The World's Wealthiest Cities in 2025
LONDON, April 8, 2025 /PRNewswire/ -- The US continues to dominate, with 11 cities on the Top 50 Cities for Millionaires list in the latest World's Wealthiest Cities Report 2025 ranking, led by New York in 1 st place with 384,500 high-net-worth individuals (including 818 resident centi-millionaires and 66 billionaires). According to the 4 th edition of the annual report published by Henley & Partners and New World Wealth, the Bay Area (San Francisco and Silicon Valley), in 2 nd place with 342,400 resident millionaires, is now home to more billionaires (82) than the Big Apple and continues to thrive as the epicenter of technological wealth creation, enjoying exceptional millionaire growth of 98% over the past decade.
Of the Top 50 cities, only Shenzhen (in 28 th place, with 142% millionaire growth, and now home to 50,800 millionaires), Hangzhou (35 th, with 108% growth and 32,200 millionaires), and Dubai (18 th with 102%) grew faster than the Bay Area between 2014 and 2024. Dubai (now boasting 81,200 resident millionaires) also takes the prize for the biggest climber in the Top 50 over the past year, moving from 21 st to 18 th place. Seoul is the biggest faller, dropping to 24 th place from 19 th last year.
Tokyo solidifies its position in 3 rd place with 292,300 millionaires, followed by Singapore in 4 th place with 242,400 resident millionaires.
Los Angeles (220,600 millionaires, including 516 centis and 45 billionaires) has now overtaken London to claim the 5 th spot, pushing the UK capital out of the Top 5 to 6 th place with just 215,700 millionaires (including 352 centi-millionaires and 33 billionaires). London and Moscow (which ranks 40 th, with 30,000 millionaires, including 178 centis and 23 billionaires) are the only two cities in the Top 50 that have recorded negative growth over the past decade, with their millionaire populations declining by -12% and -25%, respectively.
Paris (160,100 millionaires) clings onto 7 th place, while Hong Kong (154,900 millionaires), now in 8 th position, usurps Sydney (152,900 millionaires), pushing it down into 9 th place. Chicago (127,100) leapfrogs over both Beijing (which drops two places from 10 th to 12 th, now with 114,300 millionaires) and Shanghai (down three places from 11 th to 14 th with 110,500 millionaires) to claim a place in the Top 10 for the first time. Lisbon (50 th with 22,200 millionaires) makes its debut on the Top 50 list, with Auckland dropping off.
Fastest growing wealth hubs over the past decade
Besides Shenzhen, Hangzhou, and Dubai, other cities on the World's Fastest Growing Wealth Hubs list which have more than doubled their resident millionaire populations over the past 10 years, include US cities Scottsdale (125% growth) and West Palm Beach (+112%) and the "Silicon Valley of India", Bengaluru (+120%). Three other American cities — Miami (+94%) whose residents enjoy Florida's low state taxes, the US capital Washington DC (+92%), and Austin (+90%), dubbed "Silicon Hills" — have also seen notably high growth between 2014 and 2024, as have Polish capital Warsaw (+83% in resident millionaires), Emirati capital Abu Dhabi (+80%), and Riyadh (+65%), the capital city of Saudi Arabia.
Centi city hotspots over the next decade
Looking beyond the established wealth centers, the report also benchmarks wealth in over 100 Centi-Millionaire Hotspots worldwide, with a special spotlight on cities with high growth potential over the next decade (2025 to 2035) to reveal the emerging new geography of super-wealth.
Dubai (currently home to 237 centis) and Abu Dhabi (75 resident centis) lead the pack, with both Emirati cities projected to see their centi-millionaire populations more than double over the next 10 years. Explosive 100%+ growth is also forecast for Delhi (125 centi-millionaires) and Bengaluru (43) in India, and Warsaw (32 centis) and Athens (42 centis) in Europe
Smaller cities providing targeted investment migration pathways, including St. Julian's and Sliema in Malta (40 centis), Lugano in Switzerland (40 centis), and Latvia's Riga & Jūrmala (11 centis), are all forecast to see 100%+ growth rates in their centi-millionaire populations by 2035. And while no African or Central American cities make it into the Top 50, George Town and Seven Mile Beach in the Cayman Islands (currently home to 40 centis), San José & Santa Ana (17 centis) in Costa Rica, St. George's Parish (25 centis) and Hamilton Parish (22 centis) in Bermuda, Monterrey (10) in Mexico, Panama City (21 centis), South Africa's Cape Town (34 centis), Morocco's Marrakesh (14 centis), and Kenya's Nairobi (10 centis) are all forecast to see +100% growth in their super-wealthy communities before 2035.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Korea Herald
an hour ago
- Korea Herald
Instructure's Canvas LMS Enters South Korea to Strengthen Universities' Global Competitiveness
SEOUL, South Korea, June 12, 2025 /PRNewswire/ -- Instructure, the leading learning ecosystem and creator of Canvas, one of the most used learning management systems worldwide, today announced its entry into the South Korean market. This expansion marks a significant milestone in the company's mission to empower educators and learners worldwide with a secure, scalable, and modern learning management system. The launch in South Korea is made possible through a strategic partnership with Linus, the authorized partner of Canvas in the country, with over 10 years of experience in the Korean education market. Through this collaboration, educational institutions across the country will gain access to Canvas' full suite of tools and services through locally based employees, localized marketing presence, and enhanced language capability. "With Canvas LMS, learners in South Korea will gain access to world-class, student-centered learning experiences that unlock personalized and self-paced education," said Harrison Kelly, Managing Director of Asia Pacific at Instructure. "More importantly, Canvas by Instructure empowers institutions to bridge the gap between academic theory and real-world application, helping them deliver job-aligned content and credentials that prepare students for a rapidly evolving workforce. We're excited to bring all the fully featured LMS capabilities built in Canvas by Instructure to institutions in the country, supported by Linus's local expertise." Built to Scale, Secure by Design Unlike open-source LMS platforms that often rely on custom development and ongoing maintenance, Canvas by Instructure is engineered with a secure, enterprise-grade architecture that ensures long-term agility. With 99.9% annual uptime and hands-free updates, institutions can scale confidently while minimizing operational risks. Open Architecture for Seamless Integration Canvas is designed for extensibility. Through robust APIs and full support for Learning Tools Interoperability (LTI) standards, it integrates effortlessly with leading edtech tools, enabling institutions to build flexible, personalized learning ecosystems. Reliability, Resilience, and Risk Management Canvas provides built-in business continuity features, including automatic updates, disaster recovery, vulnerability patching, and rigorous security protocols—all of which support a reliable and safe learning experience for students and faculty alike. AI That Empowers Educators Canvas is also at the forefront of AI innovation in education. With AI-powered tools that support learner engagement and predictive analytics to help identify at-risk students, Canvas enables educators to personalize learning at scale and enhance student outcomes. "It is a great honor for Linus to become Instructure's first authorized partner in Korea," said Nah Suk Gyu, CEO of Linus. "Through this strong partnership with Instructure, a global leader in education technology, we are now able to contribute to enhancing the global competitiveness of Korean educational institutions with the world-class Canvas LMS." Instructure powers the delivery of education globally and reimagines the technologies that turn teaching and learning into opportunities. Today, the Instructure ecosystem of products connects the dots for educators and institutions by improving educational experiences at every age, every stage and every transitional moment — across K-12, higher education and the workforce. We encourage you to discover more at
Korea Herald
9 hours ago
- Korea Herald
Changan Sets Sights on 10 European Countries by End-2025
CHONGQING, China, June 12, 2025 /PRNewswire/ -- A news report from iChongqing: On June 7, the 2025 Chongqing International Auto Exhibition opened, with European media traveling to China to attend the event and visit Chinese automotive giant Changan Automobile. European media saw Changan's latest models and technologies at the Auto Chongqing 2025, visited Intelligent Digital Factory of Changan and its global R&D center. In the final assembly workshop, European visitors were impressed by the robotic precision of Changan's production line. Polish influencer Grzegorz Konieczny praised the factory's high level of automation, while during the highly anticipated test drive session, Italian vlogger Michele Ponte found the models comfortable and believed the larger one would appeal to the U.S. market. European media explored Changan's latest models and automotive technologies respectively at the global R&D center and Changan's laboratories. In addition to the factory tour and test drive activities, the European media also had face-to-face discussions with Chairman, ChangAn Automobile, Zhu Huarong, two Executive Vice Presidents — Li Mingcai, and Wang Xiaofei and Vice President Klaus Zyciora. During the discussion, Zhu addressed that Changan have always held deep respect for the European market and there are many brands which are all excellent peers that Chinese automakers, including Changan, look up to. To him, Europe is the most important market right now. Changan is accelerating its European roadmap. Zhu outlined the company's three-pronged strategy for 2025: product strategy and expansion targets. Zhu emphasized that Changan will focus on a selective product strategy, prioritizing a few high-volume models: the CHANGAN DEEPAL S07 and S05 in 2025. The company will start in Norway, expand to key European markets, and aims to enter 10 countries with nearly 200 dealers by year-end. Li added that the company is not only focused on BEVs, but is also actively developing PHEVs to meet broader consumer demands across Europe. He confirmed that models will begin entering the European market in Q3 2025. European media showed cautious optimism about Changan's prospects. German journalist Walther Wuttke stressed the importance of dealer networks and persistence, noting Changan's strong design and quality. Greek importer Aggelos Stefanopoulos called Chinese EVs like Changan game-changers, praising their comfort and alignment with European tastes. Michael Georgiadis, General Manager and GOCAR Magazine, highlighted Changan's design, tech, and value, adding that European familiarity with Chinese tech builds trust.
Korea Herald
10 hours ago
- Korea Herald
Experience the Charm of Guangxi and Embrace a Green Future Together
, June 11, 2025 /PRNewswire/ -- A report from China Trade News: A vibrant showcase of Guangxi's unique cultural heritage unfolded at the 2025 Osaka World Expo on June 11, as the Guangxi Week of the China Pavilion kicked off with a dazzling array of performances. The event featured Folk Songs for Dear Friends, highlighting the region's mountain song traditions; The Reunion, a puppet drama retelling the classic love story of Liang Shanbo and Zhu Yingtai; Fragrant Tea in Guangxi, a celebration of local culinary and cultural industries; and Thank You, a dynamic fusion of ethnic costumes, singing, and modeling. These performances offered global audiences a glimpse into the breathtaking beauty and rich culture of Guangxi. Mr. Liu Youming, Vice Chairman of the Standing Committee of the Guangxi Zhuang Autonomous Regional People's Congress, emphasized Guangxi's role as a "shining pearl" in southern China, renowned not only for its "landscapes second to none" but also for its openness and inclusivity. In recent years, Guangxi has actively implemented national strategies, driving high-quality economic and social development with notable achievements in sci-tech innovation, digital economy, and green growth. Since the 2005 Aichi Expo, Guangxi has participated in five consecutive World Expos, using its themed weeks to demonstrate its commitment to global cooperation. "Though geographically distant, Guangxi and Japan share a long-standing friendship," noted Mr. Wu Shengrong, Commissioner General of the China Pavilion and Director of the Exhibition Management Department at the China Council for the Promotion of International Trade (CCPIT). Bilateral trade reached 6.7 billion yuan in 2024, up 10.8% year-on-year, while Japanese tourist arrivals surged by 82.3%. On June 5, the Japan Association for the Promotion of International Trade visited Guangxi under CCPIT's invitation, signing a Memorandum of Cooperation with the CCPIT Guangxi Branch and co-hosted the Guangxi-Japan Economic and Trade Cooperation Exchange Forum. Mr. Xue Jian, Consul-General of China in Osaka, highlighted Guangxi's upcoming events, including the "Guangxi Products Silk Road Tour" exhibition, eco-environment and health industry promotions, and immersive cultural heritage experiences. He expressed hope that the Guangxi Week would deepen Japan-Guangxi exchanges and inject new momentum into China-Japan relations. Mr. Xue Jian, Consul-General of China in Osaka stated: "During this event, Guangxi will host a series of diverse activities, including the 'Guangxi Products Silk Road Tour' premium goods exhibition, presentations on its ecological environment and health industries, as well as immersive cultural tourism and intangible heritage experiences. These initiatives will comprehensively showcase Guangxi's breathtaking landscapes, rich cultural heritage, and dynamic development progress." He added, "We sincerely hope our Japanese friends from all sectors will seize this Guangxi Week opportunity to deepen exchanges, expand cooperation, and jointly write a new chapter of mutual benefit. May this effort inject more positive energy into the continued improvement and growth of China-Japan relations." Mr. Mitsu Nagano, Executive Director of the International Bureau at the Japan Association for the 2025 World Exposition, stated: "This World Expo offers visitors a rare opportunity to appreciate some of the world's most extraordinary exhibits up close, allowing them to explore diverse global cultures and broaden their horizons. Additionally, attendees can experience cutting-edge technological innovations. This demonstrates that the Expo is not merely a tourist attraction but also an intellectual and recreational experience. Guangxi, renowned for its pristine ecological environment and reputation as a 'Longevity Homeland,' holds great potential for enhanced exchanges and cooperation." Mr. Minoru Ikeda, Chairman of the Japan-China Economic Relations and Trade Center (JCC), stated: "As a non-governmental organization dedicated to promoting economic exchanges between Japan and China, the JCC has long engaged in extensive cooperation with various regions across China. Our member company, Arakawa Chemical Industries, established Wuzhou Arakawa Chemical Co., Ltd. in Guangxi's Wuzhou City in 1995, and the company continues its operations there to this day. Currently, Guangxi is experiencing robust development, and we hope more friends will visit to witness its latest progress firsthand, while enjoying its breathtaking landscapes, diverse culture, distinctive cuisine, and unique charm." During Guangxi Week, the opening ceremony of the Guangxi Week at the China Pavilion of Expo 2025 Osaka and the launch event of the "Guangxi Products Silk Road Tour – Expo Stop" were held. The activities also included exhibitions of Guangxi products and business matchmaking sessions at the Grand Prince Hotel Osaka Bay, featuring over 200 types of high-quality specialty products from Guangxi. Representatives from 35 renowned Guangxi enterprises engaged in trade discussions with more than 60 representatives from Japanese business associations and companies, facilitating the "going global" of Guangxi's traditional competitive products and promoting win-win cooperation between Guangxi's industries and the world. Following the opening ceremony performances, the artists divided into three groups—puppetry, lusheng (Miao reed-pipe wind instrument), and duxianqin (monochord)—and stationed themselves in three different areas of the exhibition hall to continue artistic showcases for the audience. The performances included puppet shows such as Lion Dance for Blessings and The Reunion, lusheng performances like Slope Dance and Dong Village Carnival Night, as well as duxianqin renditions of Breeze Over the Bridgeand and Folk Songs as Sweet as Spring Water. Concurrently, the Guangxi Intangible Cultural Heritage Exhibition and small-scale cultural performances were launched as regular activities, with scheduled shows held both inside and outside the China Pavilion from June 11 to 13. In the "Lush Mountains and Clear Waters" exhibition area on the first floor of the China Pavilion, daily demonstrations featured traditional crafts such as puppetry, round silk fans, embroidery, and pottery, along with a special exhibition of the Li River Painting School. Interactive activities including rubbing art production and ethnic costume experiences allowed visitors to engage directly with Guangxi's cultural heritage. At the outdoor area of the China Pavilion, two to three warm-up cultural performances were staged daily. These shows brilliantly combined Guangxi's ethnic minority traditions with local intangible cultural heritage operatic arts, showcasing the region's vibrant ethnic culture and its green development philosophy emphasizing harmony between humanity and nature, while creating a jubilant atmosphere. The Guangxi Week at the China Pavilion of Expo 2025 Osaka, themed "Magnificent Guangxi, Green Future," was organized by the People's Government of Guangxi Zhuang Autonomous Region, with CCPIT's Guangxi Branch serving as the implementing body. The event saw participation from 12 regional departments of Guangxi and municipal governments of Nanning, Guilin, Fangchenggang, and Hezhou. Approximately 100 distinguished guests from various sectors attended the opening ceremony and related events.
