New York City was home to the most billionaires in 2022—here's the full list of global cities (2024)
In June, Wealth X released its annual report on the world's billionaire population.
Using RelSci, a data-driven platform, WealthX looked at a database of 11 million influential individuals and 1.8 million organizations to assess and provide insight into where billionaires live based on what they use as their primary business address.
Overall, the report found the top cities ranked were home to 29% of billionaires in 2022.
Almost all of the ones that made the list were major global cities, which proves that the allure of high-end businesses and cultural and lifestyle opportunities remains strong for billionaires.
New York city skyline
Alexander Spatari | Moment | Getty Images
Top 10 cities around the world with the most billionaires
New York City
Hong Kong
San Francisco
Moscow
London
Beijing
Los Angeles
Singapore
Shenzhen
Mumbai
New York City topped the list with 136 billionaires in 2022.
The city's uber-rich population lost two people from 2021 to 2022, but it's still the global billionaire capital.
Hong Kong is home to 112 billionaires, according to the Wealth X report.
Yang Liu | Corbis Documentary | Getty Images
Like New York, Hong Kong had a similar dip of just 2 billionaires — they now total 112.
According to the Wealth X report, although wealth portfolios were slightly less exposed in Hong Kong to the fluctuating global economy, the region's divided political developments weigh on how attractive it is for billionaires to move their non-financial businesses there.
According to aMarch studyfrom Wealth-X and REALM, there's one ultra-wealthy homeowner in San Francisco for every 505 residents.
Over the last 10 years, San Francisco has become synonymous with Silicon Valley and it was one of the fastest-growing cities in the U.S. in 2022. The tech hub starts in the southern part of the San Francisco Bay Area and also includes other cities such as San Mateo, Santa Clara, San Jose, Palo Alto, Cupertino and Mountain View.
Silicon Valley is home to big companies like Apple, Facebook, Google, Twitter, Nvidia, and more.
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The article you've shared delves into the Wealth X annual report, analyzing the distribution of billionaires worldwide. It highlights the top cities hosting these high-net-worth individuals, detailing insights into their preferences, economic landscapes, and the factors influencing their choices of primary business addresses.
Wealth X, a renowned source in wealth intelligence, utilized RelSci, a data-driven platform, to scrutinize an extensive database comprising 11 million influential individuals and 1.8 million organizations. This comprehensive analysis allowed them to ascertain the primary business addresses of billionaires, providing a snapshot of their geographical distribution.
The top cities hosting billionaires in 2022 were predominantly major global hubs, underscoring the allure of these locations for high-end businesses, cultural opportunities, and lifestyle preferences. New York City claimed the top spot with 136 billionaires, closely followed by Hong Kong with 112 billionaires and San Francisco with 84 billionaires.
New York City's prominence is bolstered by its status as home to the world's largest stock markets—the New York Stock Exchange and Nasdaq—alongside being a powerhouse in the U.S. economy.
Hong Kong, despite its slightly diminished billionaire count, faces considerations around its political landscape impacting its attractiveness for non-financial businesses. Additionally, it's known to be one of the most expensive places for expatriates globally.
San Francisco's position within the top three cities is intrinsically tied to Silicon Valley's tech ecosystem, fostering significant wealth generation. It saw a notable surge in high-net-worth individuals over the past decade and continues to be a hotspot for tech giants like Apple, Facebook, Google, and others.
The Henley & Partners report highlighted San Francisco's growth in its population of high-net-worth individuals, indicating a thriving economic landscape. Moreover, the region's concentration of ultra-wealthy homeowners emphasizes the city's appeal among the affluent.
This comprehensive overview touches on key aspects such as economic significance, political climate, lifestyle, and industry concentrations that influence billionaire migration and the distribution of wealth across these global cities.
New York City topped the list with 136 billionaires in 2022. The city's uber-rich population lost two people from 2021 to 2022, but it's still the global billionaire capital.
New York still leads the U.S. and the world when it comes to wealthy cities. With nearly 350,000 millionaires and 60 billionaires, the Big Apple is the richest city in America, according to the USA Wealth Report from Henley & Partners and New World Wealth.
Billionaires' Row is the name of a group of ultra-luxury residential skyscrapers, and the area surrounding them, near the southern end of Central Park in Manhattan, New York City. Several of these buildings are in the supertall category, taller than 1,000 feet (300 m), and are among the tallest buildings in the world.
New York also has the most centi-millionaires in the country with 744. The San Francisco Bay Area came in second place — and in fact has more billionaires than New York. The Bay Area has more than 305,000 millionaires, 675 centi-millionaires and 68 billionaires.
New York City reclaimed its No. 1 spot in 2022 and has held onto it this year. Together, New York City billionaires are worth a collective $616.8 billion. China remains the country with most cities in the top 10, with Beijing dropping from its No.
This is a list of U.S. states and federal district by the number of billionaires as of 2023; there are 756 billionaires living in the United States. They live in 43 of the 50 states. The only states with no billionaire residents are Alaska, Delaware, New Hampshire, New Mexico, North Dakota, Vermont, and West Virginia.
New York, New York: 57th Street (world's most expensive street according to Business Insider) Central Park South (world's third most expensive street) Park Avenue (world's fourth most expensive street)
As the leading global city of the rich, New York boasts nearly 22,000 mega-wealthy people with primary or secondary residences. A separate list of U.S. cities with the highest density of wealthy homeowners ranks Aspen, Colorado, Naples, Florida, and Greenwich, Connecticut, as the top three.
Swift's inclusion comes after Forbes declared the singer a billionaire in October 2023 and reported her net worth at $1.1 billion. In a rare feat, Swift is the first musician to reach the milestone solely from songwriting and performing.
No individual has claimed the status of trillionaire just yet. But a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency isn't unattainable, but it will be a couple of years yet. Only 18 countries have a GDP that exceeds that amount. The World Bank.
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