The Cities With The Most Billionaires 2025

The world’s 3,028 billionaires are spread across more than 800 cities around the globe, from Feldmeilen, Switzerland to Ezulwini, a small town in the western part of Eswatini–better known by its former name, Swaziland, in southern Africa.

Yet nearly a quarter of them, worth a combined $3.3 trillion, have chosen to make their primary residence in one of just ten cities in six countries, according to Forbes’ latest World’s Billionaires list.

The Big Apple is home to the most billionaires yet again, with 123 of them–worth a combined $759 billion. New York City has ranked as the top city for billionaires for all but one of the past 12 years. (Beijing was No. 1 in 2021.) Of the billionaire New Yorkers, 68 are finance and investment magnates, 13 are real estate moguls and 12 are in fashion and retail.

Moscow comes in second place, with 90 billionaires–16 more than a year ago. The growth in billionaire residents pushed Moscow ahead of Hong Kong, which tied for the No. 2 city last year. Moscow’s billionaires are worth $409 billion.

Hong Kong, one of three Chinese cities in the top ten, is No. 3, with 72 billionaires. After dropping one spot each year since 2022, the number of London billionaires is growing again. The city saw a net gain of nine billionaires over the past year, buoying the British capital’s rank to No. 4. Mumbai, meanwhile, dropped from No. 4 last year to No. 6, with 67 billionaires worth $349 billion–down two people from last year.

Source: Forbes