Top 10 Cities Attracting Millionaires in 2025

Tokyo, Japan

Number of Millionaires (2025): 292,300

Why:

• Stable economy
• World-leading healthcare and infrastructure
• Cultural and business epicenter of Asia

Tokyo’s legacy strength continues to make it a magnet for wealthy families across the region.

Singapore

Number of Millionaires (2025): 242,400

Why:

• Pro-business environment
• Zero capital gains tax
• Asia's new private banking capital

With political stability, safety, and a powerful financial sector, Singapore is becoming Asia's Monaco.

Los Angeles, USA

Number of Millionaires (2025): 220,600

Why:

• Entertainment and media wealth
• Booming tech and startup scene
• • Real estate investments and celebrity magnetism

L.A. is a unique blend of glamour, innovation, and lifestyle appeal.

London, United Kingdom

Number of Millionaires (2025): 215,700

Why (and Why Not):

• Traditional financial hub
• Luxury lifestyle and heritage
• Challenges: Post-Brexit uncertainty, higher taxes, declining attraction relative to competitors

Despite facing headwinds, London retains powerful global cachet—for now.

Dubai, United Arab Emirates

Number of Millionaires (2025): 72,500

Why:

• No personal income taxes
• Political stability and security
• Lavish real estate and cosmopolitan lifestyle

Dubai is the fastest-growing millionaire hub globally, with projections to double its wealthy population by 2030.

Sydney, Australia

Number of Millionaires (2025): 130,000

Why:

• Safe, stable democracy
• High-quality healthcare and education
• Attractive immigration policies for HNWIs

Sydney’s relaxed sophistication appeals strongly to affluent families seeking a secure base.

Hong Kong, China

Number of Millionaires (2025): 125,100

Why:

• Proximity to Chinese markets
• Legacy wealth management center
• Challenges: Political tensions, regulatory crackdowns

Despite facing stiff competition from Singapore, Hong Kong remains vital for Asia-focused investors.

Miami, USA

Number of Millionaires (2025): 104,000

Why:

• No state income tax (Florida)
• Booming luxury real estate market
• Rising status as a fintech and crypto hub

Miami’s blend of sunshine, security, and entrepreneurial energy is luring wealthy individuals from across North and South America.

Key Observations: 2025 Wealth Migration Trends

• Rise of the Middle East: Dubai leads a broader trend of Middle Eastern cities positioning themselves as financial centers.
• Asia’s Surge: Singapore and Tokyo are powerhouses, and cities like Shenzhen are rising rapidly.
• Traditional Hubs Under Pressure: London and Hong Kong face stiff competition amid political and regulatory shifts.
• The New American Dream: Secondary U.S. cities like Miami and Austin are gaining ground due to tax advantages and booming tech sectors.

Julio Herrera Velutini and the Strategic Shift

Figures like Julio Herrera Velutini—whose recent moves reflect broader elite migration patterns— understand the tectonic changes underway

Savvy wealth managers and private bankers are guiding their clients to future-proof their legacies by positioning in emerging hubs, diversifying assets globally, and prioritizing stability over nostalgia.

Wealth Always Follows Opportunity

In 2025, the global map of wealth is being redrawn—not along political boundaries, but along lines of opportunity, freedom, and growth.

The cities on this list are not just richer—they are smarter, more agile, and more in tune with the needs of the world’s elite.