Despite high living costs and safety concerns, New York City continues to reign supreme as the world’s richest city — a glittering magnet for the ultra-wealthy. Whether it’s Wall Street’s financial dominance, luxury real estate, or unmatched cultural influence, New York remains the global capital of wealth.
According to Henley & Partners, the city is home to a staggering 3,84,500 millionaires, 818 centi-millionaires, and 66 billionaires — each contributing to the dazzling skyline and unmatched energy of NYC.
At the heart of this prosperity lies Wall Street, the nerve centre of the global financial world, hosting the New York Stock Exchange and NASDAQ — the two largest stock exchanges worldwide. Add to that the city’s booming real estate, world-class fashion scene featuring brands like Ralph Lauren and Calvin Klein, and a constant influx of global talent — and you have the perfect recipe for enduring affluence.
Emerging Billionaire Cities Around the Globe
While New York continues to dominate, other global powerhouses are fast climbing the ladder of luxury and influence.
Bay Area (USA)
With Silicon Valley’s innovation culture and a tech-driven boom, the Bay Area has witnessed a 98% increase in wealth over the past decade. It now boasts 3,05,700 millionaires, thanks to giants like Apple, Google, and Meta reshaping the global economy.
Tokyo (Japan)
Asia’s richest and safest city, Tokyo, is home to 2,98,300 millionaires. Its economic stability, technological leadership, and strong corporate base make it a consistent global contender.
Singapore
Known for its safety, pro-business policies, and tax incentives, Singapore has become a magnet for global investors. The city-state now has 2,44,800 millionaires and 30 billionaires — making it Asia’s rising wealth hub.
Los Angeles (USA)
From tech to Tinseltown, Los Angeles shines bright with 2,12,100 millionaires, 516 centi-millionaires, and 43 billionaires. Its booming entertainment industry, luxury real estate, and creative economy keep wealth flowing.
Other Wealth Powerhouses
- London – 2,27,000 millionaires | Global centre for international business
- Paris – 1,65,000 millionaires | Europe’s style and culture capital
- Hong Kong – 1,54,900 millionaires | Investor haven with a tax-friendly system
- Sydney – 1,52,900 millionaires | Australia’s financial hub with world-class infrastructure
- Chicago – 1,27,100 millionaires | Strong in manufacturing, healthcare, and innovation
The Race to Top
From Silicon Valley’s innovation to Singapore’s stability, every city is redefining what it means to be “rich.” Yet, New York continues to lead — not just with numbers, but with the spirit of ambition, resilience, and reinvention that defines true wealth.