Billionaire capitals of the world also hire the most household staff
While the tech sector eliminates positions by the tens of thousands, there is a niche industry that is having a bidding war for top talent -- domestic staffing for high-net-worth households. Data firm Altrata recently published results about the property wars with billionaires in major cities around the world; and as you might expect, wherever there are billionaires, there are wars for top-notch domestic staff. Those cities are:
Aspen and Monaco, no doubt, also top the list with concentrations of ultra-high net worth families and billionaires.
- New York
- London
- Hong Kong
- Los Angeles
- Miami
- San Francisco
- Beijing
- Singapore
- Chicago
- Washington DC
Aspen and Monaco, no doubt, also top the list with concentrations of ultra-high net worth families and billionaires.
Why do billionaires gravitate to the big American cities?
UHNW families and billionaires from all over the world buy second homes in the United States because of the access to the lifestyle, and having top domestic staffing talent plays a factor in that home purchase. Just some of the domestic staff that the ultra-rich are employing include:
And the list goes on... The super-rich want the very best staff, and roles with billionaires often pay double the national average. So, for example, a personal assistant salary at $60,000 a year in the Midwest would pay twice that in New York City working for an ultra-high net worth family.
- Personal assistant
- House manager
- Chief of staff
- Executive housekeeper
- Lifestyle manager
- Executive assistant
And the list goes on... The super-rich want the very best staff, and roles with billionaires often pay double the national average. So, for example, a personal assistant salary at $60,000 a year in the Midwest would pay twice that in New York City working for an ultra-high net worth family.
The billionaire capitals of the world can be accessed on our global networking page.
