There are currently 28,420 centi millionaires in the world, more than double the number 20 years ago, and an increase of 12% compared to this time last year, according to the 2023 Centi Millionaire Report by Henley and Partners.
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This fast growing global elite of highly influential super wealthy movers and shakers boast investable assets of USD 100 million or more.
As outlined in the inaugural report last year, at a country level, most centi millionaires (or 'centis') are concentrated in the USA (38%), followed by the large emerging markets of China and India.
One third of the world's centi millionaire community live in 50 key cities across the globe, with New York City wearing the crown with 775 resident centi millionaires.
Hot on the heels of NYC in first place comes the Bay Area with 692 resident centi millionaires, followed by Los Angeles with 504 centis.
This super rich cohort has grown by just over 5% in the Big Apple over the past 12 months, compared to 11% in the Bay Area. Chicago also makes it into the Top 10, securing 9th place with 286 centi millionaires, but this is a significant drop of nearly 16% compared to last year.
Overall, the USA has 12 cities in the Top 50, with a combined total of 3,311 centis, representing 11.7% of the world's centi millionaire population as of June 2023.
By contrast, the UK has only one city in the Top 50, London, which comes in 4th place with 388 centi millionaires, representing 1.4% of the world's centi population. Once the global center of affluence and influence, London appears to have taken a dip. A year ago, there were 406 centis in the UK's capital city — a loss of 4.4% in just 12 months.
There is impressive representation from Asia in the upper rankings, with four Asian cities and territories among the world's Top 10 centi millionaire hotspots.
Mainland China has two Top 10 cities: Beijing is 5th with 365 centi millionaires and Shanghai is 6th with 332. Singapore follows in 7th place with 330 centis while Hong Kong (SAR China), in 8th place, is home to 305 centi millionaires. Paris and Ile de France come in 10th place, boasting 280 resident centi millionaires between them. ■