Advertiser Disclosure
GOBankingRates works with many financial advertisers to showcase their products and services to our audiences. These brands compensate us to advertise their products in ads across our site. This compensation may impact how and where products appear on this site. We are not a comparison-tool and these offers do not represent all available deposit, investment, loan or credit products.
13 Cities With the Fastest-Growing Millionaire Populations



Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 YearsHelping You Live Richer
Reviewed by Experts
Trusted by Millions of Readers
The millionaire population is growing. The World’s Wealthiest Cities Report 2023, a publication created by investment migration consultancy Henley & Partners, contains key findings about the world’s wealthiest cities and their high net worth populations.
Each city featured in our roundup includes its number of high net worth individuals (HNWIs), which are defined as holding at least $1 million in liquid assets. Additional numbers are included for centi-millionaires, who hold $100 million in investable assets, and billionaires.
For the purposes of this list, we included every city with more than 100,00 HNWIs. In descending order, here are 13 cities with the fastest-growing millionaire populations.
13. Frankfurt, Germany
- HNWIs: 102,200
- Centi-millionaires: 170
- Billionaires: 16
12. Toronto, Canada
- HNWIs: 105,200
- Centi-millionaires: 193
- Billionaires: 18
11. Chicago, United States
- HNWIs: 124,000
- Centi-millionaires: 295
- Billionaires: 24
10. Sydney, Australia
- HNWIs: 126,900
- Centi-millionaires: 184
- Billionaires: 15
9. Shanghai, China
- HNWIs: 127,200
- Centi-millionaires: 332
- Billionaires: 40
8. Beijing, China
- HNWIs: 128,200
- Centi-millionaires: 354
- Billionaires: 43
7. Hong Kong (SAR China)
- HNWIs: 129,500
- Centi-millionaires: 290
- Billionaires: 32
6. Los Angeles, United States
- HNWIs: 205,400
- Centi-millionaires: 480
- Billionaires: 42
5. Singapore
- HNWIs: 240,100
- Centi-millionaires: 329
- Billionaires: 27
4. London, United Kingdom
- HNWIs: 258,000
- Centi-millionaires: 384
- Billionaires: 36
3. Bay Area, United States
- HNWIs: 285,000
- Centi-millionaires: 629
- Billionaires: 63
2. Tokyo, Japan
- HNWIs: 290,300
- Centi-millionaires: 250
- Billionaires: 14
1. New York City, United States
- HNWIs: 340,000
- Centi-millionaires: 724
- Billionaires: 58
Share This Article:
You May Also Like

Jeff Bezos' Billion-Dollar Life: A Look at His Most Expensive Investments in Art
October 14, 2025
2 min Read


Working for 40 Years Is No Longer the Path to Wealth: Do These 4 Things Instead, According to Preston Seo
October 14, 2025
2 min Read




I'm a Certified Financial Planner: 3 Wealth-Transfer Tips I Tell My High-Income Clients
October 13, 2025
2 min Read




How To Skyrocket Your Net Worth in Your 20s, 30s and 40s, According to Ramit Sethi
October 13, 2025
2 min Read

Make your money work for you
Get the latest news on investing, money, and more with our free newsletter.
By subscribing, you agree to our Terms of Use and Privacy Policy. Unsubscribe at any time.

Thanks!
You're now subscribed to our newsletter.
Check your inbox for more details.



Sending you timely financial stories that you can bank on.
Sign up for our daily newsletter for the latest financial news and trending topics.
For our full Privacy Policy, click here.
Looks like you're using an adblocker
Please disable your adblocker to enjoy the optimal web experience and access the quality content you appreciate from GOBankingRates.
- AdBlock / uBlock / Brave
- Click the ad blocker extension icon to the right of the address bar
- Disable on this site
- Refresh the page
- Firefox / Edge / DuckDuckGo
- Click on the icon to the left of the address bar
- Disable Tracking Protection
- Refresh the page
- Ghostery
- Click the blue ghost icon to the right of the address bar
- Disable Ad-Blocking, Anti-Tracking, and Never-Consent
- Refresh the page