USA and China dominate list of wealthiest cities in the world - Our Today (2024)

FAQs

What is considered the richest city in the world? ›

New York City came in at no. 1 on the list. The report found that from 2012 to 2022, the city had a 40% growth in its population of high-net-worth individuals. According to Henley & Partner's report, NYC is home to 340,000 individuals worth over $1 million, 724 centi-millionaires, and 58 billionaires.

According to a recent report by London-based consultancy Henley & Partners, New York City has been ranked as the world's wealthiest city in 2023.

New York-Newark-Jersey City, New York-New Jersey, with a GDP per capita of $100,806. Boulder, Colorado, with a GDP per capita of $100,692. Washington, DC-Arlington-Alexandria, Virginia, GDP per capita: $95,593.

New York City was atop the list of the world's wealthiest cities with 340,000 millionaires. San Francisco's Bay Area beat NYC in the list of billionaires with 63.

New York City

The Big Apple is home to 340,000 millionaires, 724 centi-millionaires, and 58 billionaires. 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).

1. California

California, the nation's most populous state, has the largest state GDP of $3,599,103,000,000. California's median household income is $78,672, the seventh-highest in the U.S.

Who is the richest man in the world? As of June 1, 2023, the richest man in the world is Bernard Arnault, the CEO and chairman of LVMH of France; he's worth $215 billion. He moved into the number one spot after Elon Musk's fortune fell in late 2022 as shares of electric carmaker Tesla fell.

Georgetown, Texas: The Fastest-Growing City in the Nation

With an impressive growth rate, Georgetown leads all cities and towns with a population of at least 50,000.

What city makes the most money in the US? ›

1. Atherton, CA. The richest city in the US is Atherton, California. It has a median household income of $450,690, which is almost seven times higher than the average American household income of $69,021.

Home to tech billionaires like Facebook's Sheryl Sandberg and Google's Eric Schmidt, not to mention the headquarters of both companies, as well as Tesla, the richest town in America remains Atherton, California, according to Bloomberg's 2020 Richest Places Index.

The richest neighborhood in America is Loyola, California. The average household income in Loyola is $326,069, with the median income a little lower at $246,563. The median listing price is $3,899,000.

New York is the richest state in the US, with a GDP per capita at $96,5k. This means that New York is responsible for around 9% of America's entire economic output, the highest percentage amongst the 50 states.

California is home to the most billionaires — not just in the US, but in the world, according to Forbes. Los Angeles, in particular, is a hot spot. Some billionaires there have names that light up Hollywood marquees, like director Steven Spielberg.

New York. New York City is said to be the largest city in terms of GDP. For 2023, according to the World Economic Forum, its estimated GDP is $2.5trn. Its economy is powered by the finance, media and technology industries, as well as its diverse population.

Kensington, London

The neighborhood is home to billionaires, embassies, and the royal Kensington Palace. According to Zoopla, it has an average property price of around 36.1 million dollars.

New York City topped the list with 136 billionaires in 2022. The city's uber-rich population lost two people from 2021 to 2022, but it's still the global billionaire capital.

The report claims that Dubai, Mumbai and Shenzhen will be breaking into the list of the World's top 20 wealthiest cities by the year 2030. Dubai is already home to 67,900 millionaires, 202 centi-millionaires (people with net assets of $100 million or more), and 13 billionaires.

How many millionaires in China 2023? ›

China — with a population of 1.4 billion — has 780,000 people holding assets worth $1 million or more, while the US — with a population of 332 million — has 5.27 million people in the same category. That data came from a wealth report by the consultancy Henley & Partners, published in 2023.

New York City wears the crown as the world's top city with the most millionaires in 2023. Seven of the World's Top 10 cities listed are in countries that host formal investment migration programs and actively encourage foreign direct investment in return for residence or citizenship rights.

Top 10 countries wealthy people choose to live in. People with $1 million or more are more likely to move to Australia, the US, Switzerland, Canada and Singapore. In 2020, immigration declined because of the pandemic, with many cosmopolitans postponing their move due to documentation problems and closed borders.

New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple. Additionally, the city's real estate market is known for being expensive, with sky-high property values and rents.

The five richest counties in the U.S. (No. 1 being richest), based on our combination of factors, are: Falls Church, Virginia. Loudoun County, Virginia.

Comparing all US states across a range of factors, we can reveal that the best place to live if you want to become a millionaire is New Hampshire. With an overall index score of 80.733, you're more likely to hit a seven-digit net worth here than in any other US region.

In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.

Luxury Mogul Takes Top Spot. The world's richest person is France's Bernard Arnault, the chief executive of LVMH. With 75 brands, the luxury conglomerate owns Louis Vuitton, Christian Dior, and Tiffany.

A trillion is such a huge number, followed by twelve zeros. That is one thousand times a billion (nine zeros followed by 1). Do you know that only 6 trillionaires ever lived on the face of earth? As of today, there are no trillionaires who live on earth.

What is America's fastest growing city? ›

“Georgetown, Texas, remained the fastest-growing city by percent change in 2022, with the highest rate of growth among all U.S. cities and towns with at least 50,000 people.

Florida is the fastest-growing state in America for the first time since 1957, according to the U.S. Census Bureau. The population in the southeastern state, which is known for its warm weather and sandy beaches, now tops 22 million.

This statistic shows the best states to make living in the United States in 2019. In 2019, Wyoming was ranked as the best state to make a living in the United States, with the cost of living index at 90.5 value and the median income of 40,240 U.S. dollars.

The jobs with the highest average pay in the United States are all in medicine. According to the Bureau of Labor Statistics, the jobs that receive wages equal to or greater than $208,000 per year on average in alphabetical order.

Cash equivalents are financial instruments that are almost as liquid as cash and are popular investments for millionaires. Examples of cash equivalents are money market mutual funds, certificates of deposit, commercial paper and Treasury bills. Some millionaires keep their cash in Treasury bills.

1: Atherton, Calif. (94027)

"Old money" applies to those of the upper class whose wealth separates them from lower social classes. According to anthropologist W. Lloyd Warner, the upper class in the United States during the 1930s was divided into the upper-upper and the lower-upper classes.

Where do the elite live? ›

An overwhelming majority (approximately 96 percent) of the top 1 percent are concentrated in major metropolitan areas such as San Francisco, Washington, DC, New York, and Los Angeles. However, a few outliers exist in suburban and even rural areas.

Mississippi. Mississippi tops the list as the poorest state in the US, with an alarming poverty rate of 18.70%. Despite its rich history and cultural heritage, the state faces numerous economic challenges, including limited job opportunities, low wages, and a high percentage of residents living below the poverty line.

Agriculture is one of the prominent elements of the state's economy: California leads the nation in the production of fruits, vegetables, wines and nuts. The state's most valuable crops are cannabis, nuts, grapes, cotton, flowers, and oranges. California produces the major share of U.S. domestic wine.

The states with the highest median household income are Maryland, New Jersey, and Massachusetts. The states with the lowest median household income are Mississippi, West Virginia, and Arkansas.

New York City is the wealthiest city in the world, beating out other major hubs like Tokyo, London, and Hong Kong.

The UAE is the third-richest country in the world, below Luxembourg at number two and Qatar at number one, with a GDP per capita of $57,744. The bulk of its money comes from the production of goods and provision of services related to petroleum, petrochemicals, aluminium and cement.