West Palm Beach Is Becoming a Millionaire Magnet — Here’s Why

If you thought West Palm Beach was just about beaches and brunch, think again. According to Henley & Partners’ World’s Wealthiest Cities Report 2025, this sunny Florida gem ranks in the top 5 of the fastest-growing cities for global wealth, with a jaw-dropping 112% increase in millionaire residents over the past decade. Yep, you read that right.

So, what’s the secret sauce? For starters, low state taxes make Florida a no-brainer for high-net-worth individuals ditching places like New York and California. Then add in year-round sunshine, gorgeous real estate, and a growing crowd of investment fund managers, media moguls, and entertainment execs who now call it home.

For the full list of the world’s fastest growing wealth hubs, visit https://www.henleyglobal.com/publications/wealthiest-cities-2025/worlds-fastest-growing-wealth-hubs.

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