The World’s Wealthiest Cities Report 2025 by Henley & Partners and New World Wealth identifies shifting global wealth trends, with New York City and the Bay Area leading in millionaire and billionaire populations.
Cities like Shenzhen and Hangzhou in Asia have experienced significant growth in millionaire populations, while Dubai has seen a remarkable rise in resident millionaires.
Tokyo and Singapore maintain strong positions in the ranking of wealthiest cities, with Chicago making its debut in the Top 10 due to domestic growth.
Cities with legal security, financial infrastructure, and favorable investment migration policies are attracting mobile capital, with many top cities offering residence-by-investment programs.
Fast-growing cities like Scottsdale, Bengaluru, Austin, Warsaw, Abu Dhabi, and Riyadh are emerging tech centers or attractive destinations for wealthy migrants.
Future projections suggest that Dubai, Abu Dhabi, Delhi, Bengaluru, and European cities like Warsaw and Athens will see substantial increases in wealth and centi-millionaire populations by 2035.
Luxury living remains prominent in cities like Monaco, New York City, Hong Kong, and London, with high average property prices per square meter.
Global millionaires are diversifying their geographic choices strategically, seeking lifestyle, legal, and investment opportunities in cities like Dubai, Shenzhen, and Monaco.
The reshaping of global wealth maps indicates that millionaires are selecting cities based on various factors like tax advantages, tech ecosystems, and exclusivity.