NYC is officially the richest city in the world, report says

New York’s Staten Island — Many towns around the world are regarded as centers of prosperity, drawing inhabitants with their pockets of business and long stretches of opulent living. Which city, however, is home to the greatest number of millionaires and epitomizes investable wealth? NYC is officially the richest city in the world, per a recent research.

According to recent study by Henley & Partners, which considered a number of parameters when creating the ranking of the wealthiest cities worldwide, the Big Apple is the financial hub of the United States and the richest city in the world by a number of measures. The city is home to some of the most upscale residential avenues in the world, such as Manhattan’s Fifth Avenue [and] The NYSE and the Nasdaq, the two biggest stock exchanges in the world by market capitalization, are also based in New York City. The wealth of the city’s citizens surpasses $3 trillion, which is more than the wealth of the majority of the big G20 nations.

According to the poll, there are at least 744 centi-millionaires—those with more than $100 million in investable wealth—and about 350,000 millionaires in New York, a 48% rise from just ten years ago. According to reports, New York City is home to 60 billionaires.

Los Angeles and the San Francisco Bay Area are two more American cities that made the top 10. According to Henley & Partners, these ten cities are the richest in the world:

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