The Cities with the Most Millionaires and Billionaires 💸

What We’re Showing

This graphic shows the top 20 cities with the highest number of millionaires and billionaires worldwide in 2023, based on data from the Henley & Partners World’s Wealthiest Cities Report 2023.

Key Takeaways

• New York City takes top spot, with 340,000 millionaires in 2023. It also has the highest number of centi-millionaires, at 724.
• Falling in second is Tokyo, boasting a millionaire population of 290,300 residents. Roughly one fifth of Japan's millionaires live in the city.
• The Bay Area surpasses all other cities in the number of billionaires, with 63 in total—beating out New York City (58) and Beijing (43).
• Closing off the list of millionaires is Dubai, the only city on both lists from the Middle East, with 68,400 millionaires and 15 billionaires.

Shanghai's Fast-Growing Millionaire Population

Shanghai experienced the fastest growth in millionaire residents across the top 20 cities, with a 72% increase between 2012 and 2022.

This year it ranked 9th in terms of cities with the most millionaires and 5th when it came to billionaires.