In 2024, the world’s top 10 wealthiest cities have been identified by Henley & Partners and New World Wealth. These cities are highly attractive to the ultra-wealthy due to their big corporations, high-end real estate and thriving business environments.
New York City remains the world’s wealthiest city, with 11 other US cities also making it to the top 50 list. However, Tokyo has fallen to third place due to a decline in its high-net-worth individual population. Despite this setback, Singapore has seen significant growth and climbed to fourth place with an impressive increase in its millionaire population.
Dubai has emerged as the wealthiest city in the Middle East, ranking 21st in the top 50 list. London has experienced a decline in ranking, moving down to fifth place, while Los Angeles has risen to sixth place with substantial growth in its wealthy population.
India has also made progress, with Mumbai and Delhi breaking into the top 50 list at 24th and 37th place, respectively. This indicates a growing presence of wealthy individuals in the country. The top 10 wealthiest cities in the world in 2024 provide a glimpse into the global landscape of wealth and prosperity.
These cities offer more than just financial opportunities; they also provide an excellent quality of life for their residents. From world-class healthcare facilities and education systems to luxurious shopping centers and fine dining experiences, these cities have something for everyone.
The report highlights that there is a growing trend among ultra-wealthy individuals towards investing in emerging markets such as India and China. This trend is expected to continue well into the future as these countries become increasingly attractive destinations for wealth creation.
In conclusion, these top 10 wealthiest cities in 2024 are not just economic powerhouses but also cultural melting pots that offer an exciting blend of diverse cultures and lifestyles.
