Worlds Wealthiest Cities 2023 (2024)

FAQs

What is the richest city in the world 2023? ›

New York City

It is the financial center of the USA and the wealthiest city in the world by several measures. It is also home to the world's two largest stock exchanges by market cap (the NYSE and the Nasdaq).

Nearly 350,00, or one in every 24 residents of The Big Apple are millionaires, according to a new ranking from Henley and Partners. New York City is also home to 744 centi-millionaires, worth at least $100 million; and 60 billionaires. The combined total wealth of the city's residents is greater than $3 trillion.

Beijing, the city with the most billionaires in 2023, has not only ceded its spot to New York, but has dropped to #4, overtaken by London and Mumbai.

New York remains the richest city in the U.S. and the world with nearly 350,000 millionaires and 60 billionaires. Its millionaire population has grown 48% over the past decade.

With 110 billionaires—9 more than last year—New York City retains its status as the billionaire capital.

Los Angeles, California

With its 212,100 millionaires, Los Angeles is the third richest city in America.

According to the Hurun Global Rich List 2024, China housed the highest number of billionaires worldwide in 2024. In detail, there were 814 billionaires living in China as of January that year. By comparison, 800 billionaires resided in the United States.

New York takes the top spot, as it has the largest city economy in the world by far: its GDP is nearly US$1 trillion larger than the next-biggest city economy (Tokyo). New York has also benefitted from stable economic growth in the decade preceding the Covid-19 outbreak.

The report highlights New York City, which has continued to maintain its position as the world's wealthiest city, with 11 other US cities joining the top 50 list. In contrast, Tokyo, which held the top spot a decade ago, has fallen to third place due to a decline in its high-net-worth individual population.

Can you live in NYC on 200k? ›

Yes, that's the top 25% among some of the highest earning households in the world. This suggests that, even in New York City, you can live a decent life on $200k a year. Of course, how you define “a decent life” will be relative to your liabilities.

Fact #4: There Are 1,700 New Millionaires Every Day.

While all those major-league cities have populations slightly higher than 300,000, New York is home to 349,500 millionaires — the most of any city in the world and up nearly 50% from a decade ago.

1. The United States of America. The United States has maintained its position as the world's leading economy and richest country for over 60 years from 1960 to 2023. Its economy is diverse, with strong sectors in services, manufacturing, finance, and technology.

The report highlights New York City, which has continued to maintain its position as the world's wealthiest city, with 11 other US cities joining the top 50 list. In contrast, Tokyo, which held the top spot a decade ago, has fallen to third place due to a decline in its high-net-worth individual population.

Whatever the reason, people truly seem to be flocking to Istanbul. And those more than 20 million arrivals made it the number one city for international arrivals on earth in 2023, according to Euromonitor International's World's Top 100 City Destinations report.