This may not seem like it to most of us, but London turned out to be one of the richest cities in the world. A new report from Henley and Partners has revealed the top 50 cities on the planet for millionaires, and the capital Old Blighty made the top five.

The World’s Richest Cities Report 2024 tracked global trends in wealth migration around the world to determine where the richest people lived. According to the study, London has 227,000 millionaires, 370 centimillionaires and 35 billionaires.

In the ranking, London was beaten by new Yorkthe Bay Area (San Francisco and Silicon Valley), Tokyo And Singapore. The Big Apple has become the richest city in the world, home to 349,500 millionaires and 60 billionaires.

In the United Kingdom, Manchester also made the list, ranking as the 50th richest city in the world with 23,200 millionaires and seven billionaires. You can find the complete ranking online here.

The 10 richest cities in the world in 2024, according to Henley and Partners

1. new York
2. The Bay Area
3. Tokyo
4. Singapore
5. London
6. Los Angeles
7. Paris
8. Sydney
9. Hong Kong
10. Beijing

Taking Time Out

Considering how expensive things are in London these days and our amazing London deals, food, drink, theater etc., it’s not that surprising that the mega-rich want to live here. However, the wealth gap has never been so huge. The British capital could be a playground for the extremely rich, with new skyscrapers And luxury apartment developments is increasing every day, but many people and businesses are struggling. For example, more than 3,000 clubs, pubs and bars have closed in London since the pandemicAnd restaurants are also feeling the pressure.

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