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Top 5 cities home to wealthiest people

Despite the widespread belief that ultra-wealthy individuals are leaving big cities in search of privacy, most still prefer to live in bustling metropolises, according to the latest billionaire census conducted by Altrata. Let's explore which cities today have the largest concentration of people with a fortune exceeding $1 billion

Top 5 cities home to wealthiest people

1st place – New York

The largest city in the United States remains a magnet for the world’s wealthiest, offering a wide range of investment opportunities and a highly developed infrastructure. According to the latest figures, New York is home to 144 billionaires. The wealthiest resident of the Big Apple is Michael Bloomberg, the city’s former mayor and founder of Bloomberg News. His net worth is estimated at $106 billion.

Top 5 cities home to wealthiest people

2nd place – Hong Kong

Hong Kong is a leading financial hub in Southeast Asia, which explains its high concentration of billionaires – 107 in total. The city attracts wealthy individuals with its low tax rates and strategic location, making it a perfect base for business. The richest person in Hong Kong is Li Ka-Shing, founder and chairman of multinational conglomerate CK Hutchison Holdings, with a net worth of $30 billion.

Top 5 cities home to wealthiest people

3rd place – San Francisco

This major city on the west coast of the United States is a global financial and tech center. Its proximity to Silicon Valley, unique technology investment opportunities, and a thriving startup ecosystem make it a haven for the wealthy. San Francisco is home to 87 billionaires, with the richest being Dustin Moskovitz, co-founder of Facebook and Asana, a project management software company. His net worth stands at $23 billion.

Top 5 cities home to wealthiest people

4th place – London

The capital of the United Kingdom continues to attract affluent individuals due to its favorable tax climate, abundant business, and investment opportunities, as well as high quality of life and rich cultural atmosphere. London is home to 78 billionaires, with the wealthiest being Len Blavatnik, owner of Access Industries, an investment firm with interests in energy, technology, metals, and media. His fortune is estimated at approximately $40 billion.

Top 5 cities home to wealthiest people

5th place – Moscow

Despite numerous sanctions and geopolitical instability, many billionaires are in no hurry to leave Russia. Moscow remains a major hub for the wealthy and successful, maintaining its status as the country’s primary economic and business center. It is home to large corporations and key players in the energy and real estate sectors. The richest resident of Moscow is Vagit Alekperov, the former president of oil giant Lukoil, who has an estimated net worth of $26.5 billion.

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