The top 10 wealthiest cities in the world in 2024 attract ultra-wealthy individuals due to the presence of big corporations and high-end real estate. According to a report by Henley & Partners and New World Wealth, New York City continues to hold the top spot as the wealthiest city globally, with several other US cities making it to the top 50 list. In contrast, Tokyo has slipped to third place from its previous number one position due to a decrease in its high-net-worth individual population.
Singapore has seen significant growth in its millionaire population, propelling it to fourth place and solidifying its position as a leading Asian financial hub. Dubai has emerged as the wealthiest city in the Middle East, ranking 21st in the top 50 list. Meanwhile, traditional financial centers like London have dropped to fifth place, while Los Angeles has seen a rise to sixth place with a noticeable increase in its wealthy population.
India has also made remarkable progress, with Mumbai and Delhi breaking into the top 50 list at 24th and 37th place, respectively. This suggests a growing presence of wealthy individuals in the country. The list of the top 10 wealthiest cities in the world in 2024 showcases the shifting landscape of global wealth and economic power.