Top 10 richest cities in the world


In April, Henley & Partners published its annual report on the richest cities in the world. The report’s findings are based on the rate at which the millionaire population has grown over the past 10 years in major cities around the world.

New World Wealth, a global intelligence firm, collected data from 97 cities in nine regions around the world. The report ranked cities based on the spending habits of more than 150,000 wealthy people, with a focus on those with more than $10 million in investable assets.

Importantly, Henley & Partners’ report focused primarily on high net worth individuals whose job titles include Founder, Chairman, CEO, and Director.

All data used to create the report was collected on December 31, 2022.

The 10 richest cities in the world

Tokyo, Japan is ranked the second richest city in the world, according to the 2023 report by Henley & Partners.

jackyenjoyphotography | time | Getty Images

The second richest city on the list is Tokyo, Japan.

The Japanese city has 290,300 wealthy people. Tokyo is home to 250 centi-millionaires and 14 billionaires.

The city has seen a 5% decline in the growth of its wealthy individual population from 2012 to 2022. Despite this, Tokyo has 21% of Japanese millionairess.

The California Bay Area, which includes San Francisco and Silicon Valley, rounds out the top three. The Bay Area is home to 285,000 wealthy people – there are 629 centimillionaires and 63 billionaires.

The California region has seen a 68% growth in its affluent population from 2012 to 2022.

According to a march study from Wealth-X and REALM, there’s a $30 million+ owner for 372 residents in metro San Jose and an ultra-rich owner for 505 residents just north of San Francisco.

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