New York city has emerged as the biggest millionaire hotspot, with over 340,000 people having a net worth of over $1 million.&nbsp;

The Wealthiest Cities Report 2023 by Henley &amp; Partners noted that the most-populous US city&nbsp;has seen a 40 percent rise in High Net Worth Individuals (HNWIs) in the last decade.&nbsp;

A&nbsp;person with a total net worth of over $1 million comes under the category of High Net Worth Individuals (HNWIs).&nbsp;

However, it is San Francisco Bay Area on the US West Coast&nbsp;that has the most billionaires in the world - 63. The&nbsp;city also has the second-most number of millionaires in the United States at 285,000. Another US city, Los Angeles, comes in sixth place, with over 205,000 HNWIs.&nbsp;

Japan's capital Tokyo is second in the list with 290,300 HNWIs, while London and Singapore occupy the fourth and fifth position respectively.&nbsp;

Three cities from China are ranked in the top 10. Hong Kong, a Special Administrative Region of China, is seventh (129,500 HNWIs), China's capital Beijing is eighth (128,200 HNWIs), while Shanghai is in the ninth position (127,200 HNWIs).&nbsp;

Australia's Sydney is tenth on the list, with 126,900 HNWIs living within its city limits. The city is also expected to be among the five wealthiest cities in the world by 2040, the report said.&nbsp;

The report covers 97 cities across nine regions worldwide and includes most of the world’s top wealth hubs.

Interestingly, seven cities are in countries actively welcoming Foreign Direct Investment in return for residence or citizenship rights. These countries are the United States, Hong Kong, Singapore, Australia and United Kingdom.&nbsp;

The growing economic rivalry between the US and China can also be seen in this list, as both countries also have three cities each in the 10 fastest growing millionaire hotspots.&nbsp;

At 105 percent, Hangzhou, a city in eastern China, has seen the highest growth in HNWIs since 2012. High-tech capital, Shenzhen, and the port city of Guangzhou have also enjoyed significant rise in HNWIs since 2012, at 98 percent and 86 percent, respectively.&nbsp;

The three fastest growing millionaire hotspots in the US are Austin (102 percent growth in resident HNWIs), West Palm Beach (90 percent), and Scottsdale (88 percent).&nbsp;

On a per-capita basis, Monaco, the tiny city-state in Europe, is the wealthiest in the world. According to the report, the average wealth of a person living in Monaco exceeds $10 million.&nbsp;

Five Indian cities find a place in this year's rankings.

Mumbai is in&nbsp;the 21st position, with over 59,000 HNWIs. India's financial capital&nbsp;is also the top ranked Indian city in the list. Delhi, ranked 36th, is home to nearly 30,000 millionaires. India's capital city is followed by Bengaluru, Kolkata and Hyderabad.&nbsp;

The report noted that two southern Indian cities -- Bengaluru (88 percent) and Hyderabad (78 percent) -- have been among the 10 fastest growing millionaire hubs&nbsp;in the last decade.&nbsp;

New York city has emerged as the biggest millionaire hotspot, with over 340,000 people having a net worth of over $1 million. The Wealthiest Cities Report 2023 by Henley & Partners noted that the most-populous US city has seen a 40 percent rise in High Net Worth Individuals (HNWIs) in the last decade.

New York city has emerged as the biggest millionaire hotspot, with over 340,000 people having a net worth of over $1 million. The Wealthiest Cities Report 2023 by Henley & Partners noted that the most-populous US city has seen a 40 percent rise in High Net Worth Individuals (HNWIs) in the last decade. A person with a total net worth of over $1 million comes under the category of High Net Worth Individuals (HNWIs). However, it is San Francisco Bay Area on the US West Coast that has the most billionaires in the world - 63. The city also has the second-most number of millionaires in the United States at 285,000. Another US city, Los Angeles, comes in sixth place, with over 205,000 HNWIs. Japan's capital Tokyo is second in the list with 290,300 HNWIs, while London and Singapore occupy the fourth and fifth position respectively. Three cities from China are ranked in the top 10. Hong Kong, a Special Administrative Region of China, is seventh (129,500 HNWIs), China's capital Beijing is eighth (128,200 HNWIs), while Shanghai is in the ninth position (127,200 HNWIs). Australia's Sydney is tenth on the list, with 126,900 HNWIs living within its city limits. The city is also expected to be among the five wealthiest cities in the world by 2040, the report said. The report covers 97 cities across nine regions worldwide and includes most of the world’s top wealth hubs. Interestingly, seven cities are in countries actively welcoming Foreign Direct Investment in return for residence or citizenship rights. These countries are the United States, Hong Kong, Singapore, Australia and United Kingdom. The growing economic rivalry between the US and China can also be seen in this list, as both countries also have three cities each in the 10 fastest growing millionaire hotspots. At 105 percent, Hangzhou, a city in eastern China, has seen the highest growth in HNWIs since 2012. High-tech capital, Shenzhen, and the port city of Guangzhou have also enjoyed significant rise in HNWIs since 2012, at 98 percent and 86 percent, respectively. The three fastest growing millionaire hotspots in the US are Austin (102 percent growth in resident HNWIs), West Palm Beach (90 percent), and Scottsdale (88 percent). On a per-capita basis, Monaco, the tiny city-state in Europe, is the wealthiest in the world. According to the report, the average wealth of a person living in Monaco exceeds $10 million. Five Indian cities find a place in this year's rankings. Mumbai is in the 21st position, with over 59,000 HNWIs. India's financial capital is also the top ranked Indian city in the list. Delhi, ranked 36th, is home to nearly 30,000 millionaires. India's capital city is followed by Bengaluru, Kolkata and Hyderabad. The report noted that two southern Indian cities -- Bengaluru (88 percent) and Hyderabad (78 percent) -- have been among the 10 fastest growing millionaire hubs in the last decade.

New York is world's wealthiest city, Mumbai top ranked Indian metro: Report

The Henley Passport Index for this year was released recently in which countries all around were ranked according to the performance of their respective passports. Japan topped the list with top rank for the fifth consecutive year and India ranked 85th out of 199 countries. Syria, Iraq and Afghanistan were at the lowest rankings in the Henley Passport Index.&nbsp;

The London-based global citizenship and residence advice firm Henley &amp; Partners issues the Henley Passport Index every year and for the year 2023, they have taken the data from International Air Transport Association (IATA) to make the list.&nbsp;

According to Henley Passport Index 2023, Indian passports have access to travel visa-free to 59 countries.&nbsp; 
The index said, "The index includes 199 passports and 227 travel destinations, giving users the most extensive and reliable information about their global access and mobility". Each passport is scored on the total number of destinations that the holder can access visa-free, it said.

As per Henley Passport power scores, only 6 per cent of the world's countries gives you access to more than 70 per cent of the global economy. And only 17 per cent of the countries grant you visa-free access to more than four-fifths of the world's 227 destinations.&nbsp;

<h2>Henley Passport Index 2023: Top 10 most powerful passports of the world</h2>

1. Japan- visa-free score: 193

2. Singapore and South Korea- visa-free score: 192&nbsp;

3. Germany and Spain- visa-free score: 190&nbsp;

4. Finland, Italy and Luxembourg- visa-free score: 189&nbsp;

5.&nbsp; Austria, Denmark, Netherlands and Sweden- visa-free score: 188

6. France, Ireland, Portugal and the United Kingdom- visa-free score: 187

7. Belgium, Czech Republic, New Zealand, Norway, Switzerland and the United States- visa-free score: 186&nbsp;

8. Australia, Canada, Greece and Malta- visa-free score: 185

9. Hungary and Poland- visa-free score: 184&nbsp;

10. Lithuania and Slovakia- visa-free score: 183

<h2>Henley Passport Index 2023: Performance of Indian passport&nbsp;</h2>

India ranked 85th in the world's most powerful passport index in 2023 and gives visa-free entry to 59 countries worldwide. Earlier in 2019, 2020, 2021 and 2022, the country ranked at 82nd, 84th, 85th and 83rd respectively.&nbsp;
<img alt="Indian passport ranking over the years " data-align="center" data-entity-type="file" data-entity-uuid="7e72831b-3c7d-4370-bbd4-96ab3feab698" src="//cdn.wionews.com/sites/default/files/inline-images/Untitled%20design%20-%202023-01-19T153253.022.png" />
Indian passport holders can travel visa-free to more than 50 destinations that include:

Countries in Oceania with visa-on-arrival for Indians

Cook Islands

Fiji

Marshall Islands&nbsp;

Micronesia

Niue

Palau Islands&nbsp;

Samoa&nbsp;

Tuvalu&nbsp;

Vanuatu

Middle eastern countries offering visa-free trips to Indians

Iran&nbsp;

Jordan&nbsp;

Oman

Qatar

Visa on arrival for Indians in Europe and the Caribbean&nbsp;

Albania

Barbados

British Virgin Islands

Dominica

Grenada

Haiti

Jamaica

Montserrat

St. Kitts and Nevis

St. Lucia&nbsp;

St. Vincent and the Grenadines

Trinidad and Tobago

Travel visa-free in these Asian countries

Bhutan

Cambodia&nbsp;

Indonesia

Laos&nbsp;

Macao (SAR China)

Maldives&nbsp;

Myanmar&nbsp;

Nepal

Sri Lanka&nbsp;

Thailand&nbsp;

Timor-Leste&nbsp;

American countries where Indians can travel without the hassle

Bolivia&nbsp;

El Salvador

Countries in Africa offering visa-on-arrival for Indians

Botswana&nbsp;

Burundi&nbsp;

Cape Verde Islands&nbsp;

Comoro Islands&nbsp;

Ethiopia&nbsp;

Gabon&nbsp;

Guinea-Bissau&nbsp;

Madagascar&nbsp;

Mauritania&nbsp;

Mauritius

Mozambique&nbsp;

Rwanda&nbsp;

Senegal

Seychelles&nbsp;

Sierra Leone&nbsp;

Somalia&nbsp;

Tanzania&nbsp;

Togo&nbsp;

Tunisia

Uganda&nbsp;

Zimbabwe&nbsp;

The Henley Passport Index for this year was released recently in which countries all around were ranked according to the performance of their respective passports.

The Henley Passport Index for this year was released recently in which countries all around were ranked according to the performance of their respective passports. Japan topped the list with top rank for the fifth consecutive year and India ranked 85th out of 199 countries. Syria, Iraq and Afghanistan were at the lowest rankings in the Henley Passport Index. The London-based global citizenship and residence advice firm Henley & Partners issues the Henley Passport Index every year and for the year 2023, they have taken the data from International Air Transport Association (IATA) to make the list. According to Henley Passport Index 2023, Indian passports have access to travel visa-free to 59 countries. The index said, "The index includes 199 passports and 227 travel destinations, giving users the most extensive and reliable information about their global access and mobility". Each passport is scored on the total number of destinations that the holder can access visa-free, it said. As per Henley Passport power scores, only 6 per cent of the world's countries gives you access to more than 70 per cent of the global economy. And only 17 per cent of the countries grant you visa-free access to more than four-fifths of the world's 227 destinations. Henley Passport Index 2023: Top 10 most powerful passports of the world 1. Japan- visa-free score: 193 2. Singapore and South Korea- visa-free score: 192 3. Germany and Spain- visa-free score: 190 4. Finland, Italy and Luxembourg- visa-free score: 189 5. Austria, Denmark, Netherlands and Sweden- visa-free score: 188 6. France, Ireland, Portugal and the United Kingdom- visa-free score: 187 7. Belgium, Czech Republic, New Zealand, Norway, Switzerland and the United States- visa-free score: 186 8. Australia, Canada, Greece and Malta- visa-free score: 185 9. Hungary and Poland- visa-free score: 184 10. Lithuania and Slovakia- visa-free score: 183 Henley Passport Index 2023: Performance of Indian passport India ranked 85th in the world's most powerful passport index in 2023 and gives visa-free entry to 59 countries worldwide. Earlier in 2019, 2020, 2021 and 2022, the country ranked at 82nd, 84th, 85th and 83rd respectively. Indian passport holders can travel visa-free to more than 50 destinations that include: Countries in Oceania with visa-on-arrival for Indians Cook Islands Fiji Marshall Islands Micronesia Niue Palau Islands Samoa Tuvalu Vanuatu Middle eastern countries offering visa-free trips to Indians Iran Jordan Oman Qatar Visa on arrival for Indians in Europe and the Caribbean Albania Barbados British Virgin Islands Dominica Grenada Haiti Jamaica Montserrat St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Trinidad and Tobago Travel visa-free in these Asian countries Bhutan Cambodia Indonesia Laos Macao (SAR China) Maldives Myanmar Nepal Sri Lanka Thailand Timor-Leste American countries where Indians can travel without the hassle Bolivia El Salvador Countries in Africa offering visa-on-arrival for Indians Botswana Burundi Cape Verde Islands Comoro Islands Ethiopia Gabon Guinea-Bissau Madagascar Mauritania Mauritius Mozambique Rwanda Senegal Seychelles Sierra Leone Somalia Tanzania Togo Tunisia Uganda Zimbabwe

Henley World's Strongest Passports List 2023: Check full list of countries where Indians can travel visa-free

The global gap in travel freedom is at its widest point ever. Residence and citizenship planning firm Henley & Partners, has ranked all passports according to the number of destinations their holders can access without a prior visa. Japan and Singapore are at the top of the Henley Passport Index with both countries having a visa-free score of 192.

Japan and Singapore top Henley Passport Index with a visa-free score of 192

henley-partners

Henley & Partners, News on Henley & Partners, stories on Henley & Partners, articles on Henley & Partners, Henley & Partners stories at Wion, Henley & Partners news, Henley & Partners latest news

henley partners

New York is world's wealthiest city, Mumbai top ranked Indian metro: Report

Henley World's Strongest Passports List 2023: Check full list of countries where Indians can travel visa-free

Japan and Singapore top Henley Passport Index with a visa-free score of 192