Top 10 Wealthiest Cities in BRICS: BRICS Wealth Report
The BRICS countries (Brazil, Russia, India, China, and South Africa) are home to some of the wealthiest cities in the world. According to the BRICS Wealth Report by Henley & Partners, the following are the top 10 wealthiest cities in BRICS:
- Moscow, Russia: With a total wealth of $1.2 trillion, Moscow is the wealthiest city in BRICS. It is home to the largest number of billionaires in the world .
Billionaires, Millionaires and Centi-Millionaires
According to the BRICS Wealth Report by Henley & Partners , there are currently 549 billionaires, 4,716 centi-millionaires, and 1.6 million millionaires in the BRICS countries. China has the highest number of billionaires (305), centi-millionaires (2,352), and millionaires (862,400) in the BRICS bloc. India follows in second place with 120 billionaires, over 1,000 centi-millionaires, and 326,400 millionaires .
How does BRICS compare to other regions in terms of wealth?
According to a report by Statista , the BRICS bloc (Brazil, Russia, India, China, and South Africa) is the most influential union of developing economies in the world and is increasingly considered the leading geopolitical challenge to the G7. The report also states that the BRICS countries have a combined GDP of over $30 trillion, which represents around 29% of the world’s GDP .
To compare the GDP of BRICS nations to the G7, we can use GDP projections for 2023 from the International Monetary Fund (IMF). According to a report by Visual Capitalist , even with its new members, BRICS falls short of the G7’s 43% share of global GDP.
In terms of private wealth, the BRICS Wealth Report by Henley & Partners reveals that in the last decade, private wealth grew by a remarkable 92% in China, which is now home to 862,400 millionaires, including 2,352 centi-millionaires and 305 billionaires. India follows in second place with 120 billionaires, over 1,000 centi-millionaires, and 326,400 millionaires
Conclusion
The BRICS countries are home to some of the wealthiest cities in the world. The above list of the top 10 wealthiest cities in BRICS is based on the BRICS Wealth Report by Henley & Partners. If you’re interested in learning more about the report, you can visit their website
Wealthiest Cities in the World – Henley’s
