Home to some of the most expensive suburbs in the world, the report noted Sydney had seen a particularly strong influx of wealthy people calling the harbour city home, over the past 20 years.
It is projected to become one of the world’s top five richest cities by 2040.
Sydney was the only Australian city listed in a top 10 dominated by American and Chinese cities.
Melbourne was Australia’s next city to make the list, coming in at 17th with 96,000 millionaires residing in the city.
Perth (33,900) and Brisbane (31,900) were listed at 32 and 33 respectively.
TOP 10 WEALTHIEST CITIES:
New York – 340,000
Tokyo – 290,300
The Bay Area – 285,000
London – 258,000
Singapore – 240,100
Los Angeles – 205,400
Hong Kong – 129,500
Beijing – 128,200
Shanghai – 127,200
Sydney – 126,900
The full report can be viewed here.
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