Worldwide Centi-Millionaires Surpass 28,000, Doubling in 20 Years: Henley & Partners Report

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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.

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