Skip to content
Search AI Powered

Latest Stories

New York world's richest city with highest number of millionaires, study finds

Coming in at a close second was Tokyo, while the San Francisco Bay Area landed in third place

New York world's richest city with highest number of millionaires, study finds

New York has been crowned as the world’s most prosperous city in the world, with 58 billionaires and 340,000 millionaires, followed by Tokyo and the San Francisco Bay Area.

Bangalore, known as the IT capital of India, was recognised as one of the fastest-growing cities for the super-wealthy, thanks to its booming tech sector in a recent study by global wealth tracker Henley & Partners.


Cities in the US and China dominated the list of the top 10 wealthiest cities globally, with London being the only European city to make the cut in 2023.

There are approximately 15 million high-net-worth individuals - those with an investable wealth of $1 million or more - in the world, the survey found.

Tokyo had 14 billionaires and 290,000 millionaires, while the San Francisco Bay Area landed in third place with 63 billionaires and 285,000 millionaires.

Both the number of millionaires and billionaires in cities were considered for the report, as well as the growth rate of high-net-worth individuals from 2012 to 2022.

Among the top 10 cities, three were in the US, including New York City, the Bay Area, and Los Angeles, while three were in China.

London came in fourth with 36 billionaires and 258,000 millionaires.

Singapore was in fifth place with 27 billionaires and 240,100 millionaires, while Los Angeles followed with 42 billionaires and 205,400 millionaires.

China dominated the seventh, eighth, and ninth spots on the global list with Hong Kong's 129,500 millionaires and 32 billionaires, Beijing's 128,200 millionaires and 43 billionaires, and Shanghai's 127,200 millionaires and 40 billionaires.

Sydney took the tenth spot with 126,900 millionaires and 15 billionaires.

Several Indian cities also made it onto the list of fastest-growing millionaire populations, with Mumbai ranking 21st with 59,400 millionaires. Other cities included Delhi with 30,200 millionaires, Bengaluru with 12,600 millionaires, Kolkata with 12,100 millionaires, and Hyderabad with 11,100 millionaires.

Additionally, the report listed the rapidly developing cities for the super-wealthy, such as Scottsdale, Austin, West Palm Beach, and Greenwich & Darien in the United States, Monaco, Warsaw, and Dublin in Europe, Dubai, Marrakech, and Kigali in Middle East and Africa, and Shenzhen, Hangzhou, and Ho Chi Minh City in the Asia Pacific.

More For You

Bird-flu-Getty

A regional avian influenza prevention zone has also been enforced across eastern England, including areas in Lincolnshire and Suffolk. (Representational image: Getty Images)

Several bird flu cases reported across England, prompting restrictions

PREVENTATIVE measures have been enforced at bird farms along England’s eastern coast following the detection of multiple bird flu cases.

The outbreak has prompted new restrictions starting Monday, aimed at curbing the spread of the virus.

Keep ReadingShow less
Dan-Jarvis

Jarvis, in a letter to the Sikh Federation dated 10 December, reaffirmed the UK’s commitment to protecting its citizens. (Photo: X/@DanJarvisMBE)

Minister warns against harassment of British Sikhs by foreign powers

SECURITY minister Dan Jarvis has said that the UK will not tolerate attempts by foreign powers to harass or intimidate its citizens.

His statement follows reports from British Sikhs alleging harassment by or on behalf of the Indian government, according to The Guardian.

Keep ReadingShow less
up-police

The militants were killed in a gunfight in Pilibhit district, located in the northern state of Uttar Pradesh. (Photo: X/@Uppolice)

Indian police kill three Sikh separatist militants

INDIAN police announced on Monday that they had killed three Sikh militants associated with the struggle for a separate homeland known as "Khalistan." The movement has a history of deadly violence in the 1980s and 1990s.

The push for Khalistan was at the centre of international tensions last year after allegations linked Indian intelligence operatives to the killing of a prominent Sikh leader in Canada and an attempted assassination in the United States. New Delhi dismissed these claims.

Keep ReadingShow less
Historic Dandi march garland up for bidding

Nanduben Kanuga presents the tinsel garland to Mahatma Gandhi in 1930

Historic Dandi march garland up for bidding

A TINSEL garland worn by Mahatma Gandhi during the Dandi March of 1930 remains open for bids after failing to meet its £20,000-£30,000 guide price at a UK auction.

The garland, with folded paper wrappers inscribed in Gujarati, is believed to have been presented as the Salt March passed near the Ahmedabad home of Gandhi’s personal physician, Dr Balvantrai N Kanuga. It was offered by his wife, Nanduben Kanuga.

Keep ReadingShow less
Crocodile Burt

Captured in the 1980s, Burt starred in Crocodile Dundee alongside Paul Hogan, helping to showcase Australia’s wildlife to the world. (Photo credit: Paramount)

Iconic crocodile Burt, star of Crocodile Dundee, dies

THE CROCODILE Burt, who gained fame for his role in the 1986 hit film Crocodile Dundee, has died peacefully, according to Crocosaurus Cove, where he had been living since 2008.

Burt was estimated to be over 90 years old, far exceeding the average life expectancy of a saltwater crocodile, which is around 70 years.

Keep ReadingShow less