New York City is the richest city in the world. (Image: Getty)
are spread across multiple continents. In , and often compete for the top spot, while in , cities like Hong Kong and Tokyo dominate.
But when it comes to overall wealth, one city stands above the rest – not just on its continent, but on the entire planet. That city is .
The latest confirms that is the richest city in the world, with an astonishing 349,500 millionaires, 675 centi-millionaires (those worth at least £100 million), and 60 billionaires.
The is huge, generating around £1 trillion in GDP in 2023. That economy is driven by Wall Street, home to the New York Stock Exchange (NYSE) and Nasdaq, the two largest stock exchanges in the world.
The city’s securities industry alone employs over 181,000 people, generating billions in tax revenue and supporting a vast network of businesses.
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New York city has nearly 350,000 millionaires. (Image: Getty)
Many of the world’s most influential financial institutions, including JPMorgan Chase, Citigroup, Morgan Stanley, and Goldman Sachs, are also headquartered in Manhattan.
Beyond banking and finance, New York is a hub for media, technology, fashion, healthcare, and real estate.
The tech sector, often referred to as “Silicon Alley,” has been expanding rapidly, with Google, Amazon, and Facebook increasing their presence.
The fashion industry employs around 180,000 people, while the media and publishing sector continues to thrive, with major companies such as The New York Times, NBC, and Condé Nast headquartered there.
The city’s ability to attract wealth is unmatched. New York is consistently ranked as the top destination for global business, investment, and tourism.
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Wall Street is home to the New York Stock Exchange (NYSE) and Nasdaq. (Image: Getty)
It has the highest number of billionaires of any city in the world and is home to many of the largest multinational corporations.
Luxury real estate in Manhattan remains some of the most expensive in the world, with investors continuing to pour money into the city’s exclusive property market.
Despite its sky-high costs, New York remains a magnet for the ultra-wealthy.
The city has the highest residential rents in the US, and Fifth Avenue is officially the most expensive shopping street in the world.
Luxury real estate in Manhattan remains some of the most expensive in the world. (Image: Getty)
Yet, for many of the world’s richest individuals, the appeal of living and doing business in New York outweighs the costs.
New York is also a major force in international trade, with the Port of New York and New Jersey handling millions of containers each year.
The city’s influence in global finance and business has made it a safe haven for investors, with billions flowing through its markets daily.
With a population of over 8.2 million people, New York is also one of the most diverse cities in the world, with over 800 languages spoken.
It has long been seen as the ultimate city of opportunity, attracting immigrants, entrepreneurs, and ambitious professionals from across the globe.