The world’s top 10 wealthiest cities in 2024 are becoming increasingly popular destinations for the ultra-wealthy due to their abundance of big corporations and high-end real estate. According to the World’s Wealthiest Cities Report 2024 by Henley & Partners and New World Wealth, New York City remains the wealthiest city globally, with several other US cities also making it to the top 50 list.
However, Tokyo has slipped from its previous number one position to third place due to a decline in its high-net-worth individual population. In contrast, Singapore has experienced significant growth in its millionaire population, moving up to fourth place and cementing its position as a leading Asian financial hub. Dubai has also emerged as the wealthiest city in the Middle East, ranking 21st on the list.
Traditional financial centers like London have dropped to fifth place, while Los Angeles has risen to sixth place with an increase in its wealthy population. Meanwhile, India has made remarkable progress, with Mumbai and Delhi breaking into the top 50 list at 24th and 37th place respectively. This suggests a growing presence of wealthy individuals in the country.
The list of the top 10 wealthiest cities in the world in 2024 highlights the shifting landscape of global wealth and economic power. As businesses continue to expand into new markets and individuals seek out new opportunities for investment and growth, these cities are likely to remain at the forefront of global prosperity for years to come.