With the crash in global markets and more uncertainty ahead, we'd understand if you're not in the mood to hear about the richy-rich right now. But if you happen to be sitting on a huge pile of cash and wondering where to invest it, it pays to know where other wealthy folks are going – because it's usually to places with the infrastructure and opportunities to help them become even wealthier.
For that, there's British investment migration consultancy Henley & Partners' list of the wealthiest cities in the world. It worked with New World Wealth to track over 150,000 high-net-worth individuals, looking at where the super-rich are applying for investment migration programmes and the cities they are actually relocating to.
This year, Tokyo and Singapore emerge as the wealthiest cities in Asia, holding on to their third and fourth global placements from 2024. Tokyo has a whopping 292,300 millionaires, 262 centi-millionaires, and 18 billionaires, boosted by a strong recovery of the Nikkei 225 over the past two years. Singapore saw a 62 percent growth in its millionaire population and now has 242,400 millionaires based in the city.
Hong Kong is officially the third-wealthiest city in Asia, rising one spot on the global list. Its millionaire population grew by 3 percent, bringing the number of super-rich up to 154,900 millionaires, 346 centi-millionaires, and 40 billionaires.
The super-wealthy reading this might want to set their sights on China. It dominates the rest of Asia's top ten list, with Beijing at No. 4, Shanghai at No. 6, Shenzhen at No.9 and Hangzhou at No. 10. While Beijing and Shanghai dropped a couple of spots from their 2024 placements, Shenzhen is shaping up to be a powerhouse. Henley & Partners identified this "Silicon Valley of China" as the fastest-growing wealth hub, boasting an eye-watering 142 percent millionaire growth rate between 2014 and 2024.
The wealthiest cities in Asia in 2025:
- Tokyo, Japan (#3)
- Singapore (#4)
- Hong Kong (#8)
- Beijing (#12)
- Osaka-Kyoto-Kobe (#13)
- Shanghai (#14)
- Seoul (#24)
- Mumbai (#27)
- Shenzhen (#28)
- Hangzhou (#35)
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