Dubai, Mumbai, and Shenzhen (China) will be amongst the wealthiest cities by the year 2030. These three cities are growing quickly and are expected to break into the list of top 20 cities with the most millionaires by 2030, as per the Henley Global Citizens Report for Q3 of 2022 (July-Sept¡¯22), published by Henley & Partners Group, a London-based residency advisory firm. The report defines millionaires as those with investable assets of a million dollars or more.
Dubai is currently ranked 23rd globally and is already home to 67,900 millionaires, 202 centi-millionaires (whose wealth is equal to or above 100 million), and 13 billionaires. The Indian city of Mumbai has 60,600 resident millionaires, 243 centi-millionaires, and 30 billionaires, and ranks 25th globally. The megacity is home to the Bombay Stock Exchange and the National Stock Exchange, both of which rank among the world¡¯s 10 largest stock exchanges by market cap, the report mentioned.
Whereas the Chinese city of Shenzhen is currently ranked 30th, and is home to 43,600 millionaires, including 135 centi-millionaires and 17 billionaires. The city is widely seen as the hi-tech capital of China and is home to the Shenzhen Stock Exchange, which is the seventh-largest stock market in the world by market cap.
While these three cities show the promise to be amongst the wealthiest cities in the near future, at present, the top 20 cities as per the report, which have the highest number of millionaires include the following rank wise:?
1.New York (345,600 millionaires)
2. Tokyo (304,900 millionaires)
3.San Francisco Bay area (276,400 millionaires)
4. London (272,400 millionaires)
5.Singapore (249,800 millionaires)
6. Los Angeles (192,400 millionaires)
7.Chicago (160,100 millionaires)
8. Houston (132,600 millionaires)
9. Beijing (131,500 millionaires)
10. Shanghai (130,100 millionaires)
11.Sydney (129,500 millionaires)
12.Hong Kong(125,100 millionaires)
13. Frankfurt (117,400 millionaires)
14. Toronto (116,100 millionaires)
15.Zurich (105,100 millionaires)
16. Seoul (102,100 millionaires)
17.Melbourne (97,300 millionaires)
18.Dallas & Fort Worth (92,300 millionaires)
19.Geneva (90,300 millionaires)
20. Paris (88,600 millionaires).
Overall, half of the top 10 cities with the most millionaires are in the United States.?
Also Read:?Singapore To Become Asia's?Millionaire?Capital By 2030
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