In 2025, the world’s wealth is still concentrated in major global cities, but some new cities are quickly rising in the ranks. According to a report by Henley & Partners and New World Wealth, New York City remains the wealthiest city in the world, with about 384,500 millionaires, 818 centi-millionaires (those with over $100 million), and 66 billionaires. Despite high living costs and safety concerns, its strong financial sector and cultural appeal keep attracting the wealthy.
The Bay Area, which includes San Francisco and Silicon Valley, follows with 305,700 millionaires—a 98% increase over the past decade—thanks to the booming tech industry.
Tokyo holds the top spot in Asia, with 298,300 millionaires, supported by its stable economy and corporate strength.
Singapore is also gaining rapidly, now home to 244,800 millionaires and 30 billionaires. Its business-friendly policies, safety, and lack of capital gains tax make it very attractive to high-net-worth individuals.
Los Angeles, combining entertainment and business, hosts 212,100 millionaires, 516 centi-millionaires, and 43 billionaires, driven by industries like tech and real estate.
Paris remains the richest city in mainland Europe with 165,000 millionaires, while Hong Kong, despite a slight drop, still has 154,900 millionaires due to its role as a financial hub. Sydney has climbed up the list with 152,900 millionaires, thanks to its economic growth and high quality of life. Finally, Chicago rounds out the top 10 with 127,100 millionaires, benefiting from a diverse economy and strategic location. These rankings show that financial powerhouses continue to thrive, while emerging cities are becoming new centers of wealth.
