The Global Wealth and Lifestyle Report 2025 by Julius Baer has revealed the world’s most expensive cities for high-net-worth individuals (HNWIs) — and for the third consecutive year, Singapore tops the list.
The rankings are based on the Julius Baer Lifestyle Index, which tracks the cost of 20 premium goods and services — including cars, jewelry, legal fees, and private education — across 25 global cities. The report also includes insights from 360 HNWIs with over $1 million in bankable assets.
1. Singapore
2. London
3. Hong Kong
4. Monaco
5. Zurich
6. Shanghai
7. Dubai
8. New York
9. Paris
10. Milan
Despite the rising costs, Singapore remains highly livable thanks to its safety, healthcare, and infrastructure — reinforcing its status as a global wealth hub.
From our vantage point in Mauritius, we don’t see our home on this list — and that’s not necessarily a drawback. It highlights untapped potential to attract internationally mobile wealth seeking a more cost-effective, stable, and strategic location.
As a payments provider, we see this as a unique opportunity: to enable seamless, secure, and intelligent cross-border payment infrastructure that supports the global lifestyles of modern HNWIs.
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