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Cities with the most millionaires. New York ahead of Tokyo, London highest in Europe – Henley & Partners report

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New York boasts the world’s largest concentration of millionaires, according to the latest report by Henley & Partners. The American city overtook Tokyo and the San Francisco Bay Area. Just behind the podium was London, which is the only representative of Europe in the top ten of the ranking. The largest number of billionaires live in the San Francisco Bay Area.

The report of the consulting company Henley & Partners, specializing in investment migration, shows that in New York is the world’s largest concentration of millionaires. With 340,000 American city millionaires overtake Tokyo – 290.3 thousand and region San Francisco Bay – 285 thousand

New York (illustration photo)mervas/shutterstock

London took fourth place – 258 thousand. millionaires, and closed the top five Singapore 240.1 thous. The top ten richest cities are completed by: Los Angeles, Hong Kong, Beijing, Shanghai and Sydney.

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Frankfurt am Main was ranked 13th – 102.2 thousand. millionaires. Just behind the German city was Zurich – 99.3 thousand.

Cities with the most millionaires

According to New World Wealth, traditional wealth magnets like Monaco and Dubai have seen a particularly strong rise in millionaires over the past decade. IN Monaco has the highest concentration of wealth per capita, with an average of $10 million.

Dubai is another internationally recognized center of wealth, and its low tax rates make it a magnet for millionaires from all over the world. About 3,500 of them have moved there in 2022 alone,” the Henley & Partners report said.

It was noted that USA and China dominated the list of the fastest-growing cities in the last decade in terms of the number of millionaires. The Chinese Hangzhou opens the list. In the years 2012-2022, the increase in their number reached 105 percent. In the case of the American Austin, located in the state of Texas, the increase was 102 percent.

In turn, the region San Francisco Bay it has become home to the world’s largest number of billionaires – 63. It is followed by New York – 58, Beijing – 43 and Dubai – 15.

Main photo source: mervas/shutterstock

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