Top 10 fastest growing wealth hubs in 2025 list: The Silicon Valley of India, Bengaluru, ranked at #3 with 120% millionaire growth, has emerged as one of the fastest-growing wealth hubs globally and in India.
Top 10 fastest-growing wealth hubs in 2025: Do you know where most millionaires are likely to migrate in the coming years?
While many high-net-worth individuals (HNWIs) presently reside in a few major cities, such as New York, Paris, and Hong Kong, they are increasingly moving to hubs that offer better opportunities for growing their wealth and enhanced lifestyles.
Henley & Partners’ analysis highlights that technology and friendly taxation policies are the foremost creators of wealth.
Fastest-growing wealth hubs like Shenzhen, Hangzhou, and the Bay Area host large tech communities to attract HNWIs, while Dubai, Miami, and Singapore benefit from favourable or minimal taxation burdens.
These cities are experiencing significant wealth expansion, doubling their millionaire populations over the past decade.
Top 10 fastest-growing wealth hubs in the world
America continues to dominate with eight fastest-growing wealth centres. Sixteen Asian cities also feature on the list.
Middle Eastern cities, especially within the UAE and Saudi Arabia, have established themselves as pivotal connections in contemporary wealth networks.
| Rank | City/Area | Country | Millionaire Growth % (2014–2024) | Millionaires (USD 1M+) | Centi-Millionaires (USD 100M+) | Billionaires (USD 1Bn+) |
| 1 | Shenzhen | China | 142% | 50,800 | 156 | 22 |
| 2 | Scottsdale | USA | 125% | 14,800 | 64 | 5 |
| 3 | Bengaluru | India | 120% | 13,600 | 43 | 8 |
| 4 | West Palm Beach | USA | 112% | 11,500 | 78 | 10 |
| 5 | Hangzhou | China | 108% | 32,200 | 104 | 12 |
| 6 | Dubai | UAE | 102% | 81,200 | 237 | 20 |
| 7 | The Bay Area | USA | 98% | 342,400 | 756 | 82 |
| 8 | Miami | USA | 94% | 38,800 | 180 | 17 |
| 9 | Washington DC | USA | 92% | 28,900 | 97 | 12 |
| 10 | Austin | USA | 90% | 32,000 | 90 | 10 |
Source: World’s Wealthiest Cities Report 2025
Please note: Rankings are as of December 2024, and all statistics are in USD terms. This table includes only cities with over 10,000 millionaire residents and accounts solely for individuals residing in each city. Millionaire figures have been rounded to the nearest 100.
the nearest 100.
India’s fastest-growing ‘wealth hubs’ in 2025
Bengaluru represents the country’s most rapidly expanding wealth hub, driven by its thriving tech industry and business environment, which generates new millionaires consistently and impressively. (Source: CoWorker)
The Silicon Valley of India, Bengaluru, ranked at #3 with 120% millionaire growth, has emerged as one of the fastest-growing wealth hubs globally and in India in the last decade, the report highlights.
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Furthermore, the capital city and financial capital, Delhi and Mumbai, ranked #14 and #18 globally, have demonstrated strong growth of 82% and 69% growth, respectively, in millionaires over the last ten years.
| Global Rank | City | Millionaire Growth % (2014–2024) | Millionaires (USD 1M+) | Centi-Millionaires (USD 100M+) | Billionaires (USD 1Bn+) |
| 3 | Bengaluru | 120% | 13,600 | 43 | 8 |
| 14 | Delhi | 82% | 31,200 | 125 | 16 |
| 18 | Mumbai | 69% | 51,200 | 205 | 25 |
Source: World’s Wealthiest Cities Report 2025
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