According to the latest report by Henley & Partners and New World Wealth, New York City remains the wealthiest city globally in 2024. Several other US cities have also made it to the top 50 list, showcasing the country’s financial power. However, Tokyo has slipped from its previous number one position to third place due to a decrease in its high-net-worth individual population.
Singapore has experienced significant growth in its millionaire population and has risen to fourth place on the list. This further solidifies 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. 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, highlighting India’s economic power on a global scale. The list of the top 10 wealthiest cities in the world in 2024 showcases how global wealth and economic power are constantly shifting, and how different countries are adapting to these changes.
