This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. MacKenzie Scott is an American novelist and philanthropist. 3. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Seven cities have population more than 3 million. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Use Ask Statista Research Service. Florence, Italy - 2.59% Millionaires. Top Cities in the World to Visit. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. 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. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. 10. The Rhine-Ruhr metropolitan area is the economic power house of Germany. to incorporate the statistic into your presentation at any time. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. 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. Richest Places in the World According to a recent study by Forbes, the five richest cities in the world are Tokyo, New York City, Los Angeles, London, and Paris. Barcelona, Spain Rome, Italy Madrid, Spain Singapore, Singapore Amsterdam, Netherlands Prague, Czech Los Angeles, USA Chicago, USA San Francisco, USA Berlin, Germany Hong Kong, China Washington, USA Beijing, China Dublin, Ireland Istanbul, Trkiye Las Vegas, USA Milan, Italy Budapest, Hungary Toronto, Canada Sydney, Australia Seoul, South Korea Finally, Oceania has two cities on the list, both located in Australia. One dropoff is. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. 1. The four cities that made the top 50 in 2019 but did not make . New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Newsletter. Though still bruised and battered by the effects of the pandemic, New York City is holding true to its reputation as a tough and resourceful city. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. At 89 years old, Warren Buffett is the oldest richest person by 5 years. 6 and No. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. This is because they are supposed to get a better idea, Read More When is it OK to Buy a House Site Unseen as an Investor?Continue, You might be thinking of relocating to New Hampshire for work or other reasons. 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. Some cities have some obvious billionaires that come to mind. Surprisingly, this is the Big Apples first time atop the ranking. These figures were taken after the market close on September 18, 2020. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. 24/7 Wall Street reviewed income levels in 382 metropolitan . To make the list, the EIU examines 400+ prices for over 200 products and services in 172 cities, surveying a variety of businesses to track price fluctuations over the last year. Business Solutions including all features. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. Major metropolitan areas contributing at least 2.5% of world GDP. 4, respectively. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. 1. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. The Top 5 Cities in Mexico. 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. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. 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. However, Shanghai is one of Asia's most expensive cities to live in, due to its high cost of living, from real estate to daily transportation. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. Before the Ukraine invasion, Moscow was the economic hub of Russia. You can only download this statistic as a Premium user. The Top 15 Cities in Asia in 2020. Additionally, approximately 18% of Japan's universities are found in Tokyo. 7 and Shanghai and Beijing staying flat at No. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Air Cargo News Awards 2020. dnata wins again. Palo Alto - $147,537 Most such agglomerations are economically, socially and culturally dominated by one city at their centre. (March 17, 2022). A massive powerhouse in Seoul is Samsung. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). 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. The metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. Being the largest city of the country, Mumbai is extensively . Today, with 272,400 millionaires, the city holds a more humble position. New York City, USA: $1,330.000 Billion. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. The top ten richest cities in the world based on private wealth include: 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. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. 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. Pasay City: $350 million. 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. 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. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Ian Lurie on Quora calls Seattle "one of the most beautiful U.S. cities you'll find, with lots of lakes, the bay, mountains and green stuff.". As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. 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. Then you can access your favorite statistics via the star in the header. There are 4,000 cities and towns in India. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. 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. 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. Tourism is another major contributor to the economy of Philadelphia. 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. You only have access to basic statistics. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. Available: https://www.statista.com/statistics/299494/billionaires-top-cities/, Leading cities with the most billionaires in 2022, Available to download in PNG, PDF, XLS format, Global billionaire population by region 20121, Growth of billionaire wealth globally 2020, by industry, Age distribution of billionaires globally 2021, Value added to the wealth of the world's leading billionaires during pandemic 2021, Number of billionaires worldwide by wealth source 2021, Wealth distribution of billionaires around the world 2021, Total wealth distribution of billionaires around the world 2021, Share of the global wealth held by the richest percent 2010-2021, Distribution of billionaires worldwide 2021, by gender, Youngest billionaires globally 2022, by net worth, Richest self-made women in the United States 2022, based on net worth, Distribution of billionaires in the U.S. by gender 2022, Source of billionaire's wealth worldwide in 2020, by gender, Number of ultra high net worth individuals 2021, by region, Ultra high net worth individuals 2021, by country, Share of the world's billionaires by region 2021, Number of billionaires in Europe in 2021, by country, Wealth of billionaires around the world by region 2021, Primary industries of billionaires worldwide 2021, Breakdown of the average billionaire's wealth worldwide 2021, by assets, Most affluent people in the tech industry worldwide 2022, by net worth, Countries with the biggest emigration of millionaires 2020, Average net worth of billionaires worldwide, 2013, Top 10 countries by average wealth of billionaires 2013, Top 10 countries by the number of billionaires per capita 2013, African cities with the most billionaires, as of 2014, Educational attainment of billionaires worldwide, 2013, Number of billionaires in Africa 2013, by country, Gender distribution of billionaires worldwide, 2013, Top 10 countries by percentage of female billionaires 2014, Average number of children of billionaires worldwide, 2013, Marital status of billionaires worldwide, 2013, Source of billionaire's wealth worldwide, 2013, Average age of billionaires worldwide, 2013, Number of billionaires in select European cities 2014-2018, Top 10 countries by the percentage of female billionaires 2013, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports, the most significant industries in the global billionaire production line. You need at least a Starter Account to use this feature. The richest country in the world is Luxembourg. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. , who is also the richest person in the nation. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. This statistic is not included in your account. London is ranked second with $2.7 billion in private wealth. The cities shown in our visualization are already well-established locations for high-net-worth individuals. New York City: 107 Billionaires. We added hundreds of new lists - see our top 101 city lists. The 373-page COA report covered all 81 provinces, 145 out of 146 cities, and 1,447 out of 1,488 municipalities that submitted their 2020 financial statements. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. As soon as this statistic is updated, you will immediately be notified via e-mail. The Big Smoke is no stranger to economic prosperity. U.S. Inflation: How Much Have Prices Increased? Chart. [Online]. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. 2 on the list, but the city recorded a net loss of eight billionaire residents. $520.1. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). It is through the electric car maker Tesla and in space by rocket produced by SpaceX. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. To use individual functions (e.g., mark statistics as favourites, set 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. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Furthermore, 121. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. 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. Please create an employee account to be able to mark statistics as favorites. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. 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. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Singapore broke into the top 10, replacing Seoul, which was No. 12. Profit from the additional features of your individual account. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Makati City: $4.48 billion. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! Historically speaking, Osaka has always been thought of as a major economic center of Japan. 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. Moscow. Get full access to all features within our Business Solutions. Km. Paris, which has topped the ECA list in the past, dropped out of the top 30. - 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. Zurich, Switzerland - 27.34% Millionaires. If you are an admin, please authenticate by logging in again. The Big Apple has historically been a hub for trade and investment, due to a buzzing port and its very well connected location, with rivers and canal systems reaching out to the midwest. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. The median home value for the lower Tribeca area is around $2.5 million. 1. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. 12. 4. Asia is the region with the second most millionaires with six cities in the mix. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). What is the Cost of Living in New Hampshire? 2 on the list, but the city recorded a net loss of eight billionaire residents. New Delhi- GDP $293.6 Billion. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. This includes the burgeoning FinTech, or financial technology industries. These four cities are home to 228 billionaires. Refer to sources for more information. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. The Private Industry Council works to promote the local economy via job training programs. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. 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. At its peak, General Motors enjoyed a 50% market share in the United States. While Shenzhens export-led manufacturers have. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. Till 2030, Tokyo city will project to be the top-most populated city on earth. Being a world-class city that attracts prominent figures in the tech industry, San Francisco is one of California's most popular (and richest) cities. Let me take you through the updated list of the World's richest cities as of 2022. March 17, 2022. 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. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. In fact, London is one of the chief financial centers of the world. 11. Source: Forbes Music: Beethoven 5th Symphony The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. 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. Meanwhile, Barcelona dropped to No. 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. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. 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. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. The billionaire's rank, nationality, and source of his or her wealth is listed. Both these cities had high inflation and a strong currency. Pune - Oxford Of The East. Tokyo is the most fascinating city to live in but also the most densely packed.