Discover the 10 cities with the highest number of millionaires in the world

The economic turmoil taking place on the global stage did not prevent the number of millionaires from growing. The report by Henley & Partners, a migration and investment consulting firm, assessed that the number has grown and is concentrated in some cities specific.

Cities with the highest concentration of millionaires

The city of Hangzhou, China, topped the list by a wide margin and is at the top of the highest concentration of millionaires. From 2012 to 2022, the population that resides in this city has the economic support to invest up to US$ 1 million soared to 105%.

By the end of 2022, around 30,000 Chinese city people were able to make significant investments. Another 98 people were multimillionaires, with the ability to invest more than US$ 100 million and had 12 billionaires.

In the Chinese list, the cities Guangzhou and Shenzhen appear, appearing in the first 10 names of the list, one in third place and the other in seventh place. In Shenzhen, the number of billionaires jumped to 98% between 2012 and 2022, and the city of Guangzhou saw a significant increase of 86%.

The United States is certainly on the list leading with the most cities among the top 10 names. Austin, the capital of Texas, took second place on the list, with the millionaire population growing by 102% from 2012 to 2022, with Florida's West Palm Beach growing 90% during the same period.

Rounding out the list is Scottsdale, Arizona, with growth of 88%.

Europe is not in the ranking of the 10 cities with the highest number of millionaires and the dominance of the United States is not something so difficult to imagine, even more so due to the performance in the technological sector. The fierce dispute was between China and the United States, with India appearing twice, the United Arab Emirates and Vietnam present.

List of cities where millionaires live:

1. Hangzhou – China (105%);
2. Austin – USA (102%);
3. Shenzhen – China (98%);
4. West Palm Beach – USA (90%);
5. Scottsdale – USA (88%);
6. Bangalore – India (88%);
7. Guangzhou – China (86%);
8. Sharjah – United Arab Emirates (84%);
9. Ho Chi Minh City – Vietnam (82%);
10. Hyderabad – India (78%).

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