Top 10 Richest Cities in the World: Is Yours No. 1?
If you're reading this from New York City or London, congratulations because your city is incredibly wealthy! MSN recently revealed the top 10 wealthiest cities in the world, basing their findings on Knight Frank's Wealth Report 2013. That may not matter much to you, but considering the percentages of high net worth individuals (that's someone who has over $30M in assets) and the predicted growth increase over 10 years, it's pretty interesting to us.
New York City came out on top, with 7,580 high net worth residents in 2012 and a 2022 prediction of 10,306 (which is a 36 percent increase). London was second, with 6,015 in 2012 and a predicted increase of 36 percent (which would be 8,202 people in 2022). Tokyo had 5,440 high net worth individuals last year, which places them in third and gives them a prediction of 6,763 in 2022 (a 24 percent increase). Fourth belongs to San Francisco, with 4,590 in 2012 and a predicted 6,665 in 2012 (increasing by 45 percent). Los Angeles finished up the top five, with 4,520 wealthy residents in 2012 and a predicted 34 percent increase in the next 10 years (bumping the numbers up to 6,075).