Nearly a fifth of the world’s richest people live in just 10 cities worldwide, according to recent data from wealth intelligence platform Altrata.
The city with the most ultra-wealthy people — those with a net worth above $30 million — by a large margin: New York. It’s home to 21,380 such residents, up 23% from 2024, according to the report, which contains data through June and was published on September 30. The report didn’t specify whether that increase comes from ultra-wealthy people moving to New York, extant residents joining the ranks of the ultra-wealthy or both.
New York is one of the world’s biggest financial hubs, meaning it may be close to work for many of the ultra-wealthy. Banking and finance is the most popular industry to work in for affluent people across all generations, according to the report.
Hong Kong, the city in the No. 2 spot, also has a growing population of ultra-wealthy people: approximately 17,215, up nearly 23% in the first six months of 2025, the report found. Like New York, Hong Kong has a booming finance industry. IPO valuations on the Hong Kong Stock Exchange jumped roughly eight times in the first half of 2025, up to $14 billion, according to a July CNBC report of data from financial markets platform Dealogic.
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Beyond other global financial hubs Tokyo and London, the rest of Altrata’s list exclusively features cities in the United States. That’s not particularly surprising: The U.S. is home to more than three times as many ultra-rich people as the next-closest country, China, said the report.
The ultra-wealthy hold an outsized proportion of wealth compared to their some of their peers: People with a net worth of more than $30 million make up 1% of the global millionaire population, but hold nearly a third of their overall combined wealth, Altrata found.
The population of ultra-wealthy is growing, too, the report said. At the time of its publishing, an estimated 510,810 people in the world had a net worth of more than $30 million. That number could rise to nearly 677,000 by 2030, Altrata projected.
Here are the report’s top 10 cities with the highest populations of ultra-wealthy people:
1. New York
Number of ultra-wealthy people: 21,380
Percentage increase from previous 12 months: 23.4%
2. Hong Kong
Number of ultra-wealthy people: 17,215
Percentage increase from previous 12 months: 11.5%
3. Los Angeles
Number of ultra-wealthy people: 11,680
Percent increase from previous 12 months: 24%
4. San Francisco
Number of ultra-wealthy people: 8,270
Percent increase from previous 12 months: 24.9%
5. Chicago
Number of ultra-wealthy people: 7,530
Percent increase from previous 12 months: 21.7%
6. Tokyo
Number of ultra-wealthy people: 6,940
Percent increase from previous 12 months: 8.4%
7. London
Number of ultra-wealthy people: 6,660
Percent increase from previous 12 months: 9.7%
8. Dallas
Number of ultra-wealthy people: 6,530
Percent increase from previous 12 months: 23%
9. Washington, D.C.
Number of ultra-wealthy people: 6,460
Percent increase from previous 12 months: 23.6%
10. Houston
Number of ultra-wealthy people: 5,900
Percent increase from previous 12 months: 22.0%
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