Here are the top 10 wealthiest cities in the world
With an estimated wealth of $3 trillion, NYC topped the list. According to the report, NYC is home to 65 billionaires and 380,000 millionaires.
NYC is followed by Tokyo ($2.5 trillion), San Francisco Bay Area ($2.4 trillion), London ($2.4 trillion), Beijing ($2.1 trillion), Shanghai ($1.9 trillion), Los Angeles ($1.4 trillion), Hong Kong ($1.2 trillion), Sydney ($1.1 trillion), Singapore ($1.0 trillion).
The New World Wealth report calculates total wealth as a sum of the private wealth held by all the people living in the city. This includes their assets namely property, cash, equities, business interests less any liabilities.