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The Top 20 Cities with the Most Millionaires in 2025
In the ever-evolving landscape of global wealth, certain cities continue to shine as hubs for the affluent. Recent data from Henley & Partners reveals the top cities packed with millionaires as of April 2025. This list not only showcases where the wealthy reside but also hints at economic vitality and investment potential. Below is a detailed look at the cities leading the charge.
New York City – 384,500 Millionaires
The Big Apple remains unbeatable in its allure, boasting a staggering 384,500 millionaires. With its vibrant economy, cultural diversity, and endless opportunities, New York City serves as a magnet for wealthy individuals from various industries, including finance, technology, and entertainment.
The Bay Area – 342,400 Millionaires
Home to Silicon Valley, the Bay Area is a technological powerhouse. It houses 342,400 millionaires, driven by the booming tech industry. The area is synonymous with innovation and entrepreneurship, attracting both entrepreneurs and investors eager to capitalize on the latest advancements.
Tokyo – 292,300 Millionaires
Tokyo, with its unique blend of tradition and modernity, hosts approximately 292,300 millionaires. The city is not just Asia’s financial hub; it also leads in technology and culture. Tokyo’s robust economy, characterized by major corporations and a thriving startup ecosystem, continues to draw wealth.
Singapore – 242,400 Millionaires
A beacon of stability and prosperity in Southeast Asia, Singapore boasts 242,400 millionaires. The city-state is noted for its business-friendly regulations, world-class infrastructure, and strong global financial services sector, making it an attractive destination for wealthy expatriates.
Los Angeles – 220,600 Millionaires
Hollywood’s glitz and glamour underscore Los Angeles’s status, which is home to approximately 220,600 millionaires. The entertainment industry, along with tech and fashion, fuels the city’s economy, creating significant wealth opportunities.
London – 215,700 Millionaires
As Europe’s leading financial district, London remains a hotspot for wealth, with 215,700 millionaires. The city’s diverse economy, including finance, arts, and technology, combined with its historical significance, keeps it firmly on the global wealth map.
Paris – 160,100 Millionaires
Known as the City of Lights, Paris attracts 160,100 millionaires. Its cultural heritage, high quality of life, and status as a fashion capital continue to lure wealthy individuals from around the globe.
Hong Kong – 154,900 Millionaires
Despite recent political challenges, Hong Kong remains resilient, with 154,900 millionaires calling it home. The city’s strategic position as a business gateway to Asia and its lack of capital gains tax add to its appeal.
Sydney – 152,900 Millionaires
Sydney, Australia’s largest city, has around 152,900 millionaires. The city is known for its vibrant lifestyle, thriving economy, and beautiful natural scenery, making it an ideal location for the affluent.
Chicago – 127,100 Millionaires
The Windy City comes in with approximately 127,100 millionaires. Chicago’s diverse economy, ranging from finance to manufacturing, continues to enrich both residents and investors alike.
Milan – 115,000 Millionaires
Milan, the pinnacle of fashion and design, is home to about 115,000 millionaires. The city’s economic prosperity is heavily influenced by its status in global fashion and financial services.
Beijing – 114,300 Millionaires
China’s capital, Beijing, has rapidly climbed the millionaire ranks, with 114,300 millionaires. Its growth is fueled by technology and entrepreneurship, reflecting China’s evolving economic landscape.
Osaka – 112,200 Millionaires
Osaka, known for its manufacturing sector, has around 112,200 millionaires. The city combines rich history with modern innovation, contributing to its economic strength.
Shanghai – 110,500 Millionaires
With a similar trajectory to Beijing, Shanghai boasts 110,500 millionaires. Its status as a global financial center and hub for trade continues to attract substantial wealth.
Toronto – 108,400 Millionaires
Canada’s largest city, Toronto, is home to about 108,400 millionaires. The city’s multicultural environment, strong economy, and high quality of life make it appealing to successful individuals seeking a stable lifestyle.
Melbourne – 94,000 Millionaires
Melbourne ranks highly with around 94,000 millionaires. Renowned for its arts scene, education, and diverse economy, it has emerged as an attractive destination for wealthy citizens.
Houston – 81,800 Millionaires
Houston, a vital player in the energy sector, is home to around 81,800 millionaires. Its expanding economy, driven by oil and natural gas, presents lucrative opportunities for wealth creation.
Dubai – 81,200 Millionaires
Dubai continues to grow as an affluent city, housing approximately 81,200 millionaires. Its innovative architecture, strategic location, and tax-friendly policies attract wealthy individuals seeking business opportunities.
Frankfurt – 80,300 Millionaires
As Germany’s financial capital, Frankfurt houses 80,300 millionaires. The city is known for its strong banking sector and growing technology scene, making it a hub for finance and investment.
Zurich – 77,800 Millionaires
Rounding out the list is Zurich, with approximately 77,800 millionaires. Known for its banking industry and high standard of living, Zurich remains one of Europe’s most attractive cities for wealthy individuals.
These cities represent the pinnacle of wealth concentration worldwide. Each city offers unique opportunities and environments that contribute to the flourishing lifestyles of their millionaire residents. As global economic landscapes shift, monitoring these urban centers can provide insight into future wealth trends.
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