Today, with 272,400 millionaires, the city holds a more humble position. London has been the world’s wealthiest city for years, but over the past decade there has been an outflow of millionaires. The number of millionaires has been growing steadily over the last 10 years, and if the trends of recent years hold, San Francisco could become the number one millionaire hub by 2040. San Francisco also has the highest median household income in the country. It’s known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. The San Francisco Bay Area boasts 276,400 millionaires. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. Japan’s largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. Additionally, the city’s real estate market is known for being expensive, with sky-high property values and rents. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple. New York is the wealthiest city in the world⁠-home to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Let’s take a closer look at some of the top-ranking cities making the list.

Finally, Oceania has two cities on the list, both located in Australia. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR).Įurope comes in third with five cities, though only London makes into the top 10 portion of the ranking. RankĪsia is the region with the second most millionaires with six cities in the mix. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? Millionaires and Billionaires in the Wealthiest Cities

Global cities ranked by population