Paris is known for its high-end fashion, exquisite cuisine, and stunning architecture. It’s also home to some of the wealthiest neighborhoods in the world.
So, what is the richest neighborhood in Paris? Let’s take a closer look.
The 16th Arrondissement
The 16th arrondissement of Paris is considered to be the wealthiest neighborhood in the city. Located on the right bank of the Seine River, this area is known for its grandiose buildings, luxurious boutiques, and upscale restaurants.
Real Estate Prices
Real estate prices in the 16th arrondissement are some of the highest in Paris. The average price per square meter is around €12,000, which translates to roughly $14,000 USD. This means that a modest-sized apartment can easily cost several million euros.
Notable Residents
The 16th arrondissement is home to many affluent individuals and families. Some notable residents include former French President Nicolas Sarkozy and his wife Carla Bruni-Sarkozy, as well as French businessman Bernard Arnault – who is currently one of the richest people in the world with a net worth of over $150 billion USD.
Other Wealthy Neighborhoods
While the 16th arrondissement may be considered the richest neighborhood in Paris, there are other areas that also boast high-end real estate and affluent residents.
The 8th Arrondissement
Located near the Champs-Élysées and Arc de Triomphe monuments, the 8th arrondissement is another upscale area in Paris. It’s known for its luxury hotels, high-end shopping options like Avenue Montaigne (often referred to as “the Golden Triangle”), and prestigious museums like Musee Jacquemart-Andre.
The 7th Arrondissement
The 7th arrondissement is located on the left bank of the Seine River and is home to many important Parisian landmarks like the Eiffel Tower, the Invalides, and the Musée d’Orsay. This area is also known for its high-end real estate and affluent residents.
Conclusion
In conclusion, while there are several wealthy neighborhoods in Paris, the 16th arrondissement stands out as the richest. Its grandiose buildings, luxurious boutiques, and upscale restaurants make it a desirable location for those seeking a lavish lifestyle. However, one thing is for sure – no matter which neighborhood you choose to reside in Paris, you’ll be surrounded by stunning architecture, rich history, and an abundance of culture.
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