Which cities around the world have the highest number of millionaires? Henley Global Citizens report, which tracks private wealth and investment migration trends worldwide, provides a list of top 10 cities with the most millionaires in 2022.
The report includes private wealth insights from industry experts, as well as exclusive statistics from the global wealth intelligence firm, New World Wealth. It also highlights emerging cities with the highest millionaire increase year to date.
So, which city has the most millionaires in 2022?
New York takes the top spot with 345,600 millionaires, according to the Henley Global Citizens report. The number of multi-millionaires (USD 10m+) in New York is 15,470, and there are 59 billionaires (USD 1bn+).
Half of the top 10 richest cities in the world are in the United States.
Top 10 wealthiest cities in 2022
1. New York, USA with 345,600 millionaires
2. Tokyo, Japan with 304,900 millionaires
3. San Francisco Bay Area, USA with 276,400 millionaires
4. London, UK with 272,400 millionaires
Read: 10 Most Expensive Cities in the World in 2021
5. Singapore with 249,800 millionaires
6. Los Angeles and Malibu, USA with 192,400 millionaires
7. Chicago, USA with 160,100 millionaires
8. Houston, USA with 132,600 millionaires
9. Beijing, China with 131,500 millionaires
10. Shanghai, China with 130,100 millionaires
The information is provided by wealth intelligence firm, New World Wealth, which is currently the only independent research firm routinely monitoring trends in the movement of private wealth across national borders and across cities. In its own database, the company keeps tabs on the whereabouts and spending patterns of more than 150,000 high-net-worth individuals (with a special emphasis on individuals with over USD 10 million in investable assets).
The information only contains citizens of each city (residents). Numbers related to high-net-worth individuals are rounded to the nearest 100. Figures for multimillionaires are rounded to the nearest 10. All growth rates are, in fact, expressed in US dollars because high-net-worth persons are those who have net assets of at least USD $1 million.
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