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 1. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. Top Cities in the World to Visit. 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. [3] List [ edit] This statistic is not included in your account. [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. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. By 2025, the city's GDP would have [] 29. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. In total, these 30 people control. Which Countries Have the Lowest Inflation? According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. 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. 1. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. 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). After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. Singapore broke into the top 10, replacing Seoul, which was No. Being the largest city of the country, Mumbai is extensively . Let's consider New York City. It had about 2,000 inhabitants at the time. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. More than 80% of Russias, call its capital home, including mining mogul. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. 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. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. Statista. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost. London, United Kingdom: $978.402 Billion, 2. In other words, the city produces poor copies of everything from designer fashions to scooters. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. Washington, District of Columbia: $578.985 Billion, 4. 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. 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. 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. You can only download this statistic as a Premium user. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. Kim Kardashian- $1 billion. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. Regarded as China's financial hub, this bustling city is home to the Shanghai Stock Exchange, one of the largest stock exchanges in the world. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. At its peak, General Motors enjoyed a 50% market share in the United States. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Furthermore, 121. Some of them have topped the rankings for decades, while some others are less well-known. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. These figures were taken after the market close on September 18, 2020. 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. But what are the fastest growing cities for the rich? The city employs 36,000 people and is home to some 75, 00 people. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Ahmedabad - Textile Hub Of India. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. He is worth $1 billion, becoming the richest actor in the world. This site uses Akismet to reduce spam. 4, respectively. 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. It is the largest urban economy on the planet. Kolkata is the third richest city in South Asia after Mumbai and Delhi. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. The city contributes about 30% of goods sold in Russia. New York, U.S . 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. 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. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. 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. 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. U.S. Inflation: How Much Have Prices Increased? This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. "Leading cities with the most billionaires in 2022." The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). San Francisco also relishes in its reputation as the sixth largest economy in the US. This international city has over 192,000 resident millionaires with 34 billionaires. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. Makati City: $4.48 billion. I cover the world's richest people and how they made their billions. 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. 12. A big economic draw for San Francisco is its close proximity to Silicon Valley. 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. 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. 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. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Profit from the additional features of your individual account. Being a prominent city in Asia, Shanghai is home to over 24 million people, there are about6,180 multi-millionaires and 42 billionaires living in Shanghai. 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. 5. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Loudoun County. A paid subscription is required for full access. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. 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. 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 cities shown in our visualization are already well-established locations for high-net-worth individuals. This video will compare the top 50 richest people in the world by net worth in 2020. Air Cargo News Awards 2020. dnata wins again. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. The Top 5 Cities in Mexico. Please do not hesitate to contact me. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. The top 10. - 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. London City | Photo: Reuters 7. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. 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. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. 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. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. 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. 4. Use Ask Statista Research Service. While Shenzhens export-led manufacturers have struggled 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. 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. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. New York City, USA: $1,330.000 Billion. When is it OK to Buy a House Site Unseen as an Investor? Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Tourism is another major contributor to the economy of Philadelphia. The richest country in the world is Luxembourg. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. Zurich, Switzerland - 27.34% Millionaires. 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. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. Visakhapatnam - Industrial Port Of India. The 150 richest cities in the world by GDP in 2020 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. Major metropolitan areas contributing at least 2.5% of world GDP. Washington, D.C.. The largest economy in states, New York Citys prosperity is rooted in Wall Street. Their net worth is based on the data from 2022 available on their respective Forbes profiles. If you live in a city where many residents find it challenging to put a roof over their heads, food on their plates, and make ends meet, you live in an expensive city. While Shenzhens export-led manufacturers have. 2. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Learn how your comment data is processed. 2022 Rankings of Highly Urbanized Cities. Seven cities have population more than 3 million. Tokyo has 39 million residents which are 50% more than any other urban area of the world. Number of individuals with a net worth of $5 million or more: 49,005 Percentage of global population: 1.7% Paris is the capital and most populous city of France, with an estimated population of 2,150,271 residents as of 2020, in an area of 105 square kilometers (41 square miles). Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. Mapped: Which Countries Have the Highest Inflation? 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). Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Caloocan City: $360 million. Among the top 50, Aruba will climb five spots. Its been rapidly replaced by information tech and financial services. Geneva, Switzerland - 17.92% Millionaires. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. 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. Top 10 Poorest Countries In The World 1. Major sectors there include: real estate and fund management. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. New York City. The richest cities in the world are determined by their gross domestic product, or GDP. , who is also the richest person in the nation. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Register in seconds and access exclusive features. Beijing also has the dubious distinction of being the knock-off capital of the world. Access to this and all other statistics on 80,000 topics from, Show sources information The Top 5 Cities in Mexico in 2020. If you are an admin, please authenticate by logging in again. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. This included plans of action to assist with rent, taxes, business subsidies and more. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Image Source. Where are the German and Chinese Cities? Most affluent women worldwide 2022, by net worth, Worldwide wealth distribution by net worth of individuals 2021, Countries with the highest wealth per adult 2021. 7 and Shanghai and Beijing staying flat at No. London is ranked second with $2.7 billion in private wealth. - Mappe, Popolazione, Statistiche Demografiche dell'ISTAT", "Total Real Gross Domestic Product for Wichita, KS (MSA)", "Population estimates by selected Non-ABS Structures, 2010-2020", "China: Gungdng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", https://en.wikipedia.org/w/index.php?title=List_of_cities_by_GDP&oldid=1142520927, This page was last edited on 2 March 2023, at 21:41. Refer to sources for more information. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . 1 with $13.9 billion. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . Tokyo, Japan- GDP: $1,520 billion. The richest city in the world is Tokyo. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. Singapores richest resident. Apart from the cost of a home, examining how, Read More What is the Cost of Living in New Hampshire?Continue, Mexicos proximity to the US makes it a hugely popular option for American expats and retirees. You need at least a Starter Account to use this feature. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. South Koreas Wall Street is the Korea Exchange in Yeoui Island. 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. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. 1. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. The ideal entry-level account for individual users. area followed by Delhi, Kolkata, Bangalore and Chennai. New York City: 107 Billionaires. For instance, the city of New York is a metropolitan area made up of 5 boroughs with each borough contributing to the cities overall GDP. Surat - City Of Sun. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. 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. Among Singapores newcomers are gaming tycoons Forrest Li and Gang Ye, cofounders of the online gaming and e-commerce firm Sea; both industries have benefited from people staying indoors and spending more time online. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. The Rhine-Ruhr metropolitan area is the economic power house of Germany. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. Macao SAR will climb from 17th in 2020 to 9th in 2021. . Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. Photo: @Kim Kardashian West. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. 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. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. The Football Lovers Menu News Premier League Manchester City Manchester United Liverpool Chelsea Arsenal Leicester City Tottenham Hotspur West Ham United Everton Transfers Top 10 Quizzes Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. Asia is the region with the second most millionaires with six cities in the mix. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. 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, .
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