These are the 10 wealthiest cities in the world — and five are in the U.S.

New York City is location to the astir high-net-worth individuals successful the world, according to a caller report by concern migration consultancy Henley & Partners.

Around 345,600 alleged centi-millionaires (wealth of $100 cardinal oregon more) and 59 billionaires reside successful the Big Apple, the study said, with the fiscal halfway of the U.S. recognized arsenic the wealthiest metropolis successful the satellite by respective measures.

The study finds that astir 4% of New York's 8.38 cardinal citizens ain investable assets – property, currency oregon stocks – worthy implicit $1 million. The fig drops importantly to 15,470 erstwhile assessing those who person much than $10 cardinal successful assets.

The full backstage wealthiness held by New York residents was recovered to transcend $3 trillion. Remarkably, that's much than the full backstage wealthiness held successful astir large G-20 countries.

Japan's superior Tokyo ranked 2nd with 304,900 high-net-worth individuals. Compared to New York, a overmuch smaller proportionality of them person assets worthy implicit $10 million. The study recovered that 7,350 radical successful Tokyo are multi-millionaires, 263 person supra $100 cardinal and 12 are billionaires.

The San Francisco Bay Area – which includes Silicon Valley – rounds retired the apical 3 wealthiest cities, with 276,400 high-net-worth individuals, 12,890 of whom are multi-millionaires. The study said 623 person assets worthy astatine slightest $100 cardinal and 62 billionaires unrecorded successful the city.

Los Angeles, Chicago and Houston are the different U.S. cities successful the apical 10, ranking 6^th, 7^th, and 8^th, respectively.

Houston besides has 1 of the fastest increasing millionaire populations – high-net-worth individuals that person accrued by 6% truthful acold this year, according to the report. Austin, Miami, West Palm Beach and Greenwich are different U.S. cities that person seen a large year-to-date summation successful high-net-worth individuals.

The study links this to large American companies moving their office to these cities. Since the onset of the coronavirus pandemic and the displacement to flexible working, companies necessitate little bureau abstraction and galore employees moved to smaller cities to amended their prime of beingness and little their outgo of living.

This inclination is particularly communal successful the tech sector, with Oracle and Tesla moving from California to Austin, and Hewlett-Packard Enterprise relocating to Houston earlier this year.

Additionally, these cities person go premier status destinations, Andrew Amoils, caput of probe astatine wealthiness quality steadfast New World Wealth, who collaborated connected the study with Henley & Partners, told CNBC.

"Florida is an progressively fashionable destination for retired high-net-worth individuals, particularly those from the USA's East Coast cities," helium said.

The apical 5 cities with the fastest increasing millionaire populations are not successful the U.S., however.

Riyadh successful Saudi Arabia, Sharjah and Dubai successful the United Arab Emirates, Lusaka successful Zambia, and Luanda successful Angola are successful the lead. In the archetypal fractional of 2022, they saw an summation of up to 20% successful presumption of their high-net-worth population.

The study links this to booming lipid and state industries, which person flourished arsenic vigor prices person soared and boosted banal markets successful these areas.

The high-net-worth colonisation is not exploding everyplace – galore large cities fell successful the ranking oregon saw a important simplification of ultra-wealthy radical surviving there.

Out of the apical 10 cities with the largest fig of high-net-worth individuals, 7 saw a decline. Only the San Francisco Bay Area, Singapore and Houston saw growth.

New York, for example, has already seen a 12% driblet successful high-net-worth individuals successful 2022, portion Los Angeles saw a 6% diminution and Chicago's proportionality of ultra-wealthy citizens fell by 4%.

Typically, high-net-worth individuals wrong the U.S. "are related to uncovering amended concern opportunities successful different city/state. Also, information concerns and taxation are large drivers," Amoils said.

Another origin to see is that wide wealthiness has declined successful 2022, Amoils said successful a paper released alongside the report.

"Worldwide high-net-worth idiosyncratic numbers were down by 5% successful the six-month play to June 2022. This driblet was chiefly owed to the mediocre show of large banal marketplace indices," helium said.

This means that the drops successful high-net-worth populations are not solely related to radical moving to antithetic cities – determination are besides simply less radical who autumn into this category.

Various large cities successful Europe and Asia besides saw drops successful high-net-worth populations. The U.K.'s London, for example, recorded a 9% drop, causing the metropolis to autumn to 4th successful the wide ranking.

France's superior Paris fell by 3 places to 20^th, meanwhile, arsenic the metropolis mislaid 12% of its high-net-worth individuals.

These are the 10 wealthiest cities successful the satellite – and however galore high-net-worth individuals unrecorded successful each of them – according to Henley & Partners' report.

1.       New York, U.S. (345,600)

2.       Tokyo, Japan (304,900)

3.       San Francisco Bay Area, U.S. (276,400)

4.       London, United Kingdom (272,400)

5.       Singapore, Singapore (249,800)

6.       Los Angeles, U.S. (192,400)

7.       Chicago, U.S. (160,100)

8.       Houston, U.S. (132,600)

9.       Beijing, China (131,500)

10.   Shanghai, China (130,100)