This European city has 44 billionaires, 165000 millionaires, not Berlin, London, Milan, Madrid, Munich, it is...

Paris is now officially the wealthiest city in Europe. Once second to another European capital, Paris surged ahead in 2024 with a staggering $1.3 trillion GDP at market exchange rates, equivalent to just over £1 trillion, according to the Daily Express.

This economic powerhouse contributes around 30% of France's total GDP, cementing its position as the nation’s most vital economic hub. Known for its thriving service and commerce sectors, Paris also holds international influence in finance, fashion, culture, and commerce.

According to the Hurun Global Rich List 2024, Paris is home to 44 billionaires, nearly two-thirds of France's total 68. The city also boasts an impressive 165,000 millionaires, making it the wealthiest city in Europe and placing it among the top 10 globally.

While Paris has gained significant wealth, it still trails behind London in the number of billionaires and millionaires. However, the French capital’s growing economic dominance is undeniable.

Paris also thrives as a global destination. The World Travel and Tourism Council recognises it as the world's most powerful city destination, reflecting its cultural and economic strength. With its booming economy and global significance, Paris is not just a symbol of romance but also a leading financial and cultural hub.