Press release: WealthInsight Top 10 global cities for millionaires
- Tokyo tops the millionaire list
- London tops the multi-millionaire list
- New York tops the billionaire list
According the WealthInsight analyst Andrew Amoils:
"Tokyo tops our millionaire list and is surprisingly above New York. This is partly due to the fact that many wealthy New Yorkers live off the Island in cities such as Greenwich"
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| Rank | City | Number of millionaires (000s) |
|---|---|---|
| 1 | Tokyo | 461 |
| 2 | New York City (Manhattan) | 389 |
| 3 | London | 281 |
| 4 | Paris | 219 |
| 5 | Frankfurt | 217 |
| 6 | Beijing | 213 |
| 7 | Osaka | 190 |
| 8 | Hong Kong | 187 |
| 9 | Shanghai | 166 |
| 10 | Singapore | 157 |
Source: WealthInsight © WealthInsight
WealthInsight has also released a list of the top 20 cities for multi-millionaires (individuals with over US$30 million each) and top 20 cities for billionaires. These two lists are in the briefing attached.
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By GlobalDataThis briefing also includes a case study on the top 10 countries for millionaires in 2012 and 2020.
Definitions:
- "Multi-millionaires" otherwise known as "ultra high net worth individuals" or "UHNWIs" are individuals with net assets of US$30 million or more excluding their primary residences.
- "Millionaires" otherwise known as "high net worth individuals" or "HNWIs" refer to individuals with net assets of US$1 million or more excluding their primary residences.
- For the purposes of this report, the phrase "review period" relates to the years 2007-2012 and the "forecast period" relates to the years 2012-2017.
If you have any questions about this release, or would like more information, please contact us.
Best regards,
Andrew Amoils
