The World's Wealthiest Cities
Following Snapshot gives you a selection of the "Top 15 Cities", the "15", which in total globally hold USD 24 trillion in Wealth. >> That's about 11% of the world's total private wealth. Why the focus on Asia here? Well, let's recheck the future...
This extract from the "Chart of the Week" is a VisualCapitalist-feature
...trends: Global wealth is expected to rise by 50% over the next decade, reaching (potentially) USD 321 trillion by the year 2027. This will again be driven by strong growth in Asia...(see also the .pdf-link at the end of this posting).
In this connection a comment on India / The drivers behind the growth in India should be:
♦Large number of entrepreneurs,
♦Good educational system and English speaking.
♦Strong growth forecast in the local financial services, IT, business process outsourcing, real estate, healthcare and media sectors (the 10 year wealth growth forecast being: 200%).
Cities to look out for (in India): Pune, Hyderabad, Bangalore, Mumbai, Delhi, Kolkata
But let's recap on all the "wealthy cities" worldwide
Which cities are the world's economic powerhouses, and what portion of global wealth is located in these key urban centers?
The chart above pulls information from the latest report from market research firm New World Wealth.The data shown in the chart represents the total amount of private wealth held by all the individuals living in each of these cities (the focus being ASIA in the chart-extract given here). Figures include all assets (property, cash, equities, business interests) less any liabilities.
For full information on the "Top 15 Wealth cities" (apart from Asia) please find following information:
1. New York City: Total wealth held in the city amounts to USD 3.0 trillion. Home to the two largest stock exchanges in the world (Dow Jones and NASDAQ). Areas around New York such as Connecticut and Long Island also contain a large amount of wealth that is not included in this figure.
2. London: Total wealth held in the city amounts to USD 2.7 trillion. Home to the 6th largest stock exchange in the world. Small towns around London such as Windsor, Ascot, Virginia Water, Leatherhead, Weybridge, Henley, Marlow and Bray also contain a large amount of wealth that is not included in this figure.
4. San Francisco Bay area: Total wealth held in the area amounts to USD 2.3 trillion. Figures include: San Francisco, Silicon Valley, San Jose, Oakland, Palo Alto, Los Altos, Redwood City, Moraga, San Mateo and Mountain View.
7. Los Angeles: Total wealth held in the city amounts to USD 1.4 trillion. Our figures for Los Angeles include wealth held in Los Angeles, Malibu and Beverley Hills.
9. Sydney: Total wealth held in the city amounts to USD 1.0 trillion. Sydney is one of the top financial centers in Asia and has become one of the most sought after destinations for the world’s super-rich due to its lifestyle, safety and climate. Major industries include financial services, real estate, IT, tourism, retail and media
11. Chicago: Total wealth held in the city amounts to USD 988 billion. Strong in a large number of sectors. Major industries include transportation, financial services (insurance), FMCG and manufacturing.
13. Toronto: Total wealth held in the city amounts to USD 944 billion. Toronto is home to the 9th largest stock exchange in the world. Major industries include financial services, real estate, IT, media and
14. Frankfurt: Total wealth held in the city amounts to USD 912 billion. Frankfurt is home to the 11th largest stock exchange in the world and is the financial capital of mainland Europe. Major industries include financial services and professional services.
15. Paris: Total wealth held in the city amounts to USD 860 billion. Major industries include financial services, real estate and manufacturing (automotive, luxury consumables).
Another "give-away" / The rise of the Asia 7
"One can guess(timate) that the big 7 wealth markets in Asia (also known as the "Asia7") are going to perform well in terms of wealth growth over the next 10 years. The "Asia7" include the following seven countries (ranked by total wealth):
If you don't wanna do the math, well: I did it :-)
If you sum up the current wealth in the 4 countries given above you reach a total value of ca. USD 58.7 trillion.
If you calculate the numbers for the TOP 4 in Asia you will get a sum of ca. USD 130 trn (for the year 2027).
The conclusion would therefore be a growth for the TOP 4 Asia-countries of ca. + 120% (in the upcoming 10 years).
This would be a Wealth-growth of ca. USD 71 USD trn from the year 2017 until 2027!