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September 4, 2018

The top 10 richest cities in the world revealed

By Saloni Sardana

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.

Read PBI’s article to find out who London’s billionaires are

  • 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

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