Where Do the Richest People in the World Live?
Billionaires can be found in more than 800 cities across the globe—towns like Feldmeilen in Switzerland to places like Ezulwini, a small town in Eswatini (formerly called Swaziland) in southern Africa. Still, almost 25% of the world’s 3,028 billionaires live in just ten cities across six countries. Together, these billionaires have a combined wealth of $3.3 trillion, according to Forbes' latest report
The Cities With The Most Billionaires 2025 https://t.co/m14mHeAcva #ForbesBillionaires
— Forbes (@Forbes) April 7, 2025
New York City tops the list once again, with 123 billionaires calling it home. Together, they’re worth about $759 billion. NYC has led the list in all but one of the past twelve years—Beijing took the top spot in 2021. Most of New York’s billionaires made their money in finance and investing (68 of them), followed by real estate (13) and fashion or retail (12).
Moscow is second on the list, with 90 billionaires—an increase of 16 from the year before. Their total net worth is around $409 billion. This growth has pushed Moscow ahead of Hong Kong, which shared second place last year.
Hong Kong now ranks third, with 72 billionaires. It’s also one of three Chinese cities in the top ten.
London, which had been slipping down the list in recent years, saw a rebound. It added nine more billionaires, moving the British capital up to fourth place.
Mumbai dropped two spots and now sits at number six, with 67 billionaires worth $349 billion.
Also Read: List of Top Richest Celebrities in the World in 2025
Quick Insights
- New York holds the top spot for the 11th time in 12 years.
- Moscow saw the biggest increase in billionaire residents.
- London, San Francisco, and Singapore gained ground in 2025.
- Mumbai and Hong Kong dropped slightly.
Top 10 Cities by Number of Billionaires
| Rank | City | Number of Billionaires | Change From Last Year | Total Net Worth | Richest Resident | Wealth ($B) |
| 1 | New York City | 123 | +13 | $759B | Michael Bloomberg | $105B |
| 2 | Moscow | 90 | +16 | $409B | Vagit Alekperov | $28.7B |
| 3 | Hong Kong | 72 | -2 | $309B | Li Ka-shing | $38.9B |
| 4 | London | 71 | +9 | $355B | Len Blavatnik | $29.9B |
| 5 | Beijing | 68 | +5 | $273B | Lei Jun | $43.5B |
| 6 | Mumbai | 67 | -2 | $349B | Mukesh Ambani | $92.5B |
| 7 | Singapore | 60 | +8 | $259B | Zhang Yiming | $65.5B |
| 8 | San Francisco | 58 | +8 | $217B | Dustin Moskovitz | $17B |
| 8 | Shanghai | 58 | +4 | $198B | Colin Huang | $42.3B |
| 10 | Los Angeles | 56 | +3 | $243B | Peter Thiel | $16.3B |
City-by-City Breakdown
1. New York City
- Total billionaires: 123
- Total wealth: $759B
- Richest resident: Michael Bloomberg ($105B)
- Key industries: Finance, real estate, fashion
Notable newcomers:
- Jerry Seinfeld ($1.1B)
- Steve Ells – Chipotle founder ($1B)
- Marc Lore – Wonder founder ($2.8B)
2. Moscow
- Total billionaires: 90
- Total wealth: $409B
- Richest resident: Vagit Alekperov ($28.7B)
The biggest jump this year, with 16 new billionaires. Moscow overtook Hong Kong thanks to a surge in oil and industrial wealth.
3. Hong Kong
- Total billionaires: 72
- Total wealth: $309B
- Richest resident: Li Ka-shing ($38.9B)
Down 2 billionaires from last year. Despite that, Hong Kong welcomed newcomers like:
- Justin Sun – Crypto ($8.5B)
- Yang Qiumei – Inherited from AI mogul Tang Xiao'ou ($1.6B)
4. London
- Total billionaires: 71
- Total wealth: $355B
- Richest resident: Len Blavatnik ($29.9B)
Gained 9 billionaires this year, including:
- Peter Preben Wilhelmsen ($2.7B), heir to Royal Caribbean
5. Beijing
- Total billionaires: 68
- Total wealth: $273B
- Richest resident: Lei Jun – Xiaomi CEO ($43.5B)
Newcomers:
- Xu Gaoming – Laopu Gold ($8.2B)
- Chen Guodong – Investor ($1.2B)
- Yu Kai – Horizon Robotics CEO ($2B)
6. Mumbai
- Total billionaires: 67
- Total wealth: $349B
- Richest resident: Mukesh Ambani ($92.5B)
Lost 2 billionaires this year. However, 6 new names were added, including 4 from the Doshi family, who run Waaree Industries.
7. Singapore
- Total billionaires: 60
- Total wealth: $259B
- Richest resident: Zhang Yiming – ByteDance ($65.5B)
Jumped up 2 spots. One person (Zhang) makes up 25% of the city’s total wealth.
8. San Francisco (Tied)
- Total billionaires: 58
- Total wealth: $217B
- Richest resident: Dustin Moskovitz—Facebook co-founder ($17B)
7 out of 9 new billionaires are from Anthropic, a fast-growing AI startup.
8. Shanghai (Tied)
- Total billionaires: 58
- Total wealth: $198B
- Richest resident: Colin Huang – PDD Holdings ($42.3B)
5 newcomers include:
- Du Jinhao – Allist Pharmaceuticals ($1.9B)
- Zhu Weisong – Bloks Group ($1.7B)
10. Los Angeles
- Total billionaires: 56
- Total wealth: $243B
- Richest resident: Peter Thiel ($16.3B)
Includes celebrities like:
- Rihanna ($1.4B)
- LeBron James ($1.3B)
- Arnold Schwarzenegger ($1.1B)
- Kim Kardashian ($1.7B)
❓ Did You Know?
- Forbes couldn't confirm where 40 of the 3,028 billionaires live.
- The AI industry played a huge role in creating new billionaires this year.
Just 10 cities hold almost 25% of the world’s billionaires!
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