The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. 50 Richest Cities in the World | Ventured Loudoun County. 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. Meanwhile, Barcelona dropped to No. Please create an employee account to be able to mark statistics as favorites. 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. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. Pasig City: $710 million. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Statista. New York City is also considered the country's leader in finance due to its storied past. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. Dubai in top 10. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. area followed by Delhi, Kolkata, Bangalore and Chennai. 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. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Adding to the diversity are biotech companies and information technologies. Let's consider New York 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. This video will compare the top 50 richest people in the world by net worth in 2020. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. Hong Kong is once again the city with the second most billionaires in the world. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Leading cities with the most billionaires in 2022 [Graph]. Makati City: $4.48 billion. List of wealthiest families - Wikipedia The 10 Richest Cities in the World - WorldAtlas 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). , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. 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. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. to incorporate the statistic into your presentation at any time. You need at least a Starter Account to use this feature. This is because they are supposed to get a better idea, Read More When is it OK to Buy a House Site Unseen as an Investor?Continue, You might be thinking of relocating to New Hampshire for work or other reasons. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. Kim Kardashian- $1 billion. 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. Five of the 10 wealthiest cities in the world are in the US Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. 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. Major sectors there include: real estate and fund management. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. Top 10 Richest Cities in the World with Most Billionaires Its been rapidly replaced by information tech and financial services. Top 50 richest actors in the world: Who is the wealthiest? 4, respectively. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. It is also home to Wall Street, the financial capital of the US and the world. statistic alerts) please log in with your personal account. Click on the headers to reorganize columns. March 17, 2022. Let me take you through the updated list of the World's richest cities as of 2022. the country's economy as a whole is one of the fastest growing in the world. Richest Countries in the World 2022 | Global Finance Magazine Global 500 | Fortune Richest Counties in the United States - [2023 Updated] - RichUpdates - 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. Tokyo is the most fascinating city to live in but also the most densely packed. 7 and Shanghai and Beijing staying flat at No. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. 6 and No. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. Various lists of the richest families in the world (excluding royal families or autocratic ruling dynasties) are published internationally, by Forbes as well as other business magazines.. 2. 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. Here are the 10 leading cities for the wealthy for 2019. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. It is the largest urban economy on the planet. The 20 Richest Cities in the World in 2022 - Money Inc 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. When is it OK to Buy a House Site Unseen as an Investor? Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). New York City: 107 Billionaires. 25 Best Cities in the World to Visit: World's Best 2021 - Travel + Leisure . Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. Which Countries are Buying Russian Fossil Fuels? 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! By 900,. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. U.S. Inflation: How Much Have Prices Increased? In fact, Delhi's population can beat Tokyo by 2028. 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. 10 Richest Car Companies In The World - ventured.com 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. 3. [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. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. The international city of romance boasts an economically wealthy status. 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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. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. Since 1949, Beijing was considered one of China's most industrial cities. 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 Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. It checks all the boxes when it comes to being an economically successful place: physical connectedness (ports, rivers, public transporatation), investment opportunities (access to venture capital), and attracting a crowd of skilled individuals from around the globe, nurturing a culture of innovation. Visakhapatnam - Industrial Port Of India. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. The county seat of Loudoun is in Leesburg, where most administration activities take place. Being one of Asia's most wealthy countries, South Korea is home to the capital Seoul, which witnessed an 11% increase in its millionaire population between 2019 and 2020, despite facing a global pandemic. Where Are the Richest Cities in the World? - Upscale Living Mag Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. Five are new billionaires from the finance industry, including private equity wizards, . Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? Greater Mumbai still is the most populated city in its 440 sq. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. Mapped: Which Countries Have the Highest Inflation? This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. . Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. Washington, D.C.. A good part of their revenue comes from their port, which is the largest container port in the world. Air Cargo News Awards 2020. dnata wins again. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Top 50 Richest Indians in 2022: Comprehensive List - StartupTalky Top 10 Poorest Countries In The World 1. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. 9 last year. The cities shown in our visualization are already well-established locations for high-net-worth individuals. Quezon City: $1.69 billion. This site uses Akismet to reduce spam. One of the largest cities in the world with the GDP of about 1,520 billion dollars, Tokyo is the wealthiest city in the world in terms of GDP ranking. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. Here are the top 10 cities in Africa where the most rich people live 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. Pune - Oxford Of The East. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. London is known for its financial and business sectors, and it attracts a significant number of high-earning professionals who contribute to its reputation as a hub of wealth and luxury. "The Sy siblings took the biggest hit in dollar terms but remain at No. City of Clayton -$146,225. Monaco - 29.21% Millionaires. Top 10 Richest Cities in the World - Luxatic Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. "Leading cities with the most billionaires in 2022." Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. London, United Kingdom: $978.402 Billion, 2. Furthermore, 121. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Finally, Oceania has two cities on the list, both located in Australia. 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. 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. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. Seoul is a gorgeous city and the economic hub of South Korea. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. 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. While Shenzhens export-led manufacturers have. Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Reportedly, the top 20% earners in the city have an average salary of over $280,000 USD, with the top 5% earning over $530,000 USD. In fact, the average annualy income in these neighborhoods is typically over 100,000. 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. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. 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. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. Ever since, San Francisco has remained a strong financial stronghold for the state of California. The world's most expensive cities for 2022 | CNN 4. As a Premium user you get access to the detailed source references and background information about this statistic. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. This is a list of cities in the world by gross domestic product (GDP). 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. Regarded as China's financial hub, this bustling city is home to the Shanghai Stock Exchange, one of the largest stock exchanges in the world. The cannabis business is rather recent, but also encourages financial growth for the city. 1. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. These figures were taken after the market close on September 18, 2020. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. 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. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. 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. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. India's 100 Biggest Cities, Largest Cities in India - NRIOL Ahmedabad - Textile Hub Of India. Mumbai - City Of Dreams. Los Angeles is a city that takes great strides to encourage economic growth. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. San Francisco also has the highest median household income in the country. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. 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. 2013", "Bevolkingsontwikkeling; Regionale kerncijfers Nederland", "Bevolkingsontwikkeling; regio per maand", "Regional gross domestic product: Year ended March 2020", "2016 Census Community Profiles: Ballarat", "2016 Census Community Profiles: Bendigo", "The top 15 Indian cities by GDP | India's top 15 cities with the highest GDP - Yahoo India Finance", "Estimates of District Domestic Product Madhya Pradesh", "Federal Statistical Office Germany - GENESIS-Online", "Dossier on the Metropolitan City of Bologna", "Regionales Energiekonzept fr den Groraum Braunschweig", "Regional GDP per capita ranged from 31% to 626% of the EU average in 2017", "1.1 Valoarea produsului intern brut pe judee i regiuni", "Regional Population: Population estimates by Significant Urban Area, 2009 to 2019", "The Online Journal of McKinsey & Company", "Statistical Communiqu of Changsha City on the 2020 National Economic and Social Development", "Regional GDP per capita in the EU in 2010", "Regional economic activity by gross value added (balanced), UK: 1998 to 2017", "Yearly Average Currency Exchange Rates | Internal Revenue Service", "Population on 1 January by age groups and sex functional urban areas", "Tanzania: GDP at current prices, by region", "Dhaka, Bangladesh GDP and Income Distribution", "China: Shndng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", "Gross Domestic Product (GDP) of the Emirate of Dubai 20062008", "Bilancio demografico anno 2015 e popolazione residente al 31 dicembre; 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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. 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. Singapores richest resident. Swift reportedly owns about $40 million worth of property in the area. 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. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. Ranked: Americas Best Places to Work in 2023, Mapped: GDP Growth Forecasts by Country, in 2023, Charted: Teslas Unrivaled Profit Margins, Ranked: The Top Online Music Services in the U.S. by Monthly Users. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. 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 . How does a city become one of the wealthiest in the world? Top 100 Poorest Countries in the World (2023) - Information Top 10 richest cities in the world, according to Wealth-X - CNBC Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. 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. Chart. A massive powerhouse in Seoul is Samsung. Top 50 Richest Football Clubs in The World 2022 - The Football Lovers Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. 30 in the index, a. Being the largest city of the country, Mumbai is extensively . 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.