Top 10 wealthiest cities in the world: From New York to Sydney
Find out which cities in the United States and China dominates these positions
New York City has been ranked as the world's wealthiest city in 2023. Image credit: Shutterstock
A new report by Henley & Partners reveals the world’s wealthiest cities based on the fastest-growing millionaire populations. The spending habits of over 150,000 high-net-worth individuals (HNWIs) from 97 cities across the globe were tracked to compile the list. Wealthy individuals with the work titles founder, chairperson, CEO, and director were the primary focus for the firm to uncover which cities would make the cut. Here are the top 10 wealthiest cities based on the report.
1. New York City
New York City, aka The Big Apple, is at the top of the chain. 340,000 millionaires, 724 centi-millionaires, and 58 billionaires live in the United States’ financial hub. Some of the top exclusive residential streets, like 5th Avenue in Manhattan, are in the city that comprises the boroughs of Manhattan, Staten Island Bronx, Brooklyn, and Queens.
Image credit: Shutterstock
2. Tokyo
Fourteen billionaires, 290,300 resident millionaires, and 250 centi-millionaires live in the city of Tokyo. Multinational corporations like Hitachi, Honda, Mitsubishi, Softbank, and Sony are based in the city. While the Japanese capital has fewer billionaires compared to other cities on the list, it shows the wealth is distributed evenly across the city as much of the capital is controlled by the low-tier millionaires and middle-class.
Image credit: Shutterstock
