Which city in the world has the most billionaires? See chart

Some cities seem to attract the rich. Take New York City for example, which has 340,000 high-net-worth residents with investable assets of more than $1 million.

But there’s a vast difference between being a millionaire and a billionaire. So where do the richest of them all live?

Using data from the Hurun Global Rich List 2024, we rank the top 20 cities with the highest number of billionaires in 2024.

A caveat to these rich lists: sources often vary on figures and exact rankings. For example, in last year’s reports, Forbes had New York as the city with the most billionaires, while the Hurun Global Rich List placed Beijing at the top spot.

Ranked: Top 20 Cities with the Most Billionaires in 2024

The Chinese economy’s doldrums over the course of the past year have affected its ultra-wealthy residents in key cities.

Beijing, the city with the most billionaires in 2023, has not only ceded its spot to New York, but has dropped to #4, overtaken by London and Mumbai.

[th][b]Rank[/b][/th]
[th][b]City[/b][/th]
[th][b]Billionaires[/b][/th]
[th][b]Rank Change YoY[/b][/th]

1	New York	119	+1
2	London	97	+3
3	Mumbai	92	+4
4	Beijing	91	-3
5	Shanghai	87	-2
6	Shenzhen	84	-2
7	Hong Kong	65	-1
8	Moscow	59	No Change
9	New Delhi	57	+6
10	San Francisco	52	No Change
11	Bangkok	49	+2
12	Taipei	45	+2
13	Paris	44	-2
14	Hangzhou	43	-5
15	Singapore	42	New to Top 20
16	Guangzhou	39	-4
17T	Jakarta	37	+1
17T	Sao Paulo	37	No Change
19T	Los Angeles	31	No Change
19T	Seoul	31	-3

In fact all Chinese cities on the top 20 list have lost billionaires between 2023-24. Consequently, they’ve all lost ranking spots as well, with Hangzhou seeing the biggest slide (-5) in the top 20.

Where China lost, all other Asian cities-except Seoul-in the top 20 have gained ranks. Indian cities lead the way, with New Delhi (+6) and Mumbai (+3) having climbed the most.

At a country level, China and the U.S combine to make up half of the cities in the top 20. They are also home to about half of the world’s 3,200 billionaire population.

In other news of note: Hurun officially counts Taylor Swift as a billionaire, estimating her net worth at $1.2 billion.