Can You Afford to Live Where the Billionaires Do? Residency by Investment in the World’s Most Expensive Cities

The world’s wealthiest individuals gravitate toward a handful of iconic cities that promise not only luxury but also exclusivity, stability, and world-class services. These ultra-expensive urban centers are more than just glamorous destinations—they’re gateways to global influence and investment opportunity. For high-net-worth individuals (HNWIs), living in these cities isn’t just about real estate; it’s a strategic lifestyle move.

But access to these coveted cities isn’t always simple—unless you know the right channels. Enter residency by investment programs: a legitimate route for investors to live, work, and thrive where the billionaires do.

Table of Contents

What Is Residency by Investment?

Residency by investment (RBI) refers to the process of acquiring the legal right to reside in a foreign country in exchange for a significant financial contribution. Unlike tourist visas or standard immigration processes, these programs fast-track approval for individuals who invest in government bonds, real estate, or national development funds.

Unlike citizenship by investment, which grants a second passport, residency programs provide long-term stay rights, often with the possibility of naturalization later. They appeal to entrepreneurs, investors, and families seeking lifestyle, education, or tax advantages.

The Price of Prestige: Top 5 Most Expensive Cities to Live In

Living like a billionaire means settling in one of the most expensive cities in the world. According to the latest global studies, cities like Monaco, Hong Kong, and Zurich consistently top the rankings for cost of living, driven by astronomical real estate prices, exclusive goods, and premium services.

Here are five of the most expensive cities where billionaires live and invest:

Monaco: A tax haven where luxury yachts and sports cars are the norm.
Hong Kong: A densely packed financial hub with premium skyscrapers and limited land.
Singapore: The Asian tiger known for its pristine cleanliness and global business climate.
Zurich: Switzerland’s banking capital with quiet wealth and Alpine charm.
New York City: The cultural and financial heartbeat of the U.S., with Central Park penthouses costing millions.

Monaco: The Playground of the Ultra-Rich

With a population of under 40,000, Monaco is the epitome of luxury and exclusivity. There’s no income tax, and its stunning Mediterranean coastline attracts billionaires from around the globe. Residency in Monaco is possible through financial means—typically by proving sufficient income and committing to live in the country for a substantial portion of the year.

To become a resident, applicants must open a Monaco bank account with a minimum deposit (often over €500,000), secure housing, and physically reside there for at least 183 days per year.

Singapore: Where Clean, Green, and Safe Comes at a Price

Singapore is known for its efficiency, safety, and pro-business policies. It’s also one of the most expensive cities to live in, with luxury apartments often exceeding $5,000 per square foot.

Residency by investment is possible through the Global Investor Programme (GIP), which requires a minimum investment of SGD 2.5 million in a new or existing business or a qualifying fund. The GIP grants permanent residency to individuals who contribute significantly to the local economy—ideal for entrepreneurs and company founders.

Zurich: Switzerland’s Financial Gem

Switzerland is prized for its political neutrality, high standard of living, and privacy-friendly banking system. Zurich, in particular, is a financial powerhouse where the cost of real estate and services reflect its status.

Foreign nationals can apply for residency through a lump-sum taxation agreement with the canton government. This means instead of regular income tax, residents pay a fixed fee—usually CHF 250,000 or more—based on their lifestyle. No employment in Switzerland is allowed under this route, making it popular among retirees and HNWIs.

New York City: The American Dream with a Hefty Price Tag

The U.S. offers one of the most well-known RBI routes: the EB-5 Immigrant Investor Program. For a $800,000–$1,050,000 investment in a U.S. business that creates at least 10 jobs, individuals and their families can obtain a green card.

New York City remains a magnet for global elites despite its high property taxes and living costs. From penthouse suites in Tribeca to investment in local real estate projects, NYC offers a unique mix of opportunity and prestige.

Hidden Costs: Beyond the Investment Threshold

It’s not just about the entry ticket. Living in the world’s most exclusive cities comes with significant ongoing costs:

Real estate: Often the largest initial and recurring expense.
Healthcare: Premium care often means private insurance plans.
International schools: Tuition for children can range from $20,000 to $50,000 per year.
Legal and tax services: Complex reporting and cross-border tax advice are essential.

On top of this, some residency programs have physical presence requirements or renewal fees that must be factored into the long-term budget.

Is It Worth It? Balancing Lifestyle, Security, and Global Access

For those with the means, residency by investment in one of the most expensive cities in the world offers more than just prestige. These cities offer:

Security: Both physical safety and financial/legal stability.
Global mobility: Residency often leads to easier travel or dual citizenship options.
Business connectivity: Global hubs that attract international investors and talent.
World-class lifestyle: From Michelin-star dining to designer boutiques, life here is curated to perfection.

The question isn’t just “Can you afford it?”—it’s “Is this aligned with your long-term personal and financial goals?”

Is Living Like a Billionaire Within Reach?

Residency by investment isn’t just for the ultra-rich—many programs are accessible to those with high, but not outrageous, net worth. It’s a smart move for investors looking to gain freedom of movement, access world-class services, or relocate to a more stable jurisdiction.

Living in the most expensive cities in the world requires not only money but also strategy. Whether you’re planning to settle in Monaco, launch a startup in Singapore, or invest in Manhattan real estate, your journey starts with the right residency plan.

A Day-by-Day Itinerary for the Short Everest Base Camp Trek