Mumbai, if we are to believe the recent report, is said to be one of the richest cities by 2030. Supposedly, Mumbai’s economy is growing quite consistently and hence it is believed to make its place on the list of top 20 cities with the most number of millionaires by the year 2030, according to the Henley Global Citizens Report for Q3 of 2022 (July-Sept’22), published by Henley & Partners Group, which is a London-based residency advisory firm. This report has also, given its definition of millionaires which means, those with investable assets of a million dollars or more.


Dubai, which is also expected to make its place on the list is as of today, ranked 23rd globally and is currently home to 67,900 millionaires, 202 centi-millionaires, and additional 13 billionaires. Whereas if we talk about Mumbai, it is home to currently 60,600 resident millionaires, 243 centi-millionaires, and 30 billionaires, and ranks 25th globally.

The marvelous city has two of the biggest stock exchange in India, that is Bombay Stock Exchange and the National Stock Exchange, and these stock exchange also occupies the place in the 10 largest stock exchanges according to the market cap, the report stated.


While if we talk about the Chinese city of Shenzhen, which is also expected to make its place on the list, it is as of today ranked 30th, and has around 43,600 millionaires, also taking into consideration 135 centi-millionaires and 17 billionaires. This city is around the world seen as the hi-tech capital of China and also has the Shenzhen Stock Exchange, which itself is the seventh-largest stock market in the world according to market cap.


While these three cities show the promise to be amongst the richest cities shortly, at present, the top 20 cities which have the highest number of millionaires include the following rank wise:

1. New York (345,600 millionaires)

2. Tokyo (304,900 millionaires)

3. San Francisco Bay area (276,400 millionaires)

4. London (272,400 millionaires)

5. Singapore (249,800 millionaires)

6. Los Angeles (192,400 millionaires)

7. Chicago (160,100 millionaires)

8. Houston (132,600 millionaires)

9. Beijing (131,500 millionaires)

10. Shanghai (130,100 millionaires)

11. Sydney (129,500 millionaires)

12. Hong Kong(125,100 millionaires)

13. Frankfurt (117,400 millionaires)

14. Toronto (116,100 millionaires)

15. Zurich (105,100 millionaires)

16. Seoul (102,100 millionaires)

17.Melbourne (97,300 millionaires)

18. Dallas & Fort Worth (92,300 millionaires)

19. Geneva (90,300 millionaires)

20. Paris (88,600 millionaires).