ByShahmeen Awan, writer at Creators.co

Which are the hottest cities for the world's ultra-wealthy? Global real estate consultant Knight Frank broke them down for us in its 2015 Wealth Report.

The report ranks the top 40 cities for "Ultra High Net Worth Individuals," meaning anyone with a net worth of $30 million or more. The ranking looks at business links, economic activity, quality of life, and the number of other super-rich people who live there.

"In short, these are the cities where the wealthy congregate, work, invest, are educated and spend their leisure time," the report says.

In other years, New York has been number one, but this year London edged it out. Several of the top 10 cities are in Asia.

Here's the full list:

London

New York

Hong Kong

Singapore

Shanghai

Miami

Paris

Dubai

Beijing

Zurich

Tokyo

Toronto

Geneva

Sydney

Taipei

Frankfurt

Moscow

Madrid

San Francisco

Vienna

Milan

Los Angeles

Jakarta

Munich

Amsterdam

Mumbai

Dublin

Johannesburg

Istanbul

Kuala Lumpur

São Paulo

Mexico City

Berlin

Washington, D.C.

Boston

Cape Town

Auckland

Buenos Aires

Rio de Janeiro

Tel Aviv

Read more: http://www.businessinsider.com/most-important-cities-for-the-wealthy-2015-3

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