List of richest cities in the world as Lagos ranks low with 5,400 dollar millionaires

  • New York City has the largest concentration of millionaires, according to a report by Henley & Partners
  • The best-ranking African city is Johannesburg coming in the 56th position with about 14,600 high-net-worth individuals
  • Lagos only comes in the 72nd position with about 5,400 high net-worth individuals

New York City, Tokyo and Bay Area lead the top 10 wealthiest cities in the world with respective 340,000, 290,300, and 285,000 dollar millionaire residents.

The Bay Area managed to turn out the highest number of billionaires with 63. New York and Beijing followed with 58 and 43 billionaires respectively.