A new global ranking of cities with the most millionaires places Hong Kong 8th, with 154,900 people worth over USD 1 million, according to Henley & Partners. New York City tops the list with 384,500 millionaires, followed by The Bay Area with 342,400, the region around San Francisco, known for tech companies, and Tokyo with 292,300. Singapore, now the leading Asian city, ranks 4th with 242,400.
Here is the top 10 cities with the most millionaires worldwide:
| Rank | City/Area | Country | Millionaires (USD 1m+) |
|---|---|---|---|
| 1 | New York City | USA | 384,500 |
| 2 | The Bay Area | USA | 342,400 |
| 3 | Tokyo | Japan | 292,300 |
| 4 | Singapore | Singapore | 242,400 |
| 5 | Los Angeles | USA | 220,600 |
| 6 | London | UK | 215,700 |
| 7 | Paris | France | 160,100 |
| 8 | Hong Kong | Hong Kong (SAR China) | 154,900 |
| 9 | Sydney | Australia | 152,900 |
| 10 | Chicago | USA | 127,100 |
The top 10 includes four cities from the United States, three from Asia, two in Europe, and Sydney representing Australia. Hong Kong ranks 8th worldwide with 154,900 millionaires, according to consultancy firm. Despite its global financial status, growth in millionaire numbers has been slow, rising just 3 percent in the past decade.
Looking at growth over the past ten years, The Bay Area saw a 98% rise in millionaires, Singapore grew by 62%, and New York by 45%. Hong Kong, with a 3% increase, one of the lowest among major cities. London dropped by 12%, while Tokyo and Paris both grew modestly at 4 and 5%.
At the same time, Hong Kong is now the third most expensive city to live in across Asia, according to a recent survey. This ranking, which looks at daily expenses like food, transport, and dining, puts Hong Kong ahead of Shanghai, Beijing, and Shenzhen, even without counting rent.
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