Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. A good part of their revenue comes from their port, which is the largest container port in the world. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. Both these cities had high inflation and a strong currency. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. Currently, you are using a shared account. As a Premium user you get access to the detailed source references and background information about this statistic. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. 10. 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. 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. Hong Kong is once again the city with the second most billionaires in the world. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? This international city is also attractive to domestic and foreign investors alike. Billionaire refers to U.S. dollar billionaire. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. South Koreas Wall Street is the Korea Exchange in Yeoui Island. Km. 1. 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! After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. 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Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. - 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. This includes the burgeoning FinTech, or financial technology industries. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. Refer to sources for more information. 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. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. Use Ask Statista Research Service. The international city of romance boasts an economically wealthy status. 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. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. 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, . 50 Richest Countries in the World 2020. However, its also a city steeped in industry. A huge part of this development was the influx of multi-national corporations. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. 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. [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. 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. A massive powerhouse in Seoul is Samsung. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. Washington, D.C.. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. These figures were taken after the market close on September 18, 2020. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. [3] List [ edit] 6 and No. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Most of the cities in our list have a similar history in terms of long-standing economical power (Tokyo, Paris, London), while others seem to have gained most of their wealth in the past 2 to 3 decades (San Francisco.). "The Sy siblings took the biggest hit in dollar terms but remain at No. 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). 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. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities You need at least a Starter Account to use this feature. 1. U.S. Inflation: How Much Have Prices Increased? Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. At its peak, General Motors enjoyed a 50% market share in the United States. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. 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. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Are you interested in testing our business solutions? These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. 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 Register in seconds and access exclusive features. 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. Today, with 272,400 millionaires, the city holds a more humble position. 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. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. 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. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . On a related note, there is a sizeable population of secondary homeowners in London. These four cities are home to 228 billionaires. In fact, Delhi's population can beat Tokyo by 2028. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. . 11. MacKenzie Scott is an American novelist and philanthropist. The cities shown in our visualization are already well-established locations for high-net-worth individuals. 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. Loudoun County. 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! 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. Delhi City. 10. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. Ahmedabad - Textile Hub Of India. 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. Countries that want to attract wealthy individuals will have to apply tax-friendly policies along with other factors such as quality of life, safety, education, and access to amenities that ultra-wealthy residents value. 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. 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. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. Where are the German and Chinese Cities? (March 17, 2022). San Francisco also has the highest median household income in the country. 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. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. 24/7 Wall Street reviewed income levels in 382 metropolitan . Dubai in top 10. Which Countries Have the Lowest Inflation? The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. You only have access to basic statistics. 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. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. 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. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. 2. 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. Business Solutions including all features. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. Tokyo has 39 million residents which are 50% more than any other urban area of the world. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. New York City. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). Then you can access your favorite statistics via the star in the header. Palo Alto - $147,537 Basically, the metropolitan areas of Maastricht. How does a city become one of the wealthiest in the world? The city employs 36,000 people and is home to some 75, 00 people. Dublin is the wealthiest city, with a per capita income of $115,094. Monaco - 29.21% Millionaires. 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. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. Singapores richest resident. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. 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. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. 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. Surprisingly, this is the Big Apples first time atop the ranking. City of Clayton -$146,225. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. More than 80% of Russias, call its capital home, including mining mogul. Kolkata is the third richest city in South Asia after Mumbai and Delhi. The city contributes about 30% of goods sold in Russia. The top 10 richest cities in the Philippines. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Seoul is a gorgeous city and the economic hub of South Korea. Beijing is the capital of China and has a population of over 20 million. Mumbai - City Of Dreams. [Online]. 13. 30 in the index, a. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Swift reportedly owns about $40 million worth of property in the area. A big economic draw for San Francisco is its close proximity to Silicon Valley. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. New York, U.S . Meanwhile, Barcelona dropped to No. New York City, USA: $1,330.000 Billion. 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. Founded in 1630, Boston is one of our countries oldest cities. Cebu City: $660 million. 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. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. 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. Wealthiest cities (amount in billions . New York City: 107 Billionaires. 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. 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. Macao SAR will climb from 17th in 2020 to 9th in 2021. Top Cities in the World to Visit. San Francisco also relishes in its reputation as the sixth largest economy in the US. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Hong Kong remains No. Among the top 50, Aruba will climb five spots. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. By 900,. If you are an admin, please authenticate by logging in again. I cover the world's richest people and how they made their billions. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. 6 and No. Click on the headers to reorganize columns. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. Delhi city is the second most populated city in the world with a 30,291,000 million population. Source: Forbes Music: Beethoven 5th Symphony 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. Major metropolitan areas contributing at least 2.5% of world GDP. 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. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. San Ramon ranks among the top ten safest cities in California. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. to incorporate the statistic into your presentation at any time. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. Trip Ideas; Well-known corporations that reside in SEZ are Tencent, Huawei and DJI.