Spanning bustling financial hubs and luxurious suburbs, some cities have become magnets for the super-rich, counting the likes of Mark Zuckerberg, Larry Page, and Michael Bloomberg among their long-term residents.
Drawing on data from investment consultancy firm Henley & Partners, we've highlighted the cities with some of the highest concentrations of billionaires and the exclusive districts they call home. Read on to discover where the financial elite are choosing to live, work, and play.
All dollar amounts are in US dollars unless otherwise specified.
Frankfurt, Germany’s financial powerhouse, is a global banking centre that's a favourite among the world's wealthiest, thanks to its robust economy. Home to the European Central Bank and a thriving stock exchange, the city’s central business district offers unparalleled access to international markets and investment opportunities.
At the latest count, 13 billionaires reside in the city, along with 132 centi-millionaires and 80,300 millionaires. Unsurprisingly, given its key industries, many of Frankfurt's high-net-worth individuals (HNWIs) work in finance, investment, banking, and tech.
The city's richest flock to its most exclusive neighbourhoods. These include the affluent Westend residential quarter in the heart of Frankfurt, which comprises two districts: Westend-Nord and Westend-Süd. There, financial executives and their families often opt for high-end apartments and penthouses similar to the ones pictured.
The average Frankfurt property price in 2025 is around €506 ($589/£438) per square foot, or €5,448 ($6.3k/£4.7k) per square metre. In Westend, however, that figure almost doubles to €1,031 ($1.2k/£892) per square foot, the equivalent of €11,100 ($12.9k/£9.6k) per square metre.
A hub for private banking, diplomacy, and multinational corporations, Geneva has long been a haven for the global super-rich. Its political stability is a particular draw, bolstered by the city's excellent infrastructure, strong healthcare services, and top-tier education system.
Geneva's high-net-worth population includes 70,200 millionaires, 25 centi-millionaires, and 14 billionaires. Among their ranks are Swiss billionaire businessman Ernesto Bertarelli, who elevated his family's pharmaceutical company into a biotech giant, and Gianluigi and Rafaela Aponte, founders of the world's largest container shipping line, the Mediterranean Shipping Company.
North of the centre on the left bank of Lake Geneva, Cologny is among the city's most prestigious suburbs. The historic enclave is nicknamed the Beverly Hills of Geneva thanks to the sprawling estates that line its elevated, leafy streets. Coupled with Michelin-star restaurants, private schools, and exclusive sports clubs, it's easy to see why the area is a hit with the uber-wealthy.
As affluent today as it was centuries ago, past residents include the British poet Lord Byron, tennis star Henri Leconte, and the heirs of the Chanel and Peugeot fortunes.
Median house prices in Cologny stand at CHF 5.5 million ($6.9m/£5.1m), a significant hike from the typical real estate costs in the wider Geneva area, which are around CHF 3.2 million ($4m/£3m).
One of North America's leading financial centres, Toronto counts 20 billionaires, 184 centi-millionaires, and 108,400 millionaires among its residents.
Wealthy Torontonians are attracted to the city for its stellar banking opportunities and strong economy, reinforced by Toronto's tech boom, which has seen companies including Meta, Microsoft, LinkedIn, and IBM open offices in the city. The Canadian hub also has a thriving startup scene which is enticing the next generation of billionaires to lay down roots.
Toronto's billionaires include publishing heir Sherry Brydson, Canada's richest woman, who has a net worth of around $19 billion (£14bn), and property development mogul Peter Gilgan, who's worth $6.5 billion (£4.8bn).
As of June 2025, the average home price in Toronto was just over CA$1.1 million ($803k/£596k), with detached houses achieving almost CA$1.5 million ($1.1m/£812k). But as in most cities, the market fluctuates wildly between areas.
Established in the 1940s, the Bridle Path neighbourhood has historically been the home of Toronto's upper echelons. Sprawling gated mansions make up the suburb, where zoning laws require that single-family homes be built on a minimum of two acres (0.8ha). In July 2025, homes there were selling for an average of CA$3.3 million ($2.4m/£1.8m), making the market accessible to only the wealthiest.
Residents past and present include newspaper tycoon Conrad Black, media mogul Moses Znaimer, and superstars Celine Dion and Prince.
Occupying a strategic location in the Asia-Pacific region, Sydney is Australia's business capital and a gateway to numerous markets across the continent. The city offers a high quality of life that combines waterfront living and high-end amenities with proximity to key business sectors, including finance, tech, and life sciences.
Thanks in part to its thriving entrepreneurial culture, the city has 22 billionaires, 224 centi-millionaires, and 152,900 millionaires – in fact, its millionaire population has grown by 28% since 2014.
Among Sydney's richest residents are property developer Harry Triguboff, billionaire businessman James Packer, and Scott Farquhar and Mike Cannon-Brookes, the duo behind software company Atlassian.
Sydney's wealthiest typically live in a handful of elite neighbourhoods. One of the most coveted is Point Piper, a waterfront suburb to the east of the centre. Past residents include Frank Lowy, the co-founder of global shopping centre company Westfield, and Aussie Home Loans founder John Symond, whose vast mansion, Wingadal, made headlines in 2024 when it was listed for AU$200 million ($131m/£97m).
While not all real estate in the upscale enclave reaches such lofty sums, the median home value in Point Piper is still an elevated AU$17.2 million ($11.2m/£8.3m). That's far higher than Sydney's overall median house price of just under AU$1.7 million ($1.1m/£822k), as of March 2025.
Paris, a global epicentre of culture and commerce, offers a lifestyle that appeals to the world's most affluent. Key industries such as fashion, finance, technology, and aerospace drive the city’s economy, while numerous multinationals, including luxury goods conglomerate LVMH, are headquartered in the French capital.
While the cost of living in this historic city is high, its cosmopolitan vibe and lucrative business opportunities continue to attract the ultra-wealthy, with 160,100 millionaires, 277 centi-millionaires, and 22 billionaires calling Paris home.
The charming sixth arrondissement is popular among high-net-worth buyers, commanding some of the highest real estate prices in the city. The typical cost of an apartment here is €1,486 ($1.7k/£1.3k) per square foot, or €16,000 ($18.7k/£13.9k) per square metre, while luxury homes will set you back around €2,323 ($2.7k/£2k) per square foot, the equivalent of €25,000 ($29.3k/£22k) per square metre.
LVMH CEO Bernard Arnault, who has a fortune of $143 billion (£107bn), is among the French capital's wealthiest residents, along with telecoms tycoon Xavier Niel, who's worth $12.2 billion (£9bn).
London has consistently ranked among the top cities of choice for the world’s wealthiest. Alongside its cultural attractions, the city's enduring appeal among billionaires is rooted in its status as a global financial capital – it's the home of the London Stock Exchange, countless global banks, and hedge funds. Its time zone also uniquely positions it between Asia and North America, making London ideally situated for conducting international business in real-time.
While London's millionaire population has shrunk by 12% since 2014, in part due to rising taxes and Brexit, it's still a favoured hub for the super-rich. A staggering 215,700 millionaires reside in the city, in addition to 352 centi-millionaires and 33 billionaires.
When it comes to buying real estate, the city's wealthiest residents hone in on prestigious residential areas including Kensington and Chelsea, Mayfair, and Belgravia, as well as sought-after suburbs north of the centre. For example, the leafy enclave of Hampstead offers luxury single-family homes within easy reach of the city for those with deep enough pockets. Hampstead's Winnington Road, where homes cost an average of $16 million (£11.9m), was crowned the UK's most expensive street in 2025.
Billionaires based in London include Ukrainian-British businessman Sir Leonard Blavatnik and the Hinduja family, an Indian-British business dynasty that controls their eponymous multinational conglomerate from the UK capital.
Beijing is a rising powerhouse for billionaire wealth. As the headquarters of many state-owned enterprises and tech giants like ByteDance and Baidu, the city plays a central role in China’s economic engine. Growing industries include technology, finance, and telecommunications, all of which have fuelled rapid wealth creation.
Cementing itself as a global financial player, Beijing has seen a staggering jump in the number of millionaires flocking to the city, with HNWIs rocketing by 72% since 2014. Its population now comprises 114,300 millionaires, 316 centi-millionaires, and 38 billionaires.
Lei Jun, co-founder of smartphone and electronics multinational Xiaomi, is among Beijing's high-net-worth community. Jun's fortune amounts to $45.6 billion (£33.8bn).
The most expensive areas where the city's wealthiest reside include Shunyi District in the northeast and Chaoyang District in the south-central region, both of which are popular with international expats. Serviced apartments and gated villas make up the majority of Beijing's high-end housing.
In March 2025, the average cost of a new-build home in Beijing was ¥4,281 ($597/£442) per square foot, or ¥46,079 ($6.4k/£4.8k) per square metre. Meanwhile, existing housing stock commanded higher prices of ¥6,384 ($890/£660) per square foot, which is the equivalent of ¥68,714 ($9.6k/£7.1k) per square metre.
Thanks to its relatively low tax regime, thriving stock market, top-tier private banking, and cosmopolitan lifestyle, Hong Kong has one of the highest concentrations of ultra-wealthy citizens in the world. Among its 7.4 million residents, there are 40 billionaires, 346 centi-millionaires, and 154,900 millionaires.
A key global player, Hong Kong offers a thriving tech startup ecosystem, as well as a range of high-net-worth industries spanning finance, real estate, and art trading. The city is also seeking to attract more family offices – organisations that manage the private wealth of individuals and families – via tax perks and new visa rules.
It's no surprise, then, that billionaires are flocking to Hong Kong. However, with space at a premium in the densely populated city, the super-rich look to the hills for real estate. Overlooking the urban sprawl, the elevated neighbourhood of Victoria Peak features the city's most expensive properties. But buying into the exclusive community requires serious cash, with the average price per square foot an enormous HK$38,741 ($4.9k/£3.7k), or HK$417,005 ($53k/£39.4k) per square metre.
Homeowners on The Peak reportedly include Yeung Kin-man, the billionaire founder of smartphone screen supplier Biel Crystal, and Alibaba founder Jack Ma. According to some sources, Ma bought a mega-mansion there back in 2015.
Home to the world's biggest stock exchange and the largest known gold repository in the world, it's not hard to see why New York City is a favoured location among the uber-wealthy. Despite its high taxes, the global finance epicentre's pull on the super-rich is enduring, in part due to its unmatched investment opportunities, elite institutions, and cultural prestige. Many of the Big Apple's billionaires made their fortunes through private equity, hedge funds, media, and real estate.
In total, New York City has 66 billionaires – the second-highest number of billionaires of any city in the world – as well as 818 centi-millionaires and 384,500 millionaires.
Businessman and politician Michael Bloomberg is the richest New Yorker, with a net worth of $104 billion (£77.6bn). Australian-American media mogul Rupert Murdoch and comedian Jerry Seinfeld are also among the city's billionaire ranks.
While the median listing price for homes in the city is $850,000 (£630k), that figure leaps up to $1.5 million (£1.1m) in Manhattan, where many of the Big Apple's most affluent neighbourhoods are located. These include the redeveloped former industrial site of Hudson Yards, along with Tribeca and SoHo.
The San Francisco Bay Area, which consists of the city and its surrounding counties, is officially the world's billionaire capital. The region has 82 billionaires, more than any other urban area, plus 756 centi-millionaires and 342,400 millionaires.
As the heart of Silicon Valley, it's the birthplace of some of the planet's most powerful global tech giants, including Apple, Google, and Snap Inc. The Bay Area's culture of innovation nurtures startups, helping to turn fledgling founders into tech tycoons, while offering high-net-worth investors attractive returns. Consequently, the region's millionaire population has grown by an enormous 98% since 2014.
Largely due to the tech boom, Northern California now has 39 of the 100 most expensive ZIP codes in America. In San Francisco alone, the median sold price for a home is now $1.5 million (£1.1m), while prestigious urban centres in the region have even steeper housing markets.
Facebook co-founder Mark Zuckerberg and Google co-founder Larry Page, two of the richest people in the US, both reside in the Silicon Valley community of Palo Alto. Property in the area, which is the home of Stanford University, has a staggering median sold price of $3.3 million (£2.4m). The Bay Area has truly become a playground for the tech industry's wealthiest titans.
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