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The Cities with the Most Millionaires and Billionaires 💸

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.

Dataset

Rank (by millionaires)City/AreaCountryHNWIs / Millionaires (USD >$1M)Billionaires (USD >$1B)
1New York CityUSA340,00058
2TokyoJapan290,30014
3The Bay AreaUSA285,00063
4LondonUK258,00036
5SingaporeSingapore240,10027
6Los AngelesUSA205,40042
7Hong KongHong Kong (SAR China)129,50032
8BeijingChina128,20043
9ShanghaiChina127,20040
10SydneyAustralia126,90015
11ChicagoUSA124,00024
12TorontoCanada105,20018
13FrankfurtGermany102,20016
14ZurichSwitzerland99,30012
15HoustonUSA98,50020
16SeoulSouth Korea97,00024
17MelbourneAustralia96,00010
18ParisFrance93,00016
19GenevaSwitzerland85,80015
20DubaiUAE68,40015
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The Cities with the Most Millionaires and Billionaires 💸 - Voronoi