The latest Henley & Partners World Wealth Report for 2025 ranks London as the sixth richest city globally, housing 215,700 millionaires and 33 billionaires. Despite these numbers, the city has seen a 12% drop in millionaires compared to the previous year. London is still considerably affluent compared to other cities, attracting high-net-worth individuals despite the rising cost of living that increases socioeconomic disparity. The financial landscape shows New York City significantly outpacing London, with almost double the millionaire count, reflecting ongoing shifts in global wealth migration.
London is one of the richest cities globally, with 215,700 millionaires and 33 billionaires, despite a decline in millionaire numbers from 2024 to 2025.
According to the Henley & Partners World Wealth Report, London ranks sixth among the world's wealthiest cities, impacted by a 12% fall in millionaire residents.
While London falls behind New York City and others in millionaire counts, it still boasts a considerable number of wealthy individuals and luxury attractions.
The cost of living in London creates a divide; many struggle to get by, while wealthy individuals indulge in luxury, further illustrating the economic disparity.
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