The Cities With The Most Billionaires 2025

Forbes

02-04-2025

The world's 3,028 billionaires are spread across more than 800 cities around the globe, from Feldmeilen, Switzerland to Ezulwini, a small town in the western part of Eswatini–better known by its former name, Swaziland, in southern Africa.
Yet nearly a quarter of them, worth a combined $3.3 trillion, have chosen to make their primary residence in one of just ten cities in six countries, according to Forbes' latest World's Billionaires list.
The Big Apple is home to the most billionaires yet again, with 123 of them–worth a combined $759 billion. New York City has ranked as the top city for billionaires for all but one of the past 12 years. (Beijing was No. 1 in 2021.) Of the billionaire New Yorkers, 68 are finance and investment magnates, 13 are real estate moguls and 12 are in fashion and retail.
Moscow comes in second place, with 90 billionaires–16 more than a year ago. The growth in billionaire residents pushed Moscow ahead of Hong Kong, which tied for the No. 2 city last year. Moscow's billionaires are worth $409 billion.
Hong Kong, one of three Chinese cities in the top ten, is No. 3, with 72 billionaires.
After dropping one spot each year since 2022, the number of London billionaires is growing again. The city saw a net gain of nine billionaires over the past year, buoying the British capital's rank to No. 4. Mumbai, meanwhile, dropped from No. 4 last year to No. 6, with 67 billionaires worth $349 billion–down two people from last year.
Forbes was unable to identify primary residences for 40 of the 3,028 billionaires on this year's list.
Los Angeles rounds out the list two positions lower than last year with 56 billionaires worth a combined $243 billion. Angelenos with three-comma fortunes include Rihanna ($1.4 billion), LeBron James ($1.3 billion) and newcomer Arnold Schwarzernegger ($1.1 billion). As Forbes did last year, Los Angeles residents include those living in cities throughout L.A. County, including Santa Monica and Hidden Hills (home to Kim Kardashian, $1.7 billion).
San Francisco's 58 billionaires are worth $217 billion, or $3.7 billion on average. The California city has gained eight billionaires since last year, helping elevate it to tie for No. 8. Seven of San Francisco's nine newcomers are cofounders of generative AI company Anthropic, including brother and sister Dario and Daniela Amodei (each worth an estimated $1.2 billion). The major OpenAI competitor is valued at $61.5 billion. The other two newcomers are Scale AI founder Alexandr Wang ($2 billion) and AppLovin Chief Technology Officer Vasily Shikin ($1.7 billion).
Shanghai dropped a spot since last year to tie at No. 8 on the list with 58 billionaires–still a net gain from last year's 54. Colin Huang, cofounder of PDD Holdings (parent company of Temu), remains the city's richest resident with a $42.3 billion fortune. Five newcomers in Shanghai this year are worth a combined $7.7 billion. The list includes Shanghai Allist Pharmaceuticals cofounder and chairman Du Jinhao ($1.9 billion) and Zhu Weisong ($1.7 billion), CEO of toy maker Bloks Group.
The city-state moved up two spots from No. 9 last year. It is home to 60 billionaires worth a collective $259 billion–a more than $100 billion jump from last year. One person accounts for more than a quarter of the total wealth in the locale: Zhang Yiming ($65.5 billion), a Chinese citizen, is the main cofounder and former chairman of ByteDance, best known for its app TikTok. His fortune has grown by more than $20 billion over the past year, making him China's richest person.
Mumbai dropped two spots to No. 6 since last year, partly due to the net loss of two billionaires and partly because it got overtaken by London and Beijing. Mukesh Ambani ($92.5 billion), the chairman of Reliance Industries, remains Asia's richest person, despite a more than $20 billion decline in his fortune in the past year. Mumbai has six newcomers, including four members of the Doshi family: brothers Viren ($1.4 billion), Kirit ($1 billion), Pankaj ($1.2 billion) and Hitesh ($1.2 billion) Doshi, whose manufacturing company Waaree Industries went public in October.
Beijing keeps its No. 5 ranking, unchanged from a year ago. China's capital has five more billionaires than last year, but remains far from its 2021 high of 100 Beijing residents with three-comma fortunes. The 68 Beijing billionaires include Lei Jun ($43.5 billion), who is cofounder and CEO of smartphone maker Xiaomi. The newcomers this year include two from listed jewelry firm Laopu Gold, founder Xu Gaoming ($8.2 billion) and investor Chen Guodong ($1.2 billion); plus Yu Kai ($2 billion), the CEO of autonomous car part-maker Horizon Robotics.
London moves up two spots from No. 6 last year. The UK capital is home to 71 billionaires, including seven newcomers. One is Royal Caribbean heir Peter Preben Wilhelmsen ($2.7 billion), who still owns a stake in the world's second largest cruise ship company, cofounded by his father. Len Blavatnik is once again London's richest resident. Nearly half of his $29.9 billion comes from Warner Music, which he purchased in 2011 for $3.3 billion and took public nine years later at four times the value.
After tying with Moscow for second place in 2024, Hong Kong fell to No. 3 on this year's list, with 72 billionaires. Their combined fortunes also dropped $17 billion since last year. Despite the net loss of two billionaires, Hong Kong is home to two newcomers: Crypto entrepreneur Justin Sun ($8.5 billion) and Yang Qiumei ($1.6 billion), who inherited a stake in Chinese AI giant SenseTime after her husband, Tang Xiao'ou, who cofounded the company, died in 2023.
Moscow added the most billionaires this year, jumping from 74 to 90, including 11 newcomers. Together they are worth $409 billion, up $31 billion from a year ago. Oil magnate Vagit Alekperov is the wealthiest person living in Russia's capital; more than half of his estimated $28.7 billion fortune comes from his stake in oil company Lukoil.
New York retains its crown as the most popular city for the ultrawealthy for the fourth consecutive year, with 123 billionaires, 13 more than last year. Fifteen are newcomers to the list, including Blackstone CFO Michael Chae (estimated net worth $1.1 billion), comedian Jerry Seinfeld ($1.1 billion), Chipotle founder Steve Ells ($1 billion) and Wonder founder Marc Lore ($2.8 billion). Former mayor and financial data tycoon Michael Bloomberg ($105 billion) remains the city's richest resident, followed by Koch Industries heir Julia Koch ($74.2 billion).