America continues to guide the worldwide millionaire map in 2025, with 11 cities featured within the High 50 Cities for Millionaires, in line with the most recent World’s Wealthiest Cities Report by Henley & Companions and New World Wealth.

The fourth version of the report reveals New York holding the highest place, with 384,500 high-net-worth people, together with 818 centi-millionaires and 66 billionaires.

The Bay Space — protecting San Francisco and Silicon Valley — follows in second place with 342,400 resident millionaires. Whereas it has fewer millionaires than New York, it now has extra billionaires, with 82 in complete. The Bay Space additionally recorded 98% progress in its millionaire inhabitants over the previous decade, reflecting its place as a world expertise centre.

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Tokyo retains third place with 292,300 millionaires, whereas Singapore takes the fourth spot with 242,400. Los Angeles, with 220,600 millionaires — together with 516 centi-millionaires and 45 billionaires — now ranks fifth, pushing London into sixth place with 215,700 millionaires, 352 centis, and 33 billionaires.

London and Moscow have been the one two cities on the High 50 listing to report destructive progress of their millionaire populations over the past 10 years. London noticed a decline of -12%, whereas Moscow dropped -25%, now sitting in fortieth place with 30,000 millionaires, 178 centis, and 23 billionaires.

Paris stays in seventh place with 160,100 millionaires, whereas Hong Kong takes eighth with 154,900, surpassing Sydney, now ninth with 152,900. Chicago, with 127,100, enters the highest ten for the primary time, pushing Beijing and Shanghai right down to twelfth and 14th locations, respectively.

Dubai’s climb and Asia’s surge

Dubai climbed three locations within the rankings, transferring from twenty first to 18th with 81,200 millionaires. It additionally recorded one of many highest progress charges over the last decade at 102%. Different cities with larger progress than the Bay Space embody Shenzhen (twenty eighth) with 142% progress, now internet hosting 50,800 millionaires, and Hangzhou (thirty fifth) with 108% progress and 32,200 millionaires.

Shenzhen is rising as a strong expertise hub in Asia. Andrew Amoils, Head of Analysis at New World Wealth, stated, “Asia’s prime tech hub, Shenzhen is the bottom metropolis for international tech giants Huawei, Tencent, BYD, DJI and ZTE and has skilled particularly sturdy wealth progress over the previous 20 years. It’s now arguably the world’s main metropolis in various key tech sub-sectors together with laptop {hardware}, electrical autos, Wi-Fi dongles, cellphones, flying drones, 5G, power models and electronics.”

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Quickest-growing wealth hubs

Scottsdale within the US leads the fastest-growing wealth hubs with 125% millionaire progress. Bengaluru, also known as the “Silicon Valley of India”, recorded 120% progress, adopted by West Palm Seashore (+112%), Miami (+94%), Washington DC (+92%), and Austin (+90%). Different cities like Warsaw (+83%), Abu Dhabi (+80%), and Riyadh (+65%) additionally noticed important will increase.

Centi-millionaire cities on the rise

The report additionally recognized future centi-millionaire hotspots between 2025 and 2035. Dubai and Abu Dhabi are anticipated to see their centi-millionaire populations — at the moment 237 and 75 respectively — greater than double within the subsequent decade.

Different cities with projected 100%+ progress embody Delhi (125 centis), Bengaluru (43), Warsaw (32), and Athens (42). Smaller areas like St. Julian’s and Sliema in Malta, Lugano in Switzerland, and Riga & Jūrmala in Latvia are additionally anticipated to see progress of their centi populations.

African and Central American cities usually are not within the High 50, however some are anticipated to develop considerably. These embody Cape City (34 centis), Marrakesh (14), and Nairobi (10), in addition to George City and Seven Mile Seashore within the Cayman Islands, San José and Santa Ana in Costa Rica, and Hamilton Parish in Bermuda.

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Wealth and migration insurance policies

Dr Juerg Steffen, CEO of Henley & Companions, famous a key development in 2025: “These city centres share widespread DNA — sturdy authorized frameworks, refined monetary infrastructure, and maybe most critically, funding migration applications that welcome international expertise and capital. Seven of the High 10 wealthiest cities are in international locations with residence-by-investment applications, creating direct pathways for entrepreneurs and buyers searching for entry to those wealth hubs.”

Monaco stays the world’s costliest metropolis, with common prime house costs exceeding USD 38,800 per sq. metre for areas between 100 and 200 m².

The information reveals that cities providing tax benefits, enterprise entry, and ease of motion have gotten the popular areas for the world’s wealthiest people.