📺 Stream EntrepreneurTV for Free 📺

U.S. Is Home to 6 of the Top 20 Cities with the Most Billionaires in the World San Francisco has the most billionaire residents of any city, and New York has the most millionaires. See what other cities made the list.

By Madeline Garfinkle •

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

According to a Henley & Partners report, the U.S. dominates its roundup of the world's wealthiest cities, holding six of the 20 spots in its list of the cities with the most millionaires. The firm counts millionaires as anyone with at least $1 million in investable assets. Although New York lost 12% of its wealthiest residents in the first half of 2022, according to the report, the Big Apple is still the city with the most millionaires in the world. However, other cities are catching up to New York and could overtake its top spot over the next few years. Here are the cities where the most wealth is concentrated.

Related: Analysis: These Cities Are Home to the Highest-Income Entrepreneurs

1. New York

Millionaires: 16,207

Billionaires: 59

2. Tokyo

Millionaires: 7,613

Billionaires: 12

3. San Francisco

Millionaires: 13,513

Billionaires: 62

4. London

Millionaires: 9,616

Billionaires: 38

5. Singapore

Millionaires: 8,376

Billionaires: 26

6. Los Angeles

Millionaires: 8,938

Billionaires: 34

7. Chicago

Millionaires: 7,740

Billionaires: 28

8. Houston

Millionaires: 6,904

Billionaires: 25

9. Beijing

Millionaires: 6,633

Billionaires: 44

10. Shanghai

Millionaires: 6,530

Billionaires: 42

11. Sydney

Millionaires: 4,688

Billionaires: 16

12. Hong Kong

Millionaires: 5,870

Billionaires: 28

13. Frankfurt

Millionaires: 4,001

Billionaires: 14

14. Toronto

Millionaires: 4,347

Billionaires: 17

15. Zurich

Millionaires: 7,638

Billionaires: 12

16. Seoul

Millionaires: 4,881

Billionaires: 25

17. Melbourne

Millionaires: 3,629

Billionaires: 12

18. Dallas

Millionaires: 4,551

Billionaires: 18

19. Geneva

Millionaires: 8,645

Billionaires: 16

20. Paris

Millionaires: 2,441

Billionaires: 15

Related: Infographic: Here Are the 15 Most Entrepreneurial Cities in the U.S.
Madeline Garfinkle

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Most Popular

See all
Starting a Business

Most People Have No Business Starting a Business. Here's What to Consider Before You Become an Entrepreneur

You need to find the right business opportunity at the right time and take the right steps to beat the odds.

By Cynthia Kay
Leadership

AI vs. Humanity — Why Humans Will Always Win in Content Creation

With the proliferation and integration of AI across organizations and business units, PR and marketing professionals may be tempted to lean into this new technology more than recommended.

By Cara Sloman
Growing a Business

Who You Hire Matters — Here's How to Form a Team That's Built to Last

Among the many challenges related to managing a small business, hiring a quality team of employees is one of the most important. Check out this list of tips and best practices to find the best people for your business.

By David Busker
Leadership

This Leadership Technique is the Secret to Optimal Team Performance

Through my experience in business, I've found one particular leadership technique that works better than others.

By Adam Kroener
Management

7 Ways You Can Use AI to 10x Your Leadership Skills

While technology can boost individual efficiency and effectiveness, it's essential to balance their use with human intuition and creativity to avoid losing personal connection and to optimize workplace satisfaction.

By Gaurav Aggarwal
Business News

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.

By Emily Rella