The world’s ultra-rich ‘centimillionaires’ are most likely to live in these 50 cities (2024)

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The world’s ultra-rich ‘centimillionaires’ are most likely to live in these 50 cities? ›

New York, the Bay Area, and Los Angeles boast the largest centi populations worldwide. But cities in China, India, and the Middle East are catching up fast as their economies expand. The ultrawealthy roster is expected to grow 85% or more by 2033 in Hangzhou, Delhi, and Riyadh.

Globally, the population of centimillionaires stands at around 28,420 individuals, and is largely concentrated in New York City, the Bay Area, Los Angeles, London and Beijing, according to data from Wrise.

New York has more millionaires than any other city in the world, beating out California's Bay Area, London and other wealthy cities, according to a new report. Nearly 350,00, or one in every 24 residents of The Big Apple are millionaires, according to a new ranking from Henley and Partners.

The report highlights New York City, which has continued to maintain its position as the world's wealthiest city, with 11 other US cities joining the top 50 list. In contrast, Tokyo, which held the top spot a decade ago, has fallen to third place due to a decline in its high-net-worth individual population.

In 2024, Hurun Research Institute listed New York City with the most billionaires at 119 people, followed by London with 97 billionaires, and Mumbai in third place with 92 billionaires.

The Ultra Wealthy Own Nearly 4 Homes on Average: How This Impacts the US Housing Market. Homes have become more expensive than ever since the onset of the COVID-19 pandemic. In fact, home prices are expected to increase in 2024, according to CNBC.

London is the world's top location for the super-rich, with 4,364 people with $30 million or more in assets. Tokyo is second with 3,575, followed by Singapore (3,227), New York (3,008) and Hong Kong (2,690). The table below shows the top 20 cities with the most ultra-high-net-worth individuals.

High-net-worth individuals are opting to keep most of their assets in cash right now. Stocks are still a popular choice for wealthy investors. You don't have to be rich to come up with a plan for your own money.

1. New York City. Of all the cities in the US, it's little surprise that the Big Apple has the most millionaires. New York City had 349,500 as of December, a jump of 48% compared to 2013, the Henley and Partners' report said.

In 2019, Mississippi had the lowest ratio of millionaire households per capita in the country, with only 4.18 percent of households holding over one million U.S. dollars in assets.

What US city has the most billionaires? ›

With 110 billionaires—9 more than last year—New York City retains its status as the billionaire capital.

It's no surprise that California and New York have the most millionaires. But if you don't live anywhere close to those places, take a look to see if your state made the top 10. If your state doesn't make the top 10 list for number of millionaires, don't worry.

These affluent individuals are typically the founders of large multi-national companies or the heirs to vast family fortunes. There are only 28,420 centi-millionaires in the world (as at June 2023), making this a very elite club.

The U.S. is now home to 37% of the world's millionaires, up from 35% in 2018. The divergence grows even more at the top of the wealth ladder. The U.S. has 9,850 centi-millionaires — those worth $100 million or more — compared with China's 2,352. The U.S. has about 788 billionaires to China's 305.

In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.