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. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. Gautam Shantilal Adani. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Furthermore, 121. . Tourism is another major contributor to the economy of Philadelphia. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. 6 and No. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. Register in seconds and access exclusive features. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. 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. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. New York City. 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. Monaco - 29.21% Millionaires. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. 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. Macao SAR will climb from 17th in 2020 to 9th in 2021. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Other Shanghai entrepreneurs are newcomers to the list, including, , who draws his wealth from express delivery firm ZTO Express, and, , whose anime and entertainment site Bilibili, an uptick in demand after it gave residents of locked down areas. 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! For the first time, revenues from Global 500 companies in Greater China (including Taiwan). Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. 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. 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. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. New York City is also considered the country's leader in finance due to its storied past. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. 9 last year. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Refer to sources for more information. He worked to revolutionize transportation on earth. The richest country in the world is Luxembourg. L.A. makes good use of both job training programs and development projects. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Surat - City Of Sun. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. New York. In addition, Singapores political stability, low crime rate, and high standard of living have also contributed to its appeal as a place to live and work. 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.". There is a distinction between wealth held by identifiable individual billionaires or a "nuclear family" and the wider notion of an extended family or a historical "dynasty," where the wealth of a . 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. Singapore and New York City tied for the first rank amongst the worlds most expensive cities in 2022, pushing Israels Tel Aviv from the first place in 2021 to the third place in 2022. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. While Shenzhens export-led manufacturers have. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. Lower down the list So, which cities are lower ranked than in previous years? 6 and No. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. Tokyo, Japan- GDP: $1,520 billion. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Pasig City: $710 million. 2. One dropoff is. 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. Florence, Italy - 2.59% Millionaires. 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. 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. 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. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. Top 10 Poorest Countries In The World 1. Wealthiest cities (amount in billions . Delhi city is the second most populated city in the world with a 30,291,000 million population. 2022 Rankings of Highly Urbanized Cities. Additionally, factors such as taxes, transportation costs, and availability of goods and services can also contribute to the overall cost of living in global cities. Paris, which has topped the ECA list in the past, dropped out of the top 30. Various lists of the richest families in the world (excluding royal families or autocratic ruling dynasties) are published internationally, by Forbes as well as other business magazines.. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. 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. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. You need a Statista Account for unlimited access. 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. 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. 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. Though famous for prominent technology companies and hundreds of start-ups across the Silicon Valley, San Francisco's wealth is tied to industries in manufacturing and tourism. Caloocan City: $360 million. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Hurun Research Institute. By 2025, the city's GDP would have [] From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. This is a list of cities in the world by gross domestic product (GDP).The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. 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. Dublin is the wealthiest city, with a per capita income of $115,094. In fact, Delhi's population can beat Tokyo by 2028. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? The ideal entry-level account for individual users. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Lastly, London is home to several of the most well-known Fortune Global 500 firms, including the Lloyds Banking Group, Prudential, J. Sainsbury, BP, Tesco, and Vodafone Group, amongst others. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). 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. In total, these 30 people control. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! 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. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. You only have access to basic statistics. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. 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. 27. A huge part of this development was the influx of multi-national corporations. 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, . After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. About 300 cities have population over 1,00,000. Home to the New York Stock Exchange (NYSE) and the famous American street of Wall Street, New York is regarded as one of the world's wealthiest cities. Where are the German and Chinese Cities? Visualizing the Global Share of U.S. Stock Markets. It had about 2,000 inhabitants at the time. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. 4, respectively. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Are you interested in testing our business solutions? The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. 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 50 Richest Countries in the World 2020. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. 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. What is the Cost of Living in New Hampshire? 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. 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. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. Some of them have topped the rankings for decades, while some others are less well-known. Finally, Oceania has two cities on the list, both located in Australia. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. 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. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion 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. 13. Loudoun County. He is popularly known for his role as Madea on House of Payne. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. Air Cargo News Awards 2020. dnata wins again. 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. The county seat of Loudoun is in Leesburg, where most administration activities take place. Learn how your comment data is processed. Taguig City: $480 million. Among the top 50 economies having the highest gdp per capita, Macao SAR . When is it OK to Buy a House Site Unseen as an Investor? Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. 1. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. Ever since, San Francisco has remained a strong financial stronghold for the state of California. UAE in Top 20. Rankings of Cities and Municipalities are based on the sum of their scores on 4 Pillars: Economic Dynamism, Government Efficiency, Infrastructure, Resiliency, and Innovation.Provincial rankings are based on population and income weighted average of the Overall scores of cities and municipalities under a province. Follow Us. A massive powerhouse in Seoul is Samsung. Moscow. 3. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Today, with 272,400 millionaires, the city holds a more humble position. Till 2030, Tokyo city will project to be the top-most populated city on earth. More than 80% of Russias, call its capital home, including mining mogul. 2. March 17, 2022. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! San Ramon ranks among the top ten safest cities in California. Show publisher information With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. The cannabis business is rather recent, but also encourages financial growth for the city. 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. Leading cities with the most billionaires in 2022 [Graph]. 11. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. Does your team make it in the top fifty richest soccer clubs in 2022? In pre-Covid times, Chicago clocked round 55 million tourists in 2017. Palo Alto - $147,537 Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. 30 in the index, a. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. Moreover, dozens of Russia's most prominent companies are also headquartered in Moscow that contribute to the city's wealth, which includeRosneft, Sberbank, Russian Railways, and Lukoil. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. 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Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. 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). Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Quezon City: $1.69 billion. The number of millionaires has been growing steadily over the last 10 years, and if the trends of recent years hold, San Francisco could become the number one millionaire hub by 2040. This video will compare the top 50 richest people in the world by net worth in 2020. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. Source: Forbes Music: Beethoven 5th Symphony [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. 7 and Shanghai and Beijing staying flat at No. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. It is the largest urban economy on the planet. Billionaire refers to U.S. dollar billionaire. The city employs 36,000 people and is home to some 75, 00 people. By 900,. Surprisingly, this is the Big Apples first time atop the ranking. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. Shanghai. 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. Major metropolitan areas contributing at least 2.5% of world GDP. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. These four cities are home to 228 billionaires. Another crucial element is the neighborhood of Zhongguancun. 4, respectively. This is a list of cities in the world by gross domestic product (GDP). . 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. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. 1. India is the world's second-most populous country, with several large cities and densely inhabited areas. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Currently, you are using a shared account. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Some cities have some obvious billionaires that come to mind. 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. Then you can access your favorite statistics via the star in the header. Organisation for Economic Co-operation and Development, List of most expensive cities for expatriate employees, List of country subdivisions by GDP over 200 billion US dollars, "Gross Domestic Product: Implicit Price Deflator", "Standard country or area codes for statistical use (M49): Geographic Regions", "Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The Global Economy? Manila: $790 million. Los Angeles is a city that takes great strides to encourage economic growth. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. The Top 5 Cities in Mexico. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. 9 last year. 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