Today in this article we will give the list of the top 10 richest cities in the world and small information about them. The world’s most prosperous cities have been identified by analyzing the growth of the millionaire population, according to a study by Joe Henley & Partners. The report studied the spending patterns of over 150,000 high-net-worth individuals (HNWIs) from 97 cities across the world. Where the primary emphasis was on individuals holding positions like chairperson, founder, CEO, and directors.
The report is more important for those tracking individual wealth and wealth migration trends, as it highlights the world’s most prosperous and fastest-growing cities, which are home to large numbers of millionaires and billionaires.
Largest metropolitan areas by GDP
Tokyo is the largest metropolitan area in terms of GDP (~US$2.1 trillion). New York is the second largest metropolitan area by GDP (~US$1.9 trillion). Los Angeles is the third largest metropolitan area by GDP (~US$1.1 trillion).
List of top 10 richest cities in the world
Top 10 richest cities in the world
New York City, United States
With 340,000 millionaires, 724 millionaires, and 58 billionaires, New York City ranks highest as the richest city in the world. It is home to iconic locations such as 5th Avenue in Manhattan and financial centers such as Wall Street.
Tokyo, Japan
Tokyo has 14 billionaires, 290,300 millionaires, and 250 millionaires. Major corporations such as Hitachi, Mitsubishi, and Honda call Tokyo their headquarters, which contributes to its evenly distributed wealth.
San Francisco Bay Area, USA
Located in the heart of Silicon Valley, the San Francisco Bay Area is home to tech giants like Cisco, Apple, Meta (Facebook), Google (Alphabet) and Intel. There are approximately 285,000 millionaires, 629 millionaires, and 63 billionaires.
London, UK
London is a global financial center with 258,000 millionaires, 384 centi-millionaires and 36 billionaires. It is home to exclusive residential neighborhoods such as Belgravia, Hampstead, Chelsea, Knightsbridge, and Mayfair.
Singapore
Singapore’s business-friendly environment attracts high-net-worth individuals, with about 2,800 people expected to move there in 2022 alone. Currently, it has 240,100 millionaires, 329 millionaires and 27 billionaires.
Los Angeles, USA
Los Angeles is a major center for media, entertainment, retail, and technology. It includes affluent areas like Beverly Hills and Malibu and is home to 480 millionaires and 42 billionaires.
Hong Kong, China
A global financial center, Hong Kong has 129,500 millionaires, 290 millionaires and 32 billionaires. Its prosperity is reflected in its iconic skyline and thriving economy.
Beijing, China
Beijing is one of the Asian cities with 43 billionaires and 354 centi-millionaires. It is home to some of the world’s largest companies, which contributes to its economic strength.
Shanghai, China
Shanghai has experienced remarkable growth, with a 72% increase in high-net-worth individuals from 2012 to 2022. There are approximately 127,200 millionaires, 332 centi-millionaires, and 40 billionaires.
Sydney, Australia
Australia’s iconic metropolis Sydney secures its place among the world’s elite with 126,900 millionaires, 184 millionaires, and 15 billionaires. Its prosperity is evident in its vibrant lifestyle and high-end amenities.
FaQs richest cities in the world
In which city most billionaires live?
New York City topped the list with 136 billionaires in 2022. The city’s uber-rich population lost two people from 2021 to 2022, but it’s still the global billionaire capital.
Is Dubai richest country in world?
The UAE is a federation of emirates, with Dubai being one of them. While the UAE is known for its abundant natural resources, luxurious lifestyle, tax-free salaries, and low corporate tax rate, it is not among the world’s richest countries.
Which is the richest country?
As of 3rd September 2023, the United States of America (USA) stands in the first position on the list of Richest Countries in the world with a GDP of $26,854 B. A nation’s prosperity is often measured by its Gross Domestic Product (GDP), which assesses the total value of goods and services produced within its boundaries.
Which is poorest city in India?
According to the Global Multidimensional Poverty Index (MPI) 2022, the poorest North Indian city in India is Dhanbad in the state of Jharkhand. The MPI is a composite measure of poverty that takes into account multiple dimensions of deprivation, including education, health, and living standards.
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