Cities in the United States dominate the list of cities with the highest number of ulta high net worth individuals (UHNWI) in 2023. This comes as no surprise as it is the country with the highest number of UHNWIs. New York had 16,630 individuals with a net worth exceeding 30 million U.S. dollars, followed by Hong Kong with 12,545 individuals.

This statistic shows the number of the super-rich, or Ultra-High-Net-Worth, persons in the United States in 2014, sorted by city. New York has the largest concentration of super-rich individuals; about 8,655 UHNW (Ultra High Net Worth) people are living in the metro area.

This statistic shows the number of super rich households in Greater China as of January 2024, by city. In January 2024, approximately 19,000 households owning assets of 100 million Chinese yuan or more existed in Beijing.

This statistic shows the number of Ultra high net worth (UHNW) individuals populating Europe in 2016, by selected cities. London Metropolitan Area topped the list in Europe with over 3.6 thousand ultra high net worth individuals as of 2016.

Between 2016 and 2021, Sydney was home to the largest number of ultra-high-net-worth individuals (UHNWIs) in Australia, and is expected to maintain this status until at least 2026. An UHNWI is defined as an individual with net investable assets worth at least 30 million U.S. dollars. The number of UHNWIs living in Australia is above the global average.

In 2023, by far the highest number of individuals with net assets of at least 30 million U.S. dollars worldwide were residing in North America, reaching over 250,000 people. Asia recorded the second highest number of UHNWIs in the world with over 165,000 individuals.A small share owns vast sums of wealthThe vast majority of global wealth is concentrated in the hands of a few people. Only one percent of the global population owns assets worth more than one million U.S. dollars. The richest people in the world are Elon Mask, Jeff Bezos, and Bernard Arnault. When it comes to women, Francoise Bettencourt Meyers led the ranking of the most affluent women worldwide. The wealth of over 70 percent of UHNWIs was self-made. Where UHNWIs live and where they leave Unsurprisingly, as North America is the world region with the highest number of UHNWIs, the United States is the country with the highest UHNWI count. However, Hong Kong, special administrative (SAR) region in China, is the city with the highest number of UHNWIs. Nevertheless, China was the country that recorded the highest outflux of UHNWIs in 2022.

As of January 2024, Zhong Shanshan topped the list of the richest people in China with a net worth of 63 billion U.S. dollars. Huang Zheng, founder of Pinduoduo, and Ma Huateng, founder of the IT giant Tencent, came in second and third respectively, while Ma Yun, founder of the IT giant Alibaba, fell back to the tenth place.

Ultra-high net worth individuals (UHNWI) in China

Net worth refers to the amount of value by which an individual’s assets exceed their liabilities. It is usually cited to demonstrate the economic position of a person. Following China’s extensive economic development over the past two decades, the number of wealthy people had been rapidly growing as well. According to Hurun Research Institute, Greater China was the region with the largest number of billionaires worldwide as of 2024, with a total number of 814 billionaires. As of January 2022, the number of millionaires had amounted to approximately 20,400 people in Beijing alone. Unsurprisingly, the majority of high-net worth individuals lives in one of the four first-tier cities Beijing, Shanghai, Guangzhou, and Shenzhen.

Chinese billionaire's sources of wealth

Chinese millionaires have accumulated their wealth primarily as private entrepreneurs. Most of the people listed among the 20 wealthiest Chinese in 2024 had owned their own companies. Zhong Shanshan, who topped the list of richest people in China in 2024, has made his fortune as founder of the beverage company Nongfu Spring.