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The top 10 cities around the world with the most ultra-wealthy people

Hong Kong skyline
Hong Kong was home to the most ultra high net worth people in 2022.REUTERS/Tyrone Siu
  • Wealth-X examined the global population of ultra-high net worth people to find where they live.

  • There are 395,070 people globally with net worths of more than $30 million, Wealth-X calculates.

  • A big part of that group lives in just 10 cities around the world, congregating in global capitals.

There are around 400,000 people in the world who are classified as having ultra-high net worths — about 0.005% of the world's total population of 8 billion, according to a 2023 report from the analytics provider Wealth-X, which researches high net worth people.

The Wealth-X 2023 World Ultra Wealth report analyzes the global population of ultra-high net worth individuals — people with net worths of more than $30 million. In 2022, this group of 395,070 people held a collective wealth of over $45 trillion, according to the report.

Less than 1% of the ultra-high net worth group is comprised of billionaires, though billionaire net worths account for 24% of that $45 trillion total. And just 11% of this group is comprised of women.

15% of this group — 60,985 individuals — lives in just 10 cities around the world.

Half of the cities on the list of 10 are in the US; two are in Europe; and three are in Asia. While New York City is at the top of the list when counting the world's billionaire population, Hong Kong comes out on top when looking at ultra-high net worth population, the report says.

Here are the 10 cities across the world where ultra-high net worth people congregate, according to the report.

10. Washington, D.C.

washington dc skyline
The skyline of Washington DC featuring the U.S. Capitol and the Mall.Reuters/Larry Downing

Ultra-high net worth population in 2022: 3,465

Percentage lost or gained from 2021 to 2022: +0.1%

9. Tokyo

tokyo street japan shopping
A street near Hachiko Square in Shibuya, Tokyo.Ken Straiton/Getty Images

Ultra-high net worth population in 2022: 3,710

Percentage lost or gained from 2021 to 2022: -27%

 

8. Paris

Paris skyline
The Paris skyline at sunset, which apparently beckons the wealthy.Getty Images

Ultra-high net worth population in 2022: 3,995

Percentage lost or gained from 2021 to 2022: -18.1%

7. Singapore

Singapore.
The city-state of Singapore is known to be a place that attracts the wealthy.Taro Hama @ e-kamakura/Getty Images

Ultra-high net worth population in 2022: 4,160

Percentage lost or gained from 2021 to 2022: +13.4%

 

6. Chicago

Chicago river and skyline
Chicago is known for its Riverwalk, architecture, cold winters, and deep-dish pizza.Mlenny/Getty Images

Ultra-high net worth population in 2022: 4,235

Percentage lost or gained from 2021 to 2022: +3.8%

5. San Francisco

Golden Gate Bridge in San Francisco, California.
The Golden Gate Bridge in San Francisco, where a thriving tech scene has sprouted a large crop of high-net worth people.Coyright Roy Prasad/Getty Images

Ultra-high net worth population in 2022: 4,385

Percentage lost or gained from 2021 to 2022: +0.5%

4. Los Angeles

los angeles skyline
Not far from the skyscrapers of downtown Los Angeles are Hollywood and Burbank, the centers of entertainment.Ilja Mask / EyeEm

Ultra-high net worth population in 2022: 6,205

Percentage lost or gained from 2021 to 2022: +1%

3. London

The London skyline.
London's historical status as a key global city continues to mean it's the home to a big percentage of ultra-high net worth people.Getty

Ultra-high net worth population in 2022: 6,370

Percentage lost or gained from 2021 to 2022: -3.6%

2. New York

The NYC skyline
New York City is one of the most-visited cities in the US, and the largest by population. It's also home to a large number of high net worth people.StockByM/Getty Images

Ultra-high net worth population in 2022: 11,845

Percentage lost or gained from 2021 to 2022: +2.3%

1. Hong Kong

Hong Kong skyline
Hong Kong has faced challenges in the past few years, with a crackdown from mainland China, and Covid, but it's still the home to the most ultra-high net worth people.Kanok Sulaiman/Getty Images

Ultra-high net worth population in 2022: 12,615

Percentage lost or gained from 2021 to 2022: -23%

Read the original article on Business Insider