Where do the world’s super-rich millennial millionaires live? Los Angeles is the city with the highest number of millennial millionaires – defined as individuals under the age of 35 with net assets worth $1m or more.
The ranking of top 20 global cities with most millennial millionaires has been compiled by GlobalData Wealth Insight and the Verdict team. So what insights can we glean from this latest super-rich list?
Los Angeles tops the list with 25,249 millennial millionaires, followed by New York with 19,966.
London and Shanghai take third and fourth place respectively with Paris, Rome, Mumbai, Hong Kong, San Jose, and Moscow making up the the remainder of the top ten.
Interestingly, London is home to far more millennial millionaires than its European rivals Paris, Rome, and Berlin.
Its nearest rival, Shanghai, has less than a third of London’s millennial millionaires. The firm also notes that U.S. cities take 7 of the top 20 spots. Where do the world’s millennial millionaires reside?
Here are the world’s top 20 cities with most millennial millionaires
| Rank | City | Country | Number of Millennial Millionaires |
|---|---|---|---|
| 1 | Los Angeles | United States | 25,249 |
| 2 | New York | United States | 19,966 |
| 3 | London | United Kingdom | 19,750 |
| 4 | Shanghai | China | 6,111 |
| 5 | Paris | France | 5,920 |
| 6 | Rome | Italy | 5,906 |
| 7 | Mumbai | India | 5,889 |
| 8 | Hong Kong | Hong Kong | 5.573 |
| 9 | San Jose | United States | 5,001 |
| 10 | Moscow | Russia | 3,743 |
| 11 | Riyadh | Saudi Arabia | 3,465 |
| 12 | Berlin | Germany | 2,898 |
| 13 | Barcelona | Spain | 2,752 |
| 14 | Toronto | Canada | 2,557 |
| 15 | Sydney | Australia | 2,248 |
| 16 | Singapore | Singapore | 2,193 |
| 17 | Phoenix | United States | 2,137 |
| 18 | San Francisco | United States | 2,049 |
| 19 | San Diego | United States | 1,967 |
| 20 | Houston | United States | 1,723 |
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