Executive Education

World’s 15 Richest Cities In 2017: New York, London, And Tokyo, Tops List

With a total wealth of $3 trillion, New York, the economic hub of the United States, became the wealthiest city in the world, according to the New World Wealth.

London followed America’s financial capital, New York, with a total wealth of $2.7 trillion — Tokyo (3rd, $2.5 trillion), San Francisco Bay area (4th, $2.3 trillion), and Beijing in China (5th, $2.2 trillion), says a report.

Others in the top 10 richest cities around the globe list include:  Shanghai (6th, $2 trillion), Los Angeles (7th, $1.4 trillion), Hong Kong (8th, $1.3 trillion), Sydney in Australia (9th, $1 trillion), and Singapore (10th, $1 trillion).

The total wealth of a city includes the private wealth of all individuals in the city. The government funds are excluded from the figures.

Additionally, Chicago was ranked 11th on the list with $988 billion wealth, followed by India’s financial capital Mumbai (12th richest city in the world) – with a total wealth of $950 billion. Surprisingly though, Paris came in 15th with $860 billion.

The leaders running the biggest cities in the world are competing to label their city the “next Silicon Valley.”

From New York to Singapore, London to Mumbai, there’s a race to create the “next Silicon Valley” that will lure the very best minds and investors with the deepest pockets.

The 15 richest cities in the world:

  1. New York (United States): $3 trillion
  2. London (United Kingdom): $2.7 trillion
  3. Tokyo (Japan): $2.5 trillion
  4. San Francisco Bay area (United States): $2.3 trillion

  5. Beijing (China): $2.2 trillion

  6. Shanghai (China): $2 trillion

  7. Los Angeles (United States): $1.4 trillion

  8. Hong Kong: $1.3 trillion

  9. Sydney (Australia): $1 trillion

  10. Singapore: $1 trillion

  11. Chicago (United States): $988 billion

  12. Mumbai (India): $944 billion

  13. Toronto (Canada): $944 billion

  14. Frankfurt (Germany): $912 billion

  15. Paris (France): $860 billion

    Paris

Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.


Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.