Major metropolitan areas contributing at least 2.5% of world GDP. 29. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. Macao SAR will climb from 17th in 2020 to 9th in 2021. Adding to the diversity are biotech companies and information technologies. 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. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Founded in 1630, Boston is one of our countries oldest cities. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). 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. 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 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. The top 10 richest cities in the Philippines. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. 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). 3. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. 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. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. 1 with $13.9 billion. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. Five are new billionaires from the finance industry, including private equity wizards, . Available: https://www.statista.com/statistics/299494/billionaires-top-cities/, Leading cities with the most billionaires in 2022, Available to download in PNG, PDF, XLS format, Global billionaire population by region 20121, Growth of billionaire wealth globally 2020, by industry, Age distribution of billionaires globally 2021, Value added to the wealth of the world's leading billionaires during pandemic 2021, Number of billionaires worldwide by wealth source 2021, Wealth distribution of billionaires around the world 2021, Total wealth distribution of billionaires around the world 2021, Share of the global wealth held by the richest percent 2010-2021, Distribution of billionaires worldwide 2021, by gender, Youngest billionaires globally 2022, by net worth, Richest self-made women in the United States 2022, based on net worth, Distribution of billionaires in the U.S. by gender 2022, Source of billionaire's wealth worldwide in 2020, by gender, Number of ultra high net worth individuals 2021, by region, Ultra high net worth individuals 2021, by country, Share of the world's billionaires by region 2021, Number of billionaires in Europe in 2021, by country, Wealth of billionaires around the world by region 2021, Primary industries of billionaires worldwide 2021, Breakdown of the average billionaire's wealth worldwide 2021, by assets, Most affluent people in the tech industry worldwide 2022, by net worth, Countries with the biggest emigration of millionaires 2020, Average net worth of billionaires worldwide, 2013, Top 10 countries by average wealth of billionaires 2013, Top 10 countries by the number of billionaires per capita 2013, African cities with the most billionaires, as of 2014, Educational attainment of billionaires worldwide, 2013, Number of billionaires in Africa 2013, by country, Gender distribution of billionaires worldwide, 2013, Top 10 countries by percentage of female billionaires 2014, Average number of children of billionaires worldwide, 2013, Marital status of billionaires worldwide, 2013, Source of billionaire's wealth worldwide, 2013, Average age of billionaires worldwide, 2013, Number of billionaires in select European cities 2014-2018, Top 10 countries by the percentage of female billionaires 2013, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports, the most significant industries in the global billionaire production line. But what are the fastest growing cities for the rich? 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. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? Mapped: Which Countries Have the Highest Inflation? For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! In detail, 144 billionaires resided in the capital of China. Profit from the additional features of your individual account. Wealthiest cities (amount in billions . Another crucial element is the neighborhood of Zhongguancun. 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. Surprisingly, this is the Big Apples first time atop the ranking. Use Ask Statista Research Service. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. San Ramon ranks among the top ten safest cities in California. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. These are the 10 wealthiest cities in the world - and the number of wealthy individuals who live in each of them - according to Henley & Partners' report. You need a Statista Account for unlimited access. MacKenzie Scott is an American novelist and philanthropist. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Manila: $790 million. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. Click on the headers to reorganize columns. About 300 cities have population over 1,00,000. 2. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Show publisher information New York City: 107 Billionaires. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. 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. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. Dubai in top 10. Makati City: $4.48 billion. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Richest Places in the World According to a recent study by Forbes, the five richest cities in the world are Tokyo, New York City, Los Angeles, London, and Paris. There are 4,000 cities and towns in India. 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. 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. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Which Countries are Buying Russian Fossil Fuels? Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. 1. New York City is also considered the country's leader in finance due to its storied past. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. Cebu City: $660 million. Kolkata- GDP $150.1 Billion. 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. 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. "The Sy siblings took the biggest hit in dollar terms but remain at No. More than 80% of Russias, call its capital home, including mining mogul. U.S. Inflation: How Much Have Prices Increased? Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. Km. London, United Kingdom: $978.402 Billion, 2. 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. In, Hurun Research Institute. As such when it comes to the richest cities in the world, New York City comes in at number 2. Pasay City: $350 million. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. The San Francisco Bay Area boasts 276,400 millionaires. Two of those in Beijing are new billionaires this year: Larry Xiangdong Chen of GSX Techedu and Liu Yachao of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Here are the 10 leading cities for the wealthy for 2019. Top 100 City Lists Top 100 cities with highest median household income Top 100 cities with highest median household income Previous toplist Next toplist New! Washington, D.C.. Lets take a closer look at some of the top-ranking cities making the list. It had about 2,000 inhabitants at the time. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. 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. To use individual functions (e.g., mark statistics as favourites, set India is the world's second-most populous country, with several large cities and densely inhabited areas. Tokyo, Japan- GDP: $1,520 billion. 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. The ideal entry-level account for individual users. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. The county seat of Loudoun is in Leesburg, where most administration activities take place. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. Chart. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. San Francisco also relishes in its reputation as the sixth largest economy in the US. In fact, Delhi's population can beat Tokyo by 2028. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . 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. The Rhine-Ruhr metropolitan area is the economic power house of Germany. What is the Cost of Living in New Hampshire? 1. 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. Please do not hesitate to contact me. Zurich, Switzerland - 27.34% Millionaires. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. Beijing also has the dubious distinction of being the knock-off capital of the world. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. March 17, 2022. The richest cities in the world are determined by their gross domestic product, or GDP. Pune - Oxford Of The East. The billionaire's rank, nationality, and source of his or her wealth is listed. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. The LSE is one of the largest stock exchanges in Europe, encompassing assets from over 2,400 companies, with many of these companies using London as their central headquarters. 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. Meanwhile, Barcelona dropped to No. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). How does a city become one of the wealthiest in the world? This statistic is not included in your account. 2. If you are an admin, please authenticate by logging in again. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. 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. 7 and Shanghai and Beijing staying flat at No. Current Health Expenditure per Capita. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. Geneva, Switzerland - 17.92% Millionaires. Lower down the list So, which cities are lower ranked than in previous years? 50 Richest Countries in the World 2020. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Singapore has one of the highest densities of millionaire households in Asia, with over 5% of households having at least $1 million USD in net financial assets. Visualizing the Global Share of U.S. Stock Markets. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Hurun Research Institute. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. Boston-Cambridge-Newton, Massachusetts. 2022 Rankings of Highly Urbanized Cities. 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. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. According to Jennifer Reynolds, Pre4sident and CEO of Toronto Finance International, Torontos success is due in large part to the strength and significant growth of its financial industry. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. 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 Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. London City | Photo: Reuters 7. Boasting a financially fruitful economy, the Big Apple is known for its abundantly wealthy population, with a the collective wealth of over $3 trillion USD. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. Finally, Oceania has two cities on the list, both located in Australia. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. The city contributes about 30% of goods sold in Russia. Leading cities with the most billionaires in 2022 [Graph]. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. The richest country in the world is Luxembourg. London is ranked second with $2.7 billion in private wealth. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. 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. Singapore broke into the top 10, replacing Seoul, which was No. This included plans of action to assist with rent, taxes, business subsidies and more. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. 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. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. 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? This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. 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. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. 10. Refer to sources for more information. Paris, which has topped the ECA list in the past, dropped out of the top 30. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Newsletter. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Their net worth is based on the data from 2022 available on their respective Forbes profiles. Most of the cities in our list have a similar history in terms of long-standing economical power (Tokyo, Paris, London), while others seem to have gained most of their wealth in the past 2 to 3 decades (San Francisco.). Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. This site uses Akismet to reduce spam. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 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 . 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. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! By 900,. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. Caloocan City: $360 million. Learn more about how Statista can support your business. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. Tourism not only pumps money into San Francisco's economy by way of tourist spending, it also offers a source of jobs in the city. Beijing is the capital of China and has a population of over 20 million. Top Cities in the World to Visit. Delhi City. I cover the world's richest people and how they made their billions. 12. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. These four cities are home to 228 billionaires. Does your team make it in the top fifty richest soccer clubs in 2022? 2 on the list, but the city recorded a net loss of eight billionaire residents. Some cities have some obvious billionaires that come to mind. As a Premium user you get access to background information and details about the release of this statistic. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. 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. 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. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. 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. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. Shanghai. 11. ", 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. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. 1. 2. 1. - 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. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. 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. Here are the 10 cities in the world with the most billionaires: New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. 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.

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