Why is Richmond so wealthy depends on which Richmond, but Richmond, Virginia is wealthy due to being capital of Virginia with government, finance, and law, and Richmond, London is wealthy due to affluence and proximity to central London. Richmond, Virginia, capital of Virginia, USA, is wealthy because it is capital of Virginia, with state government jobs, Virginia State Capitol, and many law firms, as Virginia law and lobbying center, with many corporations headquartered there including Fortune 500 companies like Altria, CarMax, Dominion Energy, and Federal Reserve Bank of Richmond, one of 12 Federal Reserve banks, bringing finance jobs, with strong legal and financial sector, with high-paying jobs in government, law, and finance, and with VCU Medical Center. Richmond, London, UK, London Borough of Richmond upon Thames, is wealthy because it is affluent suburb with high property values, average house prices over 800,000 pounds, with areas like Richmond Hill costing 2 to 10 million pounds, attracting wealthy professionals, celebrities, and bankers who work in City of London but want village feel with green space, good schools, low crime, and Richmond Park, with high incomes and historic wealth. So Richmond wealthy due to being capital with government and finance jobs for VA, and affluent suburb with high property values and wealthy residents for London, with both having strong economy and high incomes.
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