Luxury homes, gleaming skylines, and economic ambition—some cities have it all. According to the 2025 Henley & Partners report in collaboration with New World Wealth, the global elite continue to cluster in certain cities. This exclusive annual study ranks cities by the number of millionaires, centi-millionaires (those worth over $100 million), and billionaires.
From booming tech hubs in the U.S. to thriving Asian financial capitals, this year’s top 10 wealthiest cities are not just status symbols but indicators of where capital and opportunity are flowing.
Let’s dive into the most sought-after urban havens for the world’s wealthiest individuals.
Top 10 Wealthiest Cities in the World (2025)
| Rank | City | Country | Millionaires | Centi-Millionaires | Billionaires | Millionaire Growth |
|---|---|---|---|---|---|---|
| 1 | New York City | United States | 384,500 | 818 | 66 | 45% |
| 2 | Bay Area (CA) | United States | 342,400 | 756 | 82 | 98% |
| 3 | Tokyo | Japan | 292,300 | 262 | 18 | 4% |
| 4 | Singapore | Singapore | 242,400 | 333 | 30 | 62% |
| 5 | Los Angeles | United States | 220,600 | 516 | 45 | 35% |
| 6 | London | United Kingdom | 215,700 | 352 | 33 | -12% |
| 7 | Paris | France | 160,100 | 277 | 22 | 5% |
| 8 | Hong Kong | China | 154,900 | 346 | 40 | 3% |
| 9 | Sydney | Australia | 152,900 | 224 | 22 | 28% |
| 10 | Chicago | United States | 127,100 | 295 | 25 | 24% |
New York City: The Undisputed Wealth Capital
With over 384,000 millionaires, 818 centi-millionaires, and 66 billionaires, New York City holds tight to its crown as the world’s wealth capital. The city’s appeal lies in its robust financial markets, especially Wall Street, paired with top-tier real estate, fashion, and entertainment industries.
Its 45% growth in millionaire population from the previous decade is a testament to its continued dominance.
Bay Area: Silicon Valley’s Billionaire Factory
Close on NYC’s heels, California’s Bay Area, home to Silicon Valley and San Francisco, has become a billionaire magnet. It’s seen a jaw-dropping 98% surge in millionaires since 2015, boasting 342,400 millionaires and 82 billionaires.
As big tech continues to mint wealth, this region’s appeal is only growing. Expect more unicorn startups and IPOs to continue fueling this growth.
Asia’s Rising Stars: Tokyo and Singapore
Tokyo remains Asia’s wealthiest city with 292,300 millionaires, but its growth has been modest at 4%. Meanwhile, Singapore is rapidly climbing, with 62% millionaire growth, showcasing its status as a regional financial hub and safe haven for wealth.
Singapore’s low tax regime, high safety standards, and stable economy make it a magnet for HNWIs (High Net-Worth Individuals).
London: The Only Decliner in the Top 10
Surprisingly, London is the only city in the top 10 to report a decline in its millionaire population, down 12%. Political uncertainties post-Brexit and growing regulatory burdens have nudged wealthy individuals toward alternative hubs like Dubai and Zurich.
Despite this, the British capital still boasts a significant 215,700 millionaires and remains a global center for luxury and finance.
Los Angeles: More Than Just Hollywood
The City of Angels isn’t just about showbiz anymore. With 220,600 millionaires, LA has diversified into tech, biotech, and fashion, helping it register a strong 35% growth.
The appeal of its weather, culture, and growing VC activity continues to make it a destination for entrepreneurs and investors alike.
Europe’s Elegant Entrants: Paris
Paris holds steady with 160,100 millionaires, thanks to its luxury brands, real estate, and growing tech scene. A modest 5% growth reflects the city’s slow but stable wealth expansion.
Hong Kong: Wealth Held Steady
Once a regional leader, Hong Kong has seen limited growth (3%) amidst geopolitical tensions. But with 154,900 millionaires, it remains a key player in the Asian wealth landscape.
Sydney and Chicago: Quiet Climbers
Sydney continues its upward climb with 28% millionaire growth, while Chicago logs in 127,100 millionaires—fueled by its finance and healthcare sectors.
Key Trends & Takeaways
- Tech dominance: Cities like the Bay Area and Los Angeles are booming thanks to their innovation economies.
- Asia’s ascent: Singapore is on fire with the highest growth among the top 10.
- European decline: London’s fall signals a shift in Europe’s wealth dynamics.
Final Thoughts
The global map of wealth is evolving. While New York remains king, cities like Singapore and the Bay Area are redefining what wealth migration looks like in 2025. Investors and entrepreneurs are watching these trends closely—not just for lifestyle, but for opportunity.
To read more about luxury living, investment trends, and high-net-worth migration, stay tuned at ImpactWealth.Org.
