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Anyone who’s ever walked Santa Monica or passed through Beverly Hills can say that Los Angeles is home to the rich and famous.
An annual survey ranks among the 50 richest cities in the world, with Los Angeles ranked fifth. Three other American cities, including New York, the Bay Area and Chicago, fall below the top ten.
The Global Ranking is the “Definitive Guide to Urban Wealth” published annually by Henley & Partners in collaboration with Wealth Intelligence Firm New World Wealth. The report accurately identifies where all of these mythical billionaires and billionaires appear to live around the world, and provides a comprehensive review of the world’s 50 richest cities, including “inspector insights on economic liquidity, prime properties, investment migration sector and wealth management.”
Researchers specifically pointed out that Los Angeles currently has a home base and $4.5 billion in net worth, with a $100 million.
“When it comes to creating wealth for most entrepreneurs in this segment, the Sentimerion type is undoubtedly the most important wealth band,” reads the report. “It’s worth noting that most companies, the Fortune 500, S&P 500, FTSE 100 and Nikkei 225, were launched by individuals who have now turned 1 million people.”
Between 2014 and 2024, Los Angeles had a 35% increase in the billionaire population, which knocked London out of its previous No. 5 ranking. The British capital, along with Moscow, is one of only two cities, with the number of billionaires diminished.
The 10 richest cities in the world:
New York Bay Area Tokyo Singapore Los Angeles London Paris Hong Kong Sydney Chicago
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