London is officially one of the world’s wealthiest cities

For lots of people, the high cost of living in London means they are just about scraping by. But for others, ie folks with lots of dosh to spend, the capital is a playground of fancy restaurants, luxury flats and high-end shops. 

Now it’s been revealed that London is one of the richest cities in the world. That’s right, while many struggle to get by, the Big Smoke is also attracting many of the planet’s most well moneyed citizens.

The annual Henley & Partners World Wealth Report has just been released, and London is in the top 10. Every year the wealth migration analysts produce the ranking for the world’s 50 best cities for millionaires, analysing how many millionaires, centi-millionares and billionaires reside in each city. 

London came in sixth place in the ranking, being beaten by New York City, Tokyo, Singapore and the San Francisco Bay area. The number of millionares in England’s capital actually fell from 2024 to 2025 by 12 percent, dropping from 227,000 to 215,700. Still that’s a heck of a lot of millionaires. As of now, London town is home to 352 centi-millionaires and 33 billionaires. This is down from 370 and 35, respectively, in 2024. 

Compared to London, New York, which topped the global rich cities ranking, has almost double the wealth, with 384,500 millionaires, 818 centi-millionaires and 66 billionaires. 

Read more about Henley’s 2025 worldwide ranking here. 

The world’s 10 wealthiest cities in 2025

1. New York City
2. The Bay Area
3. Tokyo
4. Singapore
5. Los Angeles
6. London
7. Paris
8. Hong Kong
9. Sydney
10. Chicago

Two London luxury hotels are the best in the world in 2025, according to Forbes Travel Guide. 

Plus: London is the best city in Europe for live music in 2025.