As the global economic wheel spins into a new era, some Asian countries with its dazzling cities become the new powerhouses that redefine wealth and opportunity in 2025. Amidst the hurdles of economic instability, these metropolises from across the continent have emerged as the wealthiest cities, captivating the world with their notable growth.
Being “rich” here is not just about numbers—above that, these cities thrive as a hub of luxury, innovation, and endless opportunities, drawing professionals and dreamers from every corner of the globe. Let’s take a look at the richest cities in Asia for 2025.
Top 10 Richest Cities in Asia 2025
According to the world’s wealthiest cities report released by Henley and Partners, these are the 10 wealthiest Asian countries in 2025:
1. Tokyo, Japan
- Rank: 1st regionally and 3rd internationally
- Key net worth metrics: GDP per capita, metropolitan GDP, millionaire population, high real estate value
- wealth determining factors: massive population, high productivity, large stock market, entrepreneurial opportunities, world-class infrastructure, progressive income tax rates
In 2025, Tokyo’s position as the leading economic powerhouse in Asia remains intact. Boasting a stupendous amount of about $2.05 trillion metropolitan GDP and a GDP per capita of around $55,000, Tokyo could actually surpass nations like South Korea or Canada in terms of economy if it were a country.
Aside from its impressive GDP, Tokyo’s wealth is driven by the city’s high productivity, massive population of 37 million people, and its significant role as a global corporate capital housing around 292,000 millionaires, 262 centi-millionaires, and 18 billionaires.
2. Singapore
- Rank: 2nd regionally and 4th internationally
- key net worth metrics: GDP per capita, millionaire population, median household monthly income, high real estate values
- wealth determining factors: robust financial infrastructure, competitive corporate tax rate, strong legal framework, political stability
Occupying the second rank on the list of richest cities in Asia for 2025, Singapore is a prime example of a city with concentrated wealth and effective governance. With a population of 5.6 million people, Singapore’s GDP per capita is among the world’s highest, reaching approximately $70,000.
Attracting ultra-high-net worth individuals with its Global Investor Programme, there are over 240,000 millionaires currently residing in Singapore, according to Citizen X. Offering a sophisticated financial infrastructure, advantageous tax system, and robust legal framework, it is no wonder that Singapore appeals to wealthy individuals.
3. Hong Kong, SAR
- Rank: 3rd regionally and 8th internationally
- Key net worth metrics: GDP, GDP per capita, millionaire population, high value property market
- Wealth determining factors: favorable tax regime, strong legal protection for business, free capital movement, attractive investment thresholds
Hong Kong becomes the next nation to mark its spot as the richest city in Asia. Combining economic power with high individual wealth, Hong Kong holds a remarkable GDP of approximately $370 billion and a GDP per capita of nearly $49,000.
As China’s international financial center and base for numerous regional corporate headquarters, Hong Kong hosts more than 155,000 millionaires, 346 centi-millionaires, and 40 billionaires. Despite some challenges, Hong Kong is still a top destination for wealthy investors and skilled professionals from around the globe due to its programs such as the Capital Investment Entrant Scheme (CIES), Top Talent Pass, and Quality Migrant Admission Scheme.
4. Beijing, China
- Rank: 4th regionally and 12th internationally
- Key net worth metrics: GDP, millionaire population
- Wealth determining factors: capital for technology, finance and advance industries, prosperous real estate market
Considering its position as one of the pivotal players in the global economy, three major cities in China managed to rise as the wealthiest cities in the Asian region and one of them who made it to number 4 is Beijing. With a whopping GDP of approximately 618 billion USD, Beijing is a home for over 110,000 millionaires and a plentiful of billionaires, including major tech firms like Baidu and ByteDance.
While the urban center does not have any particular investor immigration schemes, Beijing provides key access to government networks and plays a significant part in China’s financial reforms.
5. Osaka-Kyoto-Kobe, Japan
- Rank: 5th regionally and 13th internationally
- Key net worth metrics: GDP, millionaire population
- Wealth determining factors: industrial activity, modern infrastructure
Osaka-Kyoto-Kobe is officially the second metropolitan area from Japan to be on the top 10 list of richest cities in Asia. Gathering a total GDP of approximately 795 billion USD, this city attracts global citizens mainly due to its unique landscape that blends economic vitality with historical and cultural appeal. As a growing wealth hub, there are about 112,200 millionaires living in the urban area.
6. Shanghai, China
- Rank: 6th regionally and 14th internationally
- Key net worth metrics: GDP, GDP per capita, disposable income
- Wealth determining factors: vast consumer market, free trade zone
Securing the 6th spot is Shanghai with a total GDP of around 657 billion USD and a GDP per capita reaching $26,000–which is 2.5 times higher than the national average. As a thriving commercial and financial hub, one person could earn a disposable income of about 11,000 USD in this metropolis. Although it has a relatively more complex regulatory environment compared to Hong Kong and Singapore, Shanghai remains a magnet for global business with a vast market access, manufacturing strengths, and free trade zone.
7. Dubai, United Arab Emirates (UAE)
- Rank: 7th regionally and 18th internationally
- Key net worth metrics: GDP, millionaire population,
- Wealth determining factors: favorable tax environment, flexible residency programs, world-class infrastructure, excellent global connectivity
Emerging as the wealthiest city in Western Asia as well as the 6th richest in the whole Asian region, Dubai scored a stupendous GDP figure of approximately 117 billion USD in 2023. Known as a tax-free haven with flexible residency schemes, Dubai continues to draw a big wave of wealthy individuals every year, with the largest net inflows of millionaires occurring in 2022. Right now, this city has about 20 billionaires, 81,200 millionaires, and 237 centimeters-millionaires.
8. Seoul, South Korea
- Rank: 8th regionally and 24th internationally
- Key net worth metrics: GDP per capita, metropolitan GDP, average income
- Wealth determining factors: foreign investment opportunities, dynamic business environment
Seoul City in South Korea has rapidly become one of the world’s top wealth hubs offering a high living standard for industry professionals. The metropolis’ abundance is well reflected from its immense metropolitan GDP of around 926 billion USD, GDP per capita of about 40,000 USD and a lucrative average annual income of $28,000.
Despite having a less favorable tax regime, opportunities for foreign investment are wide open, with several programs offered by the country such as the Real Estate Investment Residence and the Immigrant Investor Scheme for Public Business (IISPB)
9. Mumbai, India
- Rank: 9th regionally and 27th internationally
- Key net worth metrics: GDP, millionaire population
- Wealth determining factors: diverse economic activity, dynamic job market
Coming from the Southern part of Asia, Mumbai bagged a total GDP of roughly 400 billion USD, making it the 9th richest city in Asia this year. As described by Millionairematch.com, Mumbai is a city with a diverse economy, consisting of sectors like finance, manufacturing and entertainment. As of 2025, there are about 25 billionaires, 205 centi-millionaires, and 51,200 millionaires based in the city.
10. Shenzhen, China
- Rank: 10th regionally and 28th internationally
- Key net worth metrics: GDP, millionaire population
- Wealth determining factors: advanced infrastructure, favorable startup environment, high entrepreneurial vitality
In the span of 10 years, Shenzhen was able to successfully transform from a small fishing village to a world-renowned technology and innovation hub. Often referred to as “the Silicon Valley of China”, Shenzhen generated a huge GDP amount of 500 billion USD. As an urban center where tech-giants gather, Shenzhen gains a millionaire growth rate of 142% from 2014 to 2024, turning the city into a dwelling for about 50,800 millionaires.
With the global economic scene constantly changing, several Asian cities like Shenzen, and Mumbai that were once overlooked have now flourished dramatically and become the new anchor of Asia’s economy. Considering Asia’s growing economic significance, investors and entrepreneurs should keep a close eye on these cities' future development.
