Top 10 wealthiest cities in the world in 2025
In 2025, the global map of wealth is going through some exciting changes. The newest report by Henley & Partners, in collaboration with New World Wealth, gives us a peek into where the world's richest people are living these days.
And let's just say — it's not only about the usual suspects like New York and London anymore. Tech hubs, tax-friendly cities, and lifestyle magnets are stepping up fast.
New York City
New York City is still king of the hill when it comes to wealth. It's home to a jaw-dropping 384,500 millionaires, 818 centi-millionaires (people worth $100 million or more), and 66 billionaires. Despite the rising cost of living and some ongoing crime concerns, NYC's charm hasn't faded for the ultra-wealthy.
With Wall Street, luxury real estate, Broadway, and global cultural clout, it continues to reign as the ultimate money magnet.
The Bay Area
Right behind is The Bay Area, covering San Francisco and Silicon Valley, which now hosts 305,700 millionaires, a huge jump over the last decade. This region has seen a 98% surge in millionaire count since 2013, making it one of the fastest-growing wealth hubs in the world. Big Tech — think Apple, Meta, Google — and a culture of innovation are clearly paying off.
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Tokyo
Tokyo remains Asia's richest city with 298,300 millionaires. Its economic stability, strong corporate base, and tech sector have kept it consistently near the top. Despite not having as many billionaires as some other global cities, Tokyo remains an economic powerhouse with deep-rooted wealth.
Singapore
Singapore, though small in size, is making massive waves. With 244,800 millionaires and 30 billionaires, this city-state is turning into a favorite for global high-net-worth individuals. Why? Pro-business policies, safety, no capital gains tax, and a super-clean, well-run environment — what's not to love?
Los Angeles
Then there's Los Angeles, where glitz meets business.
With 212,100 millionaires, 516 centi-millionaires, and 43 billionaires, LA isn't just about movie stars anymore. It's also a serious hub for tech, real estate, and entertainment money.
London
London, once a clear leader, has slipped to sixth place. The city now has 227,000 millionaires, but that number has dropped by 15% over the past decade. Thanks to Brexit, higher taxes, and shifts in its non-domicile rules, the ultra-rich are slowly drifting away from the UK's capital.
That said, London still has immense cultural and historical pull, so it's not out of the game yet.
Paris
In Paris, luxury drives wealth. With 165,000 millionaires and a booming fashion and luxury industry, the French capital continues to attract the rich. Its iconic charm, food, fashion houses, and old-money families help it retain a strong position among the elite cities.
Hong Kong
Hong Kong, despite recent political and economic uncertainties, continues to be a top financial center.
It houses 143,400 millionaires and remains a gateway to China for global investors. Real estate and finance dominate the city's wealth profile, though the growth rate has slowed.
Sydney
Sydney is one of the fastest-growing cities in terms of millionaire count, now home to 142,700 millionaires. The city benefits from a strong property market, growing tech industries, and a high quality of life. It's increasingly seen as a haven for wealthy individuals looking for stability and sunshine.
Chicago
Rounding out the top 10 is Chicago, with 120,500 millionaires. Known for its diversity in industry — from finance to healthcare and even manufacturing — Chicago has quietly remained a key city for wealth in the US.
Interestingly, some other cities are climbing the ranks fast. Dubai is now in 18th place with 72,500 millionaires, a 102% growth in the past decade. Its zero income tax, luxury lifestyle, and safe environment make it a magnet for the wealthy, especially from Russia, India, and Africa.
Even Shenzhen and Hangzhou in China have seen explosive growth — over 100% — driven by booming tech sectors and entrepreneurship.
On the other hand, Seoul has slipped down the list, falling five places this year to 24th. While still a strong economy, the pace of wealth creation there seems to be slowing down compared to other Asian hubs.
So, whether you're watching real estate trends, startup hotbeds, or the next luxury destination, this latest wealth map shows that money is not just staying put — it's moving fast, and cities are competing harder than ever to attract it. And with digital nomads, remote work, and new visa schemes, we're likely to see even more shake-ups in the coming years.
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