London Richest City In World

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    London, England; New York City, NY; and Tokyo, Japan; round out the top three richest cities in the world, according to global wealth intelligence and market research firm New World Wealth. The total amount of wealth held by residents in London is estimated to be around $2.7 trillion. There are 357,000 millionaires and 62 billionaires living in this city, which is home to the third largest stock exchange in the world. Private individuals in New York City, which is home to 336,000 millionaires and 65 billionaires, own about $2.6 trillion in wealth. The two largest stock exchanges in the world, Dow Jones and Nasdaq, are based here. Tokyo, Japan’s capital, is home to 272,000 millionaires and 14 billionaires. Their fortunes, plus all the other wealth held by the rest of the residents in the city, stand at approximately $2.2 trillion. Toronto, ON, with 108,000 millionaires and 12 billionaires and $850 billion, ranked 12th on the list of the top 15.