The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. Kim Kardashian- $1 billion. Zhongguancun is considered the Silicon Valley of China and is deeply rooted in the electronics and high-tech industries such as Microsoft, Sony and Google. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. The number of millionaires has been growing steadily over the last 10 years, and if the trends of recent years hold, San Francisco could become the number one millionaire hub by 2040. Zurich, Switzerland - 27.34% Millionaires. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. In fact, according to this chart, you can see that manufacturing takes the lead with 16.6 percent followed by retail at 16.6 percent and real estate at 11.4 percent. Use Ask Statista Research Service. Which Countries Have the Lowest Inflation? Boasting a financially fruitful economy, the Big Apple is known for its abundantly wealthy population, with a the collective wealth of over $3 trillion USD. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. Asia is the region with the second most millionaires with six cities in the mix. Boston-Cambridge-Newton, Massachusetts. You only have access to basic statistics. Air Cargo News Awards 2020. dnata wins again. Hong Kong is once again the city with the second most billionaires in the world. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Mumbai - City Of Dreams. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. According to the Greater Houston Project, As retailers work to rebuild their inventories, as factories struggle to resolve supply chain issues, as the global economy continues to grow, so will the demand for Houstons exports, and so will Houston employment,. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Though approximately 23% of Beijing's GDP is linked to its manufacturing sector, over 80% of the city's wealth is tied to the service sector. Sy Siblings Still at Top. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. $520.1. UAE in Top 20. This statistic is not included in your account. Trip Ideas; On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Cebu City: $660 million. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. 4, respectively. There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Here are the 10 leading cities for the wealthy for 2019. By 2025, the city's GDP would have [] Seoul is a gorgeous city and the economic hub of South Korea. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. A big economic draw for San Francisco is its close proximity to Silicon Valley. This included plans of action to assist with rent, taxes, business subsidies and more. In addition, Singapores political stability, low crime rate, and high standard of living have also contributed to its appeal as a place to live and work. In, Hurun Research Institute. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. The Big Smoke is no stranger to economic prosperity. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. Though London had a net gain of one new billionaire this year, this city that appeals to the worlds elite actually has five new billionaire residents who hail from outside the United Kingdom, including Russian brothers Dmitry and Igor Bukhman, founders of online gaming firm Playrix; and Camilla de Godoy Bueno Grossi, who inherited part of the fortune of her late father, Brazilian healthcare tycoon Edson de Godoy Bueno. Florence, Italy - 2.59% Millionaires. This California city is home to prominent billionaires like Mark Zuckerberg, Laurene Powell Jobs, Brian Chesky, and Jack Dorsey, with many of these billionaires possessing assets worth over $8 billion USD. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. Additionally, factors such as taxes, transportation costs, and availability of goods and services can also contribute to the overall cost of living in global cities. The City of Chicagos economy is home to a strong financial sector which includes the Chicago Board of Trade, NYSE Arca, Chicago Mercantile Exchange, Chicago Board Options Exchange and the Chicago Stock Exchange. 1. Two of those in Beijing are new billionaires this year: Larry Xiangdong Chen of GSX Techedu and Liu Yachao of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Property prices fell across the board in Hong Kong in late 2019, damaging the real estate industry that is the source of wealth for many of the citys richest, including Hong Kongs sole newcomer real estate developer Lun Ruixiang. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. The richest person in New York City is Bloomberg LP founder and former Mayor Michael Bloomberg, who spent nearly $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. At its peak, General Motors enjoyed a 50% market share in the United States. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! Lets take a closer look at some of the top-ranking cities making the list. the country's economy as a whole is one of the fastest growing in the world. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Tokyo, Japan- GDP: $1,520 billion. Its wealthiest resident, Ma Huateng, chairman and CEO of Internet media behemoth Tencent Holdings, is the second-richest person in China, after Alibaba cofounder Jack Ma. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Being a world-class city that attracts prominent figures in the tech industry, San Francisco is one of California's most popular (and richest) cities. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. As such when it comes to the richest cities in the world, New York City comes in at number 2. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Here are the 10 cities in the world with the most billionaires: New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . What is the Cost of Living in New Hampshire? For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Compared to many other states, Kentucky has low, Read More The 20 Safest Places to Live in KentuckyContinue, The price of land jumped dramatically from 2020 to the present. Los Angeles is a city that takes great strides to encourage economic growth. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Kolkata is the third richest city in South Asia after Mumbai and Delhi. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. The Southeast Asian city-state gained nine new billionaires since 2019, while the South Korean capital recorded a net loss of ten members of the three-comma-club. Today, with 272,400 millionaires, the city holds a more humble position. - Mappe, Popolazione, Statistiche Demografiche dell'ISTAT", "Total Real Gross Domestic Product for Wichita, KS (MSA)", "Population estimates by selected Non-ABS Structures, 2010-2020", "China: Gungdng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", https://en.wikipedia.org/w/index.php?title=List_of_cities_by_GDP&oldid=1142520927, This page was last edited on 2 March 2023, at 21:41. The 373-page COA report covered all 81 provinces, 145 out of 146 cities, and 1,447 out of 1,488 municipalities that submitted their 2020 financial statements. Among the top 50, Aruba will climb five spots. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. We added hundreds of new lists - see our top 101 city lists. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. Being the largest city of the country, Mumbai is extensively . Learn more about how Statista can support your business. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. You can only download this statistic as a Premium user. Newsletter. New York City: 107 Billionaires. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. The ideal entry-level account for individual users. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Richest Resident: Colin Zheng Huang, $55.3 Billion Shanghai remained at number six despite adding 18 new billionaires and Colin Zheng Huang is the richest resident of the city. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. The metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. Let's consider New York City. Rankings of Cities and Municipalities are based on the sum of their scores on 4 Pillars: Economic Dynamism, Government Efficiency, Infrastructure, Resiliency, and Innovation.Provincial rankings are based on population and income weighted average of the Overall scores of cities and municipalities under a province. San Francisco also has the highest median household income in the country. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. 13. Tokyo is the most fascinating city to live in but also the most densely packed. New York City (NYC), which lost the number one slot to Beijing in 2021, has added eight new billionaires with a total net worth of $640.4 Billion. Rising development costs and foreign competition had already felled the fortunes of South Koreas pharmaceuticals sector, before coronavirus concerns hit the countrys economy in late February in total, thirteen Seoul-based billionaires dropped off the list. Learn how your comment data is processed. A good part of their revenue comes from their port, which is the largest container port in the world. Kolkata is the financial, commercial and industrial hub of the North East region. New York City, USA: $1,330.000 Billion. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Current Health Expenditure per Capita. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. A massive powerhouse in Seoul is Samsung. When determining the GDP, the UN classifies 3 methods to determine it: City proper, urban area and metropolitan regions.. Our numbers for the richest cities in the world are based on the metropolitan statistical region. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple. Km. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . 3. London City | Photo: Reuters 7. Delhi city is the second most populated city in the world with a 30,291,000 million population. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Basically, the metropolitan areas of Maastricht. [3] The methodology of calculating GDP may differ between the studies and are widely based on projections and sometimes approximate estimations, notably for cities that are not within the Organisation for Economic Co-operation and Development. Major sectors there include: real estate and fund management. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 3. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. Both these cities had high inflation and a strong currency. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. The Periodic Table of Commodity Returns (2013-2022), Visualizing 25 Years of Lithium Production, by Country, Ranked: The Worlds Largest Copper Producers, All the Metals We Mined in 2021: Visualized, Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, A Visual Crash Course on Geothermal Energy. Ahmedabad - Textile Hub Of India. (March 17, 2022). The top 10 richest cities in the Philippines. New York City. While the cost of living in some of the cities in these nations is low, it comes at the price of a weak currency, poor economy, and, in many cases, political and economic turmoil. , is also Chinas richest restaurateur the owner of Sichuan hot pot chain Haidilao is $4.2 billion richer than he was in 2019, thanks to a 53% rise in the companys stock over the past year. 2. Surat - City Of Sun. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. Though famous for prominent technology companies and hundreds of start-ups across the Silicon Valley, San Francisco's wealth is tied to industries in manufacturing and tourism. In fact, London is one of the chief financial centers of the world. A huge part of this development was the influx of multi-national corporations. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. Are you interested in testing our business solutions? Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. On a related note, there is a sizeable population of secondary homeowners in London. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. , who is also the richest person in the nation. Meanwhile, Barcelona dropped to No. Greater Mumbai still is the most populated city in its 440 sq. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. 2 on the list, but the city recorded a net loss of eight billionaire residents. The 10 Best Places to Live in Mexico for Americans, The 20 Cheapest Places to Buy Land in the U.S. 2022, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. 1. Moreover, dozens of Russia's most prominent companies are also headquartered in Moscow that contribute to the city's wealth, which includeRosneft, Sberbank, Russian Railways, and Lukoil. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. Various lists of the richest families in the world (excluding royal families or autocratic ruling dynasties) are published internationally, by Forbes as well as other business magazines.. The four cities that made the top 50 in 2019 but did not make . The richest city in the world is Tokyo. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. Among the top 50 economies having the highest gdp per capita, Macao SAR . Keep in mind that state-owned corporations in China get tremendous government support no matter what the economic conditions, even Global 500 companies like SAIC Motor and China National Petroleum. The Top 5 Cities in Mexico in 2020. 10. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. Makati City: $4.48 billion. The richest person in New York City is Bloomberg LP founder and former Mayor, $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. area followed by Delhi, Kolkata, Bangalore and Chennai. Singapores richest resident. Till 2030, Tokyo city will project to be the top-most populated city on earth. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. Then you can access your favorite statistics via the star in the header. It leverages a comprehensive data set that tracks the movements and spending habits of high-net-worth individuals in over 150 cities around the world. Cities become expensive due to a variety of factors such as high demand for housing, a concentration of high-paying businesses and industries, and a high standard of living. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. 5. Though still bruised and battered by the effects of the pandemic, New York City is holding true to its reputation as a tough and resourceful city. In detail, 144 billionaires resided in the capital of China. You need a Statista Account for unlimited access. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. Follow Us. Using data from Wealth-X, here's a look at the top 10 cities with the highest UHNW populations: It's worth noting that six of the top 10 UHNW cities are in America. Though San Francisco relishes in its economically wealthy reputation due to the nature of Silicon Valley and its billionaire population, Los Angeles enjoys a similar status. In total, these 30 people control. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Beijing also has the dubious distinction of being the knock-off capital of the world. NYC has held the title of the wealthiest city in the world for many decades now, housing around 59 billionaires and a whopping 345,600 millionaires! Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Hong Kong is once again the city with the second most billionaires in the world. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. 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Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. While such metrics are not all encompassing, these measurements of private wealth do help put the financial health and economic activity of some of the worlds wealthiest cities in perspective. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Tokyo has 39 million residents which are 50% more than any other urban area of the world. For instance, the city of New York is a metropolitan area made up of 5 boroughs with each borough contributing to the cities overall GDP. 9 last year. Blessed with an affordable cost of living, two stunning shorelines, vibrant cities, and swathes of glorious scenery, its understandable, Read More The 10 Best Places to Live in Mexico for AmericansContinue, If you live in Kentucky already, then youll already be well aware that when it comes to crime, the Bluegrass State is doing pretty well for itself. Of the top 50, the city with the biggest jump in the rankings was Austin, Texas, which moved up 18 spots from 2017 to claim No. Finally, Oceania has two cities on the list, both located in Australia. South Koreas Wall Street is the Korea Exchange in Yeoui Island. One dropoff is. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Palo Alto - $147,537 Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). The San Francisco Bay Area boasts 276,400 millionaires. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. Other Shanghai entrepreneurs are newcomers to the list, including, , who draws his wealth from express delivery firm ZTO Express, and, , whose anime and entertainment site Bilibili, an uptick in demand after it gave residents of locked down areas. Los Angeles is not California's only wealthy city! Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Historically speaking, Osaka has always been thought of as a major economic center of Japan. The PPP value of a city (or country) is commonly used by macroeconomic analysts and economists, as its a popular metric to determine a city's standard of living and economic prosperity. . (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. These are the 10 wealthiest cities in the world - and the number of wealthy individuals who live in each of them - according to Henley & Partners' report. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. This video will compare the top 50 richest people in the world by net worth in 2020. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. Geneva, Switzerland - 17.92% Millionaires. Travel + Leisure. The top 10 richest families in 2022 by estimated wealth are: The Walton family with $224.5 billion The Mars family with $160 billion The Koch family with $128.8 billion The Al Saud family with. 6 and No. 7 and Shanghai and Beijing staying flat at No. Barcelona, Spain Rome, Italy Madrid, Spain Singapore, Singapore Amsterdam, Netherlands Prague, Czech Los Angeles, USA Chicago, USA San Francisco, USA Berlin, Germany Hong Kong, China Washington, USA Beijing, China Dublin, Ireland Istanbul, Trkiye Las Vegas, USA Milan, Italy Budapest, Hungary Toronto, Canada Sydney, Australia Seoul, South Korea Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. By 900,. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. Manila: $790 million. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. According to the United Nations' latest report on populations in cities, by 2030, "urban areas are projected to house 60 percent of people globally and one in every three people will live in . Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. He worked to revolutionize transportation on earth.
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