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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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The Richest People in the World in 2024

The combined wealth of the 10 richest individuals in the world amounts to $1.44 trillion.

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A list of the richest people in the world in 2024.

The Richest People in the World in 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.

The combined wealth of the 10 richest individuals in the world amounts to $1.44 trillion.

Using data from Forbes Real-Time Billionaires List, we provide a snapshot of the richest people in the world as of February 2024.

Bernard Arnault Ahead of Elon Musk

Bernard Arnault overtook Elon Musk as the richest person in 2024 due to a 21% decline in Musk’s wealth, from $245.3 billion to $194.6 billion.

The billionaire chairman and CEO of the global luxury goods company LVMH runs dozens of luxury brands such as Louis Vuitton, Sephora, and Tiffany & Co. The French businessman also has investments in businesses such as Netflix and ByteDance, the parent company of TikTok.

RankNameNet WorthSourceCountry
1Bernard Arnault & family$212.1BLVMH🇫🇷 France
2Elon Musk$194.6BTesla, SpaceX🇺🇸 United States
3Jeff Bezos$192.4BAmazon🇺🇸 United States
4Mark Zuckerberg$161.8BFacebook🇺🇸 United States
5Larry Ellison$144.0BOracle🇺🇸 United States
6Warren Buffett$128.7BBerkshire Hathaway🇺🇸 United States
7Bill Gates$123.1BMicrosoft🇺🇸 United States
8Larry Page$120.3BGoogle🇺🇸 United States
9Steve Ballmer$119.2BMicrosoft🇺🇸 United States
10Sergey Brin$115.4BGoogle🇺🇸 United States

The cumulative net worth of the top five richest individuals grew 4% in 2023, to $904.9 billion.

Among women, the richest person, L’Oréal’s Françoise Bettencourt Meyers, saw her fortune grow by $1.2 billion in 2023.

In China, Zhong Shanshan, the chairman and founder of bottled water and beverage producer Nongfu Spring, remains the country’s richest person with a net worth of $60.5 billion.

In India, the list is topped by Mukesh Ambani. The chairman of Reliance Industries, which has interests in petrochemicals, oil and gas, telecom, retail, and financial services, has a $102.1 billion fortune.

How Fortunes Have Changed

Just as in 2023, Mark Zuckerberg saw the most significant growth in his fortune among the top 10 richest individuals. The Facebook co-founder’s net worth surged by over $45 billion by February 2024 compared to November 2023, after Meta’s latest results far exceeded Wall Street’s expectations, sending its shares up.

Zuckerberg’s net worth growth of 39% moved him from 7th to 4th, overtaking Bill Gates, Warren Buffett, and Larry Ellison.

A list of the top 10 richest people in the world in 2024.

Meanwhile, Larry Ellison, Oracle’s chief technology officer and former CEO, saw his net worth retreat by $3 billion after the company reported disappointing revenue in 2023.

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