In this article we will tell our readers about the richest cities in the world. From New York to Hong Kong to Shanghai, London and Moscow, let us explore the expensive cities in the world.
New York City
New York City topped the list yet again with 84 billionaires and the combined net worth of $469.7 billion that is greater than the GDP of Austria. The biggest city in the U.S. and home of the world’s two biggest stock exchanges, New York has housed the most billionaires for five years running.
Also read: Here are the Richest countries in the World
Total net worth is $355.5 billion. The richest resident is Conglomerate kingpin Li Ka-shing, $31.7 billion. Housing prices in the city have multiplied since the Great Recession, due to the government’s tight hold on supply.
The total net worth is $336.5 billion while the richest resident is natural gas oligarch Leonid Mikhelson, $24 billion. Almost 80% of all billionaires in Russia live in its capital, which is also its most populous city.
Chinese Cities, Beijng, Shanghai and Shenzhen
China has the most cities in the top 10, with 145 of the nation’s billionaires living in just three places: No. 4 Beijing, No. 6 Shanghai and No. 8 Shenzhen.
The total net worth of London is $226 billion. The richest resident is the Russian bank founder Mikhail Fridman, $15 billion. London has more five star hotels than any other city, being the hub of uber rich. While 20 Brits call the cosmopolitan city home, 35 expatriate billionaires from 23 countries including India, Iceland, and Russia have relocated to London.