Have you ever wondered which are the richest cities in the world? Where do billionaires and the richest people decide to live?
Wonder no more as here we bring you a list of the 10 richest cities in the world. Some of them will probably surprise you, while others are the obvious choice for billionaires due to their location. We’ve created this list based on the latest available report from Wealth-X, the Wealth-X’s Billionaire Census report, which offers information on this topic, thanks to a census of the world’s multimillionaires.
So, let’s check it out!
10. Mumbai, 38 billionaires
In the 10th place, we find Mumbai, the capital of Maharashtra, on the west coast of India. And, it couldn’t be otherwise as the city is the country’s commercial, financial, and entertainment center. Actually, here are some of the headquarters of the most important financial centers.
India is a country of strong contrasts. Namely, there are overcrowded cities with the majority of the population very poor. On the other hand, some people have a lot of power and money, live a luxurious life, and reside in the most modern neighborhoods.
9. Dubai, 38 billionaires
Of course, we can’t miss one of the world’s business metropoles – Dubai. It’s a city that immediately strikes for its luxury, futuristic architecture, and modernity. It’s enough to say that there is one of the most futuristic and the tallest skyscrapers in the world, the Burj Khalifa.
Between artificial islands, such as The Palm Jumeirah, and hotels with stellar prices, such as the famous Burj al-Arab, the cost of living is really high if you go to the most touristy and trendy places. A room for one night in the sail-shaped hotel costs more than €1.000.
8. Los Angeles, 39 billionaires
America is the richest country and the one with the largest number of billionaires. This American city in Southern California is the center of the country’s television and film industry and home to Hollywood and Beverly Hills.
Like most of the big American cities, Los Angeles has a very high cost of living and is the city where actors, famous people, and anyone who wants to try to break into the show business live.
7. Singapore, 39 billionaires
Singapore is one of the richest cities in Southeast Asia although it has lost some positions in the list. There are important financial centers, large private clubs, and very expensive elite schools.
It is one of the most expensive cities in the world, with a very high living cost. One of the most exclusive streets is Orchard Road, the main street in Singapore, which is lined with shopping malls, huge skyscrapers, and the largest luxury boutiques. Walking along this avenue is a real experience and you don’t know where to look!
6. Beijing, 55 billionaires
China is one of the world’s great economic powers, so it can’t be without any city on this top 10 list. Beijing is a huge metropolis with about 29 million inhabitants. It is one of the major political and cultural centers in the world and the tertiary sector is the most productive one.
Needless to say, the living cost here is very high and, together with the city of Shanghai, it is one of the most expensive cities in China.
5. London, 65 billionaires
And, here’s the first European city on this list. London is undoubtedly one of the richest cities in the world and with the largest number of resident billionaires, with a continuous increase of the latter. Despite Brexit and the resulting market imbalances, the number of billionaires is steadily increasing from year to year.
It’s one of the European cities with the highest cost of living, starting from rents with very high prices. Here you will find some of the most exclusive residences and properties in the whole of the UK, with stunning views over the city and right in the heart of London.
4. Moscow, 70 billionaires
The capital of Russia is one of the richest cities in the world. There are many billionaires, most of which living in the Rublyovka district, the most exclusive one in the whole city. There you will find dream houses and residences, high fashion shops with exorbitant prices, and luxurious and super elegant restaurants. So, it’s not a surprise that several Soviet leaders lived in that area.
With a very high cost of living, it is one of the main economic, financial, and cultural centers of the country. It’s actually one of the most visited cities in Russia!
3. San Francisco, 75 billionaires
It is the second-largest American city on this list and a very important city in California. Namely, it’s the center of commerce, technology, and tourism, which makes it one of the most important financial and economic centers in the United States.
Being one of the richest cities in California and the world, the cost of living is very high, with very high rental costs and high average household income. Many of the billionaires living there directly manage various businesses in the city’s financial district. Also, the famous Silicon Valley is outside the center.
2. Hong Kong, 87 billionaires
In the second place, we find this autonomous territory in southeastern China. It’s one of the most important financial centers in the world as well as an important port and shopping destination, with exclusive boutiques and renowned tailors that create bespoke suits.
Obviously, it is one of the cities with the highest cost of living. There, the richest people live in skyscrapers in the most exclusive neighborhoods or huge villas, while the majority of the population has difficulty paying the rents of tiny apartments.
1. New York, 105 billionaires
America is the richest country in the world and the city of skyscrapers, luxury, and the party can only be in the first place. Also known as the Big Apple, it’s home to the Times Square and the Empire State Building, the financial and economic center, as well as Wall Street.
Those who have visited New York have noticed the high cost of living. And, if a small apartment already costs a lot, you can imagine how much a loft, with a wonderful view over the whole city, on the top floor of a skyscraper can cost. Just imagine waking up every morning, looking out the window seeing Central Park or the Empire State Building… a dream!