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The World's Richest Cities
New York is the wealthiest city globally, with 359,500 millionaires and 60 billionaires. The Bay Area of California closely follows, with its millionaire population surging 82% over the past decade.
The U.S. dominates the world's wealthiest cities, home to 11 of the top 50. The surge in tech wealth, stock market gains, and deal-making have created record wealth, especially at the top.
Other key points:
- San Francisco and the Bay Area lead in billionaire population with 68.
- Tokyo, once the wealthiest city, has seen its millionaire population decline 5%.
- London has fallen to 5th place, with its millionaire population down 10% due to Brexit and other factors.
- China's Beijing has seen a 90% increase in millionaires, but its slowing economy has caused a 4% decline in the past year.
- Singapore has benefited from wealth flight from China, climbing to 4th place with 64% millionaire growth.
- Los Angeles has risen to 6th place, with a 45% jump in millionaires.
