New York City tops the list of world’s wealthiest cities 2023

New York City tops the list of world’s wealthiest cities 2023

Daily Current Affairs / New York City tops the list of world’s wealthiest cities 2023

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Category : International Published on: April 25 2023

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New York City has emerged as the biggest millionaire hotspot, with over 340,000 people having a net worth of over $1 million.
The Wealthiest Cities Report 2023 by Henley & Partners noted that the most-populous US city has seen a 40 percent rise in High Net worth Individuals (HNWIs) in the last decade.
A person with a total net worth of over $1 million comes under the category of High Net worth Individuals (HNWIs).
Another US city, Los Angeles, comes in sixth place, with over 205,000 HNWIs.
Japan's capital Tokyo is second in the list with 290,300 HNWIs, while London and Singapore occupy the fourth and fifth position respectively.
Three cities from China are ranked in the top 10.
Hong Kong, a Special Administrative Region of China, is seventh (129,500 HNWIs), China's capital Beijing is eighth (128,200 HNWIs), while Shanghai is in the ninth position (127,200 HNWIs).
Mumbai is in the 21st position, with over 59,000 HNWIs. India's financial capital is also the top ranked Indian city in the list. Delhi, ranked 36th, is home to nearly 30,000 millionaires. India's capital city is followed by Bengaluru, Kolkata and Hyderabad.
The report noted that two southern Indian cities -- Bengaluru (88 percent) and Hyderabad (78 percent) -- have been among the 10 fastest growing millionaire hubs in the last decade.

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