Top Richest Cities With the Most Money 2023…
Because of their superior leadership and technological prowess, wealthy nations continue to prosper. Less fortunate nations would still develop and keep up with other countries in the future if affluent nations supported poorer ones. The top 20 wealthiest cities worldwide are listed below.
The finest commercial city in mainland China, according to Forbes, was this country’s richest metropolis for three years running from 2013 to 2015. According to the Hurun Global Rich List 2020, this nation ranks 5th in China in terms of the number of billionaires and 10th overall for the richest city in the globe. Because of the advanced manufacturing companies in the Pearl River Delta and the thriving cities like Shenzhen, this richest province in China is frequently referred to as the economic engine of the nation. Although its rural-urban split is substantial, its gross domestic product last year was about comparable to that of Russia.
2. San Francisco
San Francisco is the home base for the founders of Uber planning, Airbnb, and Pinterest, and it is the epicenter of the American technological revolution. The region has become the most expensive city in the US as a result of the entry of digital-age businesses. With San Francisco and surrounding cities included, the Bay Area as a whole has 82 billionaires, which is still fewer than New York. One escapee is PayPal co-founder and Trump supporter Peter Thiel, who relocated to Los Angeles in 2018 allegedly in search of a city with a more diverse political population. 42 billionaires with a $109.2 billion total net worth.
The deep-dish pizza, a delicacy rarely available elsewhere, is also made there. But there’s more to America’s richest metropolis than basketball and Italian food. The history of the city dates back to the time when Native Americans called the Windy City home. Since Chicago’s contemporary founding in 1833, the city has only expanded, and it is still growing now. Manufacturing, printing, and publishing are the current industries found in Chicago. $524.6 billion in GDP.
4. Los Angeles
The glamorous and opulent city of Los Angeles, also known as the “City of Angels,” was once a relatively poor community. The community, which was primarily made up of people of Spanish heritage when it was first settled, grew into a sizable town when Americans took control of it in 1847. More people moved there as a result of the railroads’ development, and the city eventually grew into what we know today. Although many see Los Angeles as the center of American film and show industry, the majority of the city’s enterprises are in the banking and financial industries. a $789.7 billion GDP
Ambani’s $1 billion, 27-story estate is located in Mumbai and is possibly the most expensive residence on the planet. Another Ambani-sponsored event that took place there was one of the biggest and most expensive weddings ever. Mumbai is also among the top ten wealthiest cities in terms of the number of billionaires living there. There are 37 billionaires in the city, or those who have a net worth of $1 billion. Total net worth: $184.4. India continues to be the sixth-largest consumer market in the world, with domestic private consumption accounting for about 60% of the country’s GDP.
The 33-year-old bitcoin miner Jihan Wu and 35-year-old ByteDance chair Zhang Yiming, both products of the internet era, reside in Beijing and are two of China’s youngest billionaires. Zhang rose from No. 13 to No. 2 in terms of wealth in the city in just a year because to the success of his $75 billion internet-era content creation hub. Only Woang, whose wealth is derived from real estate, surpasses him. The most popular sectors for billionaires in the Chinese capital are technology and real estate. 61 billionaires, totaling $193.3 billion in wealth. Just so you know, the gross domestic product is the standard by which to measure China’s economy.
7. Hong Kong
The city’s housing costs have increased by four times during the Great Recession as a result of the government’s strict control over supply. Developers like Lee Shau Kee and Peter Woo have seen their fortunes soar thanks to the rising market, and real estate is the primary source of income for 29 Hong Kong billionaires (and half of the top 10 richest people in the city). However, a correction may be on the horizon; according to a Citigroup survey, 57% of Hongkongers expect residential real estate prices to decline in 2019. A total of 355.5 billion dollars are owned by 79 billionaires.
8. New York
Some Big Apple millionaires, such as co-founder of Highbridge Capital Henry Swieca, JPMorgan Chase CEO Jamie Dimon, and Estee Lauder heir Ronald Lauder, were born and reared in New York. The richest of the city’s 40 billionaires, Carl Icahn, one of the few hedge fund managers who made money in 2018, is among them, along with Dimon and Swieca. Although the most well-known landlord in the city currently resides in the White House, 17 additional real estate billionaires, totaling 84 billionaires with a combined net worth of $469.7 billion, still reside in New York City.
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