Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. New York City is also considered the country's leader in finance due to its storied past. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Sophie Ireland C-Suite Lifestyle February 21, 2020 With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. 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. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. 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. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. Kim Kardashian- $1 billion. 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. Historically speaking, Osaka has always been thought of as a major economic center of Japan. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. The 20 Richest Cities in California (Updated for 2020) - Money Inc 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. Here are the top 10 cities in Africa where the most rich people live (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? San Francisco also relishes in its reputation as the sixth largest economy in the US. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. These are of very low quality and should be avoided. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. Blessed with an affordable cost of living, two stunning shorelines, vibrant cities, and swathes of glorious scenery, its understandable, Read More The 10 Best Places to Live in Mexico for AmericansContinue, If you live in Kentucky already, then youll already be well aware that when it comes to crime, the Bluegrass State is doing pretty well for itself. Richest Countries in the World 2022 | Global Finance Magazine 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. Newsletter. The city employs 36,000 people and is home to some 75, 00 people. Major metropolitan areas contributing at least 2.5% of world GDP. 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). 25 Best Cities in the World to Visit: World's Best 2021 - Travel + Leisure Please create an employee account to be able to mark statistics as favorites. 2022 Rankings of Highly Urbanized Cities. 15 Richest Cities in India (by GDP) - WorldlistMania Top 10 Richest Cities In The World 2023 This is a list of cities in the world by gross domestic product (GDP). After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. London City | Photo: Reuters 7. "Leading cities with the most billionaires in 2022." 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. 10. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. 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. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. 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. 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. 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. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. According to the United Nations' latest report on populations in cities, by 2030, "urban areas are projected to house 60 percent of people globally and one in every three people will live in . Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. 2 on the list, but the city recorded a net loss of eight billionaire residents. I cover the world's richest people and how they made their billions. . In, Hurun Research Institute. It is also home to Wall Street, the financial capital of the US and the world. Visakhapatnam - Industrial Port Of India. The Top 25 Cities in the World in 2020. In the past, manufacturing was seen as a booming sector in Shanghai, but lately its slowed and is being replaced by financial services, trade, information tech, real estate and commerce, among others. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 The typical American household earns $57,617 per year. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. The Top 5 Cities in Mexico. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Moscow. In fact, London is one of the chief financial centers of the world. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). U.S. Inflation: How Much Have Prices Increased? 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. 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. 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. In some U.S. cities, however, more than half of all households earn $70,000-plus. 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. Some cities have some obvious billionaires that come to mind. "Leading Cities with The Most Billionaires in 2022. The median home value for the lower Tribeca area is around $2.5 million. Sy Siblings Still at Top. South Koreas Wall Street is the Korea Exchange in Yeoui Island. Follow Us. 1. New Delhi- GDP $293.6 Billion. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. Top 10 Richest Cities in the World with Most Billionaires . In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. 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. Seoul is a gorgeous city and the economic hub of South Korea. 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. Seven cities have population more than 3 million. UAE in Top 20. Hong Kong is once again the city with the second most billionaires in the world. India is the second largest country in the world after China. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . 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. In detail, 144 billionaires resided in the capital of China. 50 Richest Countries in the World 2020. 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. 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. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Washington, D.C.. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. 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. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. Richest Cities in the World. 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. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. Lets take a closer look at some of the top-ranking cities making the list. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. Global 500 | Fortune Kolkata is the financial, commercial and industrial hub of the North East region. New York City (NYC), which lost the number one slot to Beijing in 2021, has added eight new billionaires with a total net worth of $640.4 Billion. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. 4, respectively. 9 last year. Since 1949, Beijing was considered one of China's most industrial cities. 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. 27. Let's consider New York City. [Online]. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. 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. Which Countries Have the Lowest Inflation? Shanghai. The Big Smoke is no stranger to economic prosperity. Though San Francisco relishes in its economically wealthy reputation due to the nature of Silicon Valley and its billionaire population, Los Angeles enjoys a similar status. Singapores richest resident. 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. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The top 10 richest cities in the Philippines. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Access to this and all other statistics on 80,000 topics from, Show sources information 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. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. Five are new billionaires from the finance industry, including private equity wizards, . Delhi City. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. 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. By 2025, the city's GDP would have [] Founded in 1630, Boston is one of our countries oldest cities. Taguig City: $480 million. The Rhine-Ruhr metropolitan area is the economic power house of Germany. to incorporate the statistic into your presentation at any time. 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 Though residents are keen on investing in the real estate market, younger generations are finding it difficult to afford a home in Seoul due to the rising cost of real estate property and rising economic insecurity. The four cities that made the top 50 in 2019 but did not make . Cebu City: $660 million. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. As a Premium user you get access to the detailed source references and background information about this statistic. India's 100 Biggest Cities, Largest Cities in India - NRIOL Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. 2. Source: Forbes Music: Beethoven 5th Symphony As such when it comes to the richest cities in the world, New York City comes in at number 2. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Tokyo is the most fascinating city to live in but also the most densely packed. 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. Five of the 10 wealthiest cities in the world are in the U.S. Among the top 50, Aruba will climb five spots. 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. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. 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. 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. The city contributes about 30% of goods sold in Russia. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. 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. The 20 Richest ZIP Codes in the USA - MoneyWise Surprisingly, this is the Big Apples first time atop the ranking. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. L.A. makes good use of both job training programs and development projects. One dropoff is. 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. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). 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. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. The top 10 richest families in 2022 by estimated wealth are: The Walton family with $224.5 billion The Mars family with $160 billion The Koch family with $128.8 billion The Al Saud family with. A massive powerhouse in Seoul is Samsung. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. The 50 Most Innovative Cities in the World - Business Insider Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. This video will compare the top 50 richest people in the world by net worth in 2020. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. 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. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Singapore broke into the top 10, replacing Seoul, which was No. Click on the headers to reorganize columns. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. However, its also a city steeped in industry. 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. If that is the case, knowing its cost of living is vital. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. $520.1. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 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. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. 12. 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. 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. Who are the Top 50 Richest Individuals in PH? See on Forbes List - BCG You can only download this statistic as a Premium user. 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. Interactive map 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. You need a Statista Account for unlimited access. Furthermore, 121. 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. , 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. What is the top 10 richest city in the world? (2023) 1. 1. San Ramon ranks among the top ten safest cities in California.