- By Ridam Sharma
- Tue, 27 May 2025 11:52 AM (IST)
- Source:JND
Fastest-Growing Cities For Millionaires: During the last decade, global wealth has swung dramatically in favour of some cities as magnets for entrepreneurs and high-net-worth individuals (HNWIs). Wealth hotspots have experienced their populations of millionaires bloom, even doubling in some parts. All due to fast-growing tech industries, low-tax atmospheres, and solid infrastructure, especially in tech-dominated places like Shenzhen, Bengaluru, and the Bay Area, and favourable tax regimes in places like Dubai and Miami. Other than being economically wealthy places, these cities also provide a standard of living, which is a mix of both prosperity and well-being.
The United States remains the dominant country on the list of fastest-growing cities for millionaires in 2025, with multiple cities ranking in the top positions. On the other hand, Asia, which is driven by China and India, has emerged as the hub of new wealth generation. Followed by Middle Eastern cities like the UAE and Saudi Arabia, which are also becoming key junctures in global networks of wealth and credit, goes to countries’ well-thought-out government strategies and investment-friendly environments.
List Of Top 20 Fastest-Growing Cities For Millionaires In 2025:
| City/Area | Country | Millionaire Growth % (2014-2024) | Millionaires (USD 1 m+) | Centi-Millionaires (USD 100 m+) | Billionaires (USD 1 bn+) |
|---|---|---|---|---|---|
| Shenzhen | China | 142% | 50,800 | 156 | 22 |
| Scottsdale | USA | 125% | 14,800 | 64 | 5 |
| Bengaluru | India | 120% | 13,600 | 43 | 8 |
| West Palm Beach | USA | 112% | 11,500 | 78 | 10 |
| Hangzhou | China | 108% | 32,200 | 104 | 12 |
| Dubai | UAE | 102% | 81,200 | 237 | 20 |
| The Bay Area | USA | 98% | 342,400 | 756 | 82 |
| Miami | USA | 94% | 38,800 | 180 | 17 |
| Washington DC | USA | 92% | 28,900 | 97 | 12 |
| Austin | USA | 90% | 32,000 | 90 | 10 |
| Guangzhou | China | 88% | 24,300 | 69 | 9 |
| Dallas | USA | 85% | 72,400 | 135 | 16 |
| Warsaw | Poland | 83% | 12,800 | 32 | 4 |
| Delhi | India | 82% | 31,200 | 125 | 16 |
| Abu Dhabi | UAE | 80% | 17,800 | 75 | 8 |
| Houston | USA | 75% | 81,800 | 210 | 16 |
| Beijing | China | 72% | 114,300 | 316 | 38 |
| Mumbai | India | 69% | 51,200 | 205 | 25 |
| Shanghai | China | 67% | 110,500 | 293 | 35 |
| Riyadh | Saudi Arabia | 65% | 20,000 | 77 | 11 |
Source: The World’s Fastest Growing Wealth Hubs report 2025 by Henley & Partners
The list showcases the world's fastest-growing wealth centres between 2014 and 2024, based on cities that have seen the strongest growth of millionaires, as well as their numbers of centi-millionaires and billionaires. These numbers highlight the economic vibrancy across the globe, along with the new preferences of the world's high-net-worth individuals for cities of opportunity and security.
India’s Fastest-Growing ‘Wealth Hubs’ In 2025:
Bengaluru’s Rank On Fastest-Growing Hubs For Millionaires In 2025:
Bengaluru is the world’s 3rd fastest-growing millionaire city for 2025, with a stunning 120% growth over the last decade. All thanks to the Indian city’s growing tech ecosystem and startup culture. In the city, high-net-worth individuals reside from all over the country and the world.
Delhi’s Rank On Fastest-Growing Hubs For Millionaires In 2025:
Delhi is the 14th fastest-growing millionaire city for 2025 globally, with an approximate 82% increase in its millionaire population between 2014 and 2024. India's capital city, is is growing each year with its strong service industry, government presence, and growing business prospects, which are attracting new millionaires and entrepreneurs alike.
Mumbai’s Rank On Fastest-Growing Hubs For Millionaires In 2025:
Mumbai is the 18th fastest-growing millionaire city for 2025 in the world, with a 69% increase over the last ten years. As India’s financial capital, Mumbai’s wealth expansion is due to finance, trade, entertainment, and real estate, maintaining its reputation as the country’s hub for high-net-worth individuals.
