New York Becomes The World’s Wealthiest City 2023

A recent report by Henley & Partners, a London-based consultancy, has revealed that in 2023, New York City has secured the top position as the world’s wealthiest city. Tokyo, Japan, and Silicon Valley’s Bay Area have claimed the second and third spots respectively. It’s noteworthy that Mumbai has been ranked 21st while Delhi, Bengaluru, Kolkata, and Hyderabad were mentioned in the report.

The rankings were based on the number of resident millionaires, rounded off to the nearest 100, as of December 31, 2022. Interestingly, the top 10 cities are dominated by those in the United States and China, with only London representing Europe.

The report also recognized Bengaluru as one of the Asia Pacific’s fastest-growing cities, commonly known as the “Garden City” and the “Silicon Valley of India” due to its thriving technology sector.

New York Becomes The World’s Wealthiest City 2023 – List Of 15 Ranked Cities & Their Net Worth

The World’s Wealthiest Cities Report 2023 was compiled by Henley & Partners, covering 97 cities globally. The report relied on data from New World Wealth, a wealth intelligence firm that monitors the financial activities of high-net-worth individuals holding positions such as Founder, Chairperson, CEO, and Director. Additionally, the report considered the number of luxury homes in each city, as mentioned on the Henley & Partners website.

New York City, United States – 340,000

Tokyo, Japan – 290,300

The Bay Area, United States – 285,000

London, United Kingdom – 258,000

Singapore, Singapore – 240,100

Los Angeles, United States – 205,400

Hong Kong, SAR China – 129,500

Beijing, China – 128,200

Shanghai, China – 127,200

Sydney, Australia – 126,900

Chicago, United States – 124,000

Toronto, Canada – 105,200

Frankfurt, Germany – 102,200

Zurich, Switzerland – 99,300

Houston, United States – 98,500

New York Becomes The World’s Wealthiest City 2023 – FAQs

Q1: Which is the World’s Wealthiest City in 2023?

Ans: New York won the World’s Wealthiest City in 2023.

Q2: Which other cities were in the rank of the World’s Wealthiest cities?

Ans: Other cities in the rank of the World’s Wealthiest cities are New York City, United States; Tokyo, Japan; The Bay Area, United States; London, United Kingdom; Singapore, Singapore; Los Angeles, United States; Hong Kong, SAR China; Beijing, China; Shanghai, China; Sydney, Australia; Chicago, United States; Toronto, Canada; Frankfurt, Germany; Zurich, Switzerland; and Houston, United States. 

Q3: Which factors were considered for the ranking of the World’s Wealthiest Cities report?

Ans: The research made use of information gathered by wealth intelligence company New World Wealth, which keeps tabs on the financial dealings of high-net-worth people with titles like founder, chairperson, CEO, and director. The Henley & Partners website states that the survey also included the number of pricey residences in each city.


  • Pritipalit

    Priti Palit, an accomplished edtech writer, boasts a wealth of experience in preparing candidates for multiple government exams. With a passion for education and a keen eye for detail, she has contributed significantly to the field of online learning. Priti's expertise and dedication continue to empower aspiring individuals in their pursuit of success in government examinations.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top