Forbes magazine has updated the list of the richest cities in the world by taking the cities with the largest number of billionaires.

But which is the richest city in the world in 2023? Where do the richest people in the world live in 2023 and who are they?

1. NEW YORK – $616.8 billion
101 out of 2,640 billionaires live in New York, USA. Although last year 6 billionaires left the city, this year he managed to become the first again. About a quarter of New York's wealth is owned by the city's richest citizens, Michael Bloomberg and Julia Koch.

2. HONG KONG – $286.8 billion
The number of billionaires increased to 70 as of 2023 in the Chinese city of Hong Kong, which ranks second. The richest person in the region is Li Ka Shing with a fortune of 38 billion dollars.

3. BEIJING – $247.2 billion
68 billionaires continue to live in Beijing, which ranked first in 2021. The richest man in the city is Zhang Yiming with a fortune of $45 billion.

4. SHANGHAI – $181.9 billion
Shanghai, another city in China, ranks 4th. Shanghai grew to 65 billionaires in 2023. The richest member is Colin Zheng Huang with a fortune of $39.1 billion.

5. LONDON – $294.9 billion
London ranks 6th on the list as it is home to 63 billionaires. The richest of them is Len Blavatnik, his fortune is 32.1 billion dollars.

6. MOSCOW – $307.1 billion
Russia's Moscow ranked sixth this year. The total wealth of the city is 307.1 billion dollars.

7. MUMBAI – $276.4 billion
Located in India, Mumbai is ranked 7th and has a total wealth of $276.4 billion.

8. SHENZHEN – $246 billion
Shenzhen, also a city in China, was ranked 8th. His total wealth is 246 billion dollars. According to the list, most of the richest cities are located in China.

9. SINGAPORE – $133.3 billion
Singapore ranks 9th on the list and has a total wealth of $133.3 billion.

10. DELHI – $116.4 billion
Located in India, Delhi is ranked 10th and has a total wealth of $116.4 billion.
Source: Forbes.com