FULL LIST: Lagos ranked 72nd in World’s Wealthiest Cities 2023

Lagos has been placed in 72nd position in new list of the world’s wealthiest cities in 2023, with New York, Japan’s Tokyo, and Silicon Valley’s Bay Area claiming the first, second, and third spots, respectively.

The list, compiled by London-based consultancy Henley & Partners, ranked the cities by taking into account the number of resident millionaires (rounded off to the neared 1o0) as of December 31, 2022.

It was dominated by cities in the United States and China — Lagos is the only Nigerian city that got featured in the list, with South Africa’s Johannesburg ranked the wealthiest city in Africa.

The World’s Wealthiest Cities Report 2023 covered 97 cities across the world, using data from wealth intelligence firm, New World Wealth, which tracks the movements and spending habits of high-net-worth individuals with the work titles like Founder, Chairperson, CEO, and Director.

It also considered the number of highly-priced homes in the area, said Henley & Partners, on their website.

Rank	City	Country	No. of High Net Worth Individuals
1	New York City	United States	340,000
2	Tokyo	Japan	290,300
3	The Bay Area	United States	285,000
4	London	United Kingdom	258,000
5	Singapore	Singapore	240,100
6	Los Angeles	United States	205,400
7	Hong Kong	SAR China	129,500
8	Beijing	China	128,200
9	Shanghai	China	127,200
10	Sydney	Australia	126,900
11	Chicago	United States	124,000
12	Toronto	Canada	105,200
13	Frankfurt	Germany	102,200
14	Zurich	Switzerland	99,300
15	Houston	United States	98,500
16	Seoul	South Korea	97,000
17	Melbourne	Australia	96,000
18	Paris	France	93,000
19	Geneva	Switzerland	85,800
20	Dubai	UAE	68,400
21	Mumbai	India	59,400
22	Rome	Italy	56,500
23	Seattle	United States	50,500
24	Shenzhen	China	45,700
25	Osaka	Japan	44,900
26	Boston	United States	41,700
27	Kyoto	Japan	40,400
28	Miami	United States	38,000
29	Vancouver	Canada	37,300
30	Tel Aviv	Israel	35,600
31	Moscow	Russia	35,200
32	Perth	Australia	33,900
33	Brisbane	Australia	31,900
34	Austin	United States	30,500
35	Hangzhou	China	30,400
36	Delhi	India	30,200
37	Madrid	Spain	29,000
38	Auckland	Australia	24,500
39	Abu Dhabi	UAE	24,200
40	Manchester	United Kingdom	24,200
41	Nice	France	23,900
42	Guangzhou	China	23,500
43	Athens	Greece	23,100
44	Doha	Qatar	21,500
45	Lisbon	Portugal	20,800
46	Dublin	Ireland	18,400
47	Riyadh	Saudi Arabia	18,100
48	Montreal	Canada	17,900
49	Monaco	Monaco	17,600
50	Las Vegas	United States	16,800
51	Istanbul	Turkey	16,300
52	Warsaw	Poland	15,100
53	Jerusalem	Israel	15,100
54	San Diego	United States	14,700
55	Calgary	Canada	14,700
56	Johannesburg	South Africa	14,600
57	Scottsdale	United States	13,900
58	Barcelona	Spain	13,300
59	Milan	Italy	12,600
60	Bengaluru	India	12,600
61	Edinburgh	United Kingdom	12,400
62	Santa Barbara & Montecito	United States	12,300
63	Kolkata	India	12,100
64	Greenwich & Darien	United States	11,900
65	Hyderabad	India	11,100
66	West Palm Beach	United States	9,400
67	Ho Chi Minh City	Vietnam	7,700
68	Florence	Italy	7,500
69	Cairo	Egypt	7,400
70	Cape Town	South Africa	7,200
71	St. Petersburg	Russia	6,900
72	Lagos	Nigeria	5,400
73	Budapest	Hungary	5,300
74	Nairobi	Kenya	4,700
75	Netanya	Israel	4,300
76	Herzliya	Israel	3,900
77	Sharjah	UAE	3,800
78	Durban	South Africa	3,600
79	Cape Winelands	South Africa	3,400
80	Garden Route	South Africa	3,000
81	Casablanca	Morocco	2,800
82	Pretoria	South Africa	2,400
83	Accra	Ghana	2,000
84	Luanda	Angola	1,800
85	Dar Es Salaam	Tanzania	1,400
86	Whale Coast	South Africa	1,100
87	Windhoek	Namibia	1,100
88	Marrakech	Morocco	900
89	Addis Ababa	Ethiopia	800
90	Kigali	Rwanda	800
91	Maputo	Mozambique	800
92	Mombasa	Kenya	700
93	Tangier	Morocco	700
94	Lusaka	Zambia	600
95	Swakopmund	Namibia	300
96	Walvis Bay	Namibia	300