New York, Tokyo, San Francisco and London are the four cities with the most wealthy people in 2023. 6 of the top 10 cities identified by Henley & Partners and New World Wealth are located in China or the United States.
Who around you knows Bengaluru and Hyderabad ?
Yet these two Indian cities are in the top 10 of the latest ranking of fast-growing cities for millionaire residents over the past decade. The latter is compiled by international investment migration consultancy Henley & Partners, in partnership with New World Wealth, the global wealth intelligence company.
Apart from these two discreet metropolises, most of the other favourite locations for HNWIs (High Net Worth Individuals), i.e. people with investable wealth of more than USD 1 million, are well known.
New York takes the cake as the richest city in the world with the highest number of millionaire residents at 340,000.
Tokyo, which topped the list ten years ago, is now in second place with 290,300 millionaires.
A side effect of Brexit ? London, which has been the richest city in the world for many years, has dropped to fourth place, with 258,000 wealthy residents. However, it remains the only European city to appear in the 2023 top 10.
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