October 22, 2024 | 08:24 pm
TEMPO.CO, Jakarta - When it comes to the richest cities in the world, several urban centers stand out for being economic and technology hubs, as well as millionaires with a thriving standard of living. New York City tops the list of wealthiest cities globally with over 340,000 millionaires.
Citing Forbes and Henley & Partners, let's take a closer look at the world's richest cities, where wealth meets innovation and opportunity.
1. New York City, New York
Millionaires: 349,500
Centi-millionaires: 744
Billionaires: 60
Known as the financial capital of the world, New York City consistently ranks as the world's wealthiest city. The city's total wealth exceeds that of most major G20 countries.
2. The Bay Area, California
Millionaires: 305,700
Centi-millionaires: 675
Billionaires: 68
In more than a decade, the Bay Area's millionaire population has grown by 82%. It is the second wealthiest city in the world as it hosts numerous tech giants and startups.
3. Tokyo, Japan
Millionaires: 298,300
Centi-millionaires: 267
Billionaires: 14
As one of the largest cities in the world, Tokyo serves as a hub for global trade. The city's economy is supported by a financial, manufacturing, and technology landscape, as well as highly educated human resources.
4. Singapore
Millionaires: 244,800
Centi-millionaires: 336
Billionaires: 30
Singapore's strategic location positions it as a major global financial center. Coupled with its stable politics, the city-state is fostering rapid economic growth through robust investment and a thriving manufacturing sector.
5. London, the United Kingdom
Millionaires: 227,000
Centi-millionaires: 370
Billionaires: 35
London is a leading global city with a rich history and vibrant cultural scene. A major financial and cultural center, it is home to the London Stock Exchange and many multinational corporations.
6. Los Angeles, California
Millionaires: 212,100
Centi-millionaires: 496
Billionaires: 43
Known for its entertainment industry, Los Angeles is the heart of Hollywood and a major player in technology and fashion. The city's creative economy, combined with its beautiful climate and lifestyle, make it an inviting home for the wealthy.
7. Paris, France
Millionaires: 165,000
Centi-millionaires: 286
Billionaires: 23
The City of Light is not only a cultural and artistic hub, but also a major economic center as it is one of the most visited cities in the world. Paris is home to numerous luxury brands, making it a focal point for high-net-worth individuals.
8. Sydney, Australia
Millionaires: 147,000
Centi-millionaires: 205
Billionaires: 20
As a major financial center in the Asia-Pacific region, Sydney attracts significant domestic and international investment. Currently ranked eighth, the city has seen a remarkable 34% increase, underscoring its growing economic importance.
9. Hong Kong, Special Administrative Region of China
Millionaires: 143,400
Centi-millionaires: 320
Billionaires: 35
Historically, Hong Kong has been a vital hub for trade due to its strategic location. Its free-market economy further enhances its appeal, allowing companies to participate in Hong Kong's business-friendly environment.
10. Beijing, China
Millionaires: 125,600
Centi-millionaires: 347
Billionaires: 42
With a growth rate of 90%, Beijing debuts in the top ten wealthiest cities in the world. As the capital of China, Beijing's economy is driven by tourism, electronics, and chemicals, making it a magnet for wealth and talent.
Forbes | Henley Global
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