North America dominates the ranking, with seven cities in the top 20 and five of those in the top 10. The United States alone claims the top spot with New York City and has five cities in the top 10.
Asia follows with six cities, three of which are located in China, including Hong Kong (SAR). Europe comes in third with five cities, with only London making it into the top 10.
Australia has two cities on the list, Sydney and Melbourne.
New York is the wealthiest city in the world, with 345,600 millionaires and a private wealth exceeding $3 trillion. The city is the financial heart of the United States and is home to many Fortune 500 companies and the New York Stock Exchange and NASDAQ. Tokyo, the economic hub of Japan, is home to 304,900 millionaires and is one of the most significant cities in the world for business and finance.
The San Francisco Bay Area is known as the mecca of tech innovation and has 276,400 millionaires, with the highest median household income in the country.
In conclusion, while this ranking is not all-encompassing, it provides a perspective on the financial health and economic activity of some of the world's wealthiest cities. With two cities on the list, Australia proves to be a hub of financial activity and prosperity.
