The wealth landscape of the world is changing dramatically in 2025. Even if established financial hubs like other York and the Bay Area continue to hold their top spots, other cities like Singapore and Sydney are rapidly gaining popularity. Henley & Partners, in collaboration with New World Wealth, recently released a report that captures this trend.
1. New York City
With around 384,500 millionaires, 818 centi-millionaires (those with assets over $100 million), and 66 billionaires, New York City remains the richest city in the world. The city’s robust financial industry, upscale real estate market, and cultural impact continue to be important magnets for the ultra-wealthy despite problems including high living costs and safety worries.
2. The Bay Area
With a 98% increase in wealth over the last ten years, the Bay Area, which includes Silicon Valley and San Francisco, is now home to some 305,700 millionaires. The thriving tech sector and a robust innovation culture are major contributors to this upsurge.
3. Tokyo
With 298,300 millionaires, Tokyo is the richest city in Asia. Its steady wealth buildup is facilitated by technical breakthroughs, a robust corporate presence, and economic stability.
4. Singapore
With 244,800 millionaires and 30 billionaires, Singapore is becoming a popular resort for wealthy people.It is a desirable location for the wealthy due to elements including safety, capital gains tax exemption, and pro-business regulations.
5. Los Angeles
With 43 billionaires, 516 centimillionaires, and 212,100 millionaires, Los Angeles is a city that blends business and entertainment. Beyond its Hollywood appeal, the city is a major centre for real estate, technology, and many other industries.
6. London
London’s wealthy population has decreased by 15% in the last ten years, with 227,000 millionaires. This trend has been impacted by a number of factors, including Brexit, higher taxes, and modifications to domicile laws. London’s historical and cultural significance, however, continues to make it appealing.
7. Paris
With 165,000 millionaires living there, Paris continues to be the richest city in mainland Europe.The city’s fusion of business, fashion, and culture keeps drawing wealthy people.
8. Hong Kong
With 154,900 millionaires, Hong Kong is still a significant financial centre despite a minor decline. Its financial services industry and advantageous location continue to attract wealth.
9. Sydney
With 152,900 high-net-worth residents, Sydney has risen in the rankings. The city is becoming more and more popular with the wealthy due to its economic growth and high standard of living.
10. Chicago
With 127,100 millionaires, Chicago completes the top ten.It is a major hub for wealth in the US because of its strategically located and diverse economy.