Wealth
The Cities with the Most Millionaires and Billionaires 💸
![The Cities with the Most Millionaires and Billionaires 💸](/_next/image?url=https%3A%2F%2Fcdn.voronoiapp.com%2Fpublic%2Fimages%2Fvoronoi-The-Cities-with-the-Most-Millionaires-and-Billionaires--20240607133847.webp&w=3840&q=75)
What We’re Showing
This graphic shows the top 20 cities with the highest number of millionaires and billionaires worldwide in 2023, based on data from the Henley & Partners World’s Wealthiest Cities Report 2023.
Key Takeaways
- New York City takes top spot, with 340,000 millionaires in 2023. It also has the highest number of centi-millionaires, at 724.
- Falling in second is Tokyo, boasting a millionaire population of 290,300 residents. Roughly one fifth of Japan's millionaires live in the city.
- The Bay Area surpasses all other cities in the number of billionaires, with 63 in total—beating out New York City (58) and Beijing (43).
- Closing off the list of millionaires is Dubai, the only city on both lists from the Middle East, with 68,400 millionaires and 15 billionaires.
Shanghai's Fast-Growing Millionaire Population
Shanghai experienced the fastest growth in millionaire residents across the top 20 cities, with a 72% increase between 2012 and 2022.
This year it ranked 9th in terms of cities with the most millionaires and 5th when it came to billionaires.
Dataset
Rank (by millionaires) | City/Area | Country | HNWIs / Millionaires (USD >$1M) | Billionaires (USD >$1B) |
---|---|---|---|---|
1 | New York City | USA | 340,000 | 58 |
2 | Tokyo | Japan | 290,300 | 14 |
3 | The Bay Area | USA | 285,000 | 63 |
4 | London | UK | 258,000 | 36 |
5 | Singapore | Singapore | 240,100 | 27 |
6 | Los Angeles | USA | 205,400 | 42 |
7 | Hong Kong | Hong Kong (SAR China) | 129,500 | 32 |
8 | Beijing | China | 128,200 | 43 |
9 | Shanghai | China | 127,200 | 40 |
10 | Sydney | Australia | 126,900 | 15 |
11 | Chicago | USA | 124,000 | 24 |
12 | Toronto | Canada | 105,200 | 18 |
13 | Frankfurt | Germany | 102,200 | 16 |
14 | Zurich | Switzerland | 99,300 | 12 |
15 | Houston | USA | 98,500 | 20 |
16 | Seoul | South Korea | 97,000 | 24 |
17 | Melbourne | Australia | 96,000 | 10 |
18 | Paris | France | 93,000 | 16 |
19 | Geneva | Switzerland | 85,800 | 15 |
20 | Dubai | UAE | 68,400 | 15 |
48
0
25.4K