Book an Appointment
Henley & Partners has revealed the top cities where millionaires reside in 2024, with New York, Singapore, and Tokyo leading the list. This report dives into the migration trends behind the rankings and provides key visa insights for global travelers.
As global wealth shifts and migration patterns evolve, Henley & Partners’ latest report reveals the Top 50 Cities for Millionaires in 2025. The data reflects financial powerhouses and highlights key destinations shaping visa trends, migration decisions, and travel opportunities.
Top 10 Cities for Millionaires in 2025
Here’s a breakdown of the top 10 cities with the highest number of millionaires, providing insights for aspirational travelers and those considering a move.
1. New York City, USA
New York remains the ultimate financial capital. Its thriving economy and iconic lifestyle attract high-net-worth individuals (HNWIs) from across the globe. For migrants, NYC offers vast opportunities, but be prepared for a high cost of living and competitive US visa requirements.
• Millionaires: 384,500
• Centi-Millionaires: 818
• Billionaires: 66
• Millionaire Growth (2014–2024): 45%
2. The Bay Area, USA
Home to Silicon Valley, the Bay Area has seen the highest millionaire growth in the past decade. Tech entrepreneurs and investors continue to flock here, making it a top destination for skilled migrants and digital nomads.
• Millionaires: 342,400
• Centi-Millionaires: 756
• Billionaires: 82
• Growth: 98%
3. Tokyo, Japan
Tokyo remains a global economic hub despite modest growth. With its safety, cleanliness, and robust infrastructure, it’s a top pick for wealthy Asian expats and business travelers.
• Millionaires: 292,300
• Centi-Millionaires: 262
• Billionaires: 18
• Growth: 4%
4. Singapore
Singapore is booming as a wealth migration hotspot. It’s politically stable, low-tax, and business-friendly, making it ideal for both wealthy expats and global entrepreneurs.
• Millionaires: 242,400
• Centi-millionaires: 333
• Billionaires: 30
• Growth: 62%
5. Los Angeles, USA
Known for its entertainment industry and innovation, Los Angeles is also a growing magnet for international wealth. Its diverse communities and creative industries draw many visa seekers.
• Millionaires: 220,600
• Centi-Millionaires: 516
• Billionaires: 45
• Growth: 35%
6. London, UK
Despite a slight decline, London remains Europe’s millionaire capital. Its rich culture, finance sector, and global connections keep it attractive for both migrants and tourists.
• Millionaires: 215,700
• Centi-millionaires: 352
• Billionaires: 33
• Growth: -12% (decline)
7. Paris, France
Paris remains a favorite for wealthy individuals who enjoy art, fashion, and gourmet experiences. While France has strict tax policies, its lifestyle continues to draw expats.
• Millionaires: 160,100
• Centi-millionaires: 277
• Billionaires: 22
• Growth: 5%
8. Hong Kong (SAR), China
Despite political challenges, Hong Kong is still a business magnet. Its proximity to mainland China and global financial relevance keep it on the millionaire map.
• Millionaires: 154,900
• Centi-millionaires: 346
• Billionaires: 40
• Growth: 3%
9. Sydney, Australia
Sydney’s laid-back lifestyle and economic stability make it a millionaire favorite. The Australian government actively welcomes skilled migrants through point-based visas.
• Millionaires: 152,900
• Centi-millionaires: 224
• Billionaires: 22
• Growth: 28%
10. Chicago, USA
Chicago combines business, education, and quality of life. Its balanced cost of living and central location make it ideal for both investors and job seekers.
• Millionaires: 127,100
• Centi-Millionaires: 295
• Billionaires: 25
• Growth: 24%
Final Thoughts
The rise of millionaires in cities like New York, Singapore, and Sydney shows where opportunity flows. For migrants and travelers, these cities represent not just wealth but also mobility, innovation, and multicultural growth.
If you’re considering moving, studying, or investing abroad, now’s the time to align your visa plans with economic hubs that offer both prosperity and global access.
Source: https://travelobiz.com/top-cities-millionaires-2025-visa-migration-insights/
