These are the top 10 cities where the world's wealthiest live
Briefly

These are the top 10 cities where the world's wealthiest live
"What do New York, Dallas, and Tokyo have in common? A lot of really rich people. The ultrawealthy - meaning anyone worth more than $30 million - are concentrated in certain hotspots, with some 19% of them living in just 10 cities worldwide, according to a report by wealth intelligence firm Altrata. New York comes out on top in terms of the number of ultrawealthy people, with 21,380, according to the report. Hong Kong is next, at 17,215, followed by Los Angeles."
"America doesn't just dominate the list of top cities - 38% of the entire ultrawealthy population lives in the US, Altrata found. There were around 510,810 ultra-high net worth individuals globally by the end of June 2025, and the population has ballooned since Altrata began collecting its data in 2004, "outpacing the expansion of the global adult population by a factor of seven," per the report."
"Altrata's report also shed light on how the world's richest people spend their money. They collectively spent $290 billion on luxury goods last year, with transportation making up the lion's share. Luxury brands have zeroed in on the ultrawealthy in recent years, with companies catering to the wealthiest of the wealthy generally doing better than those with a broader audience."
Ultrawealthy individuals are defined as those worth more than $30 million. Approximately 510,810 ultra-high-net-worth individuals existed globally by the end of June 2025. About 19% of ultrawealthy people live in the ten cities with the highest concentrations. New York has 21,380 ultrawealthy residents; Hong Kong has 17,215, followed by Los Angeles, San Francisco, Chicago, Tokyo, London, Dallas, Washington, DC, and Houston. Thirty-eight percent of the ultrawealthy population lives in the United States. Growth since 2004 has outpaced the global adult population by a factor of seven. Oslo, Bengaluru, and Hyderabad lead projected city growth to 2030. The ultrawealthy spent $290 billion on luxury goods last year.
Read at Business Insider
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