New York tops the list of world’s richest cities in 2024

The world’s wealthiest cities generate massive economic output, attracting billionaires, businesses, and investors. Based on GDP, the top 10 richest cities showcase financial powerhouses that drive global markets.

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At number 10 is Dallas, USA, with an annual GDP of $744 billion. Known for its booming business sector, the city thrives on finance, technology, and oil industries. San Francisco follows at 9th place with a GDP of $778 billion, bolstered by its role as a tech and innovation hub.

São Paulo, Brazil, takes the 8th spot with a GDP of $780 billion, making it the economic center of South America. In 7th place, Seoul, South Korea, boasts a GDP of $878.5 billion, fueled by its advanced technology sector and global exports.

Ranked 6th, Chicago, USA, generates $894.9 billion annually, driven by its strong finance and manufacturing industries. London, UK, at 5th place, remains a global investment hotspot, particularly in real estate, with a GDP of $1 trillion.

In 4th place, Paris, France, earns much of its $1.1 trillion GDP from tourism, luxury goods, and finance. Los Angeles, USA, ranks 3rd with a GDP of $1.29 trillion, fueled by Hollywood, tech, and trade.

The second richest city is Tokyo, Japan, with a staggering $2.1 trillion GDP, thanks to its automotive and electronics industries. However, New York City tops the list as the world’s richest city, boasting a $2.3 trillion GDP, making it the financial epicenter of the world.

These cities continue to shape the global economy, attracting wealth and innovation.