Lagos has been placed in 72^nd position in new list of the world’s wealthiest cities in 2023, with New York, Japan’s Tokyo, and Silicon Valley’s Bay Area claiming the first, second, and third spots, respectively.

The list, compiled by London-based consultancy Henley & Partners, ranked the cities by taking into account the number of resident millionaires (rounded off to the neared 1o0) as of December 31, 2022.

It was dominated by cities in the United States and China — Lagos is the only Nigerian city that got featured in the list, with South Africa’s Johannesburg ranked the wealthiest city in Africa.

The World’s Wealthiest Cities Report 2023 covered 97 cities across the world, using data from wealth intelligence firm, New World Wealth, which tracks the movements and spending habits of high-net-worth individuals with the work titles like Founder, Chairperson, CEO, and Director.

It also considered the number of highly-priced homes in the area, said Henley & Partners, on their website.

Rank City Country No. of High Net Worth Individuals

1 New York City United States 340,000

2 Tokyo Japan 290,300

3 The Bay Area United States 285,000

4 London United Kingdom 258,000

5 Singapore Singapore 240,100

6 Los Angeles United States 205,400

7 Hong Kong SAR China 129,500

8 Beijing China 128,200

9 Shanghai China 127,200

10 Sydney Australia 126,900

11 Chicago United States 124,000

12 Toronto Canada 105,200

13 Frankfurt Germany 102,200

14 Zurich Switzerland 99,300

15 Houston United States 98,500

16 Seoul South Korea 97,000

17 Melbourne Australia 96,000

18 Paris France 93,000

19 Geneva Switzerland 85,800

20 Dubai UAE 68,400

21 Mumbai India 59,400

22 Rome Italy 56,500

23 Seattle United States 50,500

24 Shenzhen China 45,700

25 Osaka Japan 44,900

26 Boston United States 41,700

27 Kyoto Japan 40,400

28 Miami United States 38,000

29 Vancouver Canada 37,300

30 Tel Aviv Israel 35,600

31 Moscow Russia 35,200

32 Perth Australia 33,900

33 Brisbane Australia 31,900

34 Austin United States 30,500

35 Hangzhou China 30,400

36 Delhi India 30,200

37 Madrid Spain 29,000

38 Auckland Australia 24,500

39 Abu Dhabi UAE 24,200

40 Manchester United Kingdom 24,200

41 Nice France 23,900

42 Guangzhou China 23,500

43 Athens Greece 23,100

44 Doha Qatar 21,500

45 Lisbon Portugal 20,800

46 Dublin Ireland 18,400

47 Riyadh Saudi Arabia 18,100

48 Montreal Canada 17,900

49 Monaco Monaco 17,600

50 Las Vegas United States 16,800

51 Istanbul Turkey 16,300

52 Warsaw Poland 15,100

53 Jerusalem Israel 15,100

54 San Diego United States 14,700

55 Calgary Canada 14,700

56 Johannesburg South Africa 14,600

57 Scottsdale United States 13,900

58 Barcelona Spain 13,300

59 Milan Italy 12,600

60 Bengaluru India 12,600

61 Edinburgh United Kingdom 12,400

62 Santa Barbara & Montecito United States 12,300

63 Kolkata India 12,100

64 Greenwich & Darien United States 11,900

65 Hyderabad India 11,100

66 West Palm Beach United States 9,400

67 Ho Chi Minh City Vietnam 7,700

68 Florence Italy 7,500

69 Cairo Egypt 7,400

70 Cape Town South Africa 7,200

71 St. Petersburg Russia 6,900

72 Lagos Nigeria 5,400

73 Budapest Hungary 5,300

74 Nairobi Kenya 4,700

75 Netanya Israel 4,300

76 Herzliya Israel 3,900

77 Sharjah UAE 3,800

78 Durban South Africa 3,600

79 Cape Winelands South Africa 3,400

80 Garden Route South Africa 3,000

81 Casablanca Morocco 2,800

82 Pretoria South Africa 2,400

83 Accra Ghana 2,000

84 Luanda Angola 1,800

85 Dar Es Salaam Tanzania 1,400

86 Whale Coast South Africa 1,100

87 Windhoek Namibia 1,100

88 Marrakech Morocco 900

89 Addis Ababa Ethiopia 800

90 Kigali Rwanda 800

91 Maputo Mozambique 800

92 Mombasa Kenya 700

93 Tangier Morocco 700

94 Lusaka Zambia 600

95 Swakopmund Namibia 300

96 Walvis Bay Namibia 300

(Nigerian Tribune)

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