The top 10 cities around the world with the most ultra-wealthy people (2024)

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What is the most popular city for ultra wealthy people? ›

After creating all the parameters and crunching all the numbers, the team named New York City the wealthiest in the world, where one out of every 24 residents is a millionaire.

With 110 billionaires—9 more than last year—New York City retains its status as the billionaire capital.

The World of Statistics' Hurun Global Rich List 2024 recently published a list of the world's wealthiest cities with the highest number of billionaires as residents. The United States' New York City comes out on top in this regard.

New York City

Of all the cities in the US, it's little surprise that the Big Apple has the most millionaires. New York City had 349,500 as of December, a jump of 48% compared to 2013, the Henley and Partners' report said. This means about 7% of all millionaires residing in the US live in the city.

New York City has been named the richest city in the world, with 349,500 millionaires and 60 billionaires, according to a report from consulting firm Henley & Partners in collaboration with analytics firm New World Wealth. The U.S. is home to 11 of the 50 richest cities in the world.

New York City has been found to be the world's wealthiest city by research that ranks the number of 'high-net-worth individuals', with London coming fourth. Research by investment firm Henley and Partners found that the US city has 340,000 individuals with a wealth of $1 million (£817,000) or more.

London is the world's top location for the super-rich, with 4,364 people with $30 million or more in assets. Tokyo is second with 3,575, followed by Singapore (3,227), New York (3,008) and Hong Kong (2,690). The table below shows the top 20 cities with the most ultra-high-net-worth individuals.

Where do billionaires live the most? ›

California takes the gold in that regard, with five of its cities (Rancho Palos Verdes, Laguna Beach, Walnut Creek, Cerritos and Novato) ranking in the top 20 richest retirement town list. The Golden State is followed closely by Florida, where four cities (Naples, Palm Valley, Lakewood Ranch and Palm City) ranked.

Beijing has 128,200 resident millionaires, 354 centi-millionaires, and 43 billionaires. The official capital city of China, Beijing is the base for many of the world's largest companies. Its billionaire population is particularly high — only New York City and the Bay Area rank higher based on this measure.

The report highlights New York City, which has continued to maintain its position as the world's wealthiest city, with 11 other US cities joining the top 50 list. In contrast, Tokyo, which held the top spot a decade ago, has fallen to third place due to a decline in its high-net-worth individual population.

New York City is the wealthiest and most populous city with 340,000 HNWIs. UHNWIs constitute only 0.003% of the world's population and hold 13% of the world's total wealth. In 2017, there were 226,450 individuals designated as UHNWI with their combined total wealth increasing to $27 trillion.

New York still leads the U.S. and the world when it comes to wealthy cities. With nearly 350,000 millionaires and 60 billionaires, the Big Apple is the richest city in America, according to the USA Wealth Report from Henley & Partners and New World Wealth.

California ranks the #1 state for earning $1,000,000, with 17.9% of its population being millionaires. New York state is the #2 best state for becoming a millionaire. Mississippi comes in dead last on the states list with only a 4% chance of becoming a millionaire.

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