Ranked: The Top 20 Cities with the Most Billionaires

Ranked: Top 20 Cities with the Most Billionaires

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The global distribution of billionaire wealth is becoming increasingly concentrated in major urban centers. This infographic ranks the world’s top 20 cities by the number of resident billionaires, offering a snapshot of where extreme wealth is clustered in 2025.

The data for this visualization comes from Forbes, based on Forbes’ annual global rich list.

New York’s Unmatched Lead

New York City ranks first by a wide margin, with 109 billionaires calling the city home. Its dominance reflects decades of financial leadership, global capital flows, and a deep concentration of investment firms, real estate wealth, and corporate headquarters.

No other city comes close to this level of billionaire density. Even second-place Hong Kong trails New York by more than 30 individuals, highlighting just how unique the city’s wealth ecosystem is.

Rank	City	Country	Number of Billionaires
1	New York	United States	109
2	Hong Kong	China (Hong Kong SAR)	74
3	Moscow	Russia	73
4	Mumbai	India	69
5	Beijing	China	63
6	London	United Kingdom	62
7	Shanghai	China	54
8	Singapore	Singapore	52
9	San Francisco	United States	50
10	Delhi	India	43
11	Shenzhen	China	37
12	Los Angeles	United States	35
13	Taipei	Taiwan	34
14	Hangzhou	China	31
14	Seoul	South Korea	31
16	Paris	France	28
17	Tokyo	Japan	27
18	Bangkok	Thailand	26
18	Milan	Italy	26
20	Dallas	United States	24

Asia’s Growing Concentration of Wealth

Asian cities account for a significant share of the ranking. Hong Kong, Mumbai, Beijing, Shanghai, Singapore, and Shenzhen all place within the top 10. China alone features multiple cities on the list, including Beijing, Shanghai, Shenzhen, Hangzhou, and Guangzhou.

India also stands out with Mumbai and Delhi representing the country’s expanding billionaire class. These cities benefit from rapid economic growth, large domestic markets, and strong technology and manufacturing sectors.

Europe and North America Still Matter

Despite Asia’s rise, traditional wealth centers in Europe and North America remain highly competitive. London, Paris, and Milan continue to host large concentrations of ultra-wealthy residents.

Expanding beyond the top 20, U.S. cities such as Dallas, Chicago, and Palm Beach illustrate how billionaire wealth is distributed across America’s finance, technology, energy, and real estate hubs. Smaller but influential cities like Palo Alto highlight the outsized role of tech-driven wealth creation.

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• Source: https://www.visualcapitalist.com/ranked-the-top-20-cities-with-the-most-billionaires/