In brief
- New York is the wealthiest city in the world, with 384,500 millionaires and 66 billionaires.
- The San Francisco Bay Area is second with 342,400 millionaires and the most billionaires, 82.
- Tokyo, Singapore and Los Angeles complete the top five.
- London is the only top 10 city where millionaire numbers fell over the past decade, down 12%.
As of October 2026, New York is the wealthiest city in the world, home to 384,500 millionaires, 818 centi-millionaires and 66 billionaires, according to the most recent World’s Wealthiest Cities Report by Henley & Partners and New World Wealth. The San Francisco Bay Area is second and Tokyo third.
The report counts residents with liquid investable wealth of at least $1 million. Property owned as a home is not included. Centi-millionaires hold $100 million or more and billionaires $1 billion or more. The figures below come from the 2025 edition, the latest we could verify.
Wealthiest cities in the world: top 10
| Rank | City | Millionaires | Billionaires |
|---|---|---|---|
| 1 | New York, US | 384,500 | 66 |
| 2 | San Francisco Bay Area, US | 342,400 | 82 |
| 3 | Tokyo, Japan | 292,300 | Not published |
| 4 | Singapore | 242,400 | Not published |
| 5 | Los Angeles, US | 220,600 | 45 |
| 6 | London, UK | 215,700 | 33 |
| 7 | Paris, France | 160,100 | Not published |
| 8 | Hong Kong | 154,900 | Not published |
| 9 | Sydney, Australia | 152,900 | Not published |
| 10 | Chicago, US | 127,100 | Not published |
Source: Henley & Partners and New World Wealth, World’s Wealthiest Cities Report 2025. “Not published” means the figure was not given in the report’s public summary.
Also read10 Richest Fictional Characters in the World (2026 Ranking)1. New York: 384,500 millionaires
New York has led the ranking for years. Along with its 384,500 millionaires, it has 818 residents worth $100 million or more and 66 billionaires.
Wall Street, the headquarters of large companies and the city’s role as a base for global investors keep it at the top. An earlier edition of the report estimated the total wealth held by New York residents at more than $3 trillion.
2. San Francisco Bay Area: 342,400 millionaires
The Bay Area, which covers San Francisco and Silicon Valley, has 342,400 millionaires. It has more billionaires than New York, with 82, most of them linked to technology companies.
Its millionaire population grew by 98% over the 10 years to 2024, one of the fastest rates among the world’s largest wealth centres. The area is home to many of the largest technology companies and the investors who fund new ones.
3. Tokyo: 292,300 millionaires
Tokyo is the wealthiest city in Asia, with 292,300 millionaires. Its wealth is spread across a large professional class and many long-established family businesses.
Its millionaire numbers have grown more slowly than those of Shenzhen, Hangzhou or Singapore, but it remains well ahead of every other Asian city.
4. Singapore: 242,400 millionaires
Singapore has 242,400 millionaires. Low taxes, political stability and a strong banking sector attract wealthy families and family offices from across Asia and beyond.
It is one of the main destinations for millionaires moving abroad, which has helped it rise steadily in the ranking.
5. Los Angeles: 220,600 millionaires
Los Angeles has 220,600 millionaires, 516 centi-millionaires and 45 billionaires. Entertainment, media, real estate and technology drive its wealth.
Areas such as Beverly Hills, Bel Air and Malibu have some of the most expensive homes in the US. For more on top-end property, see our list of the most expensive penthouses in the world.
6. London: 215,700 millionaires
London has 215,700 millionaires, 352 centi-millionaires and 33 billionaires. It is the only city in the top 10 where the number of millionaires fell over the past decade, down 12%.
Even after that fall, London has more millionaires than any other city in Europe and remains a major base for global finance and private banking.
7. Paris: 160,100 millionaires
Paris has 160,100 millionaires and is the wealthiest city in continental Europe. It is home to several of the world’s largest luxury goods companies, whose founding families rank among the richest people in the world.
The city also has a large base of private banks and family-owned businesses, which supports its position as a leading European wealth centre.
8. Hong Kong: 154,900 millionaires
Hong Kong has 154,900 millionaires. It remains a major financial centre and a gateway for investment in and out of mainland China, although it has faced competition from Singapore for wealthy residents.
9. Sydney: 152,900 millionaires
Sydney has 152,900 millionaires. It is the wealthiest city in Australia, with finance, property and mining-linked businesses among its main sources of wealth.
10. Chicago: 127,100 millionaires
Chicago entered the top 10 for the first time in the 2025 edition, with 127,100 millionaires. Finance, trading and professional services are its main sources of wealth.
Its entry means four of the top 10 cities are in the US, more than any other country.
Fastest-growing wealth cities
Among the 50 cities in the main ranking, Shenzhen grew its millionaire population by 142% between 2014 and 2024, ahead of Hangzhou at 108% and Dubai at 102%. Scottsdale, West Palm Beach, Miami and Austin in the US also grew quickly.
Bengaluru stands out for India, with 120% growth in resident millionaires over 10 years. The report expects the number of centi-millionaires in both Bengaluru and Delhi to more than double by 2035. To compare wealth at a national level, see the richest countries in the world.
How the ranking works
The report counts people by the city where they live and work, using data from wealth managers and public sources. It measures liquid wealth, such as shares, cash and business stakes, and excludes main homes. That is why a city with very high property prices can still rank below one with more business owners.
Sources: Henley & Partners press release: The World’s Wealthiest Cities in 2025, Henley & Partners: World’s Wealthiest Cities Report 2025, Private Banker International: NYC sits on over $3trn in total wealth.
Frequently asked questions
Which is the wealthiest city in the world?
New York is the wealthiest city in the world. According to Henley and Partners and New World Wealth, it has 384,500 millionaires, 818 centi-millionaires and 66 billionaires, more millionaires than any other city.
Which city has the most billionaires?
The San Francisco Bay Area has the most billionaires of any city in the Henley and Partners ranking, with 82. New York has 66 and Los Angeles 45. Most Bay Area billionaires made their money in technology.
What is the wealthiest city in Asia?
Tokyo is the wealthiest city in Asia, with 292,300 millionaires. Singapore is second in Asia with 242,400, followed by Hong Kong with 154,900. Shenzhen and Hangzhou are the fastest-growing Asian wealth centres.
Is any Indian city among the wealthiest in the world?
No Indian city is in the global top 10, but Bengaluru is one of the fastest growing, with 120% growth in resident millionaires over the past decade. Henley and Partners expects centi-millionaires in Bengaluru and Delhi to more than double by 2035.
How is a wealthy city measured?
Henley and Partners counts residents with at least $1 million in liquid investable wealth, such as cash, shares and business stakes. Main homes are excluded. It also counts centi-millionaires, worth $100 million or more, and billionaires.
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