Top 10 Cities: The number of ultra-wealthy people worldwide is steadily increasing, and they reside in only a few major cities. The ultra-wealthy are those with a net worth of $30 million or more. A report by the wealth intelligence platform Altrata shows that nearly a fifth of the world’s ultra-wealthy are concentrated in just 10 cities. Seven of these cities are in the United States, indicating that American cities have become the most attractive for the wealthy.

New York: The First Choice of the Wealthy

According to the report, New York is the city with the largest number of ultra-wealthy people. Its ultra-wealthy population is 21,380, a 23% increase compared to last year. New York is a major financial hub in the world, and the banking and financial industries are considered the most popular sectors for the wealthy. Financial opportunities, global trade, and investment opportunities make this city attractive to the wealthy.

Hong Kong: Asia Fastest-Growing Hub

Hong Kong comes in second. The ultra-wealthy population here is 17,215, and this number increased by approximately 11.5% in the first half of 2025. Hong Kong has become a major financial and investment hub in Asia. According to data from Dealogic, IPO valuations on the Hong Kong Stock Exchange increased eightfold to $14 billion in the first half of 2025. The city is proving to be extremely attractive to investors and wealthy individuals.

Dominance of American Cities

A total of 10 cities are included in this list, seven of which are American. American cities like Los Angeles, San Francisco, Chicago, Dallas, and Washington, D.C., have become favorite destinations for the wealthy. The business opportunities, property investment, and startup culture in American cities are what attract ultra-wealthy individuals to spend more time there. These cities not only enhance their standard of living but also strengthen their global reach.

Tokyo and London: The Influence of Asia and Europe

Two cities from Asia and Europe are also included in this list. Tokyo and London are major hubs for the ultra-wealthy. Tokyo is known for its technological and financial power, while London is a hub for global banking and investment. The growth of investment, business opportunities, and wealth in these cities attracts the ultra-wealthy to make their major decisions.

Ultra-Wealthy Populations and Their Global Influence

The report also highlights that the ultra-wealthy population is steadily growing, and their global influence is also increasing. These people are not limited to their cities or countries, but also play a significant role in global trade, politics, investment, and cultural spheres. Their decisions influence the direction of the global economy and markets.

The Link Between Cities and Wealth

These 10 cities around the world demonstrate that wealthy people choose a city not only to enhance their standard of living, but also because of its global network, trade, and investment opportunities. The dominance of billionaires in American cities indicates that economic opportunities and market stability make these cities special.

Disclaimer: This article is based on ultradata and public financial reports. The information provided is for general awareness purposes only. Please consult your financial advisor or expert before making any investment or financial decisions.