Top 13 Cities with Most Millionaires in the World (Update: Oct 2022)

Do you know the name of the city with most millionaires in the world? If you want to know then keep reading this blog as it will reveal the city status of the Top 13 Cities with Most Millionaires in the World. The modern world is producing more and more millionaires over time. The growth of millionaires or billionaires shows the growth rates of finances, infrastructures, and modernization of the world. The world’s economy is getting stronger around the globe resulting in future developments.

Top 13 Cities with Most Millionaires in the World

A millionaire is someone whose total wealth after paying for all the liabilities stands at ‘One Million’ or more. The cities with millionaires will be progressive and smart. A survey has reported that the majority of the millionaires had built their fortunes on their foreseen mindpower and talents. There is a very minor percentage of millionaires in the world who had inherited their fortunes. This makes it clear that the more millionaires or billionaires are there, the more scope of development in economies is going to be. Let us get to know about the Top 13 Cities with Most Millionaires in the World.

13. Frankfurt (117,400 Millionaires)

It is the central city on river Main, Germany. Frankfurt is globally known for education, commerce, culture, transport, and tourism. In other words, this city is known to be the ‘alpha city of the world. With a population of 7.91 lakhs, Frankfurt city has a residence of 117,400 millionaires. Regardless of having a lower GDP contribution as compared to other German cities like Hamburg, Berlin, and Munich, this city ranks first. Frankfurt is on the list of cities with most millionaires in the world.

12. Hong Kong (125,100 Millionaires)

It is a cosmopolitan city and a special administrative region of China. It has a 7.5 million population. This city is the hub for the trade and investment of the world. This city has the most thriving economy in the world. Hong Kong or HKSAR China has 125,100 millionaires among its residents making it one of the cities with most millionaires. This city is brimming with some of Asia’s richest businessmen and businesswomen. The stock market of Hong Kong is one of the prime exchanges globally.

11. Sydney (129,500 Millionaires)

It is not just any city; it is the largest city in Australia. Sydney is famous for its thriving cultures, arts, scenic views and so much more. This metropolitan city is home to around 6 million people approximately, out of which 129,500 are millionaires! Sydney is known to be one of the cities with most millionaires. This city has shown very strong growth in terms of wealth these past 20 years. With insanely increasing real estate rates this city is becoming one of the top financial shelters in the world at full tilt.

10. Shanghai (130,100 Millionaires)

This city is among the top centers for economics, research, science and tech, business, finance, culture, tourism, fashion, and whatnot. The city has it all! Shanghai is the city with the most population in the world. This city has a population of 24.89 million out of which 130,100 are millionaires. This city is counted among the top 10 cities with most millionaires in the world. This city has the major cultural and industrial center in China. Shanghai has one of the largest seaports in the world. The historical landmarks of Shanghai are famous tourist attractions.

9. Beijing (131,500 Millionaires)

This city is the home to most of the head offices of China’s reputed companies. It is known to be one of the prime centers for politics, business, economics, culture, research, finance, etc. This global city has a population of 19.4 million residents. This capital city of China has 131,500 millionaires, making it one of the cities with most millionaires in the world. The imperial cultural heritages of this city are magnificent and a great tourist attraction for the world. Beijing has earned second place below Shanghai, the highest earning tourist city in the world.

8. Houston (132,600 Millionaires)

It is a world-class city with the most diverse population of race and ethnicity. This city is high in spirits and is a popular international tourist spot. Another interesting point about this vibrant city is that it is residence to the exceptional clutch rockets, NASA, etc. The current population of Houston is 6,603,000. The number of millionaires residing in this city is 132,600, making it the world’s fastest-growing city with most millionaires in the world.

7. Chicago (160,100 Millionaires)

It is the third most populous city in the United States, having a population of 8,901,000. This city is famous for its architecture and skyscrapers. Chicago is a global city with flourishing centers of international commerce and trade. This city has a very diverse economy which makes it strong. Chicago is one of the cities with most millionaires in the world. This mega city has 160,100 millionaires under its wing. This beautiful city is very strict about its cleanliness. This city holds a national reputation for being an extremely immaculate city.

6. Los Angeles (192,400 Millionaires)

This city is known as the entertainment epicenter.  LA is one of the wealthiest cities and home to numerous celebrities.  The latest population of this wonderful city is 12,488,000. The city is full of millionaires and billionaires, but since we are listing the millionaires only, this city has a millionaire count of 192,400. LA is famous for Paramount studio, Hollywood sign, Universal and Warner Bros, etc. Los Angeles is considered one of the cities with most millionaires.

5. Singapore (249,800 Millionaires)

It is Asia’s second biggest city with most millionaires after Tokyo. This city is known for being a worldwide financial center. The city has world-class technology and infrastructure as well as a World Heritage Site. This city has a dense population of 5,953,485 out of which 249,800 are millionaires. This city is said to be one of the best destinations for migrating millionaires too as it is the most business-friendly city in the world.

4. London (272,400 Millionaires)

This city is globally acknowledged as the largest financial center of the world alongside New York.  This city is counted among the top 5 cities with most millionaires in the world. As per the latest census, London has a population of 9,541,000 out of which there are 272,400 millionaires. This city used to be the wealthiest in the world but due to the rise in crime rates and other factors, there has been a slow outflow of millionaires over the years. London is enlisted as one of the oldest cities in the world. London is counted among the cleanest cities in the world.

The Top 3 Cities with Most Millionaires are below

3. San Francisco (276,400 Millionaires)

The city of San Francisco encompasses Silicon Valley and is counted as one of the top 3 cities with most millionaires in the world. 276,400 millionaires inhabit this city which has a population of 876,063. Over the past decade, this city has moved its status up to the top 3 in terms of most millionaires in the world. With its steady progress, it is estimated that this city will be in the top spot among the cities with most millionaires in the world by the year 2040.

2. Tokyo (304,900 Millionaires)

This iconic city is the capital of Japan. This beautiful city is popular for its amazing landmarks, Shibuya Crossing and Tokyo Skytree. This exceptional city runs the combined culture of old and new. The city admires millennia-old traditions with hi-tech technology! Tokyo holds second place in the top cities with most millionaires in the world. This city has a current population of 34,274,000 out of which there are 304,900 millionaires. However, this city has relatively low billionaires compared to most cities. The city’s wealth is controlled by most of the lower-tier millionaires to middle-class millionaires.

1. New York (345,600 Millionaires)

It is the major financial, commercial, and cultural center of the world. New York City is said to be the busiest city in the world. This city has the most corporate and significant government headquarters. New York is the home of the two largest stock exchanges, i.e. NASDAQ and the Dow Jones. The Big Apple holds a population of 18,867,000 out of which the millionaires are 345,600. Boroughs like Brooklyn, Manhattan, Queens, Staten Island, and the Bronx have the world’s most imminent residences costing a fortune. New York is the topmost city with most millionaires in the world!

Conclusion of the Cities with Most Millionaires in the World

All the above cities with most millionaires in the world are the top developed cities in the globe. The race of achieving wealth and status is getting tight by passing time. The cities that used to be on top have slipped down due to some of their shortcomings; on the other hand, some cities have grown swiftly because of their constant hustle to be the best. Millionaires in the world are increasing rapidly and becoming the face of a better future. All these runs for power, money, and technology among the cities of the world are ensuring one thing, and that is ‘Development’. Our tomorrow will be better than yesterday!

Topic Summary

Here is a quick list of the Top 13 Cities with Most Millionaires in the World:-

1. New York
2. Tokyo
3. San Francisco
4. London
5. Singapore
6. Los Angeles
7. Chicago
8. Houston
9. Beijing
10. Shanghai
11. Sydney
12. Hong Kong
13. Frankfurt

• Best Cheapest Countries to live
• Most Expensive Private Jets In The World
• Most Expensive Watches In The World
• Most Expensive Yachts in the World