Governance, health, security, education, freedom, and prosperity are all the factors that make a city/ country rich in the real sense.
However, here's a list of the cities with most billionaires (2017) and cities with the highest GDP.
#1. New York
Billionaires: 82
New York is a dream city for almost every person on this planet. It's the richest city in the world (2017). It is expensive and has soaring living standards. New York is the mecca for the billionaires.
(Image Courtesy: Income Figure)
#2. Hong Kong
Billionaires: 75
Hong Kong is a home to 7+ Million people and all thanks to the real estate sector that the fortunate ones have their take. Out of 75, around 24 billionaires are making money out of the real estate sector. The tax-friendly conditions have proven best for businesses to flourish.
(Image Courtesy: Tech Crunch)
#3. Moscow
Billionaires: 73
The city is a home to extraordinary people who gained their fortune from industries like natural gas, coal, steel, and metal. It's a fountain of wealth. And Mexico is the ultimate choice for the richest.
(Image Courtesy: Herbert)
#4. Beijing
Billionaires: 54
Beijing is not only a wealthy city but also a cultural, political and international center. The city has a significant status and has developed at a rapid pace. Its economic base is unflinchingly strong.
(Image Courtesy: Sarah)
#5. London
Billionaires: 50
The city is a hub for super rich people. Maximum properties are owned by immigrants who belong to the high network, foreign investors are flooding in, and the legal system is being stable are a few of those reasons that flourish the city.
(Image Courtesy: London)
Cities With The Highest GDP
These are the richest cities in the world as per capita income.
#1. Tokyo
(GDP: $1,520 Billion)
Being the richest city in the world (2017) in terms of GDP, Tokyo is a financial hub that caters to several investment banks along with insurance companies. It's a center for publishing, transportation, broadcasting and electronic industries.
(Image Courtesy: O'Melveny)
#2. New York
(GDP: $1,210 Billion)
The city that never is the second in terms of GDP. NYC deploys advanced services of management, law, accountancy, and banking. Advertising sector is also one of the global centers along with finance, arts, real estate and healthcare.
(Image Courtesy: Business Insider)
#3. Los Angeles
(GDP: $789.7 Billion)
LA is the focal point of entertainment as Hollywood is a part of it. It's a global city for banking and finance sectors. The city is also known for fashion, culture, technology, education, media, sports and medicine.
(Image Courtesy: Correlator)
(GDP: $779.3 Billion)
This South Koren city is a rising economy and is ranked second for being the most livable Asian city. Samsung, LG, Hyundai-Kia hail from this technological center. It's also known for its transportation services along with textile, electronics, steel, and iron.
(Image Courtesy: New Geography)
#5. London
(GDP: $731.2 Billion)
In the international business sector, London is a leading center. It's the fifth largest economy in terms of GDP and contributes around 22% to the entire UK. Export income combines around £92 billion, construction industry contributes 15%, and 18% is employed in technical, professional and scientific services.
(Image Courtesy: City Matrix)
But Do The Richest Cities In The World (2017) Have Happy And Prosperous Citizens?
It's true that individual prosperity and happiness doesn't increase with the growing wealth of nation or a few billionaires. The happiest cities/ countries can be the ones who are not ranking high on GDP but on safety, satisfaction, and comfort.
#1. Norway
The country tops when it comes to individual prosperity.
(Image Courtesy: Visit Norway)
#2. Denmark
The country has better governance, education along with positive social life.
#3. New Zealand
This place is known for its community engagement along with increasing prosperity levels.
(Image Courtesy: Travelers)
#4. Canada
This is truly a free land. Each person enjoys personal freedom and a quality life.
#5. Netherlands
It's known for better healthcare standards, educational levels along with personal freedom.
(Image Courtesy: Blogger)
#6. Iceland
Iceland is an example where people aren't only into entrepreneurship, but there also is safety, personal freedom, and individual prosperity.
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1 Opinion
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This is not necessarily the case. Higher GDP is a great thing but the concept fails to take into account the income gap among the masses. If the rich keep getting richer, the GDP of a city or country will rise but it does not essentially mean that there are no poor in that society.
Also, Bhutan may not be ranked even close to the top as far as the nations with highest GDPs are concerned but it is often regarded as one of the happiest countries in the world. It stands as a testament to the fact that happiness and prosperity has nothing or very less to do with wealth and fortune.