Hong Kong Ranks Third Globally as Philanthropy Hub After New York, Seoul

Altrata’s inaugural Giving Opportunity Index assessed 100 cities through three measures: wealth, donor affinity and philanthropic infrastructure.

The US-based group, which tracks the world’s affluent population, placed Hong Kong third among cities where wealthy individuals are seeking to make philanthropic contributions over the medium term.

Only New York and Seoul ranked ahead of Hong Kong in the study.

What the index measures

The ranking considers more than the concentration of wealth in a city.

It also evaluates donor affinity and the strength of philanthropic infrastructure, placing Hong Kong’s position in the context of how wealth and organised giving come together.

The report highlights Hong Kong’s wealth infrastructure and its growing culture of structured giving.

Altrata defined the “global wealthy” as individuals with a net worth of more than US$5 million.

The report used a separate definition for “donors”: wealthy individuals who made at least one donation of US$1,000 or more between 2015 and 2025.

That threshold and period formed part of the report’s framework for identifying donors.

Hong Kong’s third-place ranking therefore reflects the study’s assessment of wealth, willingness to give and the infrastructure supporting philanthropy.

Source: South China Morning Post