By 2030, Dubai And Mumbai Are Expected To Be In World’s Top 20 Wealthiest Cities

by Ishita Agarwal
By 2030, Dubai And Mumbai Are Expected To Be In World’s Top 20 Wealthiest Cities

By 2030,  Dubai, Mumbai, and Shenzhen (China) are expected to be in the top 20 wealthiest cities in the world. According to the Henley Global Citizens Report for Q3 of 2022 (July-Sept’22), released by Henley & Partners Group, a London-based residency consultancy organisation, these three cities are anticipated to enter the top 20 cities with the most billionaires by 2030 due to their rapid growth.  

Dubai Ranks 23rd And Mumbai Ranks 25th Globally 

With 67,900 millionaires, 202 centi-millionaires (those with fortune equivalent to or over 100 million), and 13 billionaires already living there, Dubai now ranks 23rd in the world. Mumbai, an Indian city that ranks 25th internationally is home to 60,600 millionaires. It is also home to 243 cent millionaires, and 30 billionaires. According to the research, the National Stock Exchange and the Bombay Stock Exchange, both in the megacity, are two of the top ten biggest stock exchanges in the world by market cap. 


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UAE Has Added New Immigration Regulations 

The UAE has also recently introduced new legislation to provide more immigration alternatives for those who work remotely, at start-ups, as innovators, and as retirees. Also to increase advantages for relatives who already live there. As a result, Dubai constantly outperforms its competitors in the global race for money, people, ideas and projects. All thanks to policymakers’ effective and quick thinking. These new initiatives will make Dubai enter the top 20 wealthiest cities by 2030. 

Top 10 Wealthiest Cities in The World 

Here is the list of the top 10 wealthiest cities in the world: 

  1. New York: 345,600
  2. Tokyo: 304,900
  3. San Francisco Bay Area: 276,400
  4. London: 272,400
  5. Singapore: 249,800
  6. Los Angeles & Malibu: 192,400
  7. Chicago: 160,100
  8. Houston: 132,600
  9. Beijing: 131,500
  10. Shanghai: 130,100 

Also Read: Mumbai-Dubai Is One Of Top 10 International Business Routes Reveals A Report

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