New York City Crowned World's Richest City with 384,500 Millionaires in 2025, Report Finds
New York City Crowned World's Richest City with 384,500 Millionaires in 2025, Report Finds
NEW YORK, USA – New York City has once again cemented its status as the world's undisputed wealth capital, topping the global list with an astonishing 384,500 millionaires, according to a new report on the world's wealthiest cities in 2025.
The report, published by global wealth intelligence firm Henley & Partners, tracks the number of high-net-worth individuals (HNWIs) with investable wealth of $1 million or more. The findings highlight the continued dominance of established financial and tech hubs in attracting and cultivating wealth.
Following NYC, the Bay Area in Northern California, home to Silicon Valley, takes second place, with Tokyo, Singapore, and Los Angeles rounding out the top five. Other traditional powerhouses like London, Paris, and Hong Kong also feature prominently in the top 10.
Top 10 Millionaire Cities in 2025
| Rank | City | Millionaires | Key Sectors |
|---|---|---|---|
| 1 | New York City | 384,500 | Finance, Tech, Media |
| 2 | The Bay Area | 345,600 | Technology, Venture Capital |
| 3 | Tokyo | 305,200 | Finance, Electronics, Automotive |
| 4 | Singapore | 278,900 | Finance, Logistics, Tech |
| 5 | Los Angeles | 235,400 | Entertainment, Tech, Real Estate |
| 6 | London | 227,000 | Finance, Tech, Law |
| 7 | Paris | 145,100 | Luxury Goods, Tourism, Finance |
| 8 | Sydney | 126,900 | Finance, Real Estate, Resources |
| 9 | Hong Kong | 125,500 | Finance, Trade, Real Estate |
| 10 | Shanghai | 123,400 | Finance, Manufacturing, Tech |
The Anatomy of a Millionaire Capital
The report notes that these cities share common traits that make them "millionaire magnets." They serve as powerful engines of the global economy, dominated by high-paying sectors like finance and technology. They also offer a high standard of living, political stability, and lucrative real estate markets, which attract and retain talent and capital.
"The leading cities have a diversified economic base and offer a safe, stable environment for wealth," commented Dr. Juerg Steffen, CEO of Henley & Partners. "While tech is driving explosive growth in cities like the Bay Area, the enduring power of major financial centers like New York and London is undeniable."
While no Indian city has cracked the top 10 yet, the report highlights Mumbai and Bengaluru as two of the fastest-growing millionaire hubs globally, predicting they could enter the top rankings within the next decade.
The geography of wealth remains dynamic, but for now, these global capitals continue to be the world's most powerful beacons for the rich.
