, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. 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. The county seat of Loudoun is in Leesburg, where most administration activities take place. 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. The richest country in the world is Luxembourg. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. 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. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Tokyo is the most fascinating city to live in but also the most densely packed. 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 top ten richest cities in the world based on private wealth include: statistic alerts) please log in with your personal account. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. Let me take you through the updated list of the World's richest cities as of 2022. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. , who is also the richest person in the nation. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. Use Ask Statista Research Service. Please do not hesitate to contact me. Moscow. Their net worth is based on the data from 2022 available on their respective Forbes profiles. 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. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. Both these cities had high inflation and a strong currency. Some of them have topped the rankings for decades, while some others are less well-known. This video will compare the top 50 richest people in the world by net worth in 2020. to incorporate the statistic into your presentation at any time. The place is mostly known for its stunning Renaissance architecture and is . Five are new billionaires from the finance industry, including private equity wizards, . Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. What is the Cost of Living in New Hampshire? 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. Makati City: $4.48 billion. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. The richest cities in the world are determined by their gross domestic product, or GDP. 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. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Manila: $790 million. Some cities have some obvious billionaires that come to mind. This statistic is not included in your account. Finally, Oceania has two cities on the list, both located in Australia. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Kolkata is the financial, commercial and industrial hub of the North East region. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. This international city is also attractive to domestic and foreign investors alike. Seven cities have population more than 3 million. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Statista. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). 9 last year. The Top 5 Cities in Mexico. Lower down the list So, which cities are lower ranked than in previous years? This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. In some U.S. cities, however, more than half of all households earn $70,000-plus. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? Standing as Russia's capital for centuries, the country's national wealth has been building in Moscow since the 1990s after the fall of the Soviet Union. 2022 Rankings of Highly Urbanized Cities. Furthermore, 121. 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. This list is incomplete, as not all companies disclose their information to the general public. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. India is the second largest country in the world after China. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. 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 . For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. $516.5. Dublin is the wealthiest city, with a per capita income of $115,094. 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. Its wealthiest resident, Ma Huateng, chairman and CEO of Internet media behemoth Tencent Holdings, is the second-richest person in China, after Alibaba cofounder Jack Ma. 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! A big economic draw for San Francisco is its close proximity to Silicon Valley. Zurich, Switzerland - 27.34% Millionaires. Since 1949, Beijing was considered one of China's most industrial cities. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. 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. 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. 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. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Sy Siblings Still at Top. 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. 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. 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About 300 cities have population over 1,00,000. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. In other words, the city produces poor copies of everything from designer fashions to scooters. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. 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. Refer to sources for more information. This includes the burgeoning FinTech, or financial technology industries. Pune - Oxford Of The East. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. 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. It is the largest urban economy on the planet. India is the world's second-most populous country, with several large cities and densely inhabited areas. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Los Angeles, Chicago and Houston round out the top five. . Hurun Research Institute. American retail corporation Walmart has been the world's largest company by revenue since 2014. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. Then you can access your favorite statistics via the star in the header. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. Delhi City. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. Register in seconds and access exclusive features. Among the top 50 economies having the highest gdp per capita, Macao SAR . The billionaire's rank, nationality, and source of his or her wealth is listed. Learn how your comment data is processed. The Top 25 Cities in the World in 2020. Richest Cities in the World. Get full access to all features within our Business Solutions. 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. 11. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. 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. The typical American household earns $57,617 per year. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. The top 10 richest cities in the Philippines. The Rhine-Ruhr metropolitan area is the economic power house of Germany. The international city of romance boasts an economically wealthy status. 1 with $13.9 billion. It is also home to Wall Street, the financial capital of the US and the world. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. He worked to revolutionize transportation on earth. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. San Ramon ranks among the top ten safest cities in California. Caloocan City: $360 million. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. ", Hurun Research Institute, Leading cities with the most billionaires in 2022 Statista, https://www.statista.com/statistics/299494/billionaires-top-cities/ (last visited March 04, 2023), Leading cities with the most billionaires in 2022 [Graph], Hurun Research Institute, March 17, 2022. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. 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. Leading cities with the most billionaires in 2022 [Graph]. In fact, Delhi's population can beat Tokyo by 2028. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. 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. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. The largest economy in states, New York Citys prosperity is rooted in Wall Street. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. Hong Kong remains No. 4, respectively. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. 1. Quezon City: $1.69 billion. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. The top 10. He is popularly known for his role as Madea on House of Payne. Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. The PPP value of a city (or country) is commonly used by macroeconomic analysts and economists, as its a popular metric to determine a city's standard of living and economic prosperity. 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. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. 2. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . 1. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. You need at least a Starter Account to use this feature. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. Seoul is a gorgeous city and the economic hub of South Korea. Ahmedabad - Textile Hub Of India. To use individual functions (e.g., mark statistics as favourites, set Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. But what are the fastest growing cities for the rich? Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. Two of those in Beijing are new billionaires this year: of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Meanwhile, Barcelona dropped to No. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. 10. 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. 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. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. MacKenzie Scott is an American novelist and philanthropist. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. The city contributes about 30% of goods sold in Russia. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. Rising development costs and foreign competition had already felled 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. 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.". The cities shown in our visualization are already well-established locations for high-net-worth individuals. These are of very low quality and should be avoided. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. San Francisco also has the highest median household income in the country. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. 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? A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. 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. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 10. 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. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. 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. The cannabis business is rather recent, but also encourages financial growth for the city. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. London City | Photo: Reuters 7. In fact, London is one of the chief financial centers of the world. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Major sectors there include: real estate and fund management. 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. Follow Us. Boston-Cambridge-Newton, Massachusetts. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. The ideal entry-level account for individual users. 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. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties.