New York City is the richest city in North America. (Image: Getty)
is home to some of the in the world, but one of them stands head and shoulders above the rest.
The is known for its skyscrapers, busy streets, and has the reputation as a massive global financial hub.
With a thriving and a history of attracting the world’s richest individuals, it’s no surprise the city has more billionaires and millionaires than anywhere else in the region.
The city in question is , home to 350,000 millionaires, 744 centi-millionaires (anyone worth 100 million or more), and 60 billionaires, according to .
Its generated an impressive $1.286 trillion (£950 billion) in 2023, with Manhattan alone contributing $939 billion (£746 billion) – that’s more than entire GDP of $811.2 billion (£645 billion) in 2023.
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New York City is home to 60 billionaires. (Image: Getty)
This cannot come as a surprise, considering that Wall Street alone hosts the world’s two largest stock exchanges, the New York Stock Exchange and Nasdaq.
Beyond finance, New York thrives in industries like real estate, technology, media, and art.
It’s a city where innovation meets tradition, and its influence extends globally.
The diverse economy and opportunities have attracted people from all over the world, resulting in a population of over 8.2 million, speaking more than 800 languages.
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New York City’s economy generates an impressive $1.286 trillion annually. (Image: Getty)
Known for its fast-paced lifestyle, New York is also home to some of the most expensive residential properties in the world.
Fifth Avenue holds the title of the world’s most expensive shopping street, while Manhattan’s soaring rental prices show that the city appeals to both residents and businesses.
But New York isn’t just a city for the wealthy elite; it’s also a place for culture and creative industries.
From Broadway to world-class museums, the city offers a wealth of experiences that draw millions of tourists every year, who also contribute to its huge economy.