The latest list of the world's wealthiest cities with the most number of millionaires was released yesterday by London-based investment migration consultancyHenley & Partners.
As per the World¡¯s Wealthiest Cities Report 2023, New York City is the world¡¯s top city with the most millionaires in 2023. The top 10 wealthiest cities include?New York City,?USA;?Tokyo,?Japan;?The Bay Area,?USA;?London,?UK:?Singapore;?Los Angeles,?USA:?Hong Kong?(SAR China);?Beijing,?China;?Shanghai,?China and?Sydney,?Australia.
Besides these cities, the list also includes five Indian cities with more than 1.25 lakh millionaires.
As per the report, all figures are for December 31, 2022, and 'high networth individuals¡¯ or ¡®HNWIs¡¯ refer to individuals with investable wealth of USD 1 million or more. and Includes only HNWIs living in each city (residents).?7 out of the World¡¯s Top 10 cities listed are in countries that host formal?investment migration?programs and actively encourage foreign direct investment in return for?residence?or?citizenship?rights.
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