Before the Ukraine invasion, Moscow was the economic hub of Russia. In fact, Delhi's population can beat Tokyo by 2028. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). As soon as this statistic is updated, you will immediately be notified via e-mail. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. 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. Surprisingly, this is the Big Apples first time atop the ranking. 2. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. 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. 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. This video will compare the top 50 richest people in the world by net worth in 2020. San Francisco also relishes in its reputation as the sixth largest economy in the US. 27. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. "Leading cities with the most billionaires in 2022." Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Delhi city is the second most populated city in the world with a 30,291,000 million population. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. The typical American household earns $57,617 per year. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. 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. Km. Billionaire refers to U.S. dollar billionaire. 29. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Finally, Oceania has two cities on the list, both located in Australia. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. 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. Trip Ideas; Tokyo is the most fascinating city to live in but also the most densely packed. 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. Interactive map The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. Los Angeles is a city that takes great strides to encourage economic growth. Florence, Italy - 2.59% Millionaires. This is due in part to the countrys strong economic growth and favorable business environment, which has attracted many wealthy individuals and families to the country. City of Clayton -$146,225. But the Nations Valentine has so much more to offer. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Then you can access your favorite statistics via the star in the header. Richest Cities in the World. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. 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. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . 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. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. . [3] The methodology of calculating GDP may differ between the studies and are widely based on projections and sometimes approximate estimations, notably for cities that are not within the Organisation for Economic Co-operation and Development. Business Solutions including all features. $516.5. to incorporate the statistic into your presentation at any time. 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,. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. Wealthiest cities (amount in billions . Seoul is a gorgeous city and the economic hub of South Korea. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. 2. Taguig City: $480 million. 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! 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. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 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. Sy Siblings Still at Top. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. Newsletter. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities 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. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. 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. Hurun Research Institute. 2 on the list, but the city recorded a net loss of eight billionaire residents. A big economic draw for San Francisco is its close proximity to Silicon Valley. 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. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Surat - City Of Sun. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. 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. 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. Source: Forbes Music: Beethoven 5th Symphony Pune - Oxford Of The East. 1. 7 and Shanghai and Beijing staying flat at No. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. India is the second largest country in the world after China. Seven cities have population more than 3 million. On a related note, there is a sizeable population of secondary homeowners in London. Hong Kong is once again the city with the second most billionaires in the world. 50 Richest Countries in the World 2020. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. We added hundreds of new lists - see our top 101 city lists. The Private Industry Council works to promote the local economy via job training programs. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. By 2025, the city's GDP would have [] Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. 9 last year. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Loudoun County. 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. March 17, 2022. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. The place is mostly known for its stunning Renaissance architecture and is . Standing as Russia's capital for centuries, the country's national wealth has been building in Moscow since the 1990s after the fall of the Soviet Union. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. London, United Kingdom: $978.402 Billion, 2. This site uses Akismet to reduce spam. 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. Of the top 50, the city with the biggest jump in the rankings was Austin, Texas, which moved up 18 spots from 2017 to claim No. 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. In other words, the city produces poor copies of everything from designer fashions to scooters. 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. 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. U.S. Inflation: How Much Have Prices Increased? After all, Paris is one of the hotbeds of world tourism, its the city of love and art. 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. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. 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). Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. Monaco - 29.21% Millionaires. 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. 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 ideal entry-level account for individual users. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. The cannabis business is rather recent, but also encourages financial growth for the city. Here are the 10 leading cities for the wealthy for 2019. Beijing is the capital of China and has a population of over 20 million. When is it OK to Buy a House Site Unseen as an Investor? 1. Refer to sources for more information. In total, these 30 people control. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. $520.1. Kolkata is the third richest city in South Asia after Mumbai and Delhi. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. These four cities are home to 228 billionaires. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . 1. The international city of romance boasts an economically wealthy status. Some cities have some obvious billionaires that come to mind. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. 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. 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. Additionally, approximately 18% of Japan's universities are found in Tokyo. 1. - 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. Beijing also has the dubious distinction of being the knock-off capital of the world. Among the top 50, Aruba will climb five spots. 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. 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. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. 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. Learn how your comment data is processed. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Gautam Shantilal Adani. 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. 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. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. , 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. New York City: 107 Billionaires. Where are the German and Chinese Cities? Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. 10. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Image Source. 24/7 Wall Street reviewed income levels in 382 metropolitan . If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. San Ramon ranks among the top ten safest cities in California. In some U.S. cities, however, more than half of all households earn $70,000-plus. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. This included plans of action to assist with rent, taxes, business subsidies and more. 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.. As a Premium user you get access to the detailed source references and background information about this statistic. The largest economy in states, New York Citys prosperity is rooted in Wall Street. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. Please do not hesitate to contact me. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. New York. Quezon City: $1.69 billion. Makati City: $4.48 billion. The Rhine-Ruhr metropolitan area is the economic power house of Germany. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. 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. Air Cargo News Awards 2020. dnata wins again. Swift reportedly owns about $40 million worth of property in the area. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. Other Shanghai entrepreneurs are newcomers to the list, including, , who draws his wealth from express delivery firm ZTO Express, and, , whose anime and entertainment site Bilibili, an uptick in demand after it gave residents of locked down areas. 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 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. 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. Being the largest city of the country, Mumbai is extensively . Learn more about how Statista can support your business. As a Premium user you get access to background information and details about the release of this statistic. Mumbai - City Of Dreams. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. 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 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. 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. This statistic is not included in your account. Geneva, Switzerland - 17.92% Millionaires. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Among the top 50 economies having the highest gdp per capita, Macao SAR . 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. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. The billionaire's rank, nationality, and source of his or her wealth is listed.
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