In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. Register in seconds and access exclusive features. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Please do not hesitate to contact me. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. 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. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. 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. Delhi city is the second most populated city in the world with a 30,291,000 million population. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. This statistic is not included in your account. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. Washington, D.C.. area followed by Delhi, Kolkata, Bangalore and Chennai. 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. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Boston-Cambridge-Newton, Massachusetts. 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. Their net worth is based on the data from 2022 available on their respective Forbes profiles. About 300 cities have population over 1,00,000. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. Among the top 50 economies having the highest gdp per capita, Macao SAR . Penthouses in the 30 Park Place complex are currently listed for 10 times as much. Top Cities in the World to Visit. MacKenzie Scott is an American novelist and philanthropist. Furthermore, 121. Kolkata- GDP $150.1 Billion. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. 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. This international city has over 192,000 resident millionaires with 34 billionaires. 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. Florence, Italy - 2.59% Millionaires. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. 13. Air Cargo News Awards 2020. dnata wins again. from people staying indoors and spending more time online. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. Rising development costs and foreign competition had already, 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. 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. 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). In pre-Covid times, Chicago clocked round 55 million tourists in 2017. , 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. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. Zhongguancun is considered the Silicon Valley of China and is deeply rooted in the electronics and high-tech industries such as Microsoft, Sony and Google. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. London, United Kingdom: $978.402 Billion, 2. The typical American household earns $57,617 per year. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities 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. Photo: @Kim Kardashian West. 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. You need at least a Starter Account to use this feature. Here are the 10 leading cities for the wealthy for 2019. ", 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. A huge part of this development was the influx of multi-national corporations. 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 Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. The international city of romance boasts an economically wealthy status. 10. A paid subscription is required for full access. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. He worked to revolutionize transportation on earth. San Francisco also has the highest median household income in the country. 1. Beijing is the capital of China and has a population of over 20 million. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. 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. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. Then you can access your favorite statistics via the star in the header. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Another crucial element is the neighborhood of Zhongguancun. London City | Photo: Reuters 7. The ideal entry-level account for individual users. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. You can only download this statistic as a Premium user. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. The top 10. The city employs 36,000 people and is home to some 75, 00 people. 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. The city contributes about 30% of goods sold in Russia. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. 30 in the index, a. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. The San Francisco Bay Area boasts 276,400 millionaires. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. 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 international megacity is the country's bustling financial and commercial hub, with its economic wealth tied to its services in finance, healthcare, professional and business services, retail, and education. Palo Alto - $147,537 The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. 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. Billionaire refers to U.S. dollar billionaire. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Km. By 500 A.D., Constantinople modern-day Istanbul was home to about half a million people (it's now the fourth-largest city on the planet). 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. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. 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. , who is also the richest person in the nation. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. 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. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. City of Clayton -$146,225. Ahmedabad - Textile Hub Of India. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. 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? American retail corporation Walmart has been the world's largest company by revenue since 2014. A good part of their revenue comes from their port, which is the largest container port in the world. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. $520.1. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. 29. Among the top 50, Aruba will climb five spots. Use Ask Statista Research Service. $516.5. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. [3] The methodology of calculating GDP may differ between the studies and are widely based on projections and sometimes approximate estimations, notably for cities that are not within the Organisation for Economic Co-operation and Development. The metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. Visakhapatnam - Industrial Port Of India. Major sectors there include: real estate and fund management. 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. A big economic draw for San Francisco is its close proximity to Silicon Valley. 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 Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Quezon City: $1.69 billion. 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 is the economic hub of Japan and is one of the most important cities in the world for business and finance. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. If you are an admin, please authenticate by logging in again. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Sy Siblings Still at Top. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. 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. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. 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 decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. 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. 2. By 900,. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. 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. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. 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. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. 4, respectively. Los Angeles, Chicago and Houston round out the top five. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. ed 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. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. These are of very low quality and should be avoided. The Top 5 Cities in Mexico. 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. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. 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.
