Connect with us

Money

World of Wealth: The Top Cities for Millionaires

Published

9 years ago

on

World of Wealth: The Top Cities for Millionaires

Millionaire density by city

World of Wealth: The Top Cities for Millionaires

Previously, we featured this post on the world’s millionaires, which covers millionaire density and the top cities as well. However, today’s infographic has some information that is particularly interesting, which can be found in the “Ultra High Net Worths by Country” section.

This breaks down the demographics of the rich by looking at age, gender, net worth, political involvement, charitable foundations, and whether they are self-made or have inherited their money. Hong Kong and Germany have the highest degree of millionaires that are female, and Russia and China have the youngest average millionaire age. More than one half of American millionaires are politically involved, while only 2% of Germany’s wealthy are involved in politics.

Graphic from: Raconteur

Powering New York

Gold: The Most Sought After Metal on Earth
3d-linkA Year’s Extraction of Metals Next to Landmarks A Year's Extraction of Metals Next to Landmarks and Cities

A Year’s Worth of Resources in BCA Year's Worth of Resources in BCThe Definitive History of Bitcoin 

Related Topics:
Click for Comments

Money

Charted: Which City Has the Most Billionaires in 2024?

Just two countries account for half of the top 20 cities with the most billionaires. And the majority of the other half are found in Asia.

Published

1 day ago

on

April 25, 2024

By

A cropped bar chart ranking the top 20 cities with the most billionaires in 2024.

Charted: Which Country Has the Most Billionaires in 2024?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Some cities seem to attract the rich. Take New York City for example, which has 340,000 high-net-worth residents with investable assets of more than $1 million.

But there’s a vast difference between being a millionaire and a billionaire. So where do the richest of them all live?

Using data from the Hurun Global Rich List 2024, we rank the top 20 cities with the highest number of billionaires in 2024.

A caveat to these rich lists: sources often vary on figures and exact rankings. For example, in last year’s reports, Forbes had New York as the city with the most billionaires, while the Hurun Global Rich List placed Beijing at the top spot.

Ranked: Top 20 Cities with the Most Billionaires in 2024

The Chinese economy’s doldrums over the course of the past year have affected its ultra-wealthy residents in key cities.

Beijing, the city with the most billionaires in 2023, has not only ceded its spot to New York, but has dropped to #4, overtaken by London and Mumbai.

RankCityBillionairesRank Change YoY
1🇺🇸 New York119+1
2🇬🇧 London97+3
3🇮🇳 Mumbai92+4
4🇨🇳 Beijing91-3
5🇨🇳 Shanghai87-2
6🇨🇳 Shenzhen84-2
7🇭🇰 Hong Kong65-1
8🇷🇺 Moscow59No Change
9🇮🇳 New Delhi57+6
10🇺🇸 San Francisco52No Change
11🇹🇭 Bangkok49+2
12🇹🇼 Taipei45+2
13🇫🇷 Paris44-2
14🇨🇳 Hangzhou43-5
15🇸🇬 Singapore42New to Top 20
16🇨🇳 Guangzhou39-4
17T🇮🇩 Jakarta37+1
17T🇧🇷 Sao Paulo37No Change
19T🇺🇸 Los Angeles31No Change
19T🇰🇷 Seoul31-3

In fact all Chinese cities on the top 20 list have lost billionaires between 2023–24. Consequently, they’ve all lost ranking spots as well, with Hangzhou seeing the biggest slide (-5) in the top 20.

Where China lost, all other Asian cities—except Seoul—in the top 20 have gained ranks. Indian cities lead the way, with New Delhi (+6) and Mumbai (+3) having climbed the most.

At a country level, China and the U.S combine to make up half of the cities in the top 20. They are also home to about half of the world’s 3,200 billionaire population.

In other news of note: Hurun officially counts Taylor Swift as a billionaire, estimating her net worth at $1.2 billion.

Continue Reading
Appian-Capital

Subscribe

Popular