10. Shanghai, China (GDP: $516.5 Billion)
With a GDP of almost 516.5 billion U.S. Dollars, Shanghai is the 10th richest country in the world. Additionally, Shanghai is also one of the major commercial and financial centers of the world. In recent 20 years, the Chinese city has grown at a very rapid pace leading it as one the fastest developing cities in the world. Shanghai furthermore is the home to SAIC Motor Corporation Limited, which stands among the 4 biggest Chinese Automakers. The container port of Shanghai is a favorable port due to its location and is the world’s busiest container port. Apart from heavy industries and shipping capabilities, the city draws a considerable part of its GDP from the tourism industry within Shanghai.
9. Moscow, Russia (GDP: $520.1 Billion)
Featuring at number 9 on the list of top 10 richest cities in the world is Moscow, which is also the capital of Russia. Furthermore, Moscow is the largest city residing in Russia as well as in the European Continent and its estimated population is 13.2 million within the city limits. The high economic growth of Moscow is highly dependent on industries, giant banks, and prominent companies including the Natural gas Company Gazprom. The Mil Moscow Helicopter Plant located in Moscow is among the leading producers of military and Civil Helicopters in the world. The city also holds a number of tourist attractions that include architectural buildings, historical sites, and religious sites.
8. Chicago, USA (GDP: $524.6 Billion)
Chicago is the third most crowded city in the U.S. had 2.7 million residents. In terms of wealth and economy, Chicago is one of the most important centers in the world. The city’s major sources of income for its commercial growth include manufacturing industries, printing and publishing work, insurance, and food processing. Chicago is an international hub for finance, technology, telecommunications, and transportation. The O’Hare International Airport of Chicago is the 6th busiest airport in the World. The estimated GDP of this American city is $524.6 Billion, making it the 8th richest city in the world.
7. Osaka, Japan (GDP: $654.8 Billion)
The Japanese city of Osaka, which lies in the Kansai region is at the number 7th spot on this list. Staying among the top 10 richest cities in the world, Osaka’s GDP is nearly 654.8 million U.S. Dollars. In the historical period, Osaka was one of the major commerce centers located in Japan. The city is home to some of the leading technology companies such as Panasonic, Sharp, and Sanyo. Osaka’s metal, textile and plastic industries are key to its rapid economic growth. Apart from manufacturing industries, the commerce and services sector of Osaka contributes 26 percent and 11 percent respectively, to the overall economy of the city.
6. Paris, France (GDP: $669.2 Billion)
The city of lights, Paris is at the 6th spot on our list of top 10 richest cities in the world. Paris is the capital of France and is among the major centers of finance, science, and commerce located in the European continent. The city has high-tech industries that specialize in manufacturing electronics, optics, and aerospace units. Apart from industries, the city is a globally famous tourist destination. The city is well known for its museums and architectural monuments especially Eiffel Tower that attracts visitors from around the world. The GDP of Paris is nearly $669.2 billion, which accounts for 30 percent of the overall economy of France.
5. London, England (GDP: $731.2 Billion)
The next city on this list is London, which is the capital of England. With an annual economy of $731.2 billion, London is the 5th richest city in the world. The global city of London is among the leading cities in terms of commerce, entertainment, finance, research and development, healthcare, and tourism. The economy of London itself accounts for 20 percent of the overall GDP of the UK. The city of London ranks at the top as the world’s largest financial center. London is one of the most visited cities in the world and is home to 4 World Heritage sites including, the Tower of London and the Palace of Westminster.
4. Seoul, South Korea (GDP: $779.3 Billion)
With an enormous GDP of 779.3 billion U.S. Dollars, the South Korean city of Seoul is at the 4th spot on this list. The city of Seoul stands on the Han River and is a hub for the world’s leading technologies. Areas including Gangnam and Digital Media City are the primary technological hubs holding the world’s biggest technology giants such as LG and Samsung. Furthermore, Seoul is at 6th rank in the Global Power City Index and is also Asia’s most liveable city. The high economy of Seoul is a direct result of the city’s advanced commerce, finance, and manufacturing industries.
3. Los Angeles, USA (GDP: $789.7 Billion)
Los Angeles is the second most populated city in the United States and is located in the Los Angeles County of the state of California. The three sides of the city are surrounded by mountains, which adds charm to the city’s beauty. The annual income of Los Angeles is estimated to be $789.7 billion, making it the world’s 3rd richest city. The humongous economy of Los Angeles is due to various industries including, aerospace, technology, entertainment, fashion, tourism, and trade. The rich city of Los Angeles is also the home to the world’s leading entertainment industry, Hollywood.
2. New York, USA (GDP: $1,210 Billion)
Standing on the 2nd spot on the list of top 10 richest countries in the world is the city of New York. New York is the most populated city in the United States with an estimated population of 8.6 million residents. New York is a world-famous tourist destination with attractions such as Times Square, Central Park, Brooklyn Bridge, and the Statue of Liberty. The GDP of the city is nearly $ 1,210 billion and its major economic sectors are, banking and finance, transportation, real estate, legal services, theatre, and advertising. The city is a major global hub of many international businesses and is also home to many Fortune 500 companies.
1 Tokyo, Japan (GDP: $1,520 Billion)
Tokyo is the capital of Japan and with a GDP of $1,520 Billion, it is the richest city in the world. This Japanese city is also at the top of the Global Economic Power Index and among the safest cities in the world. The ultra-high economy of Tokyo depends upon the transportation, electronics, broadcasting, publishing, and tourism sectors. The city is also the headquarters for some of the world-leading banks and insurance companies such as the Bank of Japan. The Tokyo Stock Exchange located in the city is Japan’s largest stock exchange and is also at number 3rd among the world’s top stock exchanges in terms of market capitalization.