New York City is the richest city in the world, home to about 384,500 dollar millionaires. The San Francisco Bay Area, Tokyo, Singapore and Los Angeles complete the top five. Cities are ranked by how many wealthy residents they have, not by economic output.
The richest cities in the world (2026)
Measured by the number of resident dollar millionaires — people with at least $1 million in investable wealth — a handful of financial and tech hubs dominate. New York leads, followed closely by the Bay Area, home of Silicon Valley. Figures are from the latest Henley & Partners wealth report.
| Rank | City | Country | Millionaires |
|---|---|---|---|
| 1 | New York City | USA | 384,500 |
| 2 | Bay Area (San Francisco) | USA | 342,400 |
| 3 | Tokyo | Japan | 292,300 |
| 4 | Singapore | Singapore | 242,400 |
| 5 | Los Angeles | USA | 222,600 |
| 6 | London | UK | 215,700 |
| 7 | Paris | France | 160,100 |
| 8 | Hong Kong | China | 154,900 |
| 9 | Sydney | Australia | 152,900 |
| 10 | Chicago | USA | 127,100 |
Source: Henley & Partners / New World Wealth, World’s Wealthiest Cities Report (latest edition).
Where wealth is growing fastest
The map of urban wealth is shifting. The United States is dominant, with 11 cities in the global top 50, and New York leads on both millionaires and billionaires. But the fastest growth is in Asia and the Gulf: the number of millionaires in Shenzhen has jumped more than 140% over the past decade, and Dubai has become the world’s top destination for millionaires moving abroad (Henley & Partners). Notably, the Bay Area is home to more billionaires than New York, thanks to the technology boom.
Key takeaways
- New York is the richest city, with about 384,500 dollar millionaires.
- The Bay Area, Tokyo, Singapore and Los Angeles round out the top five.
- The US has 11 of the world’s 50 wealthiest cities.
- Wealth is growing fastest in Asian and Gulf cities like Shenzhen and Dubai.
Frequently asked questions
What is the richest city in the world in 2026?
New York City, home to about 384,500 dollar millionaires (Henley & Partners). It ranks first by the number of wealthy residents, ahead of the San Francisco Bay Area and Tokyo.
Which city has the most billionaires?
New York has the most by total count, but the San Francisco Bay Area is home to more billionaires overall — around 82 — driven by the wealth created in Silicon Valley’s technology industry.
How is a city’s wealth measured?
By the number of resident millionaires and billionaires, not by economic output. A city can have a large GDP but rank lower if its wealth is spread more evenly across the population.
Sources
- Henley & Partners, World’s Wealthiest Cities Report — retrieved 2026-07-05 — henleyglobal.com
- Henley & Partners, Fastest-growing wealth cities — retrieved 2026-07-05 — henleyglobal.com
- Forbes, The world’s wealthiest cities — retrieved 2026-07-05 — forbes.com
Last updated: July 4, 2026
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