Bengaluru Makes It To The List Of Cities With 'Most Millionaires'

New York has almost 350,000 millionaires, which is the highest of any city and up by 48% from a decade ago, as per a global ranking of the wealthiest cities by Henley & Partners, an immigration consultancy. About one in every 24 of its 8.26 million residents has a seven-figure net worth, compared to about one in 36 in 2013. New York still has many ultra-rich too: the report found that it has 60 billionaires and 744 people with massive wealth of over $100 million.

The data uncovers the scope of New York's wealth at a time when some of the city's richest people are grappling due to a power shift to Florida as the finance industry. While Miami ranked 33rd among the cities with the highest millionaires, up 78% over the past 10 years.

The Bay Area is positioned second, with 305,700 people with a seven-figure net worth living in the region that includes San Jose, San Francisco and Palo Alto. Tokyo ranks third with 298,300, a figure that fell 5% over the past decade. Singapore at. 4, has become a preferable destination for migrating millionaires with about 3,400 high net-worth individuals in 2023 alone.