Top 20 Richest Cities in the World

As of 2022, there were approximately 10,000 cities in the world and half of them did not exist 40 years ago. Top 100 among the 10000 cities in the world compete with one another to become the richest city in the world. 

In these cities world’s largest industries, headquarters of giant companies, conglomerates of business, business tycoons are situated. 

Countries’ capital cities are becoming futuristic metropolises and becoming home for more high-earners who are looking for scaling and upgrading their lifestyles. 

So countries are on the way to rebuilding their cities to be more luxurious and advanced in terms of technology. Here are the top 20 richest cities in the world! Enjoy surfing!

Richest Cities in the World

1. Tokyo

  • Country: Japan
  • Region: Asia (East)

Tokyo is Japan’s capital and most populous and highest GDP holding city of the country because of its position as a major international financial centre. 

It houses some of the most important investment banks and insurance companies around the globe. The metropolis is also a hub of Japan’s broadcasting, publishing, and transportation industries.

2. New York

  • Country: United States
  • Region: North America

New York is both the largest and second-wealthiest global city owning the highest number of millionaires per capita. New York is a hub for many industries including international trade and financial technology. 

It also houses finance, real estate, fashion, entertainment, education, tourism, and a lot more. New York’s financial industry is strong enough to rank as the top financial hub in the world with hosting the two largest stock exchanges in the world by market capitalization.

3. Los Angeles

  • Country: United States
  • Region: North America

Los Angeles is California’s largest city besides being home to nearly four million people that’s why it stood to be the second most populous US city. This city is a major manufacturing centre for the most iconic vehicles in the world. 

Also many car manufacturers are located here, including Honda, Mazda, Suzuki, Hyundai. However, the economy relies heavily on entertainment, interactive games, etc. 

4. Seoul

  • Country: South Korea
  • Region: Asia (East)

Seoul is South Korea’s biggest economic centre on which the country’s half GDP relies. In the 20th century we saw a lot of business hubs coming into this city and in today’s era, many high-tech business parks are situated in the city.

5. London

  • Country: United Kingdom
  • Region: Europe (Northern)

Besides being one of the most important global cities, London is the capital and largest city of the United Kingdom. London is considered to be the world’s most powerful, desirable, expensive, visited, and most investment-friendly city.

6. Paris

  • Country: France
  • Region: Europe (Western)

Paris is France’s capital and one of the most wealthy cities in the world. The city is also a hub for diplomacy, science, fashion, and the performing arts. Paris’ economy heavily depends on commerce, services, construction, and transportation. 

Paris has been shifting its economy towards high-value, high-tech service industries in recent years, such as finance and IT services.

7. Shanghai 

  • Country: China
  • Region: Asia (East)

Shanghai, an important backbone in China’s growing economy, comes to be 7th on the list. Because of its strategic location and trade with foreign and domestic countries, Shanghai grew over the 19th century and became Asia’s financial and commercial hub. 

The city is a world-class centre for innovation, finance, and a major hub for commerce, transport, and trade. 

8. Moscow

  • Country: Russia
  • Region: Europe (Eastern)

Moscow is the most wealthy and largest city in the world. Moscow is home to many financial centres, which contribute significantly to the country’s GDP. 

Moscow’s most important industries are software development, chemical production, energy production, food, and furniture.

9. San Francisco

  • Country: United States
  • Region: North America

9th on the list is California’s famous city San Francisco which is the 16th largest city in the world with over 881k inhabitants. This city is Northern California’s cultural, financial, and commercial centre. 

10. Beijing

  • Country:  China
  • Region: Asia (East)

The city ranks first in the list of being home to the highest number of billionaires in the world. Beijing has experienced tremendous growth over the years and is now a major global city. 

It is also a major city for culture, politics, and diplomacy. The largest Chinese state-owned businesses and Fortune 500 companies are located in Beijing. 

11. Osaka-Kobe 

  • Country: Japan
  • Region: Asia (East)

Osaka-Kobe, Japan’s second-most populous urban area, is strategically located to make it an ideal place for international companies to partner with local brands in Japan. 

This city is home to many manufacturers from different industries such as pharmaceuticals, electronics, and machinery. Many trading houses, specialised trading firms, department shops, high-tech, and information technology companies, as well as the financial and service industries, have their hub in this Japanese city. 

12. Istanbul

  • Country: Turkey
  • Region: Asia (Western)

The city’s total wealth is US$180 billion. Istanbul is one of the oldest cities in the world with various major industries like manufacturing, transport, basic materials, financial services, telecoms, and food processing. 

Many largest Middle East companies, including Isbank, Koc Holding, and Sabanci Holding are here in the city of Turkey. 

13. Chicago

  • Country: United States
  • Region: North America

Chicago is the largest city to have the most balanced economy in the Midwestern United States. Manufacturing, publishing, printing, and food processing are some of Chicago’s most important industries.

14. Shenzhen

  • Country: China
  • Region: Asia (East)

Shenzhen comes in 14th on the list as a famous and populous Chinese city. There are a lot of business hubs and manufacturer hubs situated in the city that directly contribute to the GDP of the country. 

15. Mumbai

  • Country: India
  • Region: Asia (South)

Mumbai is 15 on the list. And most importantly Mumbai is home to the Bombay Stock Exchange, and the National Stock Exchange, two among the top 10 stock exchanges in the world by market capitalization. Financial services, real estate, and media are the major industries of Mumbai. 

16. Washington D.C.

  • Country: United States
  • Region: North America

Washington, D.C., the capital of the United States of America, is a popular tourist destination. This city has a variety of industries, including finance, education, and scientific research. Washington DC is also one of the most competitive financial centres in the world.

17. Dallas 

  • Country: United States
  • Region: North America

Dallas, the ninth-most populous U.S. city, in North Texas’ is economic and cultural centre. This city’s economy is a diverse economy that contributes to the city’s GDP, including banking, commerce, and insurance.

18. Delhi

  • Country: India
  • Region: Asia (South)

India’s capital, Delhi, is among the most wealthy cities in the world, which is an example of a city that has grown rapidly over the past years but has not lost its traditional charm. 

You can still see the city’s artistic and cultural heritage through its old monuments, which thrive alongside the modern-day architectural masterpieces.

19. Sao Paulo 

  • Country: Brazil
  • Region: South America

Sao Paulo, Brazil’s fourth-largest urban area by population, is also the capital of Brazil. Sao Paulo is the richest state in Brazil having a strong international influence in finance, commerce, and entertainment.

20. Houston

  • Country: United States
  • Region: North America

Houston’s main economic activity is banking. The Port of Houston is situated in the city that serves as one of America’s most important shipping hubs. 

The largest petrochemical manufacturing firms including fertilisers, insecticides, and synthetic rubber are in this city. 

The above mentioned are the top 20 richest cities in the world. Let us know your favourite richest city in the comment section.

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