Citibank survey report: By 2025, the number of millionaires in Hong Kong will reach 395,000, an increase of 5,000 compared to the previous year.

According to the latest "Hong Kong Millionaire Survey Report 2025" by Citibank Hong Kong, the number of millionaires in Hong Kong in 2025 reached 395,000, an increase of 5,000 from the previous year, accounting for about 7% of the local population aged 21 to 79. Citibank defines individuals with a net worth of over 10 million Hong Kong dollars (including self-occupied properties but excluding mortgage loans) and at least 1 million Hong Kong dollars in liquidassets as "millionaires". The survey was conducted by Citibank from December 2024 to January 2025, as well as from August to October 2025, interviewing 2,600 Hong Kong residents aged between 21 and 79. The survey shows that the average age of millionaires is 55, with 55% male and 47% female; the median net worth is 20.5 million Hong Kong dollars, and the median liquid assets is 10 million Hong Kong dollars. Citibank states that the wealth distribution of these millionaires is relatively balanced, with liquid assets accounting for 49% and properties accounting for 51% of their total assets. In terms of liquid assets, investments and cash and deposits each account for half; on average, millionaires earn their "first pot of gold" at the age of 34, accumulating 1 million Hong Kong dollars in assets, with a primary focus on investing in stocks and funds at that time; the average age of home ownership is 33. Cindy Cheng, Head of Client Strategy and Sales Management at Citibank Hong Kong, stated that as the number of millionaires increases, the super-rich are adopting more sophisticated strategies in investment and intergenerational wealth transfer. The demand for wealth management has surpassed traditional assets towards active management and diversified allocation, with a greater emphasis on wealth inheritance planning to secure the financial future of the next generation.