The number of Hong Kong “multimillionaires,” who have over HK$10 million in net assets including at least HK$1 million liquid assets, rose to about 395,000 in 2025, representing around 7 percent of local population aged 21-79 — or one in every 14, according to a Citi Hong Kong survey.
The Hong Kong Affluent Study 2025, which polled 2,600 residents including the general public and individuals with net assets of HK$10 million, said the number is 5,000 higher than last year.
The report also found that these multimillionaires had a median total net worth of HK$20.5 million and median liquid assets of HK$10 million.
The average age of them was 55, with men comprising 55 percent and women 47 percent.
Their wealth was split roughly evenly between liquid assets, accounting for 49 percent, and property at 51 percent. Half of their liquid assets were invested in financial products, while the remainder was held in cash or deposits.
The study showed Hong Kong millionaires accumulated their first HK$1 million at an average age of 34, with stocks and funds the primary investment tools at the time.
Their average age for purchasing a first home was 33.
Notably, among “emerging centimillionaires” — those with HK$50 million in median liquid asset value — 46 percent prioritized building transferable assets for intergenerational wealth.
The ratio was lower among individuals with HK$15 million or HK$6.5 million in median liquid assets, at 31 percent and 32 percent, respectively.
About 29 percent of emerging centimillionaires had already taken steps on succession planning, mainly through life insurance, used by 59 percent, and wills, at 53 percent.
Angela Shing, head of Wealth Continuum & Productivity at Citi Hong Kong, said the study points to a growing multimillionaires population and increasingly sophisticated strategies among the super-rich.
Their needs have expanded beyond traditional assets, she said, with stronger emphasis on active wealth management, diversified portfolios and long-term succession planning to secure the next generation’s financial future.
