Hong Kong ranks 8th in cities with centi-millionaires

The country has 320 residents with liquid investable assets of $779m.

Hong Kong ranks eighth globally in the list of cities with centi-millionaire, according to the Centi-Millionaire report 2024.

'Centi-millionaires' refers to individuals with liquid investable wealth of US$100m. Currently, the country has 320 centi-millionaires.uded in the list. Beijing sits in 5th worldwide with 347 centis, whilst Singapore follows closely in 6th place with 336. Shanghai comes in 7th place with 322 centi-millionaires.

Both Singapore and Hong Kong are forecasted to have high centi-millionaire growth rates of over 100% in the next decade and a half.

“Over 60% of centi-millionaires are entrepreneurs and company founders. This has a significant positive spillover effect on the middle class as they create large numbers of well-paying jobs,”  Andrew Amoils, New World Wealth’s Head of Research, said.

($1=US$0.13)