Some cities lend themselves more favourably to making money, for various reasons, from their inauspicious beginnings to the way their city forefathers positioned them. Let’s look at 10 global cities where money flows and grows.
1. New York
Trump Tower is almost the building with the greatest concentration of wealth on the planet. As Alicia and Jay sang, this is the concrete jungle where dreams are made, the centre of the universe, the can-do city.
Arguably the city that survived The Great Recession the most effectively, the strength of the British Pound is undeniable. Its favourable position in between the colossal markets of America and Asia means it sits pretty as far as financial trading goes.
3. Hong Kong
Sometimes referred to as New York on steroids. Hong Kong’s location and colonial past have been a boon for industry and wealth building.
The Chinese certainly know how to trade, and as the world’s largest port in the middle of the biggest country in the world in terms of population, on a major river, it’s no surprise why it’s China’s biggest city.
It has one of the highest concentrations of billionaires in the world, built on oil and the massive natural wealth of Russia.
6. Sao Paulo
The easiest way to get around the city is by helicopter, and the hordes of super-wealthy do just that. It made its fortunes in coffee, and pulsates as the economic heartbeat of South America.
Sydney had to let go of its jingoistic past and embrace its position in the Asia-Pacific Region, and doing so has boosted its fortunes significantly. It has become a major global player financially.
It’s not the world’s biggest city, admittedly, but astute management has helped this city to become a financial powerhouse. They say dynamite comes in small packages.
Fuelled by oil and smart leadership, despite its challenges, Dubai continues to wow the world with is impressive growth.
Believe it or not, a recent survey showed that Africa’s richest city is where the wealthy play and even live. As Africa goes, and despite all its issues, Jozi is a great place to make money.