Individuals worth over $30 million make up just 1 percent of the global millionaire population but hold nearly a third of total millionaire wealth, the Altrata report estimated.
Seven of the world’s top 10 cities with the highest number of ultra-wealthy residents are in the United States, according to a new report by wealth intelligence platform Altrata. The report tracks individuals with a net worth above $30 million and includes data through June 2025, CNBC Make It reported.
New York tops the global list with 21,380 ultra-wealthy residents — a 23.4 percent increase from last year. Los Angeles ranks third with 11,680, followed by San Francisco (8,270), Chicago (7,530), Dallas (6,530), Washington, D.C. (6,460), and Houston (5,900). All seven US cities saw double-digit growth in their ultra-rich populations over the past year.
Here’s the full list:
1. New York
2. Hong Kong
3. Los Angeles
4. San Francisco
5. Chicago
6. Tokyo
7. London
8. Dallas
9. Washington, DC
10. Houston
Finance drives wealth concentration
New York’s position reflects its role as a global financial hub. Banking and finance remain the most common industries among the ultra-wealthy across generations, the report said. Similar trends are seen in other US cities, many of which host major financial and tech firms.
Hong Kong, Tokyo, and London complete the list
Outside the US, Hong Kong ranks second with 17,215 ultra-wealthy residents, followed by Tokyo (6,940) and London (6,660). Hong Kong’s rise is linked to a surge in IPO activity, with valuations on its stock exchange jumping eightfold in early 2025, according to CNBC.
Ultra-wealthy hold disproportionate wealth
Altrata estimates that individuals worth over $30 million make up just 1 percent of the global millionaire population but hold nearly a third of total millionaire wealth. The global ultra-rich population stands at 5 lakh and is projected to reach 6.7 lakh by 2030, according to CNBC Make It.
