Top 10 Wealthiest Cities in the World 2024

These cities are the wealthiest in the world for many reasons. These are the cities that provide the most luxuries and luxurious lifestyles to their people. They also vary greatly in their economy, which means that they have more jobs and opportunities to earn money for their people. They have technology and industries which earn a high amount of GDP for them. It makes them rule over the entire world's cities. They have a good amount of imports and exports, which creates a balance for its economy. They also value their culture and are different in their values and perspectives than any other cities in the world.

Their qualities also attract other business anns and rich people from all over the world to come and invest there, which further increases their economic value. These cities also have beautiful buildings and a beauty of their own, which attracts people from all over the world. It has a huge amount of industries, which makes it unique and powerful. As these countries have large amounts of money, good technology, and a good lifestyle, they stay at the top of the list of the wealthiest cities even in 2024, maintaining their positions. They are still getting better and pushing their own limits.

Top 10 Wealthiest Cities in the World

In this article, we will discuss about 10 cities in the world that are ranked as the richest cities in the world based on their different factors. We will discuss different features that make them the best and wealthiest cities. Their unique lifestyle is what makes them most attractive and useful.

1. Abu Dhabi, UAE

Abu Dhabi is the capital city of the United Arab Emirates. The city of Abu Dhabi is very famous in the world because of its unique culture. Its culture is different from any other country in the world. The people living in this city enjoy luxurious lifestyles because of the high wealth. Its economic growth is very high and keeps on increasing. It aims to become the richest country by 2025 because of some of its latest new projects. It has a large amount of oil and gas in its land, which is the main source of its economy. The other factor that contributes to its wealth is the tourism industry of Abu Dhabi. It is their main focus in recent times.

Richest people of the city: Abu Dhabi is home to billionaire families such as the Al Nahyan royal family and business magnates heavily involved in the energy and real estate sectors.

Must-see locations:

• Sheikh Zayed Grand Mosque: it is a symbol of Islamic architecture.
• Louvre Abu Dhabi: it is a museum.
• Corniche Beach: best place to relax.
• Ferrari World: Ferrari World is a theme park with the fastest roller coaster in the world.
• Qasr Al Watan: it is a palace of presidents.

Source of Wealth

Its main sources of money are oil and gas exports, tourism, and real estate. It also gets funds like the Abu Dhabi Investment Authority.

• Millionaires: Approximately 23,800.
• Billionaires: Over 5.
• Yearly salary: $85,900 annually.
• Most earning Job: Petroleum Engineers, earning up to $300,000 per year.
• Normal Property prices: $2 million
• Contribution to GDP: it contributes about 60% to the GDP of the UAE.

2. San Francisco, USA

San Francisco is present in Northern California. It is a city that is very famous because of its locations, such as the Golden Gate Bridge. It is also very famous and important in the world of technology because many great technology countries are located in this city. Its famous and richest part is Silicon Valley. Many people live and dream of living here. It is the best place for people who love technology to live.

Wealthiest people in the city: include Mark Zuckerberg, Larry Page, and Elon Musk.

Must see locations

• Golden Gate Bridge – the most famous bridge in the world.
• Alcatraz Island – it is an old historic prison.
• Fisherman's Wharf – an area by the river with shops and seafood.
• Lombard Street – it is famous as the "crookedest street" in the world.
• Chinatown – a famous and old place in the U.S.

Source of Wealth

San Francisco's wealth is primarily driven by innovations in technology and venture capital, particularly in Silicon Valley.

• Millionaires: Over 250,000.
• Billionaires: Around 50.
• Yearly salary: $85,900 annually.
• Most earning Job: Tech Entrepreneur (varies, often millions).
• Normal Property prices: $1.7 million.
• GDP contribution: San Francisco contributes roughly 4% of the U.S. GDP.

3. Los Angeles, USA

Los Angeles, located in Southern California, is an expansive city famous for its warm climate, entertainment sector, and varied cultural landscape. Being the core of Hollywood and a hub for technology and fashion, LA represents creativity and innovation, establishing itself as a significant global influencer.

• The richest people of the city: have Hollywood billionaires like George Lucas and Steven Spielberg and also Elon Musk and Larry Page.

Must see locations

• Hollywood Walk of Fame – a place where the names of famous stars are written..
• Griffith Observatory - you can see Hollywood signs from here.
• Santa Monica Pier – it is a beach with rides.
• Getty Center – it is a famous art museum.
• Rodeo Drive – a street famous for shopping.

Source of Wealth

Its main and the biggest source of earning huge amounts of money is its entertainment industry. Hollywood earns a huge amount of money from its one single production, and it releases thousands of their productions every single year. It also has the technology companies and the luxury real estate market.

• Millionaires: Approximately 200,000.
• Billionaires: 50+.
• Yearly salary: $84,000 annually.
• Most earning Job: Entertainment Executive (around $400,000/year).
• Normal Property prices: $950,000.
• GDP contribution: Los Angeles contributes about 4% of the U.S. GDP.

4. Singapore

Singapore, a lively city-state in Southeast Asia, stands as a remarkable illustration of economic success and creativity. Renowned for its effective infrastructure and international atmosphere, it acts as a significant center for worldwide trade, finance, and technology. Even though it's compact, Singapore exerts a significant impact worldwide.

The richest inhabitants of the city: it has people like Eduardo Saverin (co-founder of Facebook) and the Sea Group co-founders Forrest Li and Gang Ye.

Must see locations

• Marina Bay Sands – a resort with an infinity pool.
• Gardens by the Bay – beautiful gardens in Singapore.
• Sentosa Island – has beaches, and Universal studios is also its part.
• Orchard Road – a place famous for shopping.
• Singapore Zoo – it has many wildlife to see.

Source of Wealth

Singapore benefits from low taxes, business-friendly policies, and its strategic location as a gateway to global markets.

• Millionaires: 240,000+.
• Billionaires: Over 50.
• Yearly salary: $62,000 annually.
• Most earning Job: Corporate Lawyer (up to $300,000/year).
• Average Property prices: $1.3 million.

5. Hong Kong, China

Hong Kong is located on China's southern coast. It is famous for its views and it is a major financial center of finance in Asia. This city is mainly famous because of its trade, commerce, and upscale living.

The richest citizens of the city: Renowned for its flourishing finance and property sectors, Hong Kong's billionaires feature Li Ka-shing and the Kwok family, with an estimated combined value in the billions.

Essential places to visit

• Victoria Peak – a place to see the skyline and bay.
• Temple Street Night Market – a marketplace with a variety of food.
• Ocean Park – An amusement center and theme park focused on marine life.
• Star Ferry – Provides picturesque voyages across Victoria Harbour.

Source of wealth:

The financial power of Hong Kong can be primarily credited to its strategic trade position and its robust banking and financial services sectors.

• Millionaires: Over 130,000.
• Billionaires: Around 40.
• Yearly salary: $55,000 annually.
• Most earning Job: Finance Director (up to $250,000/year).
• Normal Property prices: $1.5 million.
• GDP contribution: Hong Kong accounts for about 3.5% of China's GDP.

6. Dubai, UAE

Nestled in the Arabian Desert, Dubai, found in the United Arab Emirates, is a city of diversity, merging cultural heritage with modern skyscrapers. Renowned for its opulent living, shopping, and tourism, it has turned into a primary draw for business and tourism for individuals such as entrepreneurs and investors worldwide.

The richest inhabitants of the city: Dubai's affluence is strongly linked to individuals such as Sheikh Mohammed bin Rashid Al Maktoum and entrepreneur Majid Al Futtaim.

Essential places to visit:

• Burj Khalifa: it is the highest building in the world.
• Palm Jumeirah – it is a man-made island in Dubai.
• Dubai Miracle Garden –it is a garden with more than 50 million flowers.
• Desert Adventure – a place to do a desert safari and adventures.

Source of wealth

Dubai's wealth is rooted in its oil-driven economy, which has been successfully diversified into tourism, finance, and trade.

• Millionaires: Around 70,000.
• Billionaires: 20+.
• Yearly salary: $51,000 annually.
• Most earning Job: Investment Advisor (around $200,000/year).
• Normal Property prices: $650,000.
• GDP contribution: Dubai's economy contributes approximately 30% of the UAE's GDP.

7. New York City, United States of America

New York City is the largest city in the United States. It is known as the "Big Apple,". It is famous for its culture and the amount of financial power it has. It attracts people looking for finance, media, and technology industries.

The wealthiest residents of the city: it has people like Elon Musk, Jeff Bezos, and Warren Buffet, who are famous rich people.

Must see locations

• Statue of Liberty – it is a symbol of freedom and democracy.
• Central Park – park in the middle of Manhattan.
• Times Square – an area with theaters, shops, billboards and neon lights.
• Empire State Building – it shows views of the city.
• The Metropolitan Museum of Art – the world's biggest art museum.

Source of Wealth

It is growing because of finance, media, technology, and real estate, which increase its power.

• Millionaires: Approximately 340,000.
• Billionaires: Over 100.
• Yearly salary: $51,000 annually.
• Most earning Job: Investment Banker (around $200,000–$300,000/year).
• Normal Property prices: $1.1 million.
• GDP contribution: New York City contributes around 10% of the U.S. GDP​

8. London, UK

London is located by the River Thames. It is the capital of the UK. It is very famous and growing based on its finance and culture industry. It has many locations, such as the Tower of London. London has both history and modern things to see and visit. It is famous for its business, tourism, and art industries.

The wealthiest residents of the city: it has famous people like Sir Philip Green and Lakshmi Mittal who own Mittal Steels.

Must see locations

• The British Museum – it has statues like the Rosetta Stone.
• London Tower – a castle which has Crown Jewels.
• Palace of Buckingham – a place where British monarchs live.
• The Shard – a skyscraper with city views.

Source of Wealth

London's economy flourishes due to its strong finance, technology, and cultural sectors, positioning it as a global hub.

• Millionaires: Around 270,000.
• Billionaires: 80+.
• Yearly salary: $47,000 annually.
• Most earning Job: Hedge Fund Manager (up to $500,000/year).
• Normal Property prices: $1.2 million.
• GDP Contribution: London's economy contributes approximately 23% of the UK's GDP​.

9. Tokyo, Japan

Tokyo is the capital city of Japan. It is the busiest city in the world. It is famous for its technology industries. Tokyo citizens respect their traditions and also follow the modern trends of the world. It has an economy that keeps on growing. It is a political, cultural, and business center in Japan. Tokyo affects the international market largely.

Richest people of the city: Tokyo is home to Billionaires such as Tadashi Yanai (Uniqlo) and Masayoshi Son (SoftBank).

Must see locations

• Tokyo Tower – a tower showing views of the city.
• Senso-ji Temple – the oldest Buddhist temple.
• Akihabara – this place is best for anime lovers.
• Tsukiji Outer Market – famous area for Japanese seafood.

Source of Wealth

Electronics, automotive, and advanced technology industries are the industries that affect Tokyo's wealth.

• Millionaires: Around 300,000.
• Billionaires: Approximately 14
• Yearly salary: $39,000 annually.
• Most earning Job: Technology Executive (around $250,000/year).
• Normal Property prices: $750,000.
• GDP contribution: Tokyo accounts for about 20% of Japan's GDP

10. Beijing, China

Beijing is the capital of China and the political, cultural, and economic center of the nation. With its rapid urbanization and development, Beijing continues to play a vital role in China's global prominence and prosperity.

The wealthiest residents of the city: Jack Ma, owner of Alibaba, lives in Beijing, and also Li Ka-shing who owns Hysan Development and other technology industries. Their wealth has fueled the city's reputation as a global economic center.

Must see locations

• The Great Wall of China – wonders of this world.
• Tiananmen Square – An old and political place.
• Temple of Heaven – an old and ancient Chinese temple.
• Summer Palace – it is a royal garden and palace.

Source of Wealth

Beijing's wealth results from rapid industrialization and technological innovation, positioning it as a key player in China's economic growth.

• Millionaires: Over 150,000.
• Billionaires: Approximately 60.
• Yearly salary: $19,000 annually.
• Most earning Job: Corporate Executive (up to $300,000/year).
• Normal Property prices: $800,000.
• GDP contribution: Beijing contributes about 4% of China's GDP.

Closing In!

These cities are thriving economic centers and epitomize the fusion of opportunity, innovation, and wealth. Each city has leveraged its unique strengths, from booming financial sectors to flourishing tech industries, to become a beacon for ambitious individuals and businesses. Their ability to attract global investments and top talent solidifies their status as economic powerhouses. With strong infrastructures, favorable policies, and a globalized business environment, these cities continue to set the pace for growth and financial opportunity, securing their positions as key players on the world stage.