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Kylie Kirschner
Updated
2024-01-14T16:11:46Z
- Wealth-X examined the global population of ultra-high net worth people to find where they live.
- There are 395,070 people globally with net worths of more than $30 million, Wealth-X calculates.
- A big part of that group lives in just 10 cities around the world, congregating in global capitals.
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There are around 400,000 people in the world who are classified as having ultra-high net worths — about 0.005% of the world's total population of 8 billion, according to a 2023 report from the analytics provider Wealth-X, which researches high net worth people.
The Wealth-X 2023 World Ultra Wealth report analyzes the global population of ultra-high net worth individuals — people with net worths of more than $30 million. In 2022, this group of 395,070 people held a collective wealth of over $45 trillion, according to the report.
Less than 1% of the ultra-high net worth group is comprised of billionaires, though billionaire net worths account for 24% of that $45 trillion total. And just 11% of this group is comprised of women.
15% of this group — 60,985 individuals — lives in just 10 cities around the world.
Half of the cities on the list of 10 are in the US; two are in Europe; and three are in Asia. While New York City is at the top of the list when counting the world's billionaire population, Hong Kong comes out on top when looking at ultra-high net worth population, the report says.
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Here are the 10 cities across the world where ultra-high net worth people congregate, according to the report.
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10. Washington, D.C.
Ultra-high net worth population in 2022: 3,465
Percentage lost or gained from 2021 to 2022: +0.1%
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9. Tokyo
Ultra-high net worth population in 2022: 3,710
Percentage lost or gained from 2021 to 2022: -27%
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8. Paris
Ultra-high net worth population in 2022: 3,995
Percentage lost or gained from 2021 to 2022: -18.1%
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7. Singapore
Ultra-high net worth population in 2022: 4,160
Percentage lost or gained from 2021 to 2022: +13.4%
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6. Chicago
Ultra-high net worth population in 2022: 4,235
Percentage lost or gained from 2021 to 2022: +3.8%
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5. San Francisco
Ultra-high net worth population in 2022: 4,385
Percentage lost or gained from 2021 to 2022: +0.5%
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4. Los Angeles
Ultra-high net worth population in 2022: 6,205
Percentage lost or gained from 2021 to 2022: +1%
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3. London
Ultra-high net worth population in 2022: 6,370
Percentage lost or gained from 2021 to 2022: -3.6%
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2. New York
Ultra-high net worth population in 2022: 11,845
Percentage lost or gained from 2021 to 2022:+2.3%
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1. Hong Kong
Ultra-high net worth population in 2022: 12,615
Percentage lost or gained from 2021 to 2022: -23%
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