Glittering skyscrapers, rows of designer stores, palatial homes tucked away in the suburbs—most of us have ingrained preconceptions of what the richest cities in the world look like, but how true are they?

For the nosy folks among us (or curious, shall we say), Henley & Partners’ latest report, created in partnership with wealth intelligence firm New World Wealth, tells us everything we need to know. The annual report uses expert insights to calculate the total number of millionaires, centi-millionaires (individuals worth more than $100 million), and billionaires living in each of the world’s major metropolises, plus how much the city’s millionaire population has fluctuated in the past year.

While many of the cities in the top 10 list below are no brainers—read on to find out where the likes of London, New York, and Paris ranked in 2025—there are a few surprising entries and big risers. One destination that has seen mind-boggling millionaire growth over the last decade is the Bay Area in the United States; the area, including San Francisco and Silicon Valley, has seen 98% growth in the past decade. While the rich continue to flock to some of the world’s buzziest metropolitan areas, other cities seem to be losing their once-glitzy appeal, including London, the only city in the top 10 to decrease its millionaire population.

Read on to find out where the well-heeled are choosing to settle down in 2025. For more information and to see the full list of the 50 richest cities in the world, see the full report here.

10. Chicago

Millionaires: 127,100
Centi-millionaires: 295
Billionaires: 25
Millionaire growth: 24%

9. Sydney

Millionaires: 152,900
Centi-millionaires: 224
Billionaires: 22
Millionaire growth: 28%

8. Hong Kong

Millionaires: 154,900
Centi-millionaires: 346
Billionaires: 40
Millionaire growth: 3%