New York has emerged as the world’s richest city yet again and is home to 3,40,000 millionaires, 724 centi-millionaires, and 58 billionaires, as per the World’s Wealthiest Cities Report 2023
New York is also home to the world’s largest stock exchanges by market cap– the New York Stock Exchange (NYSE) and the Nasdaq.
New York also has some of the most exclusive residential streets globally including 5th Avenue in Manhattan. Prime apartment prices can exceed $27,000 per square meter on 5th Avenue in Manhattan
The Bay Area which includes San Francisco and Silicon Valley is the second American city to make it to the list
The Bay Area has 2,85,000 millionaires and 629 centi-millionaires. It also houses 63 billionaires. World’s top tech companies including Apple, Meta, Google (Alphabet), Twitter, Yahoo, LinkedIn, OpenAI, and Intel
Los Angeles, including Beverly Hills and Malibu, is home to 2,05,400 millionaires, 480 centi-millionaires and 42 billionaires. Major sectors are media, entertainment, real estate, tech, retail and transport
Over 1.29 lakh millionaires, 290 centi-millionaires and 32 billionaires reside in Hong Kong. The Hong Kong stock market is one of the world’s most important stock exchanges
China’s capital Beijing and its financial capital Shanghai have made it to the list. Beijing is home to 1,28,000 millionaires, 354 centi-millioniares, and 43 billionaires. Shanghai, on the other hand, is home to 1,27,200 millionaires, 332 centi-millionaires and 40 billionaires
Tokyo is also one rich city. It houses 2,90,300 millionaires, 250 centi-millionaires and 14 billionaires
Major companies located in Tokyo include the likes of Softbank, Sony, Hitachi, Honda, and Mitsubishi