He is worth $1 billion, becoming the richest actor in the world. Ahmedabad - Textile Hub Of India. If that is the case, knowing its cost of living is vital. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Kim Kardashian- $1 billion. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Basically, the metropolitan areas of Maastricht. Let me take you through the updated list of the World's richest cities as of 2022. 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. , who is also the richest person in the nation. New Delhi- GDP $293.6 Billion. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. 4. 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.). 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. 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, . Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. 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. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. In fact, Delhi's population can beat Tokyo by 2028. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Seven cities have population more than 3 million. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Leading cities with the most billionaires in 2022 [Graph]. The billionaire's rank, nationality, and source of his or her wealth is listed. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. L.A. makes good use of both job training programs and development projects. 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. Using data from Wealth-X, here's a look at the top 10 cities with the highest UHNW populations: It's worth noting that six of the top 10 UHNW cities are in America. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. Singapore broke into the top 10, replacing Seoul, which was No. New York City, USA: $1,330.000 Billion. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. "Leading Cities with The Most Billionaires in 2022. (March 17, 2022). For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. 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. 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. San Ramon ranks among the top ten safest cities in California. 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. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! 1. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. 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. This California city is home to prominent billionaires like Mark Zuckerberg, Laurene Powell Jobs, Brian Chesky, and Jack Dorsey, with many of these billionaires possessing assets worth over $8 billion USD. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. The cities shown in our visualization are already well-established locations for high-net-worth individuals. 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 an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. 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. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. London City | Photo: Reuters 7. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. 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. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). 4, respectively. Kolkata is the third richest city in South Asia after Mumbai and Delhi. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. One dropoff is. Show publisher information Which Countries Have the Lowest Inflation? These figures were taken after the market close on September 18, 2020. The methodology of calculating GDP may differ between the studies and are widely based . The four cities that made the top 50 in 2019 but did not make . Kolkata- GDP $150.1 Billion. The Big Smoke is no stranger to economic prosperity. He worked to revolutionize transportation on earth. [Online]. As a Premium user you get access to background information and details about the release of this statistic. More than 80% of Russias, call its capital home, including mining mogul. Tourism is another major contributor to the economy of Philadelphia. the country's economy as a whole is one of the fastest growing in the world. Taguig City: $480 million. 4, respectively. In fact, the average annualy income in these neighborhoods is typically over 100,000. Hong Kong is once again the city with the second most billionaires in the world. Major sectors there include: real estate and fund management. 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, . 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. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Before the Ukraine invasion, Moscow was the economic hub of Russia. You only have access to basic statistics. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. Which Countries are Buying Russian Fossil Fuels? Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. 6 and No. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. Adding to the diversity are biotech companies and information technologies. This statistic is not included in your account. We added hundreds of new lists - see our top 101 city lists. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. Los Angeles, Chicago and Houston round out the top five. Zurich, Switzerland - 27.34% Millionaires. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. 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. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. 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. These four cities are home to 228 billionaires. Boston-Cambridge-Newton, Massachusetts. 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. 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. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Richest Cities in the World. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. 2013", "Bevolkingsontwikkeling; Regionale kerncijfers Nederland", "Bevolkingsontwikkeling; regio per maand", "Regional gross domestic product: Year ended March 2020", "2016 Census Community Profiles: Ballarat", "2016 Census Community Profiles: Bendigo", "The top 15 Indian cities by GDP | India's top 15 cities with the highest GDP - Yahoo India Finance", "Estimates of District Domestic Product Madhya Pradesh", "Federal Statistical Office Germany - GENESIS-Online", "Dossier on the Metropolitan City of Bologna", "Regionales Energiekonzept fr den Groraum Braunschweig", "Regional GDP per capita ranged from 31% to 626% of the EU average in 2017", "1.1 Valoarea produsului intern brut pe judee i regiuni", "Regional Population: Population estimates by Significant Urban Area, 2009 to 2019", "The Online Journal of McKinsey & Company", "Statistical Communiqu of Changsha City on the 2020 National Economic and Social Development", "Regional GDP per capita in the EU in 2010", "Regional economic activity by gross value added (balanced), UK: 1998 to 2017", "Yearly Average Currency Exchange Rates | Internal Revenue Service", "Population on 1 January by age groups and sex functional urban areas", "Tanzania: GDP at current prices, by region", "Dhaka, Bangladesh GDP and Income Distribution", "China: Shndng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", "Gross Domestic Product (GDP) of the Emirate of Dubai 20062008", "Bilancio demografico anno 2015 e popolazione residente al 31 dicembre; Comune: Firenze", "Posio ocupada pelos 100 maiores municpios, em relao ao Produto Interno Bruto", "Department of Statistics Malaysia Official Portal", "Gross domestic product (GDP) at current market prices by metropolitan regions", "Significant Urban Area (SUA) ASGS Edition 2016 in .csv Format", "Bilan dmographique selon le niveau gographique institutionnel", "US Dollar to British Pound Spot Exchange Rates for 2022", "2016 Census Community Profiles: Gladstone Tannum Sands", "OECD - Metropolitan areas - Population, all ages", "3218.0 Regional Population Growth, Australia, 2017-18: Population Estimates by Significant Urban Area, 2008 to 2018", "Metropolitan Employment Area (MEA) Data", "Regional GDP per capita ranged from 30% to 263% of the EU average in 2018", "Hanoi's economic growth hits 4-year high of 7.62% in 2019", "3218.0 Regional Population Growth, Australia, 2017-18: Main Features", "Report for Selected Countries and Subjects", "DocSend - Simple, intelligent, modern content sending", "Estimates of District Domestic Product of Rajasthan for 2020-21", 2015 Census Final Data " 27 | | ", "Karachi Mega-Cities Preparation Project", "Bevlkerung nach Nationalitt und Bundeslndern", "Rodikli duomen baz - Oficialiosios statistikos portalas", https://worldpopulationreview.com/countries/cities/australia%7Caccess-date=2021-05-02%7Cwebsite=worldpopulationreview.com}}, "District Domestic Product Estimates Uttar Pradesh Year 2019-20", "World Economic Outlook Database, October 2019", "Bevlkerung der Gemeinden am 31.12.2010", "Population and employment / IMSEE - Monaco IMSEE", "Mumbai 17th in global GDP list, says survey", "Mumbai and Delhi rank as 5th and 6th largest cities in Asia with a GDP of over $400 bn: JLL 'Global 300' Rankings", "District Domestic Product of Maharashtra 2011-12 to 2019-20", "Bruttoinlandsprodukt in den Metropolregionen in Deutschland 2014 | Statistik", https://web.archive.org/web/20150924002318/http://www.espon.eu/export/sites/default/Documents/Projects/ESPON2006Projects/StudiesScientificSupportProjects/UrbanFunctions/fr-1.4.3_April2007-final.pdf, "Directorate of Economics and Statistics", https://ec.europa.eu/eurostat/documents/2995521/10474907/1-05032020-AP-EN.pdf/81807e19-e4c8-2e53-c98a-933f5bf30f58&ved=2ahUKEwi-u5GHnujpAhUOuIsKHaOlDG0QFjACegQIBRAJ&usg=AOvVaw0NnWnyaFRad5NgG3NGcbJP&cshid=1591276979492, "City of Tshwane, Metropolitan Municipality 799 from Census 2011", "PIB por Entidad Federativa (PIBE) en 2019, Base 2013", European Spatial Planning Observation Network, "Gross domestic product in regions | Oficils statistikas portls", "METRO - "The role and future perspectives of Cohesion Policy in the planning of Metropolitan Areas and Cities", "IBGE: SALVADOR ocupa 22 lugar no ranking per capita do PIB/2011", "Shanghai first Chinese city to top 3 trillion yuan GDP", "3218.0 Regional Population Growth, Australia, 201718: Population Estimates by Significant Urban Area, 2008 to 2018", "Aire d'attraction des villes 2020 de Strasbourg (partie franaise) (010)", "Population, 1 January by Year, County, Sex and Age group", " ", "Tel Aviv 2022 Global Business Cities Report", "Tokelau's Gross Domestic Product determined for first time this century", Final population counts: 2016 Tokelau Census, "Popolazione Residente al 1 Gennaio 2020", "Demo-Geodemo. Shanghai. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Greater Mumbai still is the most populated city in its 440 sq. Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. Hong Kong remains No. 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. 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. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Refer to sources for more information. New York, U.S . 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. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. 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. It is also home to Wall Street, the financial capital of the US and the world. Quezon City: $1.69 billion. 12. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . Historically speaking, Osaka has always been thought of as a major economic center of Japan. 7 and Shanghai and Beijing staying flat at No. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. This is a list of cities in the world by gross domestic product (GDP). 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. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Km. 2022 Rankings of Highly Urbanized Cities. The typical American household earns $57,617 per year. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. The top 10. He is popularly known for his role as Madea on House of Payne. Are you interested in testing our business solutions? 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. The top ten richest cities in the world based on private wealth include: 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. Among the top 50, Aruba will climb five spots. The Top 5 Cities in Mexico. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Paris, which has topped the ECA list in the past, dropped out of the top 30. Finally, London hosts some of the most prominent Fortune Global 500 companies such as Lloyds Banking Group, Prudential, J Sainsbury, BP, Tesco and Vodafone Group, among others. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. Asia is the region with the second most millionaires with six cities in the mix. Business Solutions including all features. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. 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. Los Angeles is not California's only wealthy city! 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 international city has over 192,000 resident millionaires with 34 billionaires. The cannabis business is rather recent, but also encourages financial growth for the city. Kolkata is the financial, commercial and industrial hub of the North East region. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? 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. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. 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. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). Washington, District of Columbia: $578.985 Billion, 4. 10. Image Source. Travel + Leisure. The median home value for the lower Tribeca area is around $2.5 million. The Top 15 Cities in Asia in 2020. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). These are of very low quality and should be avoided. Learn how your comment data is processed. Their net worth is based on the data from 2022 available on their respective Forbes profiles. 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. This included plans of action to assist with rent, taxes, business subsidies and more. 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. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. 3. 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. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Beijing also has the dubious distinction of being the knock-off capital of the world. 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. Visualizing the Global Share of U.S. Stock Markets. Delhi city is the second most populated city in the world with a 30,291,000 million population. 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. Keep in mind that state-owned corporations in China get tremendous government support no matter what the economic conditions, even Global 500 companies like SAIC Motor and China National Petroleum. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. 1. To use individual functions (e.g., mark statistics as favourites, set In an attempt to rank the cities of the world according to wealth, we will use the Purchasing Power Parity (PPP) as a means of comparison. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. Here are the 10 leading cities for the wealthy for 2019. It has more sunshine than Florida, Read More The 20 Safest Places to Live in ArizonaContinue, Generally speaking, when people set out to buy a property, they are recommended to check out the property in person before making the purchase. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. In, Hurun Research Institute. March 17, 2022. 6 and No. 30 in the index, a. Founded in 1630, Boston is one of our countries oldest cities. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. Swift reportedly owns about $40 million worth of property in the area. 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. [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. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. Both these cities had high inflation and a strong currency. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. "Leading cities with the most billionaires in 2022."

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