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Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Second Home Hotspots for the World's Multi-Millionaires

New York's multimillionaire second home buyers are primarily from the rest of the United States, but a large number, too, hail from the UK, Europe as well as the BRIC countries (Brazil, Russia, India, China).

| BY Donald Liebenson

Seven-in-ten of ultra high net worth households own second, or vacation, homes, according to Spectrem’s Millionaire Corner research. Nearly four-in-ten (37 percent) own a third. Where do the world’s wealthy like to set up their getaways?

A new report released by New World Wealth, a global wealth consultancy firm, maps out the world’s “second home hotspots” for households with net assets of at least $10 million. London tops the list with 22,300 multi-millionaires with second homes. This is in addition to the 9,700 resident multi-millionaires already living there.

New York City is second on the list with 17,400 multi-millionaire second home owners. Rounding out the top five of the world’s second home hotspots are Hong Kong (14,800), Singapore (11,200) and Dubai (8,200).

The bulk of London’s multi-millionaire second home buyers come from the rest of the UK and Europe, but there are also a substantial number of buyers from China, India, Russia and the Middle East. Middle East mult-millionaires comprise the majority of second home buyers in Dubai, the report states.

New York's multimillionaire second home buyers are primarily from the rest of the United States, but a large number, too, hail from the UK, Europe as well as the BRIC countries (Brazil, Russia, India, China). The majority of Hong King’s multi-millionaire second home buyers come from mainland China.

Rounding out the New World Wealth list of the world’s second home hotspots for multimillionaires are:

  • 6. The Hamptons (7,800 multimillionaires)
  • 7. Paris (6,400)
  • 8. Zurich (6,200)
  • 9. Geneva (5,600)
  • 10. Rio (4,400)
  • 11. Miami (4,000)
  • 12. Los Angeles (3,700)
  • 13. Palm Beach (3,400)
  • 14. Monaco (3,000)
  • 15. Rome (2,800)
  • 16. Sydney (2,500)
  • 17. Cape Town (2,100)

At $50,400 per square metre, Monaco can take bragging rights for the most expensive of the second home hotspots, followed by London ($42,000) and Hong Kong ($36,000).

The New World Wealth study is based on a sample of 4,500 global multi-millionaires with second homes.



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.