The world’s wealthiest individuals are increasingly concentrated in major financial, technology and business hubs that provide access to capital, innovation and global markets, according to the Hurun Global Rich List 2026.
While traditional powerhouses such as New York and London continue to dominate, Asian cities are rapidly expanding their presence among the world’s leading billionaire hubs.
Top 10 Cities with the Most Billionaires
1. New York 146 Billionaires
New York remains the world’s leading city by billionaire population, home to 146 billionaires, making it the largest concentration of billionaire wealth globally.
The city continues to benefit from its position as the financial capital of the United States and one of the world’s most influential business centers.
Wall Street remains a major engine of wealth creation, attracting investors, hedge funds, private equity firms and multinational companies. Beyond finance, sectors including technology, real estate, media and healthcare continue to generate new fortunes.
Despite growing competition from Asia, New York maintains its top position thanks to its diversified economy and long-established influence in global finance.
2. Shenzhen, China 132 Billionaires
Shenzhen ranks second worldwide with 132 billionaires, representing one of China’s most dramatic economic transformations.
Once a small fishing village, the city has become a major technology and manufacturing powerhouse.
Shenzhen is home to some of China’s largest technology companies and has developed into a global center for electronics, telecommunications and advanced manufacturing.
Its strong entrepreneurial culture has helped create significant wealth over the past decade, reflecting China’s broader shift toward innovation-driven industries.
3. Shanghai 120 Billionaires
Shanghai ranks third globally with 120 billionaires.
As China’s financial capital, the city combines international business influence with a powerful domestic economy.
Major banks, investment firms and multinational corporations operate extensively in Shanghai, while its role as a gateway for global trade has helped create enormous private fortunes.
The city continues to attract entrepreneurs across finance, technology, healthcare and consumer industries.
4. Beijing 107 Billionaires
Beijing ranks fourth with 107 billionaires, remaining one of China’s most influential economic centers.
Beyond its role as the country’s political capital, Beijing has developed a powerful technology and innovation ecosystem.
Many major technology and internet companies are headquartered in the city, supported by strong investment in research, development and emerging industries.
These factors have helped establish Beijing as one of the world’s most important wealth centers.
5. London 102 Billionaires
London remains Europe’s leading billionaire city, with 102 billionaires.
The British capital continues to attract international investors due to its advanced financial markets and global connections.
London is a major hub for banking, asset management, legal services and international trade.
Despite economic challenges in recent years, the city remains a preferred destination for entrepreneurs and investors seeking access to global markets.
6. Mumbai 95 Billionaires
Mumbai ranks sixth worldwide with 95 billionaires and remains India’s leading financial center.
Home to major stock exchanges and some of India’s largest companies, the city plays a key role in the country’s economic growth.
Expansion in technology, pharmaceuticals, energy and finance has contributed to the creation of significant new fortunes.
Mumbai’s billionaire population has grown alongside India’s rise as one of the world’s fastest-growing major economies.
7. Hong Kong 88 Billionaires
Hong Kong remains one of Asia’s most important financial centers, with 88 billionaires.
The city continues to serve as a bridge between China and global markets, supported by its business-friendly environment, strong capital markets and strategic location.
Finance, real estate and trade remain major sources of wealth creation.
Despite increasing competition from mainland Chinese cities, Hong Kong maintains its position among the world’s richest urban centers.
8. San Francisco 86 Billionaires
San Francisco ranks eighth with 86 billionaires and remains a global technology innovation hub.
Its close connection to Silicon Valley continues to support the creation of some of the world’s most valuable companies.
Technology entrepreneurs, venture capital investors and startup founders represent a large share of the city’s billionaire population.
The rise of artificial intelligence and emerging technologies continues to create new opportunities for wealth generation.
9. Moscow 82 Billionaires
Moscow is home to 82 billionaires, ranking ninth globally.
The Russian capital remains a major center for energy, natural resources, finance and industrial businesses.
Many of Russia’s wealthiest individuals maintain their business operations in the city, reinforcing Moscow’s role as a key concentration point for wealth.
10. Hangzhou 65 Billionaires
Hangzhou completes the top 10 list with 65 billionaires.
The Chinese city has emerged as one of the fastest-growing wealth centers, gaining international recognition as a hub for technology and digital commerce.
Major technology and e-commerce companies have played a significant role in creating local wealth.
Hangzhou’s rise highlights how technology is reshaping the global billionaire landscape and creating new centers of wealth beyond traditional financial capitals.
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