New York Tops Global Billionaire Rankings as Wealth Concentrates in Key Cities

Nearly one-third of the world's billionaires reside in just 15 cities, with New York City leading the list, according to the 2024 Billionaire Census.

The global billionaire population grew by 4% in 2023, reaching a record 3,323 individuals with a combined wealth of $12.1 trillion, up 9% from the previous year.
New York City remains the top city for billionaires, adding nine more in 2023 for a total of 144 residents, more than any other city worldwide.
Hong Kong ranks second with 107 billionaires, despite a net loss of five due to economic challenges and policy changes in China.
India experienced the fastest growth in billionaire numbers, rising nearly 16%, with Mumbai alone hosting 40 billionaires.
Chinese cities, including Beijing and Shenzhen, saw declines in their billionaire populations attributed to economic struggles and regulatory crackdowns.