These Cities Have the Most Millionaires in New Ranking
New York and Tokyo top the list, while London drops in the ranking behind San Francisco.
By
Clara Hernanz Lizarraga
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September 13, 2022, 8:42 AM CDT
New York, Tokyo and the San Francisco bay area are the places where the most millionaires live, according to a report by Henley & Partners Group, a residency advisory firm.
Half of the top 10 cities with the most millionaires are in the United States. Still, a closer look at the data reveals that New York city lost 12% of its high net-worth individuals in the first half of 2022 while San Francisco bay area saw a 4% increase. London, which holds the fourth place, saw a 9% decline. The report defines millionaires as those with investable assets of 1 million dollars or more.
The statistics, collected by intelligence firm New World Wealth, show that Saudi Arabia’s capital Riyadh, and Sharjah, the United Arab Emirates’s third most populous city, are the those with the fastest growing millionaire population so far this year.
Abu Dhabi and Dubai are also among the cities with the fastest growing millionaire population as the UAE lures the ultra-rich with a low tax regime and new residence schemes. The emigration of affluent Russians has also contributed to record inflows into UAE.
Beijing and Shanghai, which hold the ninth and tenth places on the list of wealthiest cities, respectively, have also recorded losses as Henley & Partners predict China will see the the second-largest wealth outflow after Russia this year.
Official Ranking -
Rank City Country
1st New York
USA
2nd Tokyo
Japan
3rd San Francisco Bay Area
USA
4th London
UK
5th Singapore
Singapore
6th Los Angeles & Malibu
USA
7th Chicago
USA
8th Houston
USA
9th Beijing
China
10th Shanghai
China
11th Sydney
Australia
12th Hong Kong
Hong Kong (SAR China)
13th Frankfurt
Germany
14th Toronto
Canada
15th Zurich
Switzerland
16th Seoul
South Korea
17th Melbourne
Australia
18th Dallas & Fort Worth
USA
19th Geneva
Switzerland
20th Paris
France
Global Citizens Report 2022 Q3
The Henley Global Citizens Report 2022 Q3 features the World's Wealthiest Cities. A must-read for those following private wealth and investment migration trends
www.henleyglobal.com
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All that flexing they do down in Atlanta, I would’ve surely thought they’d make the list.
Why is Atlanta considered the Capital of the South again?
And it's alright, that's how we do it on this side. nikkas get to it on this side.
