Singapore is officially the world’s 4th wealthiest city in 2025, with a total of 242,400 millionaires

In a time of 9 percent GST and impending economic adversity due to recent trade tariffs, most of us regular Singaporean folk are probably re-looking our budgets for this year. Even so, a new report by Henley & Partners and New World Health reveals that Singapore is still one of the richest cities in the world – though most of us arguably aren’t exactly getting a share of that dough.

Singapore scores fourth in a ranking of 50 wealthiest cities worldwide, coming just under New York City (#1) and the San Francisco Bay Area (#2) in the United States of America, followed by Tokyo, Japan (#3). This doesn’t exactly come as a surprise because all these cities are known to be highly expensive places to live in, and thus naturally attract those with the financial means to afford the high cost of living there. Other usual suspects like Los Angeles (#5), London (#6), and Paris (#7) take the next few top spots after Singapore.

The list is based on the total number of millionaires in each city, and Singapore has a whopping 242,400 of them – that’s an insane 62 percent increase over the past 10 years. In comparison, the other two Asian cities in the top 10 – namely Tokyo and Hong Kong (#8 globally) – have only seen a rise of 3 to 4 percent for their total number of millionaires over the span of a decade.

To add on to that, Singapore is also home to 333 centi-millionaires and 30 billionaires.

It’s worth noting that the study takes into account residents living in each city, so this includes a mix of both born and bred citizens as well as permanent residents. The exact breakdown isn’t known, but Singapore is a playground for the rich from all over the world, so it’s entirely possible that a good number of the ultra-wealthy living on our soil are not actually Singaporeans.

Feeling broke yet? Don’t worry, us too. To save some bucks in the current economic sitch, make sure you take note of all the vouchers to claim as part of this year’s Singapore Budget – including CDC vouchers – and the many SG60 deals for local attractions. Having a fun day out doesn’t have to come at a price tag with our lists of free date ideas and hiking trails, and for good food that won’t burn a hole in your wallet, look to our go-to collection of 30 affordable restaurants for cheap eats. 

Richest cities in the world 2025:

1. New York City, USA
2. San Francisco Bay Area, USA
3. Tokyo, Japan
4. Singapore
5. Los Angeles, USA
6. London, UK
7. Paris, France
8. Hong Kong
9. Sydney, Australia
10. Chicago, USA
11. Milan, Italy
12. Beijing, China
13. Osaka–Kyoto–Kobe, Japan
14. Shanghai, China
15. Toronto, Canada
16. Melbourne, Australia
17. Houston, USA
18. Dubai, UAE
19. Frankfurt, Germany
20. Zurich, Switzerland

Wealthiest cities in Asia 2025:

1. Tokyo, Japan
2. Singapore
3. Hong Kong
4. Beijing, China
5. Osaka–Kyoto–Kobe, Japan
6. Shanghai, China
7. Seoul, South Korea
8. Mumbai, India
9. Shenzhen, China
10. Hangzhou, China

Check out Henley & Partners’ full list of world’s wealthiest cities in 2025 and see how Singapore compares to its neighbours in the region based on various parameters.

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