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Growth of Hong Kong’s ultra-wealthy class outpaces super-rich rivals in 2025: Altrata
The city’s ultra-wealthy population jumped by more than 26 per cent in 2025 – roughly one super-rich individual for every 412 residents
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Hong Kong recorded the fastest growth rate in ultra-wealthy residents among the cities with the 10 largest super-rich populations, an expansion researchers attributed to an equity-market revival, real estate and investment reforms, and rising demand for wealth-management services.
The city’s headcount of ultra-high-net-worth (UHNW) individuals – defined as those with net assets exceeding US$30 million – expanded by more than a quarter in 2025 on a year-on-year basis, rising 26.4 per cent to nearly 18,300 according to Altrata.
This was the highest growth figure among the global top 10 as ranked by the New York-headquartered data company, and second only to Seoul among the top 12. The ultra-wealthy residents of South Korea’s capital registered a growth rate of 36.3 per cent, numbering 6,220 in 2025.
Altrata’s findings were unveiled in the 14th edition of its World Ultra Wealth Report, released on Tuesday.
In the city-based ranking of UHNW cohorts by absolute size, Hong Kong came in second behind New York, which had 23,785 residents meeting the standard, up 16.9 per cent from 2024. Los Angeles ranked third with 12,995.
“Hong Kong has experienced a recent resurgence in cross-border wealth inflows and its UHNW population expanded by a robust 26 per cent in 2025 – to 18,290 individuals,” Altrata said in the report.
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