New Delhi- GDP $293.6 Billion. To use individual functions (e.g., mark statistics as favourites, set These figures were taken after the market close on September 18, 2020. The billionaire's rank, nationality, and source of his or her wealth is listed. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . 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. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. 1 with $13.9 billion. It has more sunshine than Florida, Read More The 20 Safest Places to Live in ArizonaContinue, Generally speaking, when people set out to buy a property, they are recommended to check out the property in person before making the purchase. This is a list of cities in the world by gross domestic product (GDP). This international city has over 192,000 resident millionaires with 34 billionaires. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. Chart. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. If you live in a city where many residents find it challenging to put a roof over their heads, food on their plates, and make ends meet, you live in an expensive city. 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. 3. Top Cities in the World to Visit. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. Furthermore, 121. India is the second largest country in the world after China. As a Premium user you get access to the detailed source references and background information about this statistic. Most affluent women worldwide 2022, by net worth, Worldwide wealth distribution by net worth of individuals 2021, Countries with the highest wealth per adult 2021. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Geneva, Switzerland - 17.92% Millionaires. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. 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. Shanghai. While Shenzhens export-led manufacturers have. 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. The 150 richest cities in the world by GDP in 2020 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. Beijing is the capital of China and has a population of over 20 million. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. Washington, D.C.. Additionally, approximately 18% of Japan's universities are found in Tokyo. 1. 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. Shibuya Crossing, one of the busiest crosswalks in the world, in Tokyo, Japan Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. 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. He is worth $1 billion, becoming the richest actor in the world. Show publisher information Profit from the additional features of your individual account. The Private Industry Council works to promote the local economy via job training programs. Ahmedabad - Textile Hub Of India. 1. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. Register in seconds and access exclusive features. Lastly, London is home to several of the most well-known Fortune Global 500 firms, including the Lloyds Banking Group, Prudential, J. Sainsbury, BP, Tesco, and Vodafone Group, amongst others. In some U.S. cities, however, more than half of all households earn $70,000-plus. India is the world's second-most populous country, with several large cities and densely inhabited areas. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. Their net worth is based on the data from 2022 available on their respective Forbes profiles. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Apart from the cost of a home, examining how, Read More What is the Cost of Living in New Hampshire?Continue, Mexicos proximity to the US makes it a hugely popular option for American expats and retirees. After all, its Philadelphias rich history that fuels the tourist trade that brings over 2 million visitors from both the U.S. and foreign countries every year. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? 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. 6 and No. When is it OK to Buy a House Site Unseen as an Investor? Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. to incorporate the statistic into your presentation at any time. A big economic draw for San Francisco is its close proximity to Silicon Valley. Ian Lurie on Quora calls Seattle "one of the most beautiful U.S. cities you'll find, with lots of lakes, the bay, mountains and green stuff.". Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. 3. 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. Photo: @Kim Kardashian West. Makati City: $4.48 billion. Sy Siblings Still at Top. Which Countries Have the Lowest Inflation? Kim Kardashian- $1 billion. 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. 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. By 2025, the city's GDP would have [] In other words, the city produces poor copies of everything from designer fashions to scooters. If that is the case, knowing its cost of living is vital. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. As soon as this statistic is updated, you will immediately be notified via e-mail. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. the country's economy as a whole is one of the fastest growing in the world. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. 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. 30 in the index, a. 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. Caloocan City: $360 million. . Dublin is the wealthiest city, with a per capita income of $115,094. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. A huge part of this development was the influx of multi-national corporations. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 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. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. This statistic is not included in your account. 10. L.A. makes good use of both job training programs and development projects. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. The place is mostly known for its stunning Renaissance architecture and is . Dubai in top 10. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. March 17, 2022. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. In total, these 30 people control. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Number of individuals with a net worth of $5 million or more: 49,005 Percentage of global population: 1.7% Paris is the capital and most populous city of France, with an estimated population of 2,150,271 residents as of 2020, in an area of 105 square kilometers (41 square miles). 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, . Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. The richest cities in the world are determined by their gross domestic product, or GDP. Tokyo is the most fascinating city to live in but also the most densely packed. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion Image Source. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Founded in 1630, Boston is one of our countries oldest cities. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. Seven cities have population more than 3 million. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. 1. But the Nations Valentine has so much more to offer. area followed by Delhi, Kolkata, Bangalore and Chennai. 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. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. Washington, District of Columbia: $578.985 Billion, 4. Indian richest cities 2021. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. 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. Learn how your comment data is processed. The Top 5 Cities in Mexico in 2020. London is ranked second with $2.7 billion in private wealth. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. 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. A paid subscription is required for full access. 7 and Shanghai and Beijing staying flat at No. South Koreas Wall Street is the Korea Exchange in Yeoui Island. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. 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. Swift reportedly owns about $40 million worth of property in the area. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. Please create an employee account to be able to mark statistics as favorites. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. Hong Kong remains No. Interactive map Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. San Francisco also has the highest median household income in the country. Available: https://www.statista.com/statistics/299494/billionaires-top-cities/, Leading cities with the most billionaires in 2022, Available to download in PNG, PDF, XLS format, Global billionaire population by region 20121, Growth of billionaire wealth globally 2020, by industry, Age distribution of billionaires globally 2021, Value added to the wealth of the world's leading billionaires during pandemic 2021, Number of billionaires worldwide by wealth source 2021, Wealth distribution of billionaires around the world 2021, Total wealth distribution of billionaires around the world 2021, Share of the global wealth held by the richest percent 2010-2021, Distribution of billionaires worldwide 2021, by gender, Youngest billionaires globally 2022, by net worth, Richest self-made women in the United States 2022, based on net worth, Distribution of billionaires in the U.S. by gender 2022, Source of billionaire's wealth worldwide in 2020, by gender, Number of ultra high net worth individuals 2021, by region, Ultra high net worth individuals 2021, by country, Share of the world's billionaires by region 2021, Number of billionaires in Europe in 2021, by country, Wealth of billionaires around the world by region 2021, Primary industries of billionaires worldwide 2021, Breakdown of the average billionaire's wealth worldwide 2021, by assets, Most affluent people in the tech industry worldwide 2022, by net worth, Countries with the biggest emigration of millionaires 2020, Average net worth of billionaires worldwide, 2013, Top 10 countries by average wealth of billionaires 2013, Top 10 countries by the number of billionaires per capita 2013, African cities with the most billionaires, as of 2014, Educational attainment of billionaires worldwide, 2013, Number of billionaires in Africa 2013, by country, Gender distribution of billionaires worldwide, 2013, Top 10 countries by percentage of female billionaires 2014, Average number of children of billionaires worldwide, 2013, Marital status of billionaires worldwide, 2013, Source of billionaire's wealth worldwide, 2013, Average age of billionaires worldwide, 2013, Number of billionaires in select European cities 2014-2018, Top 10 countries by the percentage of female billionaires 2013, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports, the most significant industries in the global billionaire production line. Then you can access your favorite statistics via the star in the header. "The Sy siblings took the biggest hit in dollar terms but remain at No. 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. Singapores richest resident, Zhang Yong, 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. I cover the world's richest people and how they made their billions. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. 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. 2 on the list, but the city recorded a net loss of eight billionaire residents. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. The cities shown in our visualization are already well-established locations for high-net-worth individuals. 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. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. - 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. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. Monaco - 29.21% Millionaires. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. A little known fact is that L.A. is the manufacturing center of the country. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. 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He is popularly known for his role as Madea on House of Payne. Kolkata is the third richest city in South Asia after Mumbai and Delhi. 2. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. You can only download this statistic as a Premium user. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. Tourism not only pumps money into San Francisco's economy by way of tourist spending, it also offers a source of jobs in the city. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. New York City. Singapore has one of the highest densities of millionaire households in Asia, with over 5% of households having at least $1 million USD in net financial assets. This list is incomplete, as not all companies disclose their information to the general public. The Big Smoke is no stranger to economic prosperity. Pasay City: $350 million. Before the Ukraine invasion, Moscow was the economic hub of Russia. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. 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. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. About 300 cities have population over 1,00,000. On a related note, there is a sizeable population of secondary homeowners in London. 10. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Moscow. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . 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 Ryan Graves and Pinterest cofounder Ben Silbermann. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. American retail corporation Walmart has been the world's largest company by revenue since 2014. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Florence, Italy - 2.59% Millionaires. Lower down the list So, which cities are lower ranked than in previous years? 9 last year. 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. This is because they are supposed to get a better idea, Read More When is it OK to Buy a House Site Unseen as an Investor?Continue, You might be thinking of relocating to New Hampshire for work or other reasons. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. 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,.

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