World’s 15 richest cities will surprise you

September 3, 2019

1–2 minutes

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Top 15 richest cities may surprise you in a few factors as you may be expecting Boston, Calgary, Perth, and Macau – all associated with material wealth – have failed to make this list of the 15 richest cities in the world, compiled by market research firm New World Wealth. Secondly, if you see the last city Paris with $860 billion is far ahead than the richest billionaire in the world Jeff Bezos CEO Amazon with just $150 billion net wealth.

The data gathered by the researchers reflects the total amount of private wealth held by all the individuals living in each of the cities on the list. Unlike traditional ratings, this top 15 is not based on Gross Domestic Product (GDP) but reflects analysis that covers all assets, such as property, cash, equities, and business interests, excluding liabilities. Government funds are included.

Richest Countries in the World 2019

According to New World Wealth, wealth is a measure that differs from a GDP indicator, which is another common metric used to gauge economic power. The research firm revealed that Houston, Geneva, Osaka, Seoul, Shenzhen, Melbourne, Zurich, and Dallas had just missed out on the top 15.