Question

What’s going in the international news today and how does it correlate to the United States

Answer 1

New World Wealth Report was recently released which ranked Cities around the world on the basis of their wealth.

Total wealth refers to the private wealth held up by all the individuals living in a city.

The list of 15 wealthiest cities was topped by New York with a risk wealth of $3 trillion.

"Home to the two largest stock exchanges in the world, areas around New York such as Connecticut and Long Island also contain a large amount of wealth that is not included in this figure,” the report said.

London ranked second in the list with $2.7 trillion, followed by Tokyo ($2.5 trillion), and San Francisco Bay area ($2.3 trillion).

Others in the list include Beijing ($2.2 trillion), Shanghai ($2 trillion), Los Angeles ($1.4 trillion), Hong Kong ($1.3 trillion), Sydney ($1 trillion), Singapore ($1 trillion) and Chicago ($988 billion).

Among the 15 cities listed, San Francisco, Beijing, Shanghai, Mumbai and Sydney were the fastest growing in terms of wealth growth over the past 10 years, the report said.

Notable cities that just missed out on top 15 include Houston, Geneva, Osaka, Seoul, Shenzhen, Melbourne, Zurich and Dallas, the report added.