Where Do Most Millionaires Live?

The city with the most millionaires living in it is Tokyo, Japan, according to 2012 estimates by WealthInsight. Tokoyo has more than 460,000 people with net assets of $1 million US Dollars (USD) or more, excluding their primary homes. One factor is thought to be that Japan has a higher population concentration in Tokyo, whereas other countries’ millionaire populations tend to be spread amongst more cities. New York is the US city with the most millionaires — more than 389,000, which ranks second in the world. The city with the highest percentage of people who are millionaires is Frankfurt, Germany, which has about 75 millionaires per 1,000 people.

More about the wealthy:

  • The US had the most millionaires in 2012, with about 5 million, followed by Japan with about 2 million.

  • New York City has more millionaires than the combined totals of Los Angeles, Chicago and Washington, D.C.

  • Moscow, Russia, is the city with the most billionaires. The city had 84 billionaires with combined assets of more than $360 billion USD in 2012, according to Forbes.

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