Cities with the most millionaires

New in-depth  analysis from New World Wealth reveals that London tops the list of cities with the most millionaires with over 339,000 at the end of 2013, followed by New York and Tokyo.

The global wealth consultancy noted that the top 30 cities includes 12 Asian cities, 10 American cities and eight European cities.

“Millionaires” refer to individuals with net assets of US$1 million or more excluding their primary residences.

No Middle Eastern or African cities feature in the top 30. The top ranked Middle Eastern city was Istanbul with 35,000 millionaires in 2013. Dubai was ranked 2nd in the Middle East with approximately 26,000 millionaires.

The highest ranked African city was Johannesburg with just over 23,000 millionaires in 2013.

Top 30 cities in the world for millionaires (2013)

# City Millionaires % of total millionaires
1 London 339,200 41.6%
2 New York City 300,100 7.4%
3 Tokyo 226,500 21.4%
4 Singapore 225,000 100.0%
5 Hong Kong 164,500 100.0%
6 Los Angeles 159,800 4.0%
7 Chicago 128,100 3.2%
8 Frankfurt 120,000 16.4%
9 Mexico City 118,800 72.5%
10 San Francisco 112,700 2.8%
11 Paris 96,400 39.5%
12 Osaka 93,200 8.8%
13 Beijing 84,700 16.7%
14 Zurich 84,400 31.8%
15 Sao Paulo 84,200 32.1%
16 Seoul 83,600 83.2%
17 Taipei 80,600 83.5%
18 Houston 79,600 2.0%
19 Toronto 76,100 27.9%
20 Geneva 74,300 27.9%
21 Munich 71,500 9.8%
22 Shanghai 66,000 13.0%
23 Sydney 59,800 37.8%
24 Dallas 57,800 1.4%
25 Hamburg 54,200 7.4%
26 Moscow 52,700 64.1%
27 Atlanta 45,200 1.1%
28 Rome 41,800 33.7%
29 Melbourne 38,000 24.0%
30 Mumbai 37,100 23.1%

Calculating the number of millionaires per unit of the population, Swiss cities Geneva and Zurich come out tops, with 74,000 and 84,400 millionaires out of a metropolitan population of 1.3 million and 1.8 million respectively.

Singapore comes in third, with 225,000 millionaires in a population of 5 million, whilst San Francisco and London round out the top five with 112,700 and 339,200 millionaires out of a population of 4.3 million and 13.6 million people.

More on NWW

Where South Africa’s rich live

Luxury assets on the rise in SA

Must Read

Partner Content

Show comments

Trending Now

Follow Us

Cities with the most millionaires