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The 10 Wealthiest Cities in the World (2025)

1. New York City, USA

New York City remains the world’s wealthiest city in 2025, with 384,500 millionaires, 818 centi-millionaires, and 66 billionaires. It is a powerhouse of finance, home to Wall Street and the New York Stock Exchange, making it a magnet for global capital. The city’s wealth is spread across sectors such as real estate, technology, media, and the arts. Despite challenges like crime and urban congestion, its cultural and economic vibrancy continue to draw the affluent. NYC’s museums, theaters, and high-end retail contribute to its status as a global luxury capital. The city also boasts some of the highest property values in the world.

2. San Francisco Bay Area, USA

The San Francisco Bay Area, including cities like San Jose and Palo Alto, is the epicenter of the global tech industry. With 342,400 millionaires and 82 billionaires, the region’s growth has been driven by Silicon Valley giants like Apple, Google, and Meta. The concentration of startups and venture capitalists fosters innovation and rapid wealth accumulation. Real estate in the Bay Area remains among the most expensive in the United States. The region combines economic dynamism with natural beauty, offering a lifestyle attractive to the ultra-wealthy. Despite high living costs, it continues to be a magnet for tech entrepreneurs.

3. Tokyo, Japan

Tokyo ranks third with 292,300 millionaires, making it the wealthiest city in Asia. The Japanese capital is an economic titan with strengths in technology, finance, and manufacturing. It’s home to several Fortune Global 500 companies and a sophisticated urban infrastructure. While the city’s growth in millionaire population has been modest, its stability and safety continue to attract affluent residents. Tokyo also offers a high standard of living, excellent public transportation, and a rich cultural heritage. It balances tradition and innovation in a way that continues to appeal to high-net-worth individuals.

4. Singapore

Singapore is a rising wealth hub in Asia, with 242,400 millionaires and a 62% growth over the past decade. Its low taxes, political stability, and pro-business environment make it especially attractive to foreign investors and wealthy families. The city-state is known for its efficient governance and high quality of life. As a financial gateway to Southeast Asia, it hosts a large number of multinational banks and investment firms. Luxury real estate developments continue to flourish, catering to the expanding elite. Singapore also promotes wealth migration programs, further boosting its affluent population.

5. Los Angeles, USA

Los Angeles is home to 220,600 millionaires, 516 centi-millionaires, and 45 billionaires, reflecting its diverse and growing economy. While traditionally known for Hollywood and the entertainment industry, LA has also become a tech and innovation hub, especially in areas like Silicon Beach. The city’s luxury real estate market is among the most dynamic in the country, driven by international investors and celebrities. LA’s mild climate and coastal lifestyle add to its allure. It also has a thriving startup ecosystem and growing influence in sectors like health tech and design. Despite its urban sprawl, the city remains a beacon for global wealth.

6. London, United Kingdom

London ranks sixth with 215,700 millionaires, though it has seen a 12% decline over the past decade. Political uncertainty post-Brexit and a high-tax environment have impacted its appeal to the ultra-wealthy. Still, London retains its status as a global financial capital with historic institutions like the Bank of England and the London Stock Exchange. The city offers a cosmopolitan lifestyle with world-class museums, theaters, and educational institutions. Prime neighborhoods such as Kensington and Mayfair continue to attract the global elite. London’s legacy as a cultural and commercial hub keeps it on the wealth map.

7. Paris, France

Paris has 160,100 millionaires and remains Europe’s center for luxury and culture. The city’s economy is fueled by finance, tourism, and high-end fashion. Home to iconic brands like Louis Vuitton and Chanel, Paris draws wealth from around the globe. The city also hosts major trade shows and international business summits. Despite France’s higher tax regime, Paris continues to attract wealthy individuals seeking a sophisticated urban lifestyle. The city’s timeless charm, rich history, and world-renowned cuisine are unmatched.

8. Hong Kong

With 154,900 millionaires, Hong Kong remains a key wealth hub, although recent political shifts have created some uncertainty. Traditionally a bastion of free-market capitalism, its close economic ties to mainland China now bring both opportunities and challenges. Hong Kong is a major global financial center, with numerous international banks headquartered there. Its low-tax environment and world-class services attract both businesses and affluent residents. Luxury real estate on The Peak and in Kowloon continues to command top prices. Despite recent shifts, Hong Kong remains a gateway to Asian wealth.

9. Sydney, Australia

Sydney hosts 152,900 millionaires and continues to grow, with a 22% increase over the past ten years. The city benefits from a strong financial services sector and a booming real estate market. Its natural beauty, stable political environment, and excellent healthcare and education systems attract high-net-worth individuals. Sydney’s waterfront properties are some of the most sought after in the Southern Hemisphere. It also acts as a bridge between Western markets and the Asia-Pacific region. Lifestyle and business intersect seamlessly in this vibrant, sun-drenched metropolis.

10. Chicago, USA

Rounding out the list is Chicago, with 127,100 millionaires. As a major transportation and financial hub, Chicago’s economy is diverse, with strengths in manufacturing, healthcare, and finance. Its central location in North America makes it a strategic base for business. The city is known for its rich cultural offerings, including world-class music, art, and architecture. Compared to other wealthy U.S. cities, Chicago offers relatively affordable luxury housing. It remains a compelling choice for affluent individuals looking for a blend of opportunity and quality of life.

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These cities remain magnets for wealth due to a combination of economic opportunity, lifestyle advantages, and global connectivity. Their positions may shift, but their influence remains immense.