Forbes’ 2025 list highlights the global cities where billionaires prefer to live, ranked by their total number and combined wealth. The list reveals ongoing shifts in financial power across regions, with notable gains and drops among the top cities.
New York City: Still the Billionaire Capital
New York City continues to lead the world in billionaire residents, with 123 individuals holding a combined net worth of $759 billion. This marks the fourth consecutive year the city has claimed the top spot. The latest addition to its list is comedian Jerry Seinfeld. Michael Bloomberg remains the city’s wealthiest individual, with a fortune of $105 billion. Most of the city’s billionaires are involved in finance, real estate, and retail, reflecting the strength and diversity of its economy.
Moscow: Rapid Climb to Second Place
Moscow has climbed to second place globally, now hosting 90 billionaires—16 more than last year. The city’s ultra-wealthy now have a combined wealth of $409 billion. Oil tycoon Vagit Alekperov leads the pack with $28.7 billion, derived from his stake in Lukoil, Russia’s largest oil company. Moscow’s rise pushes it ahead of Hong Kong, which previously tied for second place.
Hong Kong: Slight Decline, Still a Major Hub
Hong Kong is now in third place with 72 billionaires whose combined fortune is $309 billion. The city lost two billionaires this year but remains a major financial center in Asia. Li Ka-shing, one of Asia’s most prominent business magnates, continues to be the richest individual in Hong Kong.
London: Wealth Returns to the UK Capital
London has seen a resurgence in its billionaire population, gaining nine new residents over the past year. The city now ranks fourth globally with 71 billionaires. Among the newcomers is Peter Preben Wilhelmsen, heir to Royal Caribbean Cruises, worth $2.7 billion. This increase marks a return of financial confidence in the UK capital.
Beijing: Holding Steady in Fifth Place
Beijing maintains its fifth-place position with 68 billionaires. This includes the addition of five new individuals, such as Xu Gaoming and Chen Guodong of Laopu Gold, and Horizon Robotics CEO Yu Kai. Xiaomi cofounder Lei Jun is Beijing’s wealthiest resident, with a net worth of $43.5 billion.
Mumbai: A Slight Drop in Ranking
Mumbai has dropped to sixth place, losing two billionaires over the past year. The city now has 67 billionaires with a combined net worth of $349 billion. Mukesh Ambani remains Asia’s richest man with a fortune of $92.5 billion. The city also welcomed four members of the Doshi family as new billionaires, following the public listing of Waaree Industries.
Singapore: Major Leap in Wealth
Singapore has made significant gains, now ranked seventh globally with 60 billionaires and a combined wealth of $259 billion. The city’s top billionaire is Zhang Yiming, cofounder of ByteDance, whose $65.5 billion fortune makes him the richest Chinese individual. Singapore moved up two spots in the rankings, showing its growing appeal as a wealth destination.
Shanghai and San Francisco: Tied for Eighth
Shanghai and San Francisco are tied in eighth place, each hosting 58 billionaires. Shanghai’s wealthiest individual remains Colin Huang of PDD Holdings, worth $42.3 billion. Meanwhile, San Francisco’s billionaire list has grown with the addition of eight new names, including seven cofounders of AI startup Anthropic. Other newcomers include Alexandr Wang and Vasily Shikin.
Los Angeles: The Celebrity Billionaire Hub
Los Angeles rounds out the top ten with 56 billionaires and a total wealth of $243 billion. Many of its billionaires are well-known celebrities such as Rihanna, LeBron James, Arnold Schwarzenegger, and Kim Kardashian. The figure includes residents of nearby luxury enclaves like Santa Monica and Hidden Hills, emphasizing the region’s mix of entertainment and wealth.
