List of top 10 cities in the world with the most millionaires

According to Henley & Partners Group, a residency advisory firm, New York, Tokyo, and the San Francisco Bay Area are the cities with the highest numbers of millionaires, as stated by a report from Bloomberg.

Five of the top ten cities on the list with the most millionaires are in the US. What’s on the list?

1. New York
2. Tokyo
3. San Francisco Bay Area
4. London
5. Singapore
6. Los Angeles and Malibu
7. Chicago
8. Houston
9. Beijing
10. Shanghai
    

According to the report, the number of millionaires in New York fell by 12% in the first half of 2022, while it increased by roughly 4% in the San Francisco Bay Area. According to the survey, there were 9% fewer millionaires in London.

The cities with the fastest growth in millionaires so far this year are Riyadh and Sharjah. According to the survey, Abu Dhabi and Dubai are among the cities with the fastest-rising millionaire populations.

Beijing and Shanghai have also recorded losses as China is set to see the second-largest wealth outflow after Russia this year, Bloomberg reported.