Mapped: The World’s Wealthiest Cities, by Millionaires and Billionaires

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June 27, 2024 Article/Editing: Graphics/Design:

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Mapped: The Wealthiest Cities, by Millionaires and Billionaires

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Where are the top destinations for millionaires and billionaires worldwide?

Today, the richest cities in the world are finance and tech hubs, drawing affluent residents to thriving metropolitans. Given the flow of wealth and high demand for prime property, it’s no surprise that these cities have some of the most exclusive residential markets globally.

The above graphic shows the world’s wealthiest cities by the number of millionaires and billionaires, based on data from Henley & Partners annual World’s Wealthiest Cities Report.

Cities with the Most Millionaires and Billionaires

Below, we order the richest cities globally, based on their millionaire population in 2023 (net worth of $1 million USD or more) along with each city’s billionaire population (net worth of $1 billion USD or more):

Rank
(by Millionaires)City/AreaCountryMillionairesBillionaires 1New York City🇺🇸 U.S.340,00058 2Tokyo🇯🇵 Japan290,30014 3The Bay Area🇺🇸 U.S.285,00063 4London🇬🇧 UK258,00036 5Singapore🇸🇬 Singapore240,10027 6Los Angeles🇺🇸 U.S.205,40042 7Hong Kong🇭🇰 Hong Kong SAR129,50032 8Beijing🇨🇳 China128,20043 9Shanghai🇨🇳 China127,20040 10Sydney🇦🇺 Australia126,90015 11Chicago🇺🇸 U.S.124,00024 12Toronto🇨🇦 Canada105,20018 13Frankfurt🇩🇪 Germany102,20016 14Zurich🇨🇭 Switzerland99,30012 15Houston🇺🇸 U.S.98,50020 16Seoul🇰🇷 South Korea97,00024 17Melbourne🇦🇺 Australia96,00010 18Paris🇫🇷 France93,00016 19Geneva🇨🇭 Switzerland85,80015 20Dubai🇦🇪 UAE68,40015

With 340,000 millionaires and 58 billionaires, New York City stands as the world’s wealthiest metropolitan area.

Between 2012 and 2022, the number of high net worth individuals living in the Big Apple increased by 40%, even as the pandemic drove an exodus of wealthy people from the city. Overall, the wealth of New York City’s residents is roughly $3 trillion, more than the GDP of Canada.

Falling in second is Tokyo, boasting a millionaire population of 290,300 residents. Roughly a fifth of the country’s millionaires live in the city.

With one of the fastest growing millionaire populations across this list, The Bay Area ranks in third. Driven by

Ranked: U.S. Cities with the Highest Rent in 2024

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June 11, 2024 Graphics/Design:

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Ranked: U.S. Cities with the Highest Rent in 2024

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Rental prices have surged in several American cities in recent years. Factors such as inflation, a limited housing inventory, a changing workforce, and barriers to homeownership have all contributed to the increase in rent costs.

This graphic shows the top 10 American cities with the highest rental costs as of May 2024, according to the Zumper National Rent Index. Prices are for 1-bedroom units.

NYC Prices: $4,200 for One-Bedroom

New York tops the list with an average monthly cost of $4,200 for a one-bedroom apartment. Not only is it expensive, but due to high demand, living in the Big Apple can be competitive.

While half of all renters in the U.S. spend more than 30% of their income on rent, residents in New York can spend more than 40% of their income renting a place.

RankingCityPrice in 2024Price in 2023YOY change 1New York, NY$4,200$3,78011.1% 2Jersey City, NJ$3,330$3,1814.7% 3San Francisco, CA$2,950$3,001-1.7% 4Boston, MA$2,830$2,7004.8% 5Miami, FL$2,770$2,900-4.5% 6San Jose, CA$2,570$2,630-2.3% 7Arlington, VA$2,380$2,2993.5% 8San Diego, CA$2,370$2,401-1.3% 9Washington, DC$2,300$2,371-3.0% 9Los Angeles, CA$2,300$2,421-5.0%

Across the Hudson River, Jersey City ranks second, with one-bedroom suites priced at $3,330.

On the West Coast, San Francisco leads with $2,950 for a one-bedroom unit. Four of the 10 most expensive cities to rent are in California.

According to a study by Harvard University, the pandemic has intensified the housing affordability crisis in the United States. While high-end market supply may offer some relief to middle and higher-income renters, lower-income households will continue to struggle due to high construction costs and market dynamics.

What are the most valuable housing markets in the United States? We ranked housing markets in this chart to find out.

Ranked: The Top Startup Cities Around the World

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May 21, 2024 Graphics/Design:

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The Top Startup Cities Around the World

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

A richly connected network of founders, venture capital firms, and tech talent are some of the key ingredients driving a startup ecosystem.

As engines of growth, these tech clusters are evolving on a global scale. While the world’s leading startup cities are concentrated in America, several ecosystems, such as Beijing and Seoul, are growing in prominence as countries focus on technological advancement to spur innovation.

This graphic shows the best startup cities worldwide, based on data from Pitchbook.

The Global Startup Ecosystem Rankings

To determine the rankings, each city was analyzed based on the scale and maturity of their startup ecosystem over a six-year period ending in the second quarter of 2023.

Among the inputs analyzed and used to calculate the overall development score were fundraising activity, venture capital deals, and exit value:

RankCityDevelopment ScoreCapital RaisedDeal CountExit Value 1🇺🇸 San Francisco90$427.6B19,898$766.3B 2🇺🇸 New York76$179.9B13,594$171.7B 3🇨🇳 Beijing76$161.2B8,835$279.2B 4🇨🇳 Shanghai73$130.3B7,422$186.8B 5🇺🇸 Los Angeles71$144.6B9,781$181.4B 6🇺🇸 Boston70$117.0B6,044$172.8B 7🇬🇧 London64$99.0B11,533$71.9B 8🇨🇳 Shenzhen63$46.4B5,020$66.3B 9🇰🇷 Seoul61$31.1B6,196$71.0B 10🇯🇵 Tokyo60$26.2B5,590$28.0B 11🇨🇳 Hangzhou59$50.7B3,361$88.7B 12🇺🇸 Washington D.C.55$43.7B2,706$28.2B 13🇺🇸 Seattle54$31.7B2,693$35.6B 14🇸🇬 Singapore52$45.7B4,507$38.0B 15🇺🇸 San Diego52$33.5B2,023$44.7B 16🇺🇸 Austin52$26.4B2,636$22.9B 17🇨🇳 Guangzhou52$24.7B1,700$24.0B 18🇮🇱 Tel Aviv51$21.0B1,936$32.2B 19🇺🇸 Denver51$26.8B2,489$29.9B 20🇩🇪 Berlin50$31.2B2,469$15.9B

San Francisco dominates the pack, with $427.6 billion in capital raised over the six-year period.

Despite a challenging funding environment, nearly 20,000 deals closed, highlighting its outsized role in launching tech startups. Both OpenAI and rival Anthropic are headquartered in the city, thanks to its broad pool of tech talent and venture capital firms. Overall, 11,812 startups were based in the San Francisco Bay Area in 2023, equal to about 20% of startups in America.

Falling next in line is New York City, which raised $179.9 billion over the same time period. Crypto firm Gemini and machine learning company, Hugging