Ever wondered how to define which the top 10 richest cities in the world are? That can seem like a very tedious task.
But Private Bank International (PBI) has summarised them for you according to size of the city’s GDP.
GDP or Gross Domestic Product is an important indicator or way to benchmark what the top cities are. It measures the national income and value of production in any area. This is among one of many ways to judge how wealthy a country is
Top 10 richest cities in the world, here they are:
- TOKYO, JAPAN
Tokyo Japan is the world’s richest city according to GDP $1.520trn according to consumer website Finances Online.
- NEW YORK, USA
The GDP of New York is $1.2trn.
- LOS ANGELES, USA
The GDP of LA is $0.789trn.
- SEOUL, SOUTH KOREA
The GDP of Seoul is $0.779trn
- LONDON, ENGLAND
The GDP of London is $0.731trn
The net worth of London billionaires amounts to $497.6bn, making London a hotspot for billionaires. According to this year’s The Sunday Times Rich List there are 93 billionaires in London, recorded in 2018, making London the city that has most compared to any other city in the world.
- PARIS FRANCE
The GDP of Paris in $0.669trn
- OSAKA, JAPAN
The GDP of Osaka is $0.654trn
- CHICAGO, USA
The GDP of Chicago is $0.524trn
- MOSCOW, RUSSIA
The GDP of Moscow is $0.520trn
- SHANGHAI, CHINA
The GDP of Shanghai is $0.516trn