The number of centi-millionaires worldwide has reached a remarkable 28,420 individuals, more than doubling in the past two decades, according to the 2023 Centi-Millionaire Report released by Henley & Partners, a prominent wealth and investment migration advisory firm.
This exclusive report draws on data from New World Wealth, a global wealth intelligence firm. It reveals that the centi-millionaire population has experienced a 12% increase compared to the previous year.
Centi-millionaires are defined as individuals with investable assets totaling $100 million or more. Their remarkable growth underscores the rise of a highly influential global elite of super-wealthy individuals.
At the national level, the majority of centi-millionaires, often referred to as ‘centis,’ are concentrated in the United States, accounting for 38% of this exclusive group. China and India, two of the world’s largest emerging markets, follow closely behind.
On a more granular level, approximately one-third of the world’s centi-millionaires reside in 50 key cities across the globe. Topping this list is New York City (NYC), home to an impressive 775 resident centi-millionaires. The Bay Area, renowned for its tech industry, boasts 692 resident centi-millionaires, securing the second spot, followed by Los Angeles with 504 centis. Over the past year, NYC’s centi-millionaire population has grown by slightly over 5%, while the Bay Area has experienced an 11% increase.
Overall, the United States claims a significant share of the world’s centi-millionaires, with 12 cities in the top 50, totaling 3,311 centis, representing 11.7% of the global centi-millionaire population as of June this year.
| Rank | City/Region | Number of Centi-Millionaires | Change Since Last Year |
|---|---|---|---|
| 1 | New York City, USA | 775 | +5.2% |
| 2 | Bay Area, USA | 692 | +11.1% |
| 3 | Los Angeles, USA | 504 | +28.2% |
| 4 | London, UK | 388 | -4.4% |
| 5 | Beijing, China | 365 | +0.6% |
| 6 | Shanghai, China | 332 | -5.1% |
| 7 | Singapore | 330 | -1.2% |
| 8 | Hong Kong (SAR China) | 305 | +8.9% |
| 9 | Chicago, USA | 286 | -15.9% |
| 10 | Paris/Ile-de-France, FR | 280 | |
| 11 | Nice, France | 63 |
In contrast, the United Kingdom (UK) has just one city in the top 50, with London ranking fourth and housing 388 centi-millionaires, making up 1.4% of the global centi population.
The report also highlights Asia’s robust presence among the top rankings. Four Asian cities and territories secure places in the world’s top 10 centi-millionaire hotspots. Mainland China boasts two top-10 cities, with Beijing ranking fifth and Shanghai in sixth place. Singapore follows closely in seventh place, with Hong Kong (SAR China) securing the eighth spot.
Among the top 50 cities, Hangzhou, a thriving e-commerce hub in China, is expected to experience the most significant growth in its centi-millionaire population over the next decade, with a projected 95% increase. Shenzhen, a prominent tech hub, is close behind with an anticipated 88% growth rate.
The report by Henley & Partners offers valuable insights into the evolving landscape of extreme wealth distribution and the influence of global economic trends on the super-wealthy.
