Wealth presents itself in a number of ways. Whether it’s our quality of life, our environments, or the homes in which we reside, it’s true that wealth can serve as a form of making life feel more comfortable for us. Despite common phrases out there stating that wealth cannot, in fact, bring us happiness, the opposite can be said to be true in the richest cities of the world. How? Because these cities tend to give back to their people, environments, and systems.
Using the richest cities in the world as an example, these cities have used their wealth in a way that has invested in high-quality safety for neighborhoods, high-quality schools, and education. This, in turn, has helped create local economic stability over time.
Rich cities are slowly but surely getting more wealthier by the year, which is why we’ve compiled a list of all of the richest cities in 2023 today.
New York City
Coming in first, New York City is the richest city in the world and is the home to 58 Billionaires, 74 centi millionaires, and 340,000 millionaires. The city is spread between five boroughs which include Manhattan, Brooklyn, the Bronx, Queens and Staten Island. With inflation at one of it’s all-time highs, it’s no surprise that New York City comes as the wealthiest in the world as it breeds some of the most famous people in every respective industry.
Tokyo
Tokyo, Japan is home to 14 billionares with wealth evenly being distributed across the city. The middle-class and low-tier millionaires control much of the capital. Known as a center of technology for decades, Tokyo continues to innovate in the microchip and technology sectors.
San Francisco
Coming in third place, San Francisco is home to some of the world’s most notable tech companies including Adobe, Apple, Cisco, Facebook, Google, HP, Intel, Linkedin and others. The bay area has the most billionaires than any city in the world with an estimate of 68 overall.
London
Ranking as the world’s top city for the wealthy, London ranks fourth place and is in the leading category for investment and lifestyle. London’s net worth is topped by New York, Tokyo, and Paris. In 2021 it was reported that London’s population of individuals with a net worth of over $30 million, grew by 8.5 percent, reaching 9,906.
Singapore
Serving as a destination for migrating millionaires, Singapore takes fifth place as one of the world’s most business-friendly cities. Currently home to 240,100 millionaires, 329 centi-millionaires, and 27 billionaires, the city holds great appeal for the wealthy making this business-friendly city one to watch.
Los Angeles
Industries making up a sum of the wealth, Los Angeles is home to musicians, movie stars, and film directors to name a few, making this sunny city of Palm trees a go-to destination for travelers near and far. With cities such as Malibu and Beverly Hills, Los Angeles is certainly one of the top capitals for entertainment, media, real estate, retail, tech, and transport.
Hong Kong
Coming in seventh place is the one and only Hong Kong, which continues to be one of the world’s top financial hubs today. With 32 billionaires, 290 centi-millionaires, and 129,500 millionaires, the Hong Kong stock market remains one of the world’s most notable stock exchanges.
And though there are a plethora of wealthy cities in the world, the above remains on the list of the richest cities to keep on your radars for 2023. Whether it’s an accumulation of the population’s net worth, the amount of money the city spent on infrastructure, or the ability to create and manage wealth, these 7 cities are broadening our scope of how to view and in turn, experience wealth.