2 Ontario cities rank among richest in the entire world

Several cities in Canada have been named among the richest in the world.

CEOWORLD magazine — a business magazine and news site for CEOs, CFOs, and other high-net-worth individuals — recently released its ranking of the world's richest cities for 2025.

The list of 300 cities includes destinations you would expect to see, like Paris, New York and Tokyo, and six spots in Canada.

"These 300 metropolitan titans… represent the beating heart of global commerce, accounting for a substantial share of worldwide GDP," reads the report. "They are not just cities; they are economic ecosystems shaping how money moves, technology evolves, and policy decisions ripple through the markets."

The report says urban wealth isn't just a measure of population size or physical infrastructure, but a reflection of  "innovation density, institutional strength, and capital fluidity."

"The richest cities are magnets for human capital—entrepreneurs, financiers, creators, and policymakers who define the tempo of global progress," it reads.

The highest-ranking metropolitan from Canada is Toronto, taking the 22nd spot with a GDP of US$917.49 million.

This echoes the 2026 World's Best Cities Report, which ranked Toronto in 17th place for its education and bustling start-up scene.

Montreal was the second-highest-ranked Canadian city on the list in 76th place with a GDP of US$556.36 million. Vancouver took the 107th spot with a GDP of US$460.21 million, followed by Calgary in 159th place with a GDP of US$321.85 million, and Edmonton in the 190th spot with a GDP of US$254.01 million.

The last Canadian city on the list is Ottawa in 195th place with a GDP of US$243.819 million.

Tokyo took the top spot in the ranking with a GDP of US$2553.69 million.

"From robotics to semiconductor manufacturing, Tokyo exemplifies the balance between heritage and progress,” reads the report. “The city's cultural commitment to craftsmanship and continuous improvement—kaizen—translates into enduring economic vitality, even amid demographic challenges."

CEOWORLD magazine concluded that the wealthiest cities in the future will be adaptive.

"As we navigate an era defined by artificial intelligence, automation, and climate urgency, the cities that will lead tomorrow are those investing in human capital and digital infrastructure today," reads the report.