29. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. U.S. Inflation: How Much Have Prices Increased? Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. 4, respectively. Taguig City: $480 million. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. 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. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. 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. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. You need a Statista Account for unlimited access. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Sophie Ireland C-Suite Lifestyle February 21, 2020 With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. 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. This is a list of cities in the world by gross domestic product (GDP). India is the world's second-most populous country, with several large cities and densely inhabited areas. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). "The Sy siblings took the biggest hit in dollar terms but remain at No. 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. Beijing also has the dubious distinction of being the knock-off capital of the world. Tokyo, Japan- GDP: $1,520 billion. Which Countries Have the Lowest Inflation? Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. Today, with 272,400 millionaires, the city holds a more humble position. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. 1. 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. By 500 A.D., Constantinople modern-day Istanbul was home to about half a million people (it's now the fourth-largest city on the planet). New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. Leading cities with the most billionaires in 2022 [Graph]. As soon as this statistic is updated, you will immediately be notified via e-mail. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Meanwhile, Barcelona dropped to No. 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. 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. The city contributes about 30% of goods sold in Russia. 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. A little known fact is that L.A. is the manufacturing center of the country. Billionaire refers to U.S. dollar billionaire. 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. Image Source. 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.. American retail corporation Walmart has been the world's largest company by revenue since 2014. He is popularly known for his role as Madea on House of Payne. This list is incomplete, as not all companies disclose their information to the general public. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. Furthermore, 121. In, Hurun Research Institute. Here are the 10 leading cities for the wealthy for 2019. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . 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. 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). This large metropolitan area has a history of being the hub of Germanys heavy industry sector. It takes decades of consistency for these factors turn a place around in terms of success and richness; a city can not accumulate wealth overnight, and if it does, this wealth will most likely not stick around for long. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? ", Hurun Research Institute, Leading cities with the most billionaires in 2022 Statista, https://www.statista.com/statistics/299494/billionaires-top-cities/ (last visited March 04, 2023), Leading cities with the most billionaires in 2022 [Graph], Hurun Research Institute, March 17, 2022. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Photo: @Kim Kardashian West. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Refer to sources for more information. Singapore and New York City tied for the first rank amongst the worlds most expensive cities in 2022, pushing Israels Tel Aviv from the first place in 2021 to the third place in 2022. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. It is also home to Wall Street, the financial capital of the US and the world. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. Show publisher information By 2025, the city's GDP would have [] Swift reportedly owns about $40 million worth of property in the area. 1 with $13.9 billion. , 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. Till 2030, Tokyo city will project to be the top-most populated city on earth. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. 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. Aside from establishing the NYSE in the early 19th century (formerly known as the New York Stock and Exchange Board), the city was set in a convenient location for trading, due its proximity to the Hudson River and the Great Lakes. Their net worth is based on the data from 2022 available on their respective Forbes profiles. Manila: $790 million. Its been rapidly replaced by information tech and financial services. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Statista. 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, . Moreover, there are over 25 FortuneGlobal 500companies headquartered in Paris (which are the top companies in the world based on their revenues) including Danone, Sanofi, Christian Dior, and Finatis. 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. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Current Health Expenditure per Capita. A paid subscription is required for full access. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. Profit from the additional features of your individual account. Some cities have some obvious billionaires that come to mind. - 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. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. 3. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. 6 and No. Interactive map Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. 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. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. According to Investopedia, Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a countrys borders in a specific time period. In this case, we are looking at the GDP of metropolitan statistical areas, and not countries. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. 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. 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 L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. According to Jennifer Reynolds, Pre4sident and CEO of Toronto Finance International, Torontos success is due in large part to the strength and significant growth of its financial industry. 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. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. Singapores richest resident. Indian richest cities 2021. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. Singapore broke into the top 10, replacing Seoul, which was No. - 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. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. Historically speaking, Osaka has always been thought of as a major economic center of Japan. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. 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. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . This northern Chinese city is not only a hub for luxury brands, it headquarters China's largest companies, many of which are considered in the Fortune Global 500. 2. Hurun Research Institute. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. 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. 1. Get full access to all features within our Business Solutions. 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. This includes the burgeoning FinTech, or financial technology industries. Two of those in Beijing are new billionaires this year: of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Palo Alto - $147,537 Travel + Leisure. Trip Ideas; Los Angeles is not California's only wealthy city! China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. . It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. India is the second largest country in the world after China. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. 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. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. 3. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. The typical American household earns $57,617 per year. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion Organisation for Economic Co-operation and Development, List of most expensive cities for expatriate employees, List of country subdivisions by GDP over 200 billion US dollars, "Gross Domestic Product: Implicit Price Deflator", "Standard country or area codes for statistical use (M49): Geographic Regions", "Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The Global Economy? (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Chart. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. The manufacturing and export hub across from Hong Kong added five members to the three-comma-club in the last year, all of them self-made. You need at least a Starter Account to use this feature. Reportedly, the top 20% earners in the city have an average salary of over $280,000 USD, with the top 5% earning over $530,000 USD. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Visualizing the Global Share of U.S. Stock Markets. At 89 years old, Warren Buffett is the oldest richest person by 5 years. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. The Top 25 Cities in the World in 2020. New York City: 107 Billionaires. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. 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. (March 17, 2022). Basically, the metropolitan areas of Maastricht. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. The Rhine-Ruhr metropolitan area is the economic power house of Germany. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. Ever since, San Francisco has remained a strong financial stronghold for the state of California. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. Paris, which has topped the ECA list in the past, dropped out of the top 30. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. 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. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Where are the German and Chinese Cities? This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. While Shenzhens export-led manufacturers have. The richest country in the world is Luxembourg. . 13. RICHEST RESIDENT: VLADIMIR POTANIN, $19.7 BILLION Getty Images Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to. The cannabis business is rather recent, but also encourages financial growth for the city. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. Finally, Oceania has two cities on the list, both located in Australia. 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. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. 50 Richest Countries in the World 2020. 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. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. 1. 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. Then you can access your favorite statistics via the star in the header. statistic alerts) please log in with your personal account. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. The Top 5 Cities in Mexico in 2020. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. This international city has over 192,000 resident millionaires with 34 billionaires. While Shenzhens export-led manufacturers have struggled from the effects of the trade war with the U.S., the citys billionaires added $29.7 billion to their collective net worth since 2019. 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. As such when it comes to the richest cities in the world, New York City comes in at number 2. Let me take you through the updated list of the World's richest cities as of 2022. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. A big economic draw for San Francisco is its close proximity to Silicon Valley. More than 80% of Russias, call its capital home, including mining mogul. City of Clayton -$146,225. 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. Dubai in top 10. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. Makati City: $4.48 billion. 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. 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. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. 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. Loudoun County. The methodology of calculating GDP may differ between the studies and are widely based . In total, these 30 people control. from people staying indoors and spending more time online. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Lets take a closer look at some of the top-ranking cities making the list. 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.". , who is also the richest person in the nation. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Tokyo is the most fascinating city to live in but also the most densely packed. About 300 cities have population over 1,00,000. Florence, Italy - 2.59% Millionaires. In an attempt to rank the cities of the world according to wealth, we will use the Purchasing Power Parity (PPP) as a means of comparison. Pasay City: $350 million. Quezon City: $1.69 billion. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. 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. MacKenzie Scott is an American novelist and philanthropist.