The concept of wealth is often associated with cities. By combining factors such as natural resources, strategic locations, and economic policy, some of the most prosperous and influential cities around the world are becoming increasingly prominent. These cities are not only centers for business, trade, and finance but also cultural and intellectual hubs that attract visitors from around the world. We are going to look at the world’s wealthiest cities in this article and find out why they make such an impact on today’s global economy. These cities offer a glimpse into the heights that civilization can attain, from New York’s skyline to Singapore’s buzzing capital city.

Here are the top 10 wealthiest cities in the world as of 2023:

1. New York City, United States 

New York is the world’s biggest city, with the most millionaires in 2023. Between 2012 and 2022, the city’s high net-worth individual population increased by 40 % to 340,000 people with a value of $1 million or more. In New York City, there are 724 centi-millionaires and 101 billionaires.

Did you know?

• With an estimated population of over 8 million, New York City is America’s most populated city.
• There are more than 800 languages in New York, which makes it the largest multilingual city in the world.
• The first capital of the U.S. was New York City, not Washington, D.C.
• There was the biggest gold stockpile in the world at New York City Federal Reserve Bank. The vault’s been 80 feet below the ground, holding over 7,000 tons of gold bars worth about $90 billion.
• Wall Street, home of the New York Stock Exchange and the financial center of the world, is located in Lower Manhattan.

2. Tokyo, Japan          

In terms of millionaires, Tokyo was the second richest city in the world after New York. The city’s high-net-worth-individual population grew by -5% between 2012 and 2022 to 290,300 people worth $1 million or more. In Tokyo, there are also 250 centi-millionaires and 14 billionaires.

Did you know?

• Tokyo, which has a population of over 37 million people, is the largest capital city in Japan.
• Tokyo has its own cuisine, which includes sushi, ramen, tempura, and soba noodles. Every year, Tokyo is visited by more than 14 million foreigners.
• Tokyo has more than 37 million residents, making it the most populated urban area in the world.
• Tokyo is considered to be one of the safest cities in the world, with very low crime rates and a very effective transport system.
•  Foreigners can shop here without paying taxes.

3. San Francisco Bay, United States 

There are many millionaires and billionaires in San Francisco Bay. It is the 3rd biggest city in the world, with the most millionaires. Between 2012 and 2022, the total number of people in this city with at least one million dollars net worth increased by 68% to 285,000 individuals. In San Francisco Bay, there are also 629 centi-millionaires and 63 billionaires.

Did you know?

• With 815,201 residents, San Francisco ranks as the 17th most populous city in the United States.
• San Francisco is among the most well-known cities in the United States. It’s known for its Silicon Valley, Beat poetry, and the Golden Gate Bridge.
• The San Francisco Bay Area, also called the “Bay Area,” covers a much wider region that also includes Silicon Valley, San Jose, and nine counties in California.
• Outside of Asia, San Francisco is home to the highest number of Asians.

4. London, UK    

London is the fourth wealthiest city in the world. The city’s high-net-worth-individual population grew by -15% between 2012 and 2022 to 258,000 people worth $1 million or more. There are also 384 centi -millionaires and 63 billionaires in London.

Did you know?

• In London, people speak more than 300 different languages.
• London was once the capital of six countries.
• London is among the oldest of the world’s great cities—its history spans nearly two millennia.

5. Singapore, Singapore  

Singapore is home to many wealthy individuals and businesses. The city’s high-net-worth-individual population grew by 40% between 2012 and 2022 to 240,100 people worth $1 million or more. There are also 329 centi -millionaires and 46 billionaires in Singapore. 

Did you know?

• Singapore is home to the world’s largest rooftop garden, which sits atop the Marina Bay Sands resort complex.
• Singapore has consistently been ranked among the best countries for ease of doing business and is one of the most advanced economies in terms of GDP per capita.
• Singapore has a strict code of conduct, including fines for littering, chewing gum, and jaywalking.

6. Los Angeles, United States    

Los Angeles is home to a large number of millionaires and billionaires, many of whom have made their fortunes in the entertainment industry. The city’s high-net-worth-individual population grew by 35% between 2012 and 2022 to 205,400 people worth $1 million or more. There are also 480 centi-millionaires and 42 billionaires in Los Angeles.

Did you know?

• Los Angeles is the second-largest city in the United States after New York City.
• The city is known for its film and television industry, with Hollywood being the center of the entertainment world.
• Los Angeles is renowned for having a multicultural population, with numerous ethnic neighborhoods like Koreatown, Little Tokyo, and Chinatown.

7. Hong Kong, Hong Kong SAR  

Hong Kong is home to many millionaires and billionaires due to its status as a major financial center and hub for international trade. The city’s high-net-worth-individual population grew by -27% between 2012 and 2022 to 129,500 people worth $1 million or more. There are also 290 centi-millionaires and 32 billionaires in Hong Kong.

Did you know?

• Hong Kong is well known for its skyline, which features many tall skyscrapers and impressive buildings.
• Despite its small size (just over 1,100 square kilometers), Hong Kong has a thriving economy and is home to many international companies.
• There are more than 7.4 million people living within its borders, making Hong Kong among the most densely populated cities in the world.

8. Beijing, China           

Beijing is one of the wealthiest cities in China, and it has a high GDP per capita compared to other Chinese cities. The city’s high-net-worth-individual population grew by 70% between 2012 and 2022 to 128,200 people worth $1 million or more. There are also 354 centi-millionaires and 68 billionaires in Beijing.

Did you know?

• Beijing is the capital city of China and has a population of over 21.84 million people.
• In recent years, Beijing has become a major center for technology and innovation, with many startups and tech giants headquartered in the city.
• Beijing is known for its cuisine, which includes dishes such as Peking duck, dumplings, and hot pot.

9. Shanghai, China  

There are numerous millionaires and billionaires in Shanghai, reflecting the city’s position as one of the wealthiest and most dynamic economic centers in China and the world. The city’s high-net-worth-individual population grew by 72% between 2012 and 2022 to 127,200 people worth $1 million or more. There are also 332 centi-millionaires and 65 billionaires in Beijing.

Did you know?

• With a population of more than 24.76 million, Shanghai is the most populous city in China. 
• Shanghai is home to the world’s fastest train, the Maglev, which can reach speeds of up to 430 km/h (268 mph).   
• The city was originally a fishing village until the mid-19th century, when it became an important center of trade due to its location on the Yangtze River delta.

10. Sydney, Australia          

Sydney is one of the wealthiest cities in the world, and it has a high concentration of millionaires and billionaires. The city’s high-net-worth-individual population grew by 35% between 2012 and 2022 to 126,900 people worth $1 million or more. There are also 184 centi-millionaires and 15 billionaires in Sydney.

Did you know?

• Sydney is the biggest city in Australia and the capital of New South Wales. The population of the city is over 5 million people.
• Sydney is home to famous landmarks such as the Sydney Opera House, Harbour Bridge, and Bondi Beach.
• Sydney is a multicultural city with residents from over 180 different countries.

Here is a list of the wealthiest cities in the world, According to Henley & Partners:

In conclusion, the world’s richest cities are also economic and cultural powerhouses that shape today’s global landscape.

Read More: Richest People in the World 2023