In Pics | These cities are home to most millionaires

Here we take a look at the top 10 cities in the world that the most number of millionaires, according to a list released by Henley & Partners Group, a residency advisory firm.

New York tops the list with 3.5 lakh millionaires. Credit: Getty Images

Second on the list is Tokyo with 3 lakh millionaires. Credit: Reuters Photo

San Francisco Bay Area is third on the list with 2.76 lakh millionaires. Credit: Getty Images

London saw a decline of 9% and settled at the fourth position with 2.72 lakh millionaires. Credit: Reuters Photo

Singapore is the city with the fifth highest number of millionaires, according to a report by Henley & Partners Group, a residency advisory firm. The city-state is widely regarded as the world’s most business-friendly city. It is home to 2.49 lakh millionaires. Credit: Reuters Photo

Los Angeles - the world’s entertainment hub - ranks sixth on the list with 1.92 lakh millionaires. Credit: Wikipedia

Chicago is home to 1.6 lakh billionaires and ranks seventh on the list. Credit: Getty Images

Houston 1.32 lakh millionaires and secured the eighth position. Credit: AFP Photo

China's Beijing is ninth on the list. It has 1.31 lakh millionaires. Credit: AFP Photo

China’s financial center Shanghai rounds off the top ten list of 'cities with the most millionaires in the World' with 1.3 lakh millionaires. Credit: AFP Photo