Recent global wealth data highlight Milan as one of the most striking cities in the world for the concentration of personal wealth, especially when measured against population size. As of early 2026, the city counts around 115,000 residents with liquid assets of at least $1 million, excluding real estate and non-financial holdings.
With a resident population of roughly 1.4 million people, this means there is about one millionaire for every 12 inhabitants. That ratio places Milan ahead of many long-established financial capitals. By comparison, New York City, despite hosting a far larger number of wealthy individuals overall, has roughly one millionaire for every 22 residents. London’s ratio is even lower, at about one per 41 people, while Rome records one per 54.
