China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. . Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. Los Angeles, Chicago and Houston round out the top five. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Asia is the region with the second most millionaires with six cities in the mix. Mapped: Which Countries Have the Highest Inflation? 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. 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. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. The city employs 36,000 people and is home to some 75, 00 people. Chart. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. 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,. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. 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. 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. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. MacKenzie Scott is an American novelist and philanthropist. Seoul is a gorgeous city and the economic hub of South Korea. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. 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. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. 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. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). City of Clayton -$146,225. 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. Their net worth is based on the data from 2022 available on their respective Forbes profiles. This site uses Akismet to reduce spam. London City | Photo: Reuters 7. Travel + Leisure. A massive powerhouse in Seoul is Samsung. In fact, Delhi's population can beat Tokyo by 2028. Its been rapidly replaced by information tech and financial services. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. The Top 5 Cities in Mexico. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. I cover the world's richest people and how they made their billions. Ranked: Americas Best Places to Work in 2023, Mapped: GDP Growth Forecasts by Country, in 2023, Charted: Teslas Unrivaled Profit Margins, Ranked: The Top Online Music Services in the U.S. by Monthly Users. Shibuya Crossing, one of the busiest crosswalks in the world, in Tokyo, Japan Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Zurich, Switzerland - 27.34% Millionaires. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Loudoun County. 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 . It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. The Top 25 Cities in the World in 2020. These are of very low quality and should be avoided. Source: Forbes Music: Beethoven 5th Symphony Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. 1. The San Francisco Bay Area boasts 276,400 millionaires. New York City. Greater Mumbai still is the most populated city in its 440 sq. Newsletter. - 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. Here are the 10 cities in the world with the most billionaires: New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. The Private Industry Council works to promote the local economy via job training programs. Beijing also has the dubious distinction of being the knock-off capital of the world. Which Countries Have the Lowest Inflation? Wealthiest cities (amount in billions . This included plans of action to assist with rent, taxes, business subsidies and more. Use Ask Statista Research Service. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. 30 in the index, a. At its peak, General Motors enjoyed a 50% market share in the United States. 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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. 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. Till 2030, Tokyo city will project to be the top-most populated city on earth. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. , 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. Then you can access your favorite statistics via the star in the header. Ahmedabad - Textile Hub Of India. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. A paid subscription is required for full access. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. 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. 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. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. 10. There is a distinction between wealth held by identifiable individual billionaires or a "nuclear family" and the wider notion of an extended family or a historical "dynasty," where the wealth of a . Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? 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. Its wealthiest resident, Ma Huateng, chairman and CEO of Internet media behemoth Tencent Holdings, is the second-richest person in China, after Alibaba cofounder Jack Ma. The largest economy in states, New York Citys prosperity is rooted in Wall Street. Swift reportedly owns about $40 million worth of property in the area. New York City: 107 Billionaires. Image Source. Air Cargo News Awards 2020. dnata wins again. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Surprisingly, this is the Big Apples first time atop the ranking. Los Angeles is a city that takes great strides to encourage economic growth. UAE in Top 20. Meanwhile, Barcelona dropped to No. 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. The PPP value of a city (or country) is commonly used by macroeconomic analysts and economists, as its a popular metric to determine a city's standard of living and economic prosperity. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. Known as a center of learning due to the many high caliber universities in the city such as Osaka and Kansai universities, Osaka attracts creative and innovative industries. Indian richest cities 2021. 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 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. 7 and Shanghai and Beijing staying flat at No. 7 and Shanghai and Beijing staying flat at No. Interactive map Currently, you are using a shared account. 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. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. As such when it comes to the richest cities in the world, New York City comes in at number 2. [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. 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. More than 80% of Russias, call its capital home, including mining mogul. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. 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! Florence, Italy - 2.59% Millionaires. 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. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. In some U.S. cities, however, more than half of all households earn $70,000-plus. 3. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. [3] List [ edit] 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. Basically, the metropolitan areas of Maastricht. Refer to sources for more information. 24/7 Wall Street reviewed income levels in 382 metropolitan . Tourism is another major contributor to the economy of Philadelphia. 9 last year. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. 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? What is the Cost of Living in New Hampshire? 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. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. He is worth $1 billion, becoming the richest actor in the world. Additionally, approximately 18% of Japan's universities are found in Tokyo. On a related note, there is a sizeable population of secondary homeowners in London. Where are the German and Chinese Cities? 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. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. In other words, the city produces poor copies of everything from designer fashions to scooters. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. If that is the case, knowing its cost of living is vital. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. $520.1. Singapore has one of the highest densities of millionaire households in Asia, with over 5% of households having at least $1 million USD in net financial assets. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. If you are an admin, please authenticate by logging in again. Top 10 Poorest Countries In The World 1. This is a list of cities in the world by gross domestic product (GDP). Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. Top 100 City Lists Top 100 cities with highest median household income Top 100 cities with highest median household income Previous toplist Next toplist New! "The Sy siblings took the biggest hit in dollar terms but remain at No. Hong Kong is once again the city with the second most billionaires in the world. E-commerce has seen a boom in China since millions of citizens were locked down in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like Colin Huang. The four cities that made the top 50 in 2019 but did not make . Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. As soon as this statistic is updated, you will immediately be notified via e-mail. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. You can only download this statistic as a Premium user. The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. 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. "Leading Cities with The Most Billionaires in 2022. Delhi City. Which Countries are Buying Russian Fossil Fuels? Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. Moscow. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. 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. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. Another crucial element is the neighborhood of Zhongguancun. Leading cities with the most billionaires in 2022 [Graph]. How does a city become one of the wealthiest in the world? Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. $516.5. Here are the 10 leading cities for the wealthy for 2019. Cebu City: $660 million. The billionaire's rank, nationality, and source of his or her wealth is listed. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities
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