Top 10 Cities by Billionaire Population 2025

According to the latest Forbes analysis, the world’s 3,028 billionaires are distributed across more than 800 cities globally. Nearly 25% of all billionaires live in just ten metropolitan centers. This article examines the statistical distribution, demographic patterns, and economic implications of billionaire clustering in urban centers as of 2025.

Global Billionaire Distribution: Statistical Highlights

• Total global billionaire population: 3,028 individuals (record high).
• Combined global billionaire wealth: $16.1 trillion (up $2 trillion from 2024).
• Geographical spread: More than 800 cities worldwide.
• Concentration ratio: 25% of billionaires reside in just 10 cities.
• Leading countries by billionaire count: USA (902), China (516 including Hong Kong), India (205).
• The combined wealth of the top 10 cities is approximately $3.3 trillion.
• Average wealth per billionaire: $5.3 billion (up $200 million from 2024).

Cities with the Most Billionaires 2025

1. New York City, USA

• Total billionaires: 123 (an increase of 13 from 2024)
• Combined net worth: $759 billion
• Sectoral distribution:
  • Finance and investment: 68 billionaires
  • Real estate: 13 billionaires
  • Fashion and retail: 12 billionaires
• Richest resident: Michael Bloomberg ($105 billion)
• Historical context: Has ranked #1 for 11 of the past 12 years
• Notable newcomer: Jerry Seinfeld ($1.1 billion)

2. Moscow, Russia

• Total billionaires: 90 (increase of 16 from 2024)
• Combined net worth: $409 billion
• Year-over-year change: Largest numerical increase among top cities
• Ranking change: Moved up one position, overtaking Hong Kong
• Richest resident: Vagit Alekperov ($28.7 billion)
• Growth rate: 21.6% increase in billionaire population since 2024.

3. Hong Kong, China

• Total billionaires: 74 (increase of 2 from 2024)
• Combined net worth: $309 billion
• Ranking change: Dropped from tied-2nd position in 2024
• Richest resident: Li Ka-shing ($38.9 billion)
• Noteworthy trend: Relatively stable billionaire population despite regional economic challenges.

4. London, UK

• Total billionaires: 71 (an increase of 9 from 2024)
• Combined net worth: $355 billion
• Trend reversal: Growing after four consecutive years of decline
• Richest resident: Len Blavatnik ($29.9 billion)
• Growth rate: 14.5% increase in billionaire population since 2024

5. Beijing, China

• Total billionaires: 68 (an increase of 5 from 2024)
• Combined net worth: $273 billion
• Historical note: Briefly held #1 position in 2021
• Richest resident: Lei Jun ($43.5 billion)
• Sectoral concentration: Technology and manufacturing are dominant

6. Mumbai, India

• Total billionaires: 67 (a decrease of 2 from 2024)
• Combined net worth: $349 billion
• Ranking change: Dropped from 4th in 2024
• Richest resident: Mukesh Ambani ($92.5 billion)
• Wealth concentration: High concentration of wealth among fewer individuals.
• Centi-millionaires: 205 individuals with $100+ million

7. Singapore

• Total billionaires: 60 (an increase of 8 from 2024)
• Combined net worth: $259 billion
• Growth rate: 15.4% increase in billionaire population since 2024
• Richest resident: Zhang Yiming ($65.5 billion)
• Total millionaire population: 242,400 (ranks 4th globally for millionaires)
• New billionaire entrants: 10 new billionaires since 2024

8. San Francisco, USA

• Total billionaires: 58 (an increase of 8 from 2024)
• Combined net worth: $217 billion
• Sectoral distribution: Predominance of technology entrepreneurs
• Richest resident: Dustin Moskovitz ($17 billion)
• Growth driver: Technology sector performance and startup valuations.
• Millionaire growth rate: 98% over the past decade (2014-2024)

9. Shanghai, China

• Total billionaires: 58 (increase of 4 from 2024)
• Combined net worth: $198 billion
• Richest resident: Colin Huang ($42.3 billion)
• Economic sectors: E-commerce, manufacturing, and financial services.
• Growth trajectory: Consistent upward trend in the billionaire population.

10. Los Angeles, USA

• Total billionaires: 56 (increase of 3 from 2024)
• Combined net worth: $243 billion
• Richest resident: Peter Thiel ($16.3 billion)
• Industry makeup: Entertainment, technology, and real estate
• Millionaire population: 220,600 (ranks 5th globally for millionaires)

Comparative Analysis: Year-over-Year Trends

• Fastest growing cities (by absolute number of new billionaires):
  • Moscow: +16 billionaires
  • New York: +13 billionaires
  • London: +9 billionaires
  • San Francisco: +8 billionaires
  • Singapore: +8 billionaires
• Cities with declining billionaire populations:
  • Mumbai: -2 billionaires
• Wealth concentration changes:
  • New York: 16.1% of top-10 cities’ collective billionaire wealth.
  • Moscow: 12.4% increase in share of top-10 cities’ collective wealth.
  • Mumbai: Higher wealth concentration despite fewer billionaires

Economic Sector Distribution Among Top Cities

• Finance and investment dominance:
  • New York: 55.3% of billionaires from the finance sector.
  • Hong Kong: Strong representation in real estate and finance.
  • Singapore: Growing fintech presence.
• Technology sector concentration:
  • San Francisco: Primary driver of billionaire wealth.
  • Beijing: Strong technology and manufacturing representation.
  • Singapore: Rising technology sector (e.g., Sea Limited founders).
• Industrial diversification:
  • Moscow: Energy, metals, and industrial sectors.
  • Mumbai: Energy, pharmaceuticals, and manufacturing.
  • London: Finance, real estate, and diversified investments.

Global Context and Wealth Distribution Patterns

• Continental distribution of top 10 billionaire cities:
  • North America: 3 cities (New York, San Francisco, Los Angeles).
  • Asia: 5 cities (Hong Kong, Beijing, Mumbai, Singapore, Shanghai).
  • Europe: 2 cities (Moscow, London).
• Wealth concentration by continent in top 10 cities:
  • North America: $1.22 trillion (37% of top 10 cities’ wealth).
  • Asia: $1.39 trillion (42% of top 10 cities’ wealth).
  • Europe: $764 billion (21% of top 10 cities’ wealth).
• Millionaire population correlations:
  • New York: 384,500 millionaires (highest globally).
  • San Francisco/Bay Area: 342,400 millionaires (2nd highest).
  • Tokyo: 292,300 millionaires (3rd highest, but not in the top 10 for billionaires).
  • Singapore: 242,400 millionaires (4th highest).
• Fastest growing millionaire cities (2014-2024):
  • Shenzhen: 142% growth in the millionaire population.
  • Hangzhou: 108% growth in millionaire population.
  • Dubai: 102% growth in millionaire population.
  • San Francisco: 98% growth in millionaire population.

Statistical Insights and Patterns

• Billionaire-to-millionaire ratios (number of millionaires per billionaire):
  • New York: 3,126 millionaires per billionaire.
  • San Francisco: 5,903 millionaires per billionaire.
  • Singapore: 4,040 millionaires per billionaire.
  • Mumbai: 764 millionaires per billionaire.
• Wealth disparity metrics:
  • Mumbai shows the highest concentration, with Mukesh Ambani representing 26.5% of the city’s total billionaire wealth.
  • New York shows a more distributed wealth pattern, with top billionaires representing 13.8% of the city’s billionaire wealth.
  • Moscow exhibits mid-range concentration, with top billionaires holding 7% of the city’s billionaire wealth.
• Per capita billionaire metrics (population-adjusted):
  • Singapore: Highest billionaire-per-capita ratio among top 10 cities
  • San Francisco: Second highest billionaire-per-capita ratio
  • New York: Third highest billionaire-per-capita ratio

Conclusion: Key Statistical Takeaways

• Concentration trend: 25% of global billionaires are statistically concentrated in just 10 cities. This underscores the continued importance of major financial, technological and industrial hubs.
• Growth indicators: Seven of the top 10 cities showed net billionaire growth, suggesting economic resilience in these wealth centers despite global economic uncertainties.
• Sectoral patterns: Finance remains the dominant wealth generator in traditional centers like New York. In contrast, technology drives wealth creation in San Francisco and increasingly in Asian hubs.
• Geographic dynamics: Asian cities show strong representation in the top 10, accounting for 50% of the entries and 42% of the collective wealth.
• Future projections: Based on millionaire growth rates, cities like Shenzhen, Hangzhou, and Dubai may challenge the top 10 in the coming years.

The distribution of billionaires in global cities illustrates broader economic trends, including industry concentration and financial market performance.

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