The 10 Cities With the Largest High-Net-Worth Populations

#Lifestyle Wealth


These cities are home to the largest populations of richest people in the world.

The global population of high-net-worth individuals increased last year by just under 2 percent, according to a recent report by Wealth-X, and it represents a population that’s spread across the world, albeit unevenly. HNW individuals, categorized as having a net worth between $1 million and $30 million, still prefer living in the U.S. over other countries. There are more than 8.6 million HNW individuals living in America, which is home to six of the top-10 HNW cities around the globe.

While these cities still have the largest number of HNW residents, seven of the 10 are losing their wealthiest citizens. Among the top 40 cities with the fastest-growing HNW populations, 32 were in China, and all of them were in Asia. China's largest city for UHNW and HNW is Shanghai, with 123,000 HNW individuals.

The City of Angels counted over half a million HNW individuals in 2018, slightly down from 2017. There were 576,255 of the wealthiest people in the world living in the city.

2017 HNW Population: 580,470

2018 HNW Population: 576,255

Percent Change: -0.7%

This semi-autonomous region of China saw the biggest decline in HNW individuals compared with the year prior. There were 391,595 HNW individuals living in the city in 2018, an 11 percent drop from the year prior. In 2017, the city overtook New York as the metropolitan area with the largest UHNW population, individuals with over $30 million in net worth.

2017 HNW Population: 440,360

2018 HNW Population: 391,595

Percent Change: -11.1%

Brexit concerns didn’t stop London from adding HNW individuals to its metro area. The city saw an increase of 2.7 percent more HNW individuals in 2018, with 372,270 of the wealthiest people in the world, helped by a relatively stable pound and the country's GDP growth.

2017 HNW Population: 362,485

2018 HNW Population: 372,270

Percent Change: 2.7%

The Windy City saw a drop in its HNW population in 2018, down to 353,775 individuals in 2018.

2017 HNW Population: 356,805

2018 HNW Population: 353,775

Percent Change: -0.8%

The West Coast tech scene produced 314,055 HNW individuals last year, down slightly from the year prior.

2017 HNW Population: 315,375

2018 HNW Population: 314,055

Percent Change: -0.4%

The U.S. capital and its metropolitan area saw a decline in HNW individuals from the year before, with 301,495 individuals in 2018.

2017 HNW Population: 305,330

2018 HNW Population: 301,495

Percent Change: -1.3%

With the addition of Fort Worth, there were 298,220 HNW individuals in the Dallas metropolitan area last year, up slightly from the year before.

2017 HNW Population: 297,935

2018 HNW Population: 298,220

Percent Change: 0.1%

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