There are some cities around the world where billionaires are concentrated in large numbers. Knowing where they are based also helps you understand changes in finance, technology, luxury, and high-end real estate markets. New York leads the list, with more than 120 billionaires, driven by the unstoppable engine of Wall Street and a financial and business ecosystem that is unmatched. But right behind it are other strategic hubs such as Beijing, London, Singapore, and San Francisco.
These are the cities with the most billionaires in the world — and it’s not just about money; it’s also a reflection of global trends in technology, luxury, and real estate investment.
Where do the world’s billionaires live?
New York
Moscow
Hong Kong
London
Beijing
Mumbai
Singapore
Shanghai
San Francisco
Los Angeles
Lisbon: where does it stand on the map of the wealthy?
Where do the world’s billionaires live?
According to a 2025 Forbes study, there are around 3,028 billionaires spread across more than 800 cities on every continent. From small ultra-exclusive retreats in Europe to African cities, it can no longer be said that billionaires are concentrated only in major global metropolises.
Even so, nearly a quarter of all the world’s billionaires have chosen to establish their main residence in just ten cities, spread across only six countries. These urban centers together concentrate a fortune of around 3.3 trillion dollars, according to the latest data compiled by Forbes.
New York
New York continues to be, by far, the city with the most billionaires in the world, confirming its status as the global capital of finance and business. The metropolis is home to more than 120 billionaires, and the number continues to grow compared to previous years.
Alongside major names in international finance, there are also figures from the entertainment world, founders of food industry giants, and key players in the digital economy. At the top of the wealth pyramid remains a symbolic figure: Michael Bloomberg, former mayor and financial data magnate.
Moscow
The number of billionaires in Moscow has also been increasing. The Russian capital now has around 90 billionaires, most of whose fortunes are linked to the raw materials sectors — especially oil and gas — but also metallurgy, chemicals, and energy-related services.
The richest resident of Moscow is oil magnate Vagit Alekperov, who continues to dominate the top of the city’s wealth rankings.
Hong Kong
On the opposite side of the globe lies Hong Kong. Today, the city has just over 70 billionaires, with a total wealth slightly below that of last year.
Despite this, Hong Kong’s role remains central: it acts as a financial bridge between mainland China and international markets. The city’s billionaires clearly reflect its economy, with a strong presence of new players in technology and cryptocurrencies.
London
London has climbed again in the ranking of cities with the most billionaires in the world, positioning itself among the top globally. The British capital is home to just over 70 billionaires, with several recent additions showing how the city continues to be a powerful magnet for large international fortunes.
The richest billionaire living in London is Len Blavatnik, a businessman and investor with strong interests in the music sector, notably through his stake in Warner Music.
Beijing
Beijing remains firmly at the top of the list of cities with the most billionaires in the world. The Chinese capital is home to nearly 70 billionaires, a number that has been growing compared to last year.
Among the wealthiest residents is Lei Jun, co-founder and CEO of the smartphone giant Xiaomi, whose fortune has become a symbol of China’s technological rise.
Mumbai
Mumbai (formerly known as Bombay) continues to be India’s economic capital and one of the world’s major wealth hubs. The city has dozens of billionaires and, despite a slight decline, the total value of their fortunes remains extremely high and continues to grow in the medium term, driven by the dynamism of the Indian domestic market and exports.
Singapore
The city-state has risen several positions and now has around 60 billionaires, with total wealth far exceeding 250 billion dollars, showing strong growth compared to last year. A significant portion of this wealth is concentrated in a single individual: Zhang Yiming, co-founder of ByteDance, the company behind TikTok.
Shanghai
Shanghai remains one of Asia’s most important financial and commercial capitals, which is reflected in the high number of wealthy individuals in the city.
Currently, Shanghai has around 58 billionaires, a number that has increased compared to last year. The city’s economy is strongly linked to advanced industry, e-commerce, logistics, and financial services associated with local stock exchanges.
San Francisco
San Francisco lies at the heart of Silicon Valley and is one of the most emblematic examples of how technology and artificial intelligence (AI) can reshape the geography of global wealth.
With around 58 billionaires and total wealth exceeding 200 billion dollars, the city firmly remains in the global top 10 for large fortunes.
Los Angeles
The city and its county host more than 50 billionaires, with total wealth exceeding 200 billion dollars. Here, wealth doesn’t come only from Hollywood: fashion, cosmetics, social media, professional sports, technology, and luxury investments also play a major role, spreading across iconic neighborhoods and exclusive areas such as Santa Monica and Hidden Hills.
Among the resident billionaires, you’ll find international stars like Rihanna, athletes such as LeBron James, and iconic figures from cinema and business, like Arnold Schwarzenegger.
Lisbon: where does it stand on the map of the wealthy?
Lisbon has just entered the list of the world’s top 50 cities with the most millionaires, according to a report by the British consultancy Henley & Partners. The Portuguese capital replaces Auckland, Australia, which dropped out of this edition of the ranking.
According to Jornal de Negócios, in 2024 Lisbon had more than 22,000 millionaires, including 45 individuals with over 100 million dollars available for investment and four individuals with fortunes exceeding one billion dollars. This growth places the city firmly on the global wealth map.
Over the past ten years, the number of millionaires in Lisbon has increased by around 40% between 2014 and 2024, positioning the Portuguese capital among the 30 cities in the world with the highest growth in high-net-worth residents.
Homes for sale in Lisbon
Homes for rent in Lisbon
Holiday homes in Lisbon