These are the cities with the most millionaires

Where do millionaires live? The answer was provided by a report prepared in 2023 by the London company Henley & Partners, in collaboration with New World Health, a research institute on global migration.

The study, taken up by 'Vanity Fair', is based on various data from 2022 that attest to the movements and spending habits of the wealthy, particularly business leaders.

Never miss a story! Click here to follow The Daily Digest.

With a total of five cities in the top 10 (New York, San Francisco, Los Angeles, Chicago and Houston), to which we must add Dallas, present in the top 20, the largest economy in the world is overrepresented in the ranking.

This is also the case for the Asian continent as a whole, with four cities in the top 10: Tokyo, Singapore, Beijing and Shanghai. Hong Kong and Seoul are also in the top 20.

@Zhang Kaiyv / Unsplash

With 345,600 US dollar millionaires, 737 “centimillionaires” (fortunes over $100 million) and even 59 billionaires, New York is officially the richest city in the world. The “Big Apple” benefits from its status as the economic capital and main financial center of the United States.

Japan's capital comes in second place with 304,900 millionaires, 263 centimillionaires and 12 billionaires (a figure that suggests a relatively equal distribution of wealth). Tokyo continues to host the headquarters of major Japanese firms.

@Jezael Melgoza / Unsplash

San Francisco, center of Silicon Valley, roaring engine of the American economy, completes the podium with 276,400 millionaires, 623 centimillionaires and 62 billionaires, many of whom come from the technology sector.

@Joshua Sortino / Unsplash

London, the only European city in the top 10, is in fourth position with 272,400 millionaires, 406 centimillionaires and 38 billionaires. And considering that the city headquarters has witnessed a recent exodus of wealthy people to surrounding communities.

Considered one of the most economically free places in the world, the city-state of Singapore has the fifth largest number of millionaires (249,800), including 336 centimillionaires and 26 billionaires.

@Swapnil Bapat / Unsplash

Sixth city in the world and third in America in this ranking, the Los Angeles metropolitan area has 192,400 millionaires, of which 393 centimillionaires and 34 billionaires. Without a doubt, Hollywood has its part in this success!

@Olenka Kotyk / Unsplash

Chicago is the fourth largest city in the United States and the seventh in the world, with a total of 160,100 millionaires, 340 centimillionaires and 28 billionaires. The metropolis of the Great Lakes region is home to the headquarters of many major American companies.

@Pedro Lastra / Unsplash

Fifth American city and eighth in the world: Houston, Texas, with 132,600 millionaires, 314 centimillionaires and 25 billionaires. This agglomeration is one of those that has experienced the greatest growth in wealth in the world in the last 20 years.

@Alisa Matthews / Unsplash

China closes this top 10, in first place with its capital, Beijing. There are currently 131,500 millionaires, including 363 centimillionaires, living in the Chinese Communist Party stronghold. With 44 billionaires, Beijing is only surpassed by New York and San Francisco.

Economic lung and main financial center of China, Shanghai finished in tenth position with 130,100 millionaires, 350 centimillionaires and 42 billionaires.

@Freeman Zhou/Unsplash

Absent from the top 10, continental Europe is still well represented in the top 20, with Frankfurt ( 13^th ), an important financial center, then the Swiss cities of Zurich ( 15^th ) and Geneva ( 19^th ), and finally Paris , the European capital of tourism and luxury, in 20^th place.

The ranking also indicates which will be the richest cities of the future, citing Dubai, the center of the Gulf region (currently in ^23rd place), Bombay, the metropolis of the Indian economic giant ( ^25th ) and Shenzhen, a Chinese center of finance. and technology. ( ³⁰ ).

@ZQ Lee / Unsplash

Never miss a story! Click here to follow The Daily Digest.

Contrary to the global trend towards the exit from fossil fuels, the study finally confirms a rapid growth in the number of millionaires in cities linked to the exploitation of hydrocarbons, such as Riyadh (Saudi Arabia), Luanda (Angola) or Lagos (Nigeria).

@ekrem osmanoglu / Unsplash