The top 10 prosperous cities in America

As the saying goes, money makes the world go round. But wealth also tends to cluster, with affluent individuals gravitating toward certain cities where they can mingle and compare fortunes. The Henley 2024 World’s Wealthiest Cities Report, compiled in collaboration with global data intelligence firm New World Wealth, highlights the top cities where millionaires reside.

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The Top 10 Wealthiest Cities

The United States leads the rankings, with 11 cities making the Top 50. Here’s a closer look at the top 10:

1. New York City, USA

New York remains the world's wealthiest city, boasting a staggering $3 trillion in total resident wealth—more than many major G20 nations. The city is home to 349,500 millionaires, 744 centi-millionaires (those with over $100 million in investable assets), and 60 billionaires.

2. Bay Area, USA

Encompassing San Francisco and Silicon Valley, the Bay Area ranks second with one of the highest wealth growth rates globally. Its millionaire population has surged by 82% over the past decade, now totaling 305,700, alongside 675 centi-millionaires and 68 billionaires.

3. Tokyo, Japan

Once the world’s wealthiest city, Tokyo has seen a 5% decline in its high-net-worth population over the past decade. Currently, it houses 298,300 millionaires but faces competition from other growing Asian financial hubs.

4. Singapore

Climbing two spots to fourth place, Singapore has seen a 64% increase in millionaires over the past decade. Known for its business-friendly environment, it continues to attract migrating millionaires, with 3,400 moving there in 2023 alone. The city now has 244,800 millionaires, 336 centi-millionaires, and 30 billionaires.

5. London, UK

London, once the wealthiest city in the world, has experienced a 10% decline in its millionaire population over the past decade. Currently, 227,000 millionaires, 370 centi-millionaires, and 35 billionaires reside in the city.

6. Los Angeles, USA

Los Angeles has climbed two spots over the past decade, thanks to a 45% growth in its wealthy population. Now home to 212,100 millionaires, 496 centi-millionaires, and 43 billionaires, the city continues to attract high-net-worth individuals.

7. Paris, France

Paris maintains its seventh-place ranking, with 165,000 resident millionaires. The city remains a major financial and cultural hub for Europe’s elite.

8. Sydney, Australia

Sydney has climbed to eighth place, hosting 147,000 millionaires. Its luxury real estate market and strong financial sector continue to drive wealth accumulation.

9. Hong Kong, China

Despite dropping four spots over the past decade, Hong Kong still ranks ninth, with 143,400 millionaires. The city remains a significant financial center in Asia, though competition from mainland China is intensifying.

10. Beijing, China

Breaking into the top ten for the first time, Beijing’s millionaire population has grown by 90% over the past decade, reaching 143,400. The city is a rising global powerhouse in finance and innovation.

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