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According to the report, New York retained its title as the wealthiest city on the planet, according to the 2025 World’s Wealthiest Cities Report released Tuesday by Henley & Partners in collaboration with New World Wealth.
The report stated that New York is boasting 384,500 millionaires, 818 centi-millionaires, and 66 billionaires; the Big Apple remained a magnet for global wealth, the report showed. The report ranked cities by the number of high-net-worth individuals (HNWIs), centi-millionaires, and billionaires residing in those locations.
The report said that hot on New York’s heels is the Bay Area, which includes San Francisco and Silicon Valley, ranked second with 342,400 millionaires. The region is now home to 82 billionaires, surpassing New York in that category. The Bay Area’s millionaire population has grown by 98 percent in the past decade, reflecting its position as a hub for technological wealth creation.
The report added that New York was fueled by a strong recovery in the Nikkei 225 during the past two years, Tokyo ranked third with 292,300 millionaires, while Singapore came in fourth with 242,400. Los Angeles, home to 220,600 millionaires (including 516 centi-millionaires and 45 billionaires), has surpassed London to secure fifth place, relegating the UK capital to sixth with 215,700 millionaires --including 352 centi-millionaires and 33 billionaires.
Additionally, London and Moscow were the only two cities among the top 50 to post a decline in their millionaire populations during the past decade, with declines of 12 percent and 25 percent, respectively. Moscow, now ranked 40th, has seen a 25 percent decrease in its millionaire population.
Source: PNA, Anadolu
The report stated that New York is boasting 384,500 millionaires, 818 centi-millionaires, and 66 billionaires; the Big Apple remained a magnet for global wealth, the report showed. The report ranked cities by the number of high-net-worth individuals (HNWIs), centi-millionaires, and billionaires residing in those locations.
The report said that hot on New York’s heels is the Bay Area, which includes San Francisco and Silicon Valley, ranked second with 342,400 millionaires. The region is now home to 82 billionaires, surpassing New York in that category. The Bay Area’s millionaire population has grown by 98 percent in the past decade, reflecting its position as a hub for technological wealth creation.
The report added that New York was fueled by a strong recovery in the Nikkei 225 during the past two years, Tokyo ranked third with 292,300 millionaires, while Singapore came in fourth with 242,400. Los Angeles, home to 220,600 millionaires (including 516 centi-millionaires and 45 billionaires), has surpassed London to secure fifth place, relegating the UK capital to sixth with 215,700 millionaires --including 352 centi-millionaires and 33 billionaires.
Additionally, London and Moscow were the only two cities among the top 50 to post a decline in their millionaire populations during the past decade, with declines of 12 percent and 25 percent, respectively. Moscow, now ranked 40th, has seen a 25 percent decrease in its millionaire population.
Source: PNA, Anadolu
