Zurich, Switzerland - 27.34% Millionaires. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. A big economic draw for San Francisco is its close proximity to Silicon Valley. 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. 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. New York City is also considered the country's leader in finance due to its storied past. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. When is it OK to Buy a House Site Unseen as an Investor? The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. Top 100 cities with highest median household income - City-Data The Big Smoke is no stranger to economic prosperity. 6 and No. 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 . World's Richest Cities: The Top 10 Cities Billionaires Call Home 2020 San Francisco also has the highest median household income in the country. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Founded in 1630, Boston is one of our countries oldest cities. 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, . Ranked: 100 best cities in the world 2023 | Atlas & Boots Let me take you through the updated list of the World's richest cities as of 2022. The county seat of Loudoun is in Leesburg, where most administration activities take place. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Beijing also has the dubious distinction of being the knock-off capital of the world. Hong Kong is once again the city with the second most billionaires in the world. 4. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. 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. We added hundreds of new lists - see our top 101 city lists. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. 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. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. 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. In fact, according to this chart, you can see that manufacturing takes the lead with 16.6 percent followed by retail at 16.6 percent and real estate at 11.4 percent. 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. [Online]. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. It is also home to Wall Street, the financial capital of the US and the world. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. New York, U.S . Delhi city is the second most populated city in the world with a 30,291,000 million population. Major metropolitan areas contributing at least 2.5% of world GDP. The 20 Richest ZIP Codes in the USA - MoneyWise Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. Show publisher information Top 10 Richest Cities in the World In terms of GDP rankings The 15 Richest Cities in the US - MoneyWise Washington, D.C.. But the Nations Valentine has so much more to offer. Five of the 10 wealthiest cities in the world are in the US New York. Business Solutions including all features. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. This includes the burgeoning FinTech, or financial technology industries. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. 6 and No. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. 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. Ranked: The Top 10 Global Cities, by Ultra-Wealthy Population Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. The 30 Richest People in the World - Wealthy Gorilla London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. The richest city in the world is Tokyo. You need a Statista Account for unlimited access. Ahmedabad - Textile Hub Of India. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Kolkata- GDP $150.1 Billion. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The typical American household earns $57,617 per year. You only have access to basic statistics. 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. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. While the cost of living in some of the cities in these nations is low, it comes at the price of a weak currency, poor economy, and, in many cases, political and economic turmoil. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. 27. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. Tokyo, Japan- GDP: $1,520 billion. If that is the case, knowing its cost of living is vital. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. 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. $516.5. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. 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. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. List of wealthiest families - Wikipedia 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. Currently, you are using a shared account. The 10 Richest Cities in the World - WorldAtlas The Top 5 Cities in Mexico in 2020. 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. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. 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. The top ten richest cities in the world based on private wealth include: L.A. makes good use of both job training programs and development projects. This international city has over 192,000 resident millionaires with 34 billionaires. 29. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . Paris, which has topped the ECA list in the past, dropped out of the top 30. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Interactive map Top 10 Richest Cities In The World 2023 Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. 25 Best Cities in the World to Visit: World's Best 2021 - Travel + Leisure Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). 50 Richest Countries in the World 2020. Tokyo has 39 million residents which are 50% more than any other urban area of the world. One dropoff is. Top 10 Richest Cities In The World - IndiaTimes 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. Profit from the additional features of your individual account. On a related note, there is a sizeable population of secondary homeowners in London. The top 10 richest cities in the Philippines. In detail, 144 billionaires resided in the capital of China. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. Hong Kong is once again the city with the second most billionaires in the world. Trip Ideas; Known as a center of learning due to the many high caliber universities in the city such as Osaka and Kansai universities, Osaka attracts creative and innovative industries. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. City Mayors: Richest cities in the world in 2020 by GDP The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Tokyo is the most fascinating city to live in but also the most densely packed. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. 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. 7 and Shanghai and Beijing staying flat at No. 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. Top 50 Richest Football Clubs in The World 2022 - The Football Lovers 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. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. 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. - Full Size", "Gross domestic product (GDP) at basic prices, by census metropolitan area (CMA)", "Population estimates, July 1, by census metropolitan area and census agglomeration, 2016 boundaries", "Population on 1 January by age groups and sex - functional urban areas", "President: Almaty turns into large regional investment attractive centre", "Posio ocupada pelos maiores municpios brasileiros em relao ao Produto Interno Bruto, Est. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. . 2. Being the largest city of the country, Mumbai is extensively . New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. Mapped: Which Countries Have the Highest Inflation? Till 2030, Tokyo city will project to be the top-most populated city on earth. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. statistic alerts) please log in with your personal account. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. Macao SAR will climb from 17th in 2020 to 9th in 2021. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. to incorporate the statistic into your presentation at any time. Let's consider New York City. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. 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. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. 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. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. Mumbai - City Of Dreams. 1. Compared to many other states, Kentucky has low, Read More The 20 Safest Places to Live in KentuckyContinue, The price of land jumped dramatically from 2020 to the present. ", 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. Another crucial element is the neighborhood of Zhongguancun. 7 and Shanghai and Beijing staying flat at No. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. World GDP per capita Ranking 2021 - StatisticsTimes.com In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. 50 Largest Cities in the World - 24/7 Wall St. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. Makati City: $4.48 billion. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Where are the German and Chinese Cities? The world's most expensive cities for 2022 | CNN As soon as this statistic is updated, you will immediately be notified via e-mail. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. Richest Countries in the World 2022 | Global Finance Magazine Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Top 10 Richest Cities In India - TravelTriangle.com 13. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. 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. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there.