According to a new report In 2012 from human resources firm Mercer Consulting, the cost of living in North American, Asian and African cities has been rising this past year, despite the global slowdown. About 214 cities worldwide and used New York City as the benchmark. Here is the list of Top Ten Richest Cities In World.
10. São Paulo ( Brazil )
Sao Paulo city representing the growing prowess of developing world. Sao Paulo is main commercial city of Brazil. GDP of $388 Billion is almost same as Philadelphia. Sao Paulo The name of the city honors Saint Paul, Sao Paulo is the largest city in Brazil as well and worlds seventh largest city by population, Sao Paulo is on no 10 in the list of Top Ten Richest Cities In World.
9. Philadelphia ( USA )
Philadelphia is fourth richest city in United States, THe city is home of many fortune 500 companies. Major economic activities of city is oil refining and Financial Services. It has GDP of $388 Dollar. Philadelphia is the largest city in the Commonwealth of Pennsylvania and fifth most popular city in United States. on no 9 in the list of Top Ten Richest Cities In World.
8. Mexico City
Mexico City is one of the most important financial and cultural centers in North America. Mexico city is One of the most important financial centre in Latin America, Mexico City is richest city among the cities of developing nations. It is also known as Federal City. A GDP of $390 Billion is more than entire GDP of many Latin American countries. Mexico is on no 8 in the list of Top Ten Richest Cities In World.
7. Osaka ( Japan )
Osaka city is located in Kansai Region of Japan’s main island of Honshu, Osaka plays very important role in global economy. Electronic giants Panasonic, Sharp, Sanyo have their headquarters in this city. GDP was $417 Billion in 2008. Osaka is on no 7 in the list of Top Ten Richest Cities In World.
6. Paris ( France )
Paris city is the capital city of France and also the country’s largest city, It is situated on the river Seine, It would be among top 20 rich economies had it been a country. Paris and the Paris Region, with €552.7 billion (US$813.4 billion) Paris is on no 6 in Top Ten Richest Cities In World.
5. London ( England )
London is the capital of England one of the great and beautiful city of the World. London is one of the most important financial centres of the world and famous for its safe and luxuries life. With a GDP of $565 Billion it is Europe’s richest and most vibrant city.With a GDP of $565 Billion it is Europe’s richest and most vibrant city. on no 5 in the list of Top Ten Richest Cities In World.
4. Chicago ( USA )
Chicago is the largest city in Illinois, and the third most popular city in United States. The city has approximately 2.7 million residents. Commodity trading in Chicago has maximum turn over handled by its Chicago Mercantile Exchange. GDP was $574 Billion, On no 4 in Top Ten Richest Cities In World.
3. Los Angeles ( USA )
Los Angeles city with the population at 2010 37,97,721 the most popular city of California State. Though it holds third spot in list of richest it is not as big financial capital as New York or London. Los Angeles had a GDP of $592 Los Angeles is a world centre of Business, International trade, Entertainment, Culture,Media, Fashion, Science, Technology and Education.
2. New York ( USA )
New york city is the most popular city of USA. The city is referred to as New York City or The City of New York to distinguish it from the State of New York, New York is headquarter for all the major banks and financial institutions of the world. GDP in 2008 was $1406 Billion, New York Stock Exchange is world’s largest stock exchange by market capitalization.
1. Tokyo ( Japan )
Tokyo city is the capital of Japan. Tokyo is the center of Greater Tokyo Area and the largest metropolitan area in the world. Tokyo city still holds its position as richest city in spite of stagnant Japanese economy of ‘the lost decade’. With a GDP of $1479 Billion. In 2009 Tokyo was named the world’s most expensive city for expatriate employees.