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New York City: The City with the Most Millionaires in the World
New York City — often dubbed The Big Apple — isn’t just one of the world’s most iconic cities; it’s also the global leader when it comes to the number of millionaire residents. According to the World’s Wealthiest Cities Report 2025, produced by Henley & Partners in collaboration with New World Wealth, New York tops the list with more resident millionaires than any other city on the planet.
A Wealth Powerhouse
As of the latest report, New York City is home to approximately 384,500 high-net-worth individuals (HNWI) — people with liquid investable wealth of at least US $1 million. That figure places NYC ahead of other global financial hubs like the San Francisco Bay Area, Tokyo and Singapore.
To put that number in perspective, roughly 1 in every 24 New Yorkers is a millionaire, a remarkable concentration of wealth in a city with a population of about 8 million people.
Who Counts as a Millionaire
The ranking measures liquid investable wealth — cash, stocks, bonds and other easily tradable assets — rather than including fixed assets like property. This method highlights the financial flexibility and real monetary wealth held by individuals, rather than just real estate valuations.
In addition to its millionaire population, New York also boasts a large group of ultra-wealthy residents: hundreds of centi-millionaires (those with more than US $100 million in liquid assets) and dozens of billionaires call the city home.
Why NYC Attracts Wealth
Several factors help explain New York’s position atop the global wealth rankings:
• Financial epicentre: Home to Wall Street, the New York Stock Exchange and Nasdaq, NYC remains a global finance powerhouse.
• Business and innovation hub: Beyond finance, sectors like tech, media, fashion, real estate, healthcare and professional services contribute to wealth creation.
• Cultural magnet: World-class art, entertainment, universities and a vibrant international culture draw ambitious professionals and investors.
Wealth in a Changing World
While New York retains its crown, other cities and regions are rapidly growing their wealthy populations. For example, the San Francisco Bay Area — including Silicon Valley — has seen especially fast growth in recent years, propelled by the tech sector.
Nevertheless, New York’s sheer number of millionaires remains unmatched, affirming its status as the world’s richest city on many measures.
Attached is a news article regarding NYC having the most millionaires in the world as a city
Article written and configured by Christopher Stanley
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