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Mapping the World’s Wealthiest Cities

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Mapping the Wealthiest Cities in the World

The Top 15 Cities Globally Hold $24 Trillion in Wealth

That’s about 11% of the world’s total private wealth

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

Which cities are the world’s economic powerhouses, and what portion of global wealth is located in these key urban centers?

Today’s chart pulls information from the latest report from market research firm New World Wealth, which we previously cited weeks ago when we visualized the shift in global wealth over the last decade.

The World’s Wealthiest Cities

The data shown in this chart represents the total amount of private wealth held by all the individuals living in each of these cities.

Figures here include all assets (property, cash, equities, business interests) less any liabilities. Meanwhile, government funds are excluded from these figures.

RankCityTotal Wealth
#1New York City$3.0 trillion
#2London$2.7 trillion
#3Tokyo$2.5 trillion
#4San Francisco Bay Area$2.3 trillion
#5Beijing$2.2 trillion
#6Shanghai$2.0 trillion
#7Los Angeles$1.4 trillion
#8Hong Kong$1.3 trillion
#9Sydney$1.0 trillion
#10Singapore$1.0 trillion
#11Chicago$988 billion
#12Mumbai$950 billion
#13Toronto$944 billion
#14Frankfurt$912 billion
#15Paris$860 billion

New World Wealth also mentions that there were eight cities that just missed out on the top 15: Houston, Geneva, Osaka, Seoul, Shenzhen, Melbourne, Zurich and Dallas.

It should also be made clear that wealth is a different measure than Gross Domestic Product (GDP), which is another common metric used to gauge economic power. That said, we do have a list of U.S. cities by GDP size if you’d like to explore the GDP measure on a city level, as well.

Wealth Past and Present

According to the same report, over last 10 years, the cities with the fastest growing rates of wealth were San Francisco, Beijing, Shanghai, Mumbai, and Sydney.

Meanwhile, Mumbai is expected to be the city that will see the highest rate of growth over the next decade.

Interestingly, the report also singles out two major Chinese cities as ones to watch:

Shenzhen: With $770 billion in wealth, this city just misses the Top 15 list. It’s considered the high tech capital of China and is home to the Shenzhen stock exchange (2nd largest in China, and 8th largest in the world). Major smartphone manufacturer Huawei is also based in the city.

Hangzhou: With $425 billion in wealth, this city doesn’t quite measure up to others on the list at first glance. However, it’s actually only a 45 minute train ride away from Shanghai ($2.0 trillion) – and people that work in Shanghai often have homes here as it is considered more scenic. Hangzhou is the fastest growing major city in China (in terms of wealth growth), and ecommerce giant Alibaba notably calls the city its home, as well.

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Money

Ranked: The World’s Top 10 Billionaires in 2024

With a $205 billion fortune, Elon Musk is currently the world’s richest billionaire.

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Bar chart showing the world's top 10 billionaires as of June 2024.

The World’s Top 10 Billionaires (June 2024)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Elon Musk has reached a net worth of $205.4 billion in 2024, securing his position as the richest billionaire in the world, ahead of Jeff Bezos at $203.2 billion and Bernard Arnault at $200 billion. Arnault, the billionaire chairman and CEO of the global luxury goods company LVMH, led the ranking at the beginning of the year.

Using data from Forbes’ Real-Time Billionaires List, we provide a snapshot of the top 10 billionaires in the world as of June 11, 2024. It is important to note that the rank changes frequently due to fluctuations in stock prices, market conditions, and significant business transactions.

$1.6T in Combined Wealth

The wealth of the top 10 wealthiest people ($1.6 trillion) is almost equivalent to Mexico’s GDP, the 14th largest economy in the world.

At the top of the list, Elon Musk’s wealth derives primarily from his stake in Tesla, his holdings in SpaceX, and the social media platform X.

RankNameNet Worth (USD in Billions)Source
1Elon Musk$205.40Tesla, SpaceX
3Jeff Bezos$203.20Amazon
2Bernard Arnault & family$200.00LVMH
4Mark Zuckerberg$176.50Facebook
5Larry Ellison$153.70Oracle
6Larry Page$145.10Google
8Sergey Brin$139.00Google
7Warren Buffett$134.00Berkshire Hathaway
9Bill Gates$131.00Microsoft
10Steve Ballmer$126.50Microsoft

Recently, Tesla shareholders voted to approve a pay package worth approximately $50 billion for Musk at the company’s annual shareholder meeting. This decision is being challenged by a Delaware judge, who has described Musk’s award as “unfathomable.”

Meanwhile, Amazon founder Jeff Bezos overtook Bernard Arnault as the second-wealthiest person in June 2024, after LVMH’s shares fell and Amazon’s shares slightly increased.

As a relevant side note, Arnault has also been carefully laying succession plans for LVMH this year, with the 75-year-old recently appointing two more of his sons to the company’s board in April 2024. This leaves just his youngest son without a spot on the board, though he is employed at the company.

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