Around the globe, many cities are renowned for their prosperity, offering vibrant business environments and luxurious lifestyles. However, which city truly stands as the pinnacle of wealth? According to a recent study, New York City has claimed the title of the richest city in the world.
“The Big Apple is the financial center of the USA, and the wealthiest city in the world by several measures,” states a report by Henley & Partners, which analyzed numerous factors to rank the wealthiest cities globally. The report highlights New York’s iconic Fifth Avenue in Manhattan, noted for its exclusivity, and emphasizes that the city is home to the two largest stock exchanges by market capitalization: the NYSE and Nasdaq. The combined wealth of New York City’s residents surpasses $3 trillion, a figure that exceeds the total wealth of many major G20 countries.
The study reveals that New York City is home to nearly 350,000 millionaires, representing a staggering 48% growth over the past decade. Additionally, the city boasts 744 centi-millionaires—individuals with a net worth exceeding $100 million—and 60 billionaires. These statistics underscore New York’s status as a magnet for wealth and high-net-worth individuals.
In addition to New York, other U.S. cities featured prominently in the top 10 list of the world’s richest cities, including the San Francisco Bay Area and Los Angeles. The full ranking by Henley & Partners is as follows:
- New York
- The Bay Area
- Tokyo
- Singapore
- London
- Los Angeles
- Paris
- Sydney
- Hong Kong
- Beijing
This list showcases the global distribution of wealth and the influence of cities that serve as financial powerhouses, innovation hubs, and cultural epicenters.
