Ultra-rich Americans own an average of 9 homes — here’s where they are

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Villa Les Cèdres, in the exclusive town of Saint-Jean-Cap-Ferrat in France, was recently named the world’s richest listing.

When you’re a billionaire, where do you keep your second home? What about your ninth?

The mega-rich of the U.S. are largely keeping their foreign properties in the Americas, according to a new study from AIG Private Client Group, a division of American International Group (AIG) that caters to “ultra high net worth” clients. These clients, defined as those who pay an excess of $250,000 in annual personal insurance premiums, amount to several hundred of AIG Private Client Group’s customers, which includes 40% of the Forbes 400 wealthiest Americans.

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