Technology

The World’s Wealthiest Cities in 2025

Published

1 year ago

April 8, 2025

LONDON, April 8, 2025 /CNW/ — The US continues to dominate, with 11 cities on the Top 50 Cities for Millionaires list in the latest World’s Wealthiest Cities Report 2025 ranking, led by New York in 1st place with 384,500 high-net-worth individuals (including 818 resident centi-millionaires and 66 billionaires). According to the 4th edition of the annual report published by Henley & Partners and New World Wealth, the Bay Area (San Francisco and Silicon Valley), in 2nd place with 342,400 resident millionaires, is now home to more billionaires (82) than the Big Apple and continues to thrive as the epicenter of technological wealth creation, enjoying exceptional millionaire growth of 98% over the past decade.

Of the Top 50 cities, only Shenzhen (in 28th place, with 142% millionaire growth, and now home to 50,800 millionaires), Hangzhou (35th, with 108% growth and 32,200 millionaires), and Dubai (18th with 102%) grew faster than the Bay Area between 2014 and 2024. Dubai (now boasting 81,200 resident millionaires) also takes the prize for the biggest climber in the Top 50 over the past year, moving from 21st to 18th place. Seoul is the biggest faller, dropping to 24th place from 19th last year.

Tokyo solidifies its position in 3rd place with 292,300 millionaires, followed by Singapore in 4th place with 242,400 resident millionaires.

London and Moscow are the biggest losers

Los Angeles (220,600 millionaires, including 516 centis and 45 billionaires) has now overtaken London to claim the 5th spot, pushing the UK capital out of the Top 5 to 6th place with just 215,700 millionaires (including 352 centi-millionaires and 33 billionaires). London and Moscow (which ranks 40th, with 30,000 millionaires, including 178 centis and 23 billionaires) are the only two cities in the Top 50 that have recorded negative growth over the past decade, with their millionaire populations declining by -12% and -25%, respectively.

Paris (160,100 millionaires) clings onto 7th place, while Hong Kong (154,900 millionaires), now in 8th position, usurps Sydney (152,900 millionaires), pushing it down into 9th place. Chicago (127,100) leapfrogs over both Beijing (which drops two places from 10th to 12th, now with 114,300 millionaires) and Shanghai (down three places from 11th to 14th with 110,500 millionaires) to claim a place in the Top 10 for the first time. Lisbon (50th with 22,200 millionaires) makes its debut on the Top 50 list, with Auckland dropping off.

Fastest growing wealth hubs over the past decade

Besides Shenzhen, Hangzhou, and Dubai, other cities on the World’s Fastest Growing Wealth Hubs list which have more than doubled their resident millionaire populations over the past 10 years, include US cities Scottsdale (125% growth) and West Palm Beach (+112%) and the “Silicon Valley of India“, Bengaluru (+120%). Three other American cities — Miami (+94%) whose residents enjoy Florida’s low state taxes, the US capital Washington DC (+92%), and Austin (+90%), dubbed “Silicon Hills” — have also seen notably high growth between 2014 and 2024, as have Polish capital Warsaw (+83% in resident millionaires), Emirati capital Abu Dhabi (+80%), and Riyadh (+65%), the capital city of Saudi Arabia.

Centi city hotspots over the next decade

Looking beyond the established wealth centers, the report also benchmarks wealth in over 100 Centi-Millionaire Hotspots worldwide, with a special spotlight on cities with high growth potential over the next decade (2025 to 2035) to reveal the emerging new geography of super-wealth.

Dubai (currently home to 237 centis) and Abu Dhabi (75 resident centis) lead the pack, with both Emirati cities projected to see their centi-millionaire populations more than double over the next 10 years. Explosive 100%+ growth is also forecast for Delhi (125 centi-millionaires) and Bengaluru (43) in India, and Warsaw (32 centis) and Athens (42 centis) in Europe

Smaller cities providing targeted investment migration pathways, including St. Julian’s and Sliema in Malta (40 centis), Lugano in Switzerland (40 centis), and Latvia’s Riga & Jūrmala (11 centis), are all forecast to see 100%+ growth rates in their centi-millionaire populations by 2035. And while no African or Central American cities make it into the Top 50, George Town and Seven Mile Beach in the Cayman Islands (currently home to 40 centis), San José & Santa Ana (17 centis) in Costa Rica, St. George’s Parish (25 centis) and Hamilton Parish (22 centis) in Bermuda, Monterrey (10) in Mexico, Panama City (21 centis), South Africa’s Cape Town (34 centis), Morocco’s Marrakesh (14 centis), and Kenya’s Nairobi (10 centis) are all forecast to see +100% growth in their super-wealthy communities before 2035.

Monaco, where the average wealth exceeds USD 20 million, tops the World’s Most Expensive Cities list, with prime 100 to 200 m2 apartment prices regularly exceeding USD 38,800 per m2.

Read the full press release

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SOURCE Henley & Partners

Technology

Yon Raz-Fridman Joins Intrinsic Labs as Co-Founder and Partner

Published

2 hours ago

April 30, 2026

Most AI companies are selling software. Intrinsic is deploying AI workers into the core operations of mid-market companies – and just brought in a serial tech entrepreneur to help the firm scale across the Heartland.

COLUMBUS, Ohio, April 30, 2026 /PRNewswire/ — Intrinsic Labs today announced that Yon Raz-Fridman has joined the firm as a Co-Founder and Partner.

Raz-Fridman has spent nearly two decades building across software, hardware, and platform businesses. Early in his career, he served as Chief of Staff to the President of Keter Group, a $1 billion-plus global consumer products manufacturer. He went on to co-found Kano, the award-winning educational computing company, and later founded Supersocial, the immersive gaming studio acquired by Super League Enterprises in 2025. He is a member of the World Economic Forum’s Technology Convergence Council.

He joins Intrinsic at a moment when mid-market companies are moving from AI experimentation to deployment. Intrinsic works with operators in logistics, construction, insurance, manufacturing, and industrial markets to deploy AI workers into the workflows that run the business – increasing throughput, reducing manual work, and expanding capacity without adding headcount.

The firm has built its reputation on practical deployments tied to real operating metrics. In one engagement with a national real estate brokerage, Intrinsic’s AI Accounting Agents reached 97% invoice coding accuracy, automated 90% of the AP workflow, and fully removed FTEs from the review flow.

“Yon understands what it takes to build and scale in the real world,” said Jon Slemp, Managing Partner at Intrinsic Labs. “Our clients aren’t buying flashy agents, they’re buying outcomes and reliable labor. They need agentic systems that take work off their teams, perform reliably, and produce measurable gains in throughput and capacity. That’s what we build.”

As Co-Founder, Raz-Fridman will oversee Intrinsic’s expansion – designing the channel relationships, institutional partnerships, and market positioning that take the firm from a proven Ohio model to the defining AI workforce platform for America’s industrial middle market.

“The companies that win over the next decade will be the ones that figure out how to staff AI into their operations and manage it like a workforce. Intrinsic is doing that work now, inside real businesses, tied to real outputs. The Heartland is exactly the right place to prove this model, and Intrinsic is exactly the right team to do it.” — Yon Raz-Fridman

About Intrinsic Labs LLC
Intrinsic Labs helps mid-market companies deploy AI workers into the workflows that run their business. The firm focuses on logistics, construction, insurance, manufacturing, and industrial markets, where manual work, fragmented systems, and labor constraints create clear opportunities for leverage. Intrinsic works with clients to put AI workers into production, tie them to operating KPIs, and help teams scale output without scaling headcount. https://www.intrinsic-labs.ai/

About Team Yon LLC
Team Yon LLC is a management company founded by Yon Raz-Fridman that incubates new ventures, provides executive leadership, and makes strategic investments at the intersection of emerging technology and human advancement. Through Team Yon LLC, Raz-Fridman partners with founders and operators across healthcare, AI, and frontier technology – including his role as co-founder and Partner at Intrinsic Labs. https://teamyon.org

Media Contact:hello@intrinsic-labs.ai

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SOURCE Team Yon LLC

Technology

Wipfli to complete CompliancePoint transaction and add associates, expanding capabilities

Published

2 hours ago

April 30, 2026

MILWAUKEE, April 30, 2026 /PRNewswire/ — Wipfli, a top 25 national advisory and accounting firm, announced today it has entered into an agreement with CompliancePoint Inc., a provider of risk management services focused on information security, data privacy and regulatory compliance. 2 partners and 52 associates will join the firm as a result of the transaction.

Based in Duluth, Georgia, CompliancePoint brings specialization across cybersecurity, privacy and compliance, serving clients across a wide variety of industries. The addition strengthens Wipfli’s risk management offerings and expands its ability to help organizations navigate regulatory scrutiny, evolving cybersecurity threats and complex data protection requirements.

“Organizations today are under more pressure than ever to protect sensitive information and operate responsibly in an evolving regulatory environment,” said Kurt Gresens, CEO at Wipfli Advisory, LLC. “The team at CompliancePoint brings specialized experience and a strong, people-first approach that enhances how we support clients navigating today’s risk landscape.”

CompliancePoint has built its reputation on helping organizations manage risk across the full data lifecycle, with a holistic approach that recognizes how privacy, security and compliance intersect. The combined professional teams from CompliancePoint and Wipfli will deliver expanded, integrated advisory solutions designed to help clients proactively manage risk while supporting long-term growth and operational resilience.

“Wipfli shares our commitment to practical, client-focused solutions and long-term relationships,” said Greg Sparrow, CompliancePoint president. “Together, we’re expanding the resources available to our clients while continuing to deliver the specialized experience and trusted relationships they rely on.”

The addition of the CompliancePoint team also supports Wipfli’s continued investment in talent and innovation. CompliancePoint associates will join a national firm that emphasizes collaboration, professional development and meaningful client impact, while maintaining the specialized focus that has defined their work.

The transaction is expected to become effective on May 1st, 2026

About Wipfli

Wipfli is a leading national advisory and accounting firm with nearly 100 years of experience serving ambitious middle-market organizations. We understand our clients’ unique challenges and help them succeed on their terms through assurance, tax, advisory, outsourcing and technology services. With 3,000+ associates and global alliances, we combine national capabilities with local relationships. Wipfli operates under an alternative practice structure: Wipfli LLP, a licensed CPA firm, provides attest services, while Wipfli Advisory LLC, a non-CPA firm, delivers business advisory and non-attest services. Learn more at wipfli.com or contact Alicia O’Connell at alicia.oconnell@wipfli.com.

Media Contact

Alicia O’Connell
Wipfli
alicia.oconnell@wipfli.com

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SOURCE Wipfli

Technology

Ginkgo Bioworks Announces Date of First Quarter 2026 Results Presentation

Published

2 hours ago

April 30, 2026

Presentation and Q&A session scheduled for post-market on Thursday, May 7, 2026

BOSTON, April 30, 2026 /PRNewswire/ — Ginkgo Bioworks Holdings, Inc. (NYSE: DNA, “Ginkgo”) today announced that it plans to host a presentation and Q&A session reviewing business performance for the first quarter ended March 31, 2026, on Thursday, May 7, 2026, beginning at 4:30 p.m. ET.

The presentation details and webcast link will be available on Ginkgo’s investor relations website at https://investors.ginkgobioworks.com, and a replay will be made available.

To ask a question ahead of the presentation, please submit them to @Ginkgo on X (hashtag #GinkgoResults) or by sending an e-mail to investors@ginkgobioworks.com.

About Ginkgo Bioworks
Ginkgo Bioworks builds the tools that make biology easier to engineer for everyone. The company offers autonomous laboratories that replace manual laboratory work with robotics in the lab, greatly improving the productivity of scientists. Ginkgo’s in-house autonomous lab is also available as a “cloud lab” through our Datapoints and Solutions contract research services. For more information, visit ginkgobioworks.com and ginkgobiosecurity.com, read our blog, or follow us on social media channels such as X (@Ginkgo and @Ginkgo_Biosec), Instagram (@GinkgoBioworks), Threads (@GinkgoBioworks), or LinkedIn.

Ginkgo Bioworks Contacts:

INVESTOR CONTACT:

investors@ginkgobioworks.com

MEDIA CONTACT:

press@ginkgobioworks.com

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SOURCE Ginkgo Bioworks