Top 10 wealthiest cities in the world (2025): Indian cities with the most millionaires revealed

The world’s wealthiest city – New York – tops the rankings with 384,500 high-net-worth individuals, followed closely by the Bay Area, which includes the city of San Francisco and Silicon Valley, boasting 342,400 millionaire residents and over 82 billionaires.

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Furthermore, Los Angeles, with 220,600 millionaires, ranks 5th this year, overtaking London, which has experienced a decline of 12% in its millionaire population, resulting in a drop to 6th position with 215,700 millionaires.

In a notable mention, Shenzhen and Hangzhou in China, are emerging as the fastest-growing hubs for millionaires, experiencing rapid growth rates of 142% and 108%, respectively.

Remarkably, Dubai, which is experiencing growth of 102%, now boasts 81,200 millionaire residents, propelling it into the top 20 – standing at 18th place in 2025 abd earning the recognition for the most significant climber over the past year.

Rounding up the list, Portugal’s capital, Lisbon, has made its debut this year, ranking 50th with 22,200 millionaires, which has resulted in New Zealand’s city of Auckland dropping out in 2025.

World’s Wealthiest Cities 2025: Top 10 Cities for Millionaires

Rank	City	Country	No. of Millionaires (USD 1M+)	No. of Billionaires (USD 1Bn+)
1	New York City	USA	384,500	66
2	The Bay Area	USA	342,400	82
3	Tokyo	Japan	292,300	18
4	Singapore	Singapore	242,400	30
5	Los Angeles	USA	220,600	45
6	London	UK	215,700	33
7	Paris	France	160,100	22
8	Hong Kong	Hong Kong (SAR China)	154,900	40
9	Sydney	Australia	152,900	22
10	Chicago	USA	127,100	25

Source: Henley & Partners | World’s Wealthiest Cities Report 2025

Methodology: The 2025 World Wealthiest Cities Report by Henley & Partners and New World Wealth examines global wealth migration patterns between countries and cities.

Which are India’s ‘wealthiest’ cities in 2025?

Indian cities Mumbai and Delhi, ranked 27th and 39th globally in the Henley and Partners’ The World’s Wealthiest Cities report, are recognised as India’s wealthiest cities in 2025. (Source: Canva)

Mumbai, with over 51,000 millionaires, 205 centi-millionaires, and 25 billionaires, has demonstrated a strong growth of 69% in millionaire numbers over the past decade, while Delhi, with 31,200 millionaires and 16 billionaires, has witnessed an impressive 82% growth in millionaires over the last decade.

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Notably, Bengaluru, with 43 centi-millionaires, is emerging as one of the significant wealth hubs, or centi-millionaire city hotspots, over the next decade, the report highlights.

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Rank	City	Country	No. of Millionaires	No. of Billionaires	Millionaire Growth% (2014-24)
27	Mumbai	India	51,200	25	69%
39	Delhi	India	31,200	16	82%

Source: Henley & Partners | World’s Wealthiest Cities Report 2025