Singapore ranked fourth place in the latest World’s Wealthiest Cities Report 2025 by Henley & Partners and New World Wealth.
US continues to dominate the list of top cities for millionaires, with New York securing the first position. New York is home to 384,500 high-net-worth individuals, including 818 centimillionaires and 66 billionaires.
The Bay Area, encompassing San Francisco and Silicon Valley, ranks second with 342,400 millionaires and boasts more billionaires, 82, than New York.
The report highlights Dubai as the fastest-growing city in terms of millionaire population, with a 102% increase over the past decade, moving from 21st to 18th place with 81,200 millionaires.
Shenzhen, Hangzhou, and Dubai outpaced the Bay Area’s 98% growth between 2014 and 2024. Seoul experienced the most significant decline, dropping from 19th to 24th place.
Tokyo maintained its third place this year, whilst Los Angeles has overtaken London for the fifth spot. London, now sixth, and Moscow, 40th, are the only cities in the top 50 to record negative growth over the past decade, with declines of 12% and 25%, respectively.
The report also forecasts significant growth in centimillionaire populations in cities like Dubai, Abu Dhabi, Delhi, and Bengaluru over the next decade. Monaco tops the list of the world’s most expensive cities, with prime flat prices exceeding $38,800 per square metre.
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