Today, with 272,400 millionaires, the city holds a more humble position. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. 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 infographic above uses data from EIU to rank the world most and least expensive cities to live in. 3. Lower down the list So, which cities are lower ranked than in previous years? Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. 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. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. This video will compare the top 50 richest people in the world by net worth in 2020. New Delhi- GDP $293.6 Billion. 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. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. 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. Hong Kong is once again the city with the second most billionaires in the world. A big economic draw for San Francisco is its close proximity to Silicon Valley. 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. 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. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. 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. Major metropolitan areas contributing at least 2.5% of world GDP. As soon as this statistic is updated, you will immediately be notified via e-mail. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. 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. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. 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. 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. Some cities have some obvious billionaires that come to mind. New York City: 107 Billionaires. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. 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. 1. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. The top 10 richest cities in the Philippines. Current Health Expenditure per Capita. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. The Periodic Table of Commodity Returns (2013-2022), Visualizing 25 Years of Lithium Production, by Country, Ranked: The Worlds Largest Copper Producers, All the Metals We Mined in 2021: Visualized, Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, A Visual Crash Course on Geothermal Energy. Leading cities with the most billionaires in 2022 [Graph]. 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? 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. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Zurich, Switzerland - 27.34% Millionaires. 13. Additionally, approximately 18% of Japan's universities are found in Tokyo. 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. 10. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. The top 10. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Photo: @Kim Kardashian West. India is the world's second-most populous country, with several large cities and densely inhabited areas. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. Cebu City: $660 million. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. 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. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. He is popularly known for his role as Madea on House of Payne. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. Air Cargo News Awards 2020. dnata wins again. Follow Us. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. 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. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. What is the Cost of Living in New Hampshire? Then you can access your favorite statistics via the star in the header. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. Travel + Leisure. Tokyo, Japan- GDP: $1,520 billion. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. 12. The billionaire's rank, nationality, and source of his or her wealth is listed. A little known fact is that L.A. is the manufacturing center of the country. Newsletter. He worked to revolutionize transportation on earth. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. 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. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. UAE in Top 20. This includes the burgeoning FinTech, or financial technology industries. 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. Another crucial element is the neighborhood of Zhongguancun. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. This included plans of action to assist with rent, taxes, business subsidies and more. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. This site uses Akismet to reduce spam. 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. 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. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. Being the largest city of the country, Mumbai is extensively . The San Francisco Bay Area boasts 276,400 millionaires. 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. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Surprisingly, this is the Big Apples first time atop the ranking. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. (March 17, 2022). The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. 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. The ideal entry-level account for individual users. Though London had a net gain of one new billionaire this year, this city that appeals to the worlds elite actually has five new billionaire residents who hail from outside the United Kingdom, including Russian brothers, , founders of online gaming firm Playrix; and, , who inherited part of the fortune of her late father, Brazilian healthcare tycoon, in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like, . Geneva, Switzerland - 17.92% Millionaires. March 17, 2022. In the list of Forbes' Philippines' 50 Richest 2020, the Sy siblings remain at the number one spot of Philippines' Rich List for this year with a net worth of $13.9 Billion despite losing $3.3 Billion due to the pandemic. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Refer to sources for more information. Does your team make it in the top fifty richest soccer clubs in 2022? With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. - 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. 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. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Wealthiest cities (amount in billions . (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. A huge part of this development was the influx of multi-national corporations. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Delhi City. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Delhi city is the second most populated city in the world with a 30,291,000 million population. San Ramon ranks among the top ten safest cities in California. 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. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. 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Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. This statistic is not included in your account. ", 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. 10. On a related note, there is a sizeable population of secondary homeowners in London. It is the largest urban economy on the planet. 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. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. - 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. The methodology of calculating GDP may differ between the studies and are widely based . Pasay City: $350 million. 1. Hong Kong remains No. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. While the cost of living in some of the cities in these nations is low, it comes at the price of a weak currency, poor economy, and, in many cases, political and economic turmoil. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. [3] List [ edit] Pune - Oxford Of The East. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. London, United Kingdom: $978.402 Billion, 2. 2022 Rankings of Highly Urbanized Cities. According to the United Nations' latest report on populations in cities, by 2030, "urban areas are projected to house 60 percent of people globally and one in every three people will live in . Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. 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. You only have access to basic statistics. Historically speaking, Osaka has always been thought of as a major economic center of Japan. Tokyo is the most fascinating city to live in but also the most densely packed. 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. Kolkata- GDP $150.1 Billion. 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. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. 11. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. New York City, USA: $1,330.000 Billion. Tourism is another major contributor to the economy of Philadelphia. 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. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. 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). 30 in the index, a. 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. Richest Cities in the World. American retail corporation Walmart has been the world's largest company by revenue since 2014. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. At 89 years old, Warren Buffett is the oldest richest person by 5 years. 27. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. Its been rapidly replaced by information tech and financial services. 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. London is known for its financial and business sectors, and it attracts a significant number of high-earning professionals who contribute to its reputation as a hub of wealth and luxury. Furthermore, 121. 2. By 900,. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. 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. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. 6 and No. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. In total, these 30 people control. Since 1949, Beijing was considered one of China's most industrial cities. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. The richest person in New York City is Bloomberg LP founder and former Mayor Michael Bloomberg, who spent nearly $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. Ranked: The Worlds Richest Billionaires Over the Past 10 Years, All of the Worlds Money and Markets in One Visualization (2022), The U.S. and China Account for Half the Worlds Household Wealth, Charting the Relationship Between Wealth and Happiness, by Country, Mapped: The Wealthiest Billionaire in Each U.S. State in 2022, Poll: Inflation is the Top Financial Concern for Americans, From New York to Damascus, this infographic uses EIU cost of living data to rank the worlds most and least expensive cities to live in.
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