However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. 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. Top 10 Richest Cities in the World with Most Billionaires America's 50 richest towns in 2020 | Daily Mail Online Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. March 17, 2022. Leading cities with the most billionaires in 2022 [Graph]. To this day, Macao is the only country on the list whose per-capita purchasing power is lower than it was before the start of the pandemicabout $125,000 in 2019, down by $40,000 today. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. What is the top 10 richest city in the world? (2023) (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Beijing is the capital of China and has a population of over 20 million. 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). Singapores richest resident. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. 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. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? Surat - City Of Sun. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Boston-Cambridge-Newton, Massachusetts. In some U.S. cities, however, more than half of all households earn $70,000-plus. 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. . Paris, which has topped the ECA list in the past, dropped out of the top 30. 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. 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. Indian richest cities 2021. Richest City in the World 2023 - worldpopulationreview.com 1. Swift reportedly owns about $40 million worth of property in the area. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Los Angeles is not California's only wealthy city! What is the Cost of Living in New Hampshire? Pasay City: $350 million. (March 17, 2022). This international city has over 192,000 resident millionaires with 34 billionaires. Tokyo has 39 million residents which are 50% more than any other urban area of the world. Please create an employee account to be able to mark statistics as favorites. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. As a Premium user you get access to the detailed source references and background information about this statistic. Furthermore, 121. The 50 richest countries in the world - Worlddata.info Furthermore, being a world-class city, Seoul's cost of living is high compared to other cities in Asia, especially in regards to its real estate prices. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? India is the world's second-most populous country, with several large cities and densely inhabited areas. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. 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. The city with one of the most expensive real estate markets worldwide, Hong Kong ranked fourth in this list, followed by Los Angeles, which moved up from its ninth rank in 2021. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. . In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. 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. Top 100 cities with highest median household income - City-Data Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. 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. The 20 Largest Cities in the World: 2021 Edition | ArchDaily 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 include Discovery Communications, Fannie Mae, Walmart and CACI International among others. How does a city become one of the wealthiest in the world? However, its also a city steeped in industry. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Here are the top 10 cities in Africa where the most rich people live For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. The richest cities in the world are determined by their gross domestic product, or GDP. Property prices, 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, 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. One of the largest cities in the world with the GDP of about 1,520 billion dollars, Tokyo is the wealthiest city in the world in terms of GDP ranking. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. 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. One dropoff is. 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. Major sectors there include: real estate and fund management. from people staying indoors and spending more time online. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Click on the headers to reorganize columns. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. 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. Kolkata is the financial, commercial and industrial hub of the North East region. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. The 20 Richest ZIP Codes in the USA - MoneyWise After all, Paris is one of the hotbeds of world tourism, its the city of love and art. MacKenzie Scott is an American novelist and philanthropist. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. City Mayors: Richest cities in the world in 2020 by GDP Top 10 Richest Cities in the World - Luxatic Global 500 | Fortune Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. 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. 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. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Loudoun County. New York City is also considered the country's leader in finance due to its storied past. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Founded in 1630, Boston is one of our countries oldest cities. 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. Surprisingly, this is the Big Apples first time atop the ranking. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. 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. 5. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. ed 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. 50 Largest Cities in the World - 24/7 Wall St. Which Countries Have the Lowest Inflation? Photo: @Kim Kardashian West. The Big Smoke is no stranger to economic prosperity. 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. Top 10 Wealthiest Families in the World - Investopedia: Sharper insight In total, these 30 people control. World's Richest Cities: The Top 10 Cities Billionaires Call Home 2020 Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. 29. 2 on the list, but the city recorded a net loss of eight billionaire residents. New York. 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. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. $516.5. Billionaire refers to U.S. dollar billionaire. Richest Cities in the World. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. area followed by Delhi, Kolkata, Bangalore and Chennai. San Ramon ranks among the top ten safest cities in California. It is the largest urban economy on the planet. Let's consider New York City. The San Francisco Bay Area boasts 276,400 millionaires. Basically, the metropolitan areas of Maastricht. If you are an admin, please authenticate by logging in again. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Richest Cities In The World 2023 Top 10 List | Glusea.com Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. 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. Pune - Oxford Of The East. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Hong Kong is once again the city with the second most billionaires in the world. 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. The Rhine-Ruhr metropolitan area is the economic power house of Germany. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. 25 richest cities in the US: Does your metro area make the list? 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. - 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. Are you interested in testing our business solutions? The cities shown in our visualization are already well-established locations for high-net-worth individuals. The place is mostly known for its stunning Renaissance architecture and is . As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Top 10 richest cities in the world, according to Wealth-X - CNBC Pasig City: $710 million. Lower down the list So, which cities are lower ranked than in previous years? Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. The methodology of calculating GDP may differ between the studies and are widely based . 4. Richest Asian Countries 2023 - worldpopulationreview.com The ideal entry-level account for individual users. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Top 50 Richest People in the World (2020) | Top Richest Ahmedabad - Textile Hub Of India. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. ", 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. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. The 10 Richest Cities in the World - WorldAtlas Additionally, approximately 18% of Japan's universities are found in Tokyo. 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. 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). Bloomberg: richest places in America - CNBC 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. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. 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. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Please do not hesitate to contact me. L.A. makes good use of both job training programs and development projects. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Both these cities had high inflation and a strong currency. Geneva, Switzerland - 17.92% Millionaires. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Macao SAR will climb from 17th in 2020 to 9th in 2021. 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. The county seat of Loudoun is in Leesburg, where most administration activities take place. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). When is it OK to Buy a House Site Unseen as an Investor? Mumbai - City Of Dreams. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. The top 10 richest cities in the Philippines. Other Shanghai entrepreneurs are newcomers to the list, including Wang Jilei, who draws his wealth from express delivery firm ZTO Express, and Chen Rui, whose anime and entertainment site Bilibili saw an uptick in demand after it gave residents of locked down areas free access to premium content. Which Countries are Buying Russian Fossil Fuels? Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. 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. Taguig City: $480 million. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Learn more about how Statista can support your business. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Source: Forbes Music: Beethoven 5th Symphony The 50 Most Innovative Cities in the World - Business Insider A massive powerhouse in Seoul is Samsung. The cannabis business is rather recent, but also encourages financial growth for the city. 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. Interactive map A little known fact is that L.A. is the manufacturing center of the country. Lets take a closer look at some of the top-ranking cities making the list. 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. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Profit from the additional features of your individual account. New York City: 107 Billionaires. Delhi city is the second most populated city in the world with a 30,291,000 million population. [Online]. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Being one of Asia's most wealthy countries, South Korea is home to the capital Seoul, which witnessed an 11% increase in its millionaire population between 2019 and 2020, despite facing a global pandemic. The 15 Richest Cities in the US - MoneyWise The Top 15 Cities in Asia in 2020. - 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. statistic alerts) please log in with your personal account. New Delhi- GDP $293.6 Billion. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. 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. 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. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Its been rapidly replaced by information tech and financial services. 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. The world's most expensive cities for 2022 | CNN Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. 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. Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. 1 with $13.9 billion. Learn how your comment data is processed. 7 and Shanghai and Beijing staying flat at No. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. He worked to revolutionize transportation on earth. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. 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.