Singapore remains world’s 4th wealthiest city

The city-state is also home to 333 centi-millionaires and 30 billionaires, according to the World Wealthiest Cities Report 2025 by investment migration consultant Henley & Partners and global wealth intelligence firm New World Wealth.

The annual report, which ranks cities based on the number of high-net-worth residents, said Singapore’s millionaire population grew by 62% from 2014 to 2024.

In the Asia region, it trails only Japan’s Tokyo, which ranked third globally with 292,300 millionaires, 262 centi-millionaires and 18 billionaires.

This year’s top five remained largely unchanged. New York City retained its position as the world’s wealthiest city with 384,500 high-net-worth individuals in 2024, a 45% increase over the past decade.

The Bay Area, which includes San Francisco and Silicon Valley, held second place with 305,700 millionaires, nearly doubling (98%) its 2014 figure.

Los Angeles completed the top five with 220,600 millionaires. The fifth spot was previously held by London, which is now in the sixth position with 215,700 high-net-worth residents.