This Is the Richest City in the World, According to a New Report
Nikhita Mahtani
Thu, October 13, 2022 at 4:18 PM.

Some cities just emanate glitz and glamor (think: the gold souks in Dubai, the skyrise buildings in Hong Kong, or even the huge mansions in Silicon Valley). These are all signs that a city is incredibly wealthy, but according to a recent report by global residence and citizen firm Henley & Partners, the wealthiest city is actually right here in the U.S.

The study measured the most millionaires per city worldwide, and it turns out that New York City tops the list at number one. According to Henley & Partners, NYC is home to 345,600 millionaires, including 737 centi-millionaires (with wealth of USD 100 million or more) and 59 billionaires. The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. As part of this report, the company reviewed the fastest-growing cities and towns for high-net-worth individuals globally between January and June 2022. As NYC is the financial center of the U.S. and home to the world’s two largest stock exchanges by market cap (the Dow Jones and NASDAQ), it’s understood that it would be high up there. Additionally, the total private wealth held by the city’s residents exceeds USD $3 trillion—higher than the total private wealth held in most major G20 countries, according to the report.

In terms of real estate, however, it seems NYC is not the most expensive market in the world. Data from UK-based real estate company Savills shows Monaco ranks the most expensive real estate worldwide, with an average price of 51,912 Euros per square meter: This is up 9 percent when compared to 2021. Hong Kong comes in second at 40,000 Euros per square meter on average, while New York, although third, trails way behind at an average price of 22,910 Euros per square meter. The other seven are as follows: Tokyo (19,730 Euros), Shanghai (19,520 Euros), London (18,590 Euros), Sydney (17,690 Euros), Seoul (17,690 Euros), Shenzhen (16,190 Euros), and Paris (15,390 Euros). So there is some overlap between the lists, but not that much.

“NY is in the top decile of expensive markets, and it will continue to be in the top decile,” says Janice McDill, communications manager at housing company Knock. “Since home prices are forecasted to increase by 10 percent, the NYC market will favor sellers even more next year.” And in terms of U.S. reports, New York is the top most expensive metropolitan metro for real estate—but overall, Silicon Valley tops the list. This could potentially be due to the size of properties in New York City (an average home is $1.66 million in Manhattan) versus the much larger homes in Artherton, CA ($10.05 million).

This isn't too surprising; both New York and California made our list of the most expensive states to live. Still, $1.66 million is no easy feat. So, what’s one to do if they’re looking to buy a home in one of the world’s most expensive cities? Consider waiting for the market to fall, for one: According to McDill, rates post-pandemic have skyrocketed, but national prices are meant to be flat over the next year, and eventually the market may fall due to a potential recession. You can also consider a fixer upper in order to get a cheaper price on a home, or look to find a low down payment loan (potentially an FHA or VA loan), so you’re able to have both a low monthly payment and down payment when you’re looking to buy a home in a more expensive area.

https://www.yahoo.com/lifestyle/richest-city-world-according-report-151800494.html

Luxembough remains the richest country in the world. And it is a landlocked country

Ask tinubu? He wil said is lagos

Why they no put Tinubu's Lagos?

This is for city and not for Country

Emyogalanya:
Luxembough remains the richest country in the world. And it is a landlocked country

It's Lagos if u doubt ask Tinubu urchins

Of course it must be New York City or the report is incorrect

America actually thinks the world revovles around them. They'll compile list and tag it 'world's best or famous this or that,' but will make sure to dash themselves the top 5 positions. But if its something bad they'll push it to Asia and Africa.

AsabaPropertyAg:

This is for city and not for Country

Ok noted

detectivejones:
America actually thinks the world revovles around them. They'll compile list and tag it 'world's best or famous this or that,' but will make sure to dash themselves the top 5 positions. But if its something bad they'll push it to Asia and Africa.

Don't we do the same down here in africa and nig?

Nyamirin pigs with their disdainful and bitterness souls mentioning Lagos in comparison with other greats cities

Why non of their poverty ravaged villages are no where on google map of best villages.


Lagos we be among the top 10 richest city in the world only if we can obliterate the Obiiidiots, shilren of 8 and frustration from our great city.

fman:
Why they no put Tinubu's Lagos?

you want them to carry ur matter for head cus of their Lagos. You want to to cry abi

Lawly:


you want them to carry ur matter for head cus of their Lagos. You want to to cry abi

cry ke?
U dey whine yourself.
Me wey love cruise!!

So no any south east state in nigeria, the list must be fake. Everyone in south east nigeria are millionaire and billionaires

Umuahia

New York, a beautiful City

AsabaPropertyAg:
This Is the Richest City in the World, According to a New Report
Nikhita Mahtani
Thu, October 13, 2022 at 4:18 PM.

Some cities just emanate glitz and glamor (think: the gold souks in Dubai, the skyrise buildings in Hong Kong, or even the huge mansions in Silicon Valley). These are all signs that a city is incredibly wealthy, but according to a recent report by global residence and citizen firm Henley & Partners, the wealthiest city is actually right here in the U.S.

The study measured the most millionaires per city worldwide, and it turns out that New York City tops the list at number one. According to Henley & Partners, NYC is home to 345,600 millionaires, including 737 centi-millionaires (with wealth of USD 100 million or more) and 59 billionaires. The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. As part of this report, the company reviewed the fastest-growing cities and towns for high-net-worth individuals globally between January and June 2022. As NYC is the financial center of the U.S. and home to the world’s two largest stock exchanges by market cap (the Dow Jones and NASDAQ), it’s understood that it would be high up there. Additionally, the total private wealth held by the city’s residents exceeds USD $3 trillion—higher than the total private wealth held in most major G20 countries, according to the report.

In terms of real estate, however, it seems NYC is not the most expensive market in the world. Data from UK-based real estate company Savills shows Monaco ranks the most expensive real estate worldwide, with an average price of 51,912 Euros per square meter: This is up 9 percent when compared to 2021. Hong Kong comes in second at 40,000 Euros per square meter on average, while New York, although third, trails way behind at an average price of 22,910 Euros per square meter. The other seven are as follows: Tokyo (19,730 Euros), Shanghai (19,520 Euros), London (18,590 Euros), Sydney (17,690 Euros), Seoul (17,690 Euros), Shenzhen (16,190 Euros), and Paris (15,390 Euros). So there is some overlap between the lists, but not that much.

“NY is in the top decile of expensive markets, and it will continue to be in the top decile,” says Janice McDill, communications manager at housing company Knock. “Since home prices are forecasted to increase by 10 percent, the NYC market will favor sellers even more next year.” And in terms of U.S. reports, New York is the top most expensive metropolitan metro for real estate—but overall, Silicon Valley tops the list. This could potentially be due to the size of properties in New York City (an average home is $1.66 million in Manhattan) versus the much larger homes in Artherton, CA ($10.05 million).

This isn't too surprising; both New York and California made our list of the most expensive states to live. Still, $1.66 million is no easy feat. So, what’s one to do if they’re looking to buy a home in one of the world’s most expensive cities? Consider waiting for the market to fall, for one: According to McDill, rates post-pandemic have skyrocketed, but national prices are meant to be flat over the next year, and eventually the market may fall due to a potential recession. You can also consider a fixer upper in order to get a cheaper price on a home, or look to find a low down payment loan (potentially an FHA or VA loan), so you’re able to have both a low monthly payment and down payment when you’re looking to buy a home in a more expensive area.

https://www.yahoo.com/lifestyle/richest-city-world-according-report-151800494.html

It has always been New York City

Emyogalanya:
Luxembough remains the richest country in the world. And it is a landlocked country

You forgot to mention, Luxembourg the most expensive to habitat.

KingKO22:
Nyamirin pigs with their disdainful and bitterness souls mentioning Lagos in comparison with other greats cities

Why non of their poverty ravaged villages are no where on google map of best villages.


Lagos we be among the top 10 richest city in the world only if we can obliterate the Obiiidiots, shilren of 8 and frustration from our great city.

You will obliterate your generation

No single tree .
It's such a poor city.

Nobody love NYC more than 50cent

The richest city in the world is ikeja

flamingREED:
No single tree .
It's such a poor city.

Oh, u saw that too . I wanted to ask o

New York city

New York Beautiful oooo

AsabaPropertyAg:
New York Beautiful oooo

It isn't really.

Headachetoigboh:
It's Lagos if u doubt ask Tinubu urchins

make una dey mock una sh*thole. 2023 its gonna be sockaway.

Emyogalanya:
Luxembough remains the richest country in the world. And it is a landlocked country

you mean a dot country?

This Is the Richest City in the World, According to a New Report
Nikhita Mahtani
Thu, October 13, 2022 at 4:18 PM.

muyico:
Ask tinubu? He wil said is lagos

Your English is scary.