The first richest city in the world and which concentrates the largest number of millionaires is New York, with a total of 345,600 rich. In terms of countries, the United States is the outstanding leader, bringing together five cities among the top 10 and a total of six among the 20 with the most millionaires. Some data extracted from the firm Henley Global Citizens and collected by The Economist.
The absence of Spanish cities in this list stands out, which is almost completely capitalized by the United States and Asia. In this sense, The North American country has seven of the 10 wealthiest people in the worldsuch as, in this order, Elon Musk, Jeff Bezos, Bill Gates, Warren Buffett, Larry Page, Sergey Brin and Larry Ellison.
The 20 cities with the most millionaires:
1. New York (USA)
2. Tokyo (Japan)
3. San Francisco Bay (USA)
4. London (UK)
5. Singapore (Singapore)
6. Los Angeles and Malibu (USA)
7. Chicago (USA)
8. Houston (USA)
9. Beijing (China)
10. Shanghai (China)
11. Sydney (Australia)
12. Hong Kong (Hong Kong Special Administrative Region of the People’s Republic of China)
13. Frankfurt (Germany)
14. Toronto (Canada)
15. Zurich (Switzerland)
16. Seoul (South Korea)
17. Melbourne (Australia)
18. Dallas (USA)
19. Geneva (Switzerland)
20. Paris (France)
The second city with the most millionaires is Tokyo, the Japanese capital with 304,900 millionaires and in third place the San Francisco Bay Area. They complete the ranking of the first 5 cities, London (272,400 millionaires) and Singapore (249,800 millionaires).
The data only includes residents and is taken until June 2022. In addition, according to the report, “of the 20 cities listed, 14 are in countries that host formal migration programs for investment and actively encourage foreign direct investment in exchange for residency or citizenship rights.
The number of millionaires globally will grow by 40% in the next five years
Looking ahead to the next five years, Credit Suisse estimates that the number of millionaires globally will grow by 40%, to exceed 87.5 million by 2026. Spain will register a growth of 25%, above Italy (18%) and the Netherlands (12%), similar to that of Germany (26%), but less than that of France ( 41%). The largest percentage increases in the number of millionaires over the next five years will be in Brazil (115%), India (105%) and China (97%).
The Credit Suisse report also reveals that the median wealth (which divides the population into two equal parts) of Spain stood at 104,160 dollars in 2021, 101,142 euros at the current exchange rate, a decrease of 640 dollars (639.8 euros) compared to last year.
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No Spanish city among the 20 richest in the world