
According to a report by London-based consultancy Henley & Partners, Lagos has been ranked 72nd on the list of the world’s wealthiest cities in 2023. The top three positions were claimed by New York, Tokyo in Japan, and Silicon Valley’s Bay Area. The report analyzed the number of resident millionaires in each city as of December 31, 2022, and Lagos was the only Nigerian city featured on the list. The report covered 97 cities worldwide and utilized data from wealth intelligence firm, New World Wealth, which tracks the spending habits of high-net-worth individuals. Additionally, the report considered the number of highly-priced homes in each city. The list was predominantly dominated by cities in the United States and China, while South Africa’s Johannesburg was the wealthiest city in Africa.
Rank | City | Country | No. of High Net Worth Individuals |
1 | New York City | United States | 340,000 |
2 | Tokyo | Japan | 290,300 |
3 | The Bay Area | United States | 285,000 |
4 | London | United Kingdom | 258,000 |
5 | Singapore | Singapore | 240,100 |
6 | Los Angeles | United States | 205,400 |
7 | Hong Kong | SAR China | 129,500 |
8 | Beijing | China | 128,200 |
9 | Shanghai | China | 127,200 |
10 | Sydney | Australia | 126,900 |
11 | Chicago | United States | 124,000 |
12 | Toronto | Canada | 105,200 |
13 | Frankfurt | Germany | 102,200 |
14 | Zurich | Switzerland | 99,300 |
15 | Houston | United States | 98,500 |
16 | Seoul | South Korea | 97,000 |
17 | Melbourne | Australia | 96,000 |
18 | Paris | France | 93,000 |
19 | Geneva | Switzerland | 85,800 |
20 | Dubai | UAE | 68,400 |
21 | Mumbai | India | 59,400 |
22 | Rome | Italy | 56,500 |
23 | Seattle | United States | 50,500 |
24 | Shenzhen | China | 45,700 |
25 | Osaka | Japan | 44,900 |
26 | Boston | United States | 41,700 |
27 | Kyoto | Japan | 40,400 |
28 | Miami | United States | 38,000 |
29 | Vancouver | Canada | 37,300 |
30 | Tel Aviv | Israel | 35,600 |
31 | Moscow | Russia | 35,200 |
32 | Perth | Australia | 33,900 |
33 | Brisbane | Australia | 31,900 |
34 | Austin | United States | 30,500 |
35 | Hangzhou | China | 30,400 |
36 | Delhi | India | 30,200 |
37 | Madrid | Spain | 29,000 |
38 | Auckland | Australia | 24,500 |
39 | Abu Dhabi | UAE | 24,200 |
40 | Manchester | United Kingdom | 24,200 |
41 | Nice | France | 23,900 |
42 | Guangzhou | China | 23,500 |
43 | Athens | Greece | 23,100 |
44 | Doha | Qatar | 21,500 |
45 | Lisbon | Portugal | 20,800 |
46 | Dublin | Ireland | 18,400 |
47 | Riyadh | Saudi Arabia | 18,100 |
48 | Montreal | Canada | 17,900 |
49 | Monaco | Monaco | 17,600 |
50 | Las Vegas | United States | 16,800 |
51 | Istanbul | Turkey | 16,300 |
52 | Warsaw | Poland | 15,100 |
53 | Jerusalem | Israel | 15,100 |
54 | San Diego | United States | 14,700 |
55 | Calgary | Canada | 14,700 |
56 | Johannesburg | South Africa | 14,600 |
57 | Scottsdale | United States | 13,900 |
58 | Barcelona | Spain | 13,300 |
59 | Milan | Italy | 12,600 |
60 | Bengaluru | India | 12,600 |
61 | Edinburgh | United Kingdom | 12,400 |
62 | Santa Barbara & Montecito | United States | 12,300 |
63 | Kolkata | India | 12,100 |
64 | Greenwich & Darien | United States | 11,900 |
65 | Hyderabad | India | 11,100 |
66 | West Palm Beach | United States | 9,400 |
67 | Ho Chi Minh City | Vietnam | 7,700 |
68 | Florence | Italy | 7,500 |
69 | Cairo | Egypt | 7,400 |
70 | Cape Town | South Africa | 7,200 |
71 | St. Petersburg | Russia | 6,900 |
72 | Lagos | Nigeria | 5,400 |
73 | Budapest | Hungary | 5,300 |
74 | Nairobi | Kenya | 4,700 |
75 | Netanya | Israel | 4,300 |
76 | Herzliya | Israel | 3,900 |
77 | Sharjah | UAE | 3,800 |
78 | Durban | South Africa | 3,600 |
79 | Cape Winelands | South Africa | 3,400 |
80 | Garden Route | South Africa | 3,000 |
81 | Casablanca | Morocco | 2,800 |
82 | Pretoria | South Africa | 2,400 |
83 | Accra | Ghana | 2,000 |
84 | Luanda | Angola | 1,800 |
85 | Dar Es Salaam | Tanzania | 1,400 |
86 | Whale Coast | South Africa | 1,100 |
87 | Windhoek | Namibia | 1,100 |
88 | Marrakech | Morocco | 900 |
89 | Addis Ababa | Ethiopia | 800 |
90 | Kigali | Rwanda | 800 |
91 | Maputo | Mozambique | 800 |
92 | Mombasa | Kenya | 700 |
93 | Tangier | Morocco | 700 |
94 | Lusaka | Zambia | 600 |
95 | Swakopmund | Namibia | 300 |
96 | Walvis Bay | Namibia | 300 |