- New York remains the world capital of billionaires with 146 ten- or eleven-figure residents, ahead of Shenzhen and Shanghai.
- China impresses: its cities alone account for 34% of billionaires in the global top 32.
- Historic shift: 58% of major wealth capitals are now in Asia, out of the 1,813 billionaires recorded.
- In Europe, London (102) and Paris (44) hold their ground against the Asian surge.
Where do the world’s wealthiest individuals live? The question fascinates, and the answer outlines a new map of global economic power. According to the latest Hurun Global Rich List 2026 ranking, a shift is confirmed: while New York retains its crown, Asia, led by China, is establishing itself as the true epicentre of billionaires. Here is the ranking of the cities home to the most ten-figure fortunes.
Global Ranking 2026
The cities with the most billionaires
Number of billionaires by city · Hurun Global Rich List 2026
Source: Hurun Global Rich List 2026 (data as at 15 January 2026). The ranking excludes 2,207 billionaires residing outside major cities.
New York, global capital of billionaires
With 146 billionaires, the Big Apple retains a comfortable lead. Wall Street, tech, prime real estate and the luxury industry continue to attract and generate the largest fortunes there. From Central Park South to the penthouses of Tribeca, New York remains the ultimate address for world ultra-wealth. San Francisco (86) and Los Angeles (40) complete an American presence boosted by Silicon Valley and entertainment.
China, superpower of fortunes
This is the key takeaway from this ranking. Shenzhen (132), Shanghai (120) and Beijing (107) form a trio hot on the heels of New York, while Hangzhou, Guangzhou, Suzhou and Ningbo feature further down the table. Chinese cities alone account for 34% of the billionaires in the top 32. Over two decades, China has built an unprecedented ecosystem of technological and industrial fortunes, reshaping the global geography of capital.
Europe resists with London and Paris
Faced with the Asian surge, the Old Continent holds two strongholds. London (102) remains the top European city, driven by finance and its status as a haven for international wealth. Paris (44), 14th globally, holds its own thanks to luxury: fashion and beauty empires have spawned some of the planet’s most spectacular fortunes there. Milan (28) and Stockholm (29) round off the European presence.
Mumbai, Dubai, Singapore: the new eldorados
The ranking also highlights the rise of new hubs. Mumbai (95) establishes itself as the Indian capital of wealth, emblematic of an India producing billionaires at a record pace, alongside New Delhi (64) and Bengaluru (30). Singapore (59) confirms its role as a magnet for high-net-worth individuals in South-East Asia, whilst Dubai (24) attracts a new generation of the ultra-wealthy drawn by its tax framework and lifestyle. All of these are cities where the luxury market is booming.
What this ranking really reveals
Beyond the rankings, a fundamental trend is emerging: the global centre of gravity for wealth is shifting East. With 58% of major wealth capitals located in Asia, this shift is no longer a projection but a reality. For luxury maisons, prestige hospitality and prime real estate, the map to follow is clear: where billionaires gather, the future of the luxury market unfolds.
