Recently, Henley & Partners released a report naming the world’s wealthiest cities. They rank these cities based on the number of millionaires they house. With the pace at which the Indian economy is growing, it is no surprise that a few Indian cities are also listed in the top 50 wealthiest cities.
As per Henley & Partners, New York tops the list with more than 3,50,000 millionaires. Not only this, but New York also has one of the largest share of the ultra-rich, housing 60 billionaires and 744 people with an investable wealth of more than $100 million.
The list further includes the Bay Area, which accommodates 3,05,700 millionaires. The Bay Area includes the metropolis of San Francisco and Silicon Valley. Companies like Airbnb, Alphabet, Apple, Intel, Meta, Netflix, Nvidia, and Uber have their head offices or offices for major operations in this region.
Third on the list is Tokyo. It is home to more than 2,98,300 millionaires and has a fair dispersion of health. It is the 3rd wealthiest country in the World and the wealthiest city in Asia.
Other cities that made the list are:
- London
- Los Angeles
- Paris
- Shenzhen and Hangzhou
- Singapore
- Sydney
- Hong Kong
- Beijing
Is There Any City From India?
Bengaluru is ranked as the fastest-growing city in the world for millionaires. As per the report, the city is known as the Silicon Valley of India, with some of the best companies to work with, such as Wipro and Infosys. Along with Bengaluru, Mumbai and Delhi were also ranked 24th and 37th, respectively, in the list of top 50 wealthiest cities in the world.
According to Juerg Steffen, CEO of Henley & Partners, the growth of these cities can be attributed to the financial boom that happened in the past few years. He adds that global equities surged by 20% in 2023 and 7% this year.
