You only have access to basic statistics. Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to inheriting a fortune); many have close ties to Russian President Vladimir Putin. These figures were taken after the market close on September 18, 2020. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. The Private Industry Council works to promote the local economy via job training programs. Finally, London hosts some of the most prominent Fortune Global 500 companies such as Lloyds Banking Group, Prudential, J Sainsbury, BP, Tesco and Vodafone Group, among others. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. 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. Statista. 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. Finally, Oceania has two cities on the list, both located in Australia. Till 2030, Tokyo city will project to be the top-most populated city on earth. We added hundreds of new lists - see our top 101 city lists. Learn how your comment data is processed. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Regarded as China's financial hub, this bustling city is home to the Shanghai Stock Exchange, one of the largest stock exchanges in the world. A massive powerhouse in Seoul is Samsung. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. Known as a center of learning due to the many high caliber universities in the city such as Osaka and Kansai universities, Osaka attracts creative and innovative industries. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. - Full Size", "Gross domestic product (GDP) at basic prices, by census metropolitan area (CMA)", "Population estimates, July 1, by census metropolitan area and census agglomeration, 2016 boundaries", "Population on 1 January by age groups and sex - functional urban areas", "President: Almaty turns into large regional investment attractive centre", "Posio ocupada pelos maiores municpios brasileiros em relao ao Produto Interno Bruto, Est. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? This international city has over 192,000 resident millionaires with 34 billionaires. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Being a prominent city in Asia, Shanghai is home to over 24 million people, there are about6,180 multi-millionaires and 42 billionaires living in Shanghai. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. 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. The Top 5 Cities in Mexico in 2020. By 900,. Caloocan City: $360 million. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . One dropoff is. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. Shanghai. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. The top 10. Meanwhile, Barcelona dropped to No. The LSE is one of the largest stock exchanges in Europe, encompassing assets from over 2,400 companies, with many of these companies using London as their central headquarters. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. If that is the case, knowing its cost of living is vital. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. 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. In, Hurun Research Institute. Los Angeles, Chicago and Houston round out the top five. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . It checks all the boxes when it comes to being an economically successful place: physical connectedness (ports, rivers, public transporatation), investment opportunities (access to venture capital), and attracting a crowd of skilled individuals from around the globe, nurturing a culture of innovation. March 17, 2022. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. Dubai in top 10. Hong Kong is once again the city with the second most billionaires in the world. 12. This list is incomplete, as not all companies disclose their information to the general public. The international megacity is the country's bustling financial and commercial hub, with its economic wealth tied to its services in finance, healthcare, professional and business services, retail, and education. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Beijing also has the dubious distinction of being the knock-off capital of the world. You need at least a Starter Account to use this feature. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. You can only download this statistic as a Premium user. Taguig City: $480 million. If you are an admin, please authenticate by logging in again. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. 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 . Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Delhi city is the second most populated city in the world with a 30,291,000 million population. $520.1. Sy Siblings Still at Top. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Retail Investors Most Popular Stocks of 2023 So Far, Consumer Price Inflation, by Type of Good or Service (2000-2022), Mapped: Unemployment Forecasts, by Country in 2023, Decoding Googles AI Ambitions (and Anxiety), Ranked: Americas 20 Biggest Tech Layoffs Since 2020, Infographic: Generative AI Explained by AI, Infographic: 11 Tech Trends to Watch in 2023, Ranked: The Top 50 Most Visited Websites in the World, Visualized: The Most (and Least) Expensive Cities to Live In, Visualizing $65 Trillion in Hidden Dollar Debt, Visualizing the Relationship Between Cancer and Lifespan, Visualizing How COVID-19 Antiviral Pills and Vaccines Work at the Cellular Level, Mapped: The Most Common Illicit Drugs in the World. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. The Football Lovers Menu News Premier League Manchester City Manchester United Liverpool Chelsea Arsenal Leicester City Tottenham Hotspur West Ham United Everton Transfers Top 10 Quizzes But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. 27. Founded in 1630, Boston is one of our countries oldest cities. Moscow. San Francisco also relishes in its reputation as the sixth largest economy in the US. You need a Statista Account for unlimited access. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. The county seat of Loudoun is in Leesburg, where most administration activities take place. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Visakhapatnam - Industrial Port Of India. 4, respectively. New York. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. Top 100 City Lists Top 100 cities with highest median household income Top 100 cities with highest median household income Previous toplist Next toplist New! Current Health Expenditure per Capita. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. 4. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. At its peak, General Motors enjoyed a 50% market share in the United States. Tokyo has 39 million residents which are 50% more than any other urban area of the world. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Manila: $790 million. The typical American household earns $57,617 per year. 29. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. $516.5. Another crucial element is the neighborhood of Zhongguancun. 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. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. U.S. Inflation: How Much Have Prices Increased? Mumbai - City Of Dreams. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Register in seconds and access exclusive features. Its been rapidly replaced by information tech and financial services. Business Solutions including all features. 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. Ranked: Americas Best Places to Work in 2023, Mapped: GDP Growth Forecasts by Country, in 2023, Charted: Teslas Unrivaled Profit Margins, Ranked: The Top Online Music Services in the U.S. by Monthly Users. 6 and No. Hong Kong remains No. More than 80% of Russias, call its capital home, including mining mogul. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Being the largest city of the country, Mumbai is extensively . New York City, USA: $1,330.000 Billion. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. The San Francisco Bay Area boasts 276,400 millionaires. "Leading cities with the most billionaires in 2022." 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. 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. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Top Cities in the World to Visit. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . In total, these 30 people control. Makati City: $4.48 billion. New York City is also considered the country's leader in finance due to its storied past. 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. 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 median home value for the lower Tribeca area is around $2.5 million. 50 Richest Countries in the World 2020. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. 5. 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. While Shenzhens export-led manufacturers have. Florence, Italy - 2.59% Millionaires. San Francisco also has the highest median household income in the country. India is the second largest country in the world after China. 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, , founders of online gaming firm Playrix; and, , who inherited part of the fortune of her late father, Brazilian healthcare tycoon, in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like, . Learn more about how Statista can support your business. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Show publisher information 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. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. . Furthermore, 121. This video will compare the top 50 richest people in the world by net worth in 2020. But the Nations Valentine has so much more to offer. Among Singapores newcomers are gaming tycoons Forrest Li and Gang Ye, cofounders of the online gaming and e-commerce firm Sea; both industries have benefited from people staying indoors and spending more time online. In fact, Delhi's population can beat Tokyo by 2028. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. 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. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. The Big Apple has historically been a hub for trade and investment, due to a buzzing port and its very well connected location, with rivers and canal systems reaching out to the midwest. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. It had about 2,000 inhabitants at the time. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 11. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Rising development costs and foreign competition had already, 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. 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. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. 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. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. 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! Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. 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. 7 and Shanghai and Beijing staying flat at No. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. At 89 years old, Warren Buffett is the oldest richest person by 5 years. As a Premium user you get access to background information and details about the release of this statistic. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. The Top 25 Cities in the World in 2020. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. A big economic draw for San Francisco is its close proximity to Silicon Valley. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. South Koreas Wall Street is the Korea Exchange in Yeoui Island. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. Let's consider New York City. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. 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. Before the Ukraine invasion, Moscow was the economic hub of Russia. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). Ever since, San Francisco has remained a strong financial stronghold for the state of California. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Greater Mumbai still is the most populated city in its 440 sq. New Delhi- GDP $293.6 Billion. To make the list, the EIU examines 400+ prices for over 200 products and services in 172 cities, surveying a variety of businesses to track price fluctuations over the last year. Where are the German and Chinese Cities? Pasay City: $350 million. Each of the columns in the table is sortable by pressing on the arrows at the head of the column: Cities (metropolitan areas) by percentage of national GDP. This is a list of cities in the world by gross domestic product (GDP).The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. 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. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. He is popularly known for his role as Madea on House of Payne. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. The PPP is a way to meaure prices in different countries (and ultimate convert between currencies), based on the equal amount of goods and services that can be bought. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Boston-Cambridge-Newton, Massachusetts. Among the top 50 economies having the highest gdp per capita, Macao SAR . Reportedly, Moscovites earn a higher salary compared to national average, with many much of their income tied to renting real estate property and entrepreneurial ventures. San Ramon ranks among the top ten safest cities in California. Historically speaking, Osaka has always been thought of as a major economic center of Japan. Beijing is the capital of China and has a population of over 20 million. The city by the bay has five fewer billionaires than a year ago in part because fortunes fell below $1 billion for former Uber CEO, . Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. 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. Then you can access your favorite statistics via the star in the header. There are 4,000 cities and towns in India. Home to the New York Stock Exchange (NYSE) and the famous American street of Wall Street, New York is regarded as one of the world's wealthiest cities. 1. Pune - Oxford Of The East. The top 10 richest cities in the Philippines. 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.

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