Ranked: The World’s Fastest Growing Wealth Hubs

Marcus Lu
2025-06-10 10:28:00
www.visualcapitalist.com

See this visualization first on the Voronoi app.

The World’s Fastest Growing Wealth Hubs

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.

Key Takeaways

This graphic ranks cities with the fastest growing millionaire populations from 2014 to 2024
Shenzhen tops the list, followed closely by Scottsdale, Arizona and Bengaluru, India
The San Francisco Bay Area remains the leader in the total number of millionaires, according to the list compiled by Henley & Partners

What’s Driving Shenzhen’s Boom?

Shenzhen is home to giants like Huawei, Tencent, and DJI. The city’s thriving startup and tech ecosystem has created thousands of new millionaires through stock options, IPOs, and private equity.

The Chinese government has also prioritized Shenzhen as a model city for innovation and reform.

City/Area	Millionaire Growth % (2014–2024)
Shenzhen	142%
Scottsdale	125%
Bengaluru	120%
West Palm Beach	112%
Hangzhou	108%
Dubai	102%
The Bay Area	98%
Miami	94%
Washington DC	92%
Austin	90%
Guangzhou	88%
Dallas	85%
Warsaw	83%
Delhi	82%
Abu Dhabi	80%
Houston	75%
Beijing	72%
Mumbai	69%
Shanghai	67%
Riyadh	65%
Singapore	62%
Taipei City	60%
Monaco	58%
Calgary	55%
Bangkok	53%
Vancouver	52%
Jeddah	52%

In second place on our list is Scottsdale, Arizona. Once known mainly as a resort town, Scottsdale has emerged as a rising tech hub. The city is home to GoDaddy’s headquarters and hosts offices for major players like PayPal, Yelp, and Turo.

Coming in third on our list is Bengaluru, famously known as the “Silicon Valley of India.” The city’s economy thrives in sectors like IT, Biotechnology, Aerospace, Telecommunications, Electronics, and Manufacturing.

Despite losing some big companies to other areas over the last couple of years, the San Francisco Bay Area remains the leader in the total number of millionaires, with 342,400. The area is also home to 82 billionaires, more than the total number of billionaires in the top six cities combined.

Besides cities in the U.S., China, and India, the top 10 also features Dubai. With tax incentives, a growing tech sector, and massive real estate developments, the city continues to attract wealthy entrepreneurs and investors from around the world.

When comparing by country, the U.S. leads with eight hubs, followed by China with five, and India with three.

Learn More on the Voronoi App

If you enjoyed this map, be sure to check out Mapped: The World’s Most Expensive Real Estate Markets.

Source Link

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