The 15 richest cities hold 11% of the planet's wealth

Business Insider | 2/21/2018 | Jeff Desjardins, Visual Capitalist
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The 15 wealthiest cities in the world collectively hold $24 trillion, according to a report from market research firm New World Wealth.

New York City came in as the wealthiest city in the world, followed closely by London and Tokyo.

Cities - World - Powerhouses - Portion - Wealth

Which cities are the world's economic powerhouses, and what portion of global wealth is located in these key urban centers?

Today's chart pulls information from the latest report from market research firm New World Wealth, which we previously cited weeks ago when we visualized the shift in global wealth over the last decade.

Data - Chart - Amount - Wealth - Individuals

The data shown in this chart represents the total amount of private wealth held by all the individuals living in each of these cities.

Figures here include all assets (property, cash, equities, business interests) less any liabilities. Meanwhile, government funds are excluded from these figures.

New - World - Wealth - Cities - Houston

New World Wealth also mentions that there were eight cities that just missed out on the top 15: Houston, Geneva, Osaka, Seoul, Shenzhen, Melbourne, Zurich and Dallas.

It should also be made clear that wealth is a different measure than Gross Domestic Product (GDP), which is another common metric used to gauge economic power. That said, we do have a list of U.S. cities by GDP...
(Excerpt) Read more at: Business Insider
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