It is quite difficult to determine which city is the richest on the planet, because different criteria can be taken as the basis for such a rating. For example, some companies take the criterion of dollar billionaires who live in the city, but do not take into account such key indicators as the value of real estate or the price of a consumer basket. Having examined several criteria, we find out in our review about the richest cities in the world.
10 richest cities in the world by number of billionaires
Let's start our list with the cities in which the largest number of dollar billionaires lives (according to early 2018).
1
Zurich. Switzerland. 100 billionaires
As you can see, when it comes to finances, not a single rating can do without the beautiful city of Switzerland. It has one of the highest standards of living, but at the same time it is the most expensive city in the world.
With a population of just under 400 thousand people, Zurich has long become an important economic and financial center, and leading banks and insurance companies have chosen it to host their headquarters.
Recall that on thebiggest.ru there is an article about the largest banks in the world.
2
New York. USA. 95 billionaires
The financial capital of the world, and one of the richest cities in the world, New York rightfully takes the second place in the number of billionaires living in it.
This is where the main financial flows flow, because it is not for nothing that many financiers call New York the capital of the world. In addition, it is the largest city in the United States of America.
3
Hong Kong. PRC 64 billionaire
The Special Administrative Center of China is the undisputed leader in the development and implementation of advanced technologies. Hong Kong is rightfully considered one of the leading financial capitals of the world.
It is not surprising that a large number of rich people of the planet live and conduct business in this city.
4
Singapore. 61 billionaire
Over the past 50 years, the city-state of Singapore has become a real ultra-modern metropolis, where large finances are flocking.
Entrepreneurs around the world are not averse to running their own business here, and over the past decades, the number of billionaires living in economically developed Singapore has increased significantly.
5
Beijing. 51 billionaire
The political, cultural and educational capital of China over the past decades has been gaining leading positions in terms of investment flowing here from different parts of the world.
China has long been a leader in terms of economic growth, which is why wealthy people in its capital are constantly increasing. Beijing with a population of ≈22 million people is the largest city in China.
6
London. England. 51 billionaire
In this European capital, it is difficult to calculate the number of billionaires, because by nature the British are a closed people. But according to the latest data, the number of billionaires here has long exceeded the mark of 50 people.
In addition, despite the expensive accommodation, many financial movers and industrialists prefer precisely London as a place of permanent residence.
7
Miami 50 billionaires
The capital of the US state of Florida has become a real elite club for the richest people on the planet. In addition, Miami has long been a financial center, where large financial savings are concentrated.
According to the latest statistics, about 50 dollar billionaires are constantly living in the city.
8
Shanghai. 50 billionaires
China rarely shares its secrets with someone, but loves to pay big bucks for the economic secrets and new technologies of other countries.
Shanghai has long become the economic and industrial center of China, and now still plays an important role in the global market. It is believed that a little more than 50 people live in the city itself, whose fortune is above a billion dollars.
9
Dubai UAE 41 billionaire
Luxurious in everything, the city of Dubai is the most important financial center of the United Arab Emirates and the Middle East. Over the past few decades, the city has played an important role on world exchanges, it is also located in the largest oil producing region. This explains why Dubai is the richest city.
It is difficult to calculate the number of rich people in this city, but according to the latest data, 41 people will live in Dubai, whose fortune exceeds $ 1 billion.
10
Paris. France. 24 billionaires
The largest tourist center of the world, the capital of high fashion and one of the main shopping centers in Europe, Paris can rightly be considered the most romantic city in the world.
But romance is not without financial support, and 24 billionaires live in the capital of France.
The richest cities in terms of GDP per capita
The methodology for determining the state’s GDP per capita may well be used to conduct a comparative analysis of cities. With its help, we will determine the top of the richest cities in the world.
1
Hartford. USA
The administrative capital of the US state of Connecticut was founded back in 1635, and the whole world is known for the town that Mark Twain lived and worked here.
According to the global ranking, it was Hartford that ranks first in the world in terms of gross domestic product per capita. For each inhabitant, this figure exceeds 75 thousand dollars, and this is the highest GDP in the world.
2
Oslo. Norway
Norway's largest city and capital is only slightly inferior to Hartford in terms of GDP per capita. This is natural, given that Oslo has one of the highest living standards.
For each resident of the capital of the Scandinavian country, $ 74,057 is necessary. But at the same time, as our website already wrote, Oslo is one of the most expensive cities in the world.
3
San jose USA
It is not surprising that in third place in the ranking is again a city located in one of the richest countries in the world, and San Jose is also located in the richest state of America.
San Jose’s GDP per capita is $ 68,141, and the bulk of the self-proclaimed capital of Silicon Valley comes from IT-related companies.
4
Abu Dhabi. UAE
Founded around 1760, the city is rapidly developing today and has become one of the most luxurious in the world. The city is home to 1,175,000 people, and GDP per capita is $ 63,859.
The main wealth is due to the fact that Abu Dhabi is a large financial and transport center, and a metropolis is located in the rapidly developing oil producing region.
The richest cities on a budget
Another criterion by which you can determine the wealth of the city is the budget. Naturally, the larger it is, the richer the city is considered, the more developed its economy and social infrastructure.
1
New York. $ 66 billion
Perhaps the richest and most powerful city on the planet, the city of New York for many years holds the first place in such an indicator as the city budget.
2
Moscow. $ 51 billion
Over the past ten years, Moscow has firmly established itself in the top ten richest cities in the world in terms of revenues to the city budget and the size of the municipal budget.
3
London. $ 26.6 billion
One of the financial capitals of the world also boasts a large city budget. No wonder London is considered the richest city in Europe.
4
Paris. $ 11.3 billion
Having learned to earn money from tourists, Paris can rightfully be proud of its city budget, which puts it in the ranking of the richest cities in the world. The rich city of France receives most of the money from tourists.
5
Los Angeles. $ 6.9 billion
The wealthy state and cities are rich. Los Angeles in this indicator is significantly inferior to New York, but ahead of all other metropolitan areas of the United States.
Interesting Facts
And in a boring business like finance, there may be some fascinating facts. We will go to different regions of the planet and find out what are the richest cities in different parts of the world.
- Dubai in terms of total GDP ranks first in the world. Large revenues come from firms and enterprises located in the city, as well as from prestigious sports events. A significant share in the GDP of the megalopolis located in Asia is invested by tourists.
- Considering the cities of Germany in terms of wealth, we can say that Munich is the absolute leader in terms of funds coming to the budget and the number of rich people.
- It is not surprising that Johannesburg is the richest in Africa, because South Africa is also one of the most economically developed countries on the African continent.
- Istanbul, not Ankara, is the richest city in Turkey, and the richest people live in the Besiktas region of a large Turkish city.
- Unexpectedly, according to surveys, residents of the republic named Shymkent the best for living in Kazakhstan. And the list, which included the richest cities in Kazakhstan, was headed by Astana.
- In Australia, Canberra is the leader in wealth, the largest city in the continent of Melbourne and the capital of Western Australia, the city of Perth, are slightly behind the capital.
- Not taking into account Moscow, the richest cities in Russia are St. Petersburg and Krasnodar. But in Siberia there are also many such cities, which include Tyumen, Krasnoyarsk, Novosibirsk.
The richest cities by GDP
In conclusion, a list of the richest cities in the world by GDP. This indicator consists of many factors. But as we will see below, only the largest megacities with more than 10 million inhabitants can enter this list. After all, this is quite logical - the more residents, the more the city earns.
- Dubai
- Tokyo
- New York
- Los Angeles
- Seoul
As you can see, adding all these indicators together, you can find out what is the richest city in the world. But there is one “but.” The presented criteria of magnitude are variable, and depending on many factors, they change annually and even monthly, but the list of rich cities, in its essence, remains constant. Only sometimes the largest megacities of the planet change places in multiple ratings related to finance.
Article author: Valery Skiba