The city’s number of people with a net worth of $30 million or higher went up 26.4% in 2025 to 18,290, according to New York-headquartered data company Altrata.
The increase was the highest among the global top 10 cities ranked by ultra-high-net-worth population. In comparison, London grew by 18.3%, New York 16.9%, and Tokyo 15.8%.
In absolute numbers, the ultra-rich population in Hong Kong ranked second globally behind New York at 23,785.
Los Angeles came third at 12,995, while another U.S. city, San Francisco, secured fourth place at 9,210. Chicago came fifth at 8,375.
Hong Kong has experienced a recent resurgence in cross-border wealth inflows, Altrata said in the report.
With a population of more than 7.5 million, Hong Kong had roughly one ultra-high-net-worth individual for every 412 residents, based on calculations by the South China Morning Post. The city’s ultra-wealthy population held a combined net worth of US$2.1 trillion.
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Tourists take photo of the skyline of buildings at Tsim Sha Tsui, in Hong Kong, China, May 2, 2023. Photo by Reuters |
“Ultra-wealth trends were buoyed by an equity-market revival [driven by deepening integration with mainland Chinese capital flows], real estate and investment reforms, and increased regional demand for sophisticated wealth-management services,” Altrata added.
“Hong Kong is one of Asia’s leading hubs for private banking, family offices and offshore wealth management.”
At the country level, the U.S. remained the dominant market with 206,880 ultra-rich individuals, exceeding the combined total of all other countries in the global top 10. The U.S. ultra-wealthy population grew 15%, with a combined net worth of $23.8 trillion.
Mainland China secured second place with 55,490 ultra-rich people, an increase of 10.1%. Germany, Japan and the U.K. rounded out the top five.
Sourcee.vnexpress.net
