This video is about the Top 50 Richest Cities in the World.
Source: Yahoo Finance
Methodology: As part of our search for the richest cities, we first used data from Henley Global to see which cities have the highest number of millionaires. However, since millionaires are like needles in a haystack, especially for some of the larger cities on our list, we then took a look at the most expensive cities in the world as another proxy for wealth. After all, in most cases, you have to be rich if you're living in an expensive city. Finally, while the list of millionaires counts the wealthy, and the list of most expensive cities measures living standards, a broader metric of overall spending power was needed. This came in the form of after-tax incomes, with the figure for San Francisco taken from the Census Bureau. These three metrics gave us an initial list of the 107 richest cities in the world. Each time a city appeared on a list, it was awarded a point corresponding to its ranking.
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