NYC Is World's Wealthiest City, Bay Area Boasts Most Billionaires
- New York leads list with 340,000 millionaires last year
- California’s Bay Area has most billionaires with 63
- The United States had 10 of the 50 wealthiest cities in the world according to data compiled by investment group Henley & Partners
- There were three US cities in the top 10 globally, NYC, the Bay Area, and LA
- Including Hong Kong, China also had three cities in the top 10 spot globally
New York held its top spot after the number of high net worth individuals surged 40% in the 2012-2022 period.
New York City is the richest city in the world, boasting more millionaires than any other place on the planet, a new study has found.
As of 2023, NYC was home to 340,000 millionaires, along with 58 billionaires.
Tokyo claimed number two spot with 290,000 millionaires, and 14 billionaires while the San Francisco Bay Area came in at number three with 285,000 millionaires, but a much higher count of billionaires with 63.
The findings were compiled by the investment group Henley & Partners and looked at data from 97 cities across the world.
The data considered population counts for millionaires and billionaires in the cities, as well as the percentage growth of high-net-worth individuals in those cities from 2012 to 2022.
REVEALED: The world's richest cities: Big Apple tops the list
Data showed the United States had 10 of the 50 wealthiest cities in the world, and that New York City, San Francisco's Bay Area, and Los Angeles took places in the top 10 spots globally.
