“There’s a number of pretty charismatic CEOs who perhaps tried to convince their boards that they’re the reason why the performance is happening within their destination,” Klassen said.

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Tags: brand usa , ceo pay , ceos , destination marketing , destination marketing organizations , dmos , executive compensation , executives , marketing , tourism , tourism boards , us travel , US Travel Association

Photo credit: A view of the Golden Gate Bridge in 2020 in San Francisco, California. David Yu / Flickr / Creative Commons

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5 of 10 richest cities in APAC, Delhi among top 50 cities for millionaires

By growth, seven of the 10 leading millionaire cities are located in apac, including five in china and two in india..

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