In 2025, the world's richest people are more and more concentrated in a handful of select cities, with New York City taking the lead. These cities not only show the growing power of technology and finance but also indicate the major role of AI and informatics in generating new wealth. According to Forbes reports, almost 25% of the world's 3,028 billionaires reside in just 10 cities, and these billionaires together possess an astonishing $3.3 trillion in assets.
Cities with richest billionaires 2025
Wealthiest cities in the world
New York City
New York City is still the world's foremost concentration of billionaires, with 123 billionaires and a collective net worth of an astonishing $759 billion. The city has dominated the top position for almost all of the last twelve years, with 2021 being the only exception where Beijing took the lead for a brief period. Most of New York's billionaires made their money in finance, investing, real estate, and fashion. With 68 billionaires in finance alone, NYC's financial sector dominance is unparalleled.
Some notable new additions to NYC are:
Moscow
Moscow has witnessed the most profound expansion in residents who are billionaires, growing by 16 billionaires to a total of 90. This expansion takes Moscow to surpass Hong Kong and firmly take second position. Moscow's increase in total wealth stands at $409 billion and is mainly brought about by the explosion in the oil and manufacturing sectors, catapulting the fortunes of its inhabitants.
The wealthiest citizen, Vagit Alekperov, has a net worth of $28.7 billion, and the top newcomers are:
Hong Kong
In spite of a small decline in the number of billionaires (down by 2), Hong Kong remains a major player with 72 billionaires and a total wealth of $309 billion. Hong Kong continues to draw tech billionaires and finance oligarchs, ranking among the wealth generation cities. The economic foundation of the city has diversified with the entry of new personalities from the cryptocurrency and artificial intelligence markets, even as the overall number of billionaires declined.
Key residents:
London
London, following a few years of decline, has recovered in 2025, adding 9 billionaires to its tally, taking the city's total to 71. With a net worth of $355 billion combined, London has cemented its place as one of the richest cities. The increase is due to an expansion in the investment and tech industries. The wealthiest resident, Len Blavatnik, has a net worth of $29.9 billion.
Beijing
Beijing ranks fifth in 2025 with 68 billionaires and a total wealth of $273 billion. The city is boosted by the fortunes of tech behemoths such as Lei Jun, Xiaomi CEO, whose estimated wealth is $43.5 billion. Even though the general growth is slower, Beijing still generates billionaires due to the real estate and tech sectors.
Notable new entries:
Mumbai
Mumbai fell two places to sixth position, with 67 billionaires whose net worth is $349 billion. Even as it fell, the city remains an economic force to be reckoned with. The city's technology, energy, and property industries contribute to the billionaires' wealth. Mukesh Ambani is still the richest resident, worth $92.5 billion.
Singapore
Singapore made a big leap, advancing 2 positions with 60 billionaires and $259 billion in total wealth. Singapore's billionaire wealth is dominated by the tech industry, which is headed by ByteDance's Zhang Yiming ($65.5B). Zhang alone is responsible for 25% of the city's overall billionaire wealth.
San Francisco and Shanghai
San Francisco and Shanghai tie for the eighth position, both having 58 billionaires. San Francisco has also received a swarm of AI-tech billionaires, with notable ones including Anthropic, the rapidly rising startup, whereas Shanghai remains going strong on tech innovation and e-commerce.
Combined wealth in San Francisco is $217 billion and that of Shanghai is $198 billion. Both cities' top inhabitants by net worth are as follows:
Los Angeles
Los Angeles completes the top 10 with 56 billionaires and a net worth of $243 billion. The billionaires in the city cross industries such as entertainment, technology, and real estate. High-profile inhabitants such as Peter Thiel and celebrities such as Rihanna and LeBron James add to the wealth of the city.
Prominent inhabitants:
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Cities with richest billionaires 2025
Wealthiest cities in the world
New York City
New York City is still the world's foremost concentration of billionaires, with 123 billionaires and a collective net worth of an astonishing $759 billion. The city has dominated the top position for almost all of the last twelve years, with 2021 being the only exception where Beijing took the lead for a brief period. Most of New York's billionaires made their money in finance, investing, real estate, and fashion. With 68 billionaires in finance alone, NYC's financial sector dominance is unparalleled.
Some notable new additions to NYC are:
- Jerry Seinfeld ($1.1B)
- Steve Ells (Chipotle founder) ($1B)
- Marc Lore (Wonder founder) ($2.8B)
Moscow
Moscow has witnessed the most profound expansion in residents who are billionaires, growing by 16 billionaires to a total of 90. This expansion takes Moscow to surpass Hong Kong and firmly take second position. Moscow's increase in total wealth stands at $409 billion and is mainly brought about by the explosion in the oil and manufacturing sectors, catapulting the fortunes of its inhabitants.
The wealthiest citizen, Vagit Alekperov, has a net worth of $28.7 billion, and the top newcomers are:
- Justin Sun (Crypto) ($8.5B)
- Yang Qiumei (Inheritance from AI tycoon Tang Xiao'ou) ($1.6B)
Hong Kong
In spite of a small decline in the number of billionaires (down by 2), Hong Kong remains a major player with 72 billionaires and a total wealth of $309 billion. Hong Kong continues to draw tech billionaires and finance oligarchs, ranking among the wealth generation cities. The economic foundation of the city has diversified with the entry of new personalities from the cryptocurrency and artificial intelligence markets, even as the overall number of billionaires declined.
Key residents:
- Li Ka-shing ($38.9B)
- New entrants such as Justin Sun ($8.5B) and Yang Qiumei ($1.6B)
London
London, following a few years of decline, has recovered in 2025, adding 9 billionaires to its tally, taking the city's total to 71. With a net worth of $355 billion combined, London has cemented its place as one of the richest cities. The increase is due to an expansion in the investment and tech industries. The wealthiest resident, Len Blavatnik, has a net worth of $29.9 billion.
- New additions are Peter Preben Wilhelmsen ($2.7B), Royal Caribbean heir
Beijing
Beijing ranks fifth in 2025 with 68 billionaires and a total wealth of $273 billion. The city is boosted by the fortunes of tech behemoths such as Lei Jun, Xiaomi CEO, whose estimated wealth is $43.5 billion. Even though the general growth is slower, Beijing still generates billionaires due to the real estate and tech sectors.
Notable new entries:
- Xu Gaoming (Laopu Gold) ($8.2B)
- Chen Guodong (Investor) ($1.2B)
Mumbai
Mumbai fell two places to sixth position, with 67 billionaires whose net worth is $349 billion. Even as it fell, the city remains an economic force to be reckoned with. The city's technology, energy, and property industries contribute to the billionaires' wealth. Mukesh Ambani is still the richest resident, worth $92.5 billion.
- New additions are: The Doshi family (Waaree Industries)
Singapore
Singapore made a big leap, advancing 2 positions with 60 billionaires and $259 billion in total wealth. Singapore's billionaire wealth is dominated by the tech industry, which is headed by ByteDance's Zhang Yiming ($65.5B). Zhang alone is responsible for 25% of the city's overall billionaire wealth.
San Francisco and Shanghai
San Francisco and Shanghai tie for the eighth position, both having 58 billionaires. San Francisco has also received a swarm of AI-tech billionaires, with notable ones including Anthropic, the rapidly rising startup, whereas Shanghai remains going strong on tech innovation and e-commerce.
Combined wealth in San Francisco is $217 billion and that of Shanghai is $198 billion. Both cities' top inhabitants by net worth are as follows:
- Dustin Moskovitz, San Francisco ($17B)
- Colin Huang, Shanghai ($42.3B)
Los Angeles
Los Angeles completes the top 10 with 56 billionaires and a net worth of $243 billion. The billionaires in the city cross industries such as entertainment, technology, and real estate. High-profile inhabitants such as Peter Thiel and celebrities such as Rihanna and LeBron James add to the wealth of the city.
Prominent inhabitants:
- Peter Thiel ($16.3B)
- Celebrities: Rihanna ($1.4B), LeBron James ($1.3B), Arnold Schwarzenegger ($1.1B), Kim Kardashian ($1.7B)
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