As of 2025, the ultra-wealthy, all 3,000+ of them, worth a collective $16.1 trillion, have huddled in ever-concentrated corners of the globe. Nearly 25% of these billionaires have chosen just ten cities as their playgrounds of choice. Here’s the latest peek into where fortunes thrive.
New York City, USA - Number of Billionaires: 123. Combined Net Worth: $759 billion
The Big Apple has bitten back. After briefly losing its crown in 2021 to Beijing, NYC is firmly back on top for the fourth year in a row. With everything from Wall Street wizards to real estate moguls, the city is bursting at its bejewelled seams.
Moscow, Russia - Number of Billionaires: 90. Combined Net Worth: $409 billion
Despite sanctions, global scrutiny, and more than a few tense headlines, Russia’s capital has slid into second place. With its nouveau riche flair, sprawling estates, and private jets that rarely stay parked, Moscow proves you don’t need palm trees to live large.
Hong Kong - Number of Billionaires: 72. Combined Net Worth: $309 billion
The financial heart of Asia may have slipped a rank, but it remains a magnet for high-stakes tycoons. From property kings to digital disruptors, Hong Kong still wears its billionaire badge with tailored pride.
London, UK - Number of Billionaires: 71. Combined Net Worth: $355 billion
Call it a post-Brexit bounce or just good old-fashioned British persistence, but London is back in the billionaire big leagues. With historic Mayfair homes, discreet banking, and world-class art auctions, it’s a haven for discreet decadence.
Beijing, China - Number of Billionaires: 68. Combined Net Worth: $273 billion
Beijing is the city where fortunes rise as fast as its skyline. Home to tech behemoths and IPO dreamers, it's the beating heart of China's ultra-wealthy elite. Lei Jun of Xiaomi fame is the city’s new torchbearer, with a net worth rivalling the GDP of small nations.
Mumbai, India - Number of Billionaires: 67. Combined Net Worth: $349 billion
India’s financial nucleus has become one of the world’s billionaire magnets. With Antilia (Ambani’s 27-storey residence) looming like a monument to wealth, Mumbai continues to punch far above its weight. This year, it even welcomed new billionaires from the Doshi family, thanks to Waaree Industries' blockbuster IPO.
Singapore - Number of Billionaires: 60. Combined Net Worth: $259 billion
Clean, green, and swimming in cash. Singapore isn’t just a city—it’s a financial fortress. With its tax-friendly policies and swanky waterfront districts, it continues to lure the rich with all the subtlety of a five-star welcome drink.
San Francisco, USA - Number of Billionaires: 58. Combined Net Worth: $217 billion
Home of Silicon Valley dreams and stock-option riches, San Francisco is still churning out billionaires like a well-oiled startup. While it shares its spot with Shanghai this year, the Bay Area’s golden gates are as glittering as ever.
Shanghai, China - Number of Billionaires: 58. Combined Net Worth: $198 billion
This city isn’t just skyscrapers and dumplings. Shanghai is a playground for the ultra-rich, with booming tech, luxury retail, and a real estate market so hot it makes lava look lukewarm.
Los Angeles, USA - Number of Billionaires: 56. Combined Net Worth: $243 billion
The city of angels, influencers, and endless Instagram filters. LA’s billionaire crowd is a cocktail of old-money moguls, new-tech founders, and Hollywood legends.
These ten cities aren’t just financial hubs; they’re status symbols. They house not only billionaires but also the ecosystems—legal, financial, social—that help them stay that way. Whether it's the glitz of Mumbai, the tech might of San Francisco, or the old-world charm of London, each city reflects a distinct flavour of wealth.
