4, respectively. Before the Ukraine invasion, Moscow was the economic hub of Russia. 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. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. He is worth $1 billion, becoming the richest actor in the world. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. The top 10. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Additionally, approximately 18% of Japan's universities are found in Tokyo. 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. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. 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. 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. Historically speaking, Osaka has always been thought of as a major economic center of Japan. TOP-10 Richest cities in the world 2023 - wagecentre.com The Top 5 Cities in Mexico. 2022 Rankings of Highly Urbanized Cities. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. London City | Photo: Reuters 7. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. Sy Siblings Still at Top. We added hundreds of new lists - see our top 101 city lists. Shanghai. In an attempt to rank the cities of the world according to wealth, we will use the Purchasing Power Parity (PPP) as a means of comparison. 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. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . The richest country in the world is Luxembourg. 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 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. Click on the headers to reorganize columns. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. 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. San Francisco also has the highest median household income in the country. . Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Its been rapidly replaced by information tech and financial services. Palo Alto - $147,537 Florence, Italy - 2.59% Millionaires. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. In, Hurun Research Institute. You only have access to basic statistics. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. 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. According to the United Nations' latest report on populations in cities, by 2030, "urban areas are projected to house 60 percent of people globally and one in every three people will live in . Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. The 15 Richest Cities in the US - MoneyWise India is the second largest country in the world after China. 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. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. Ranked: The Top 10 Global Cities, by Ultra-Wealthy Population The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. The city employs 36,000 people and is home to some 75, 00 people. More than 80% of Russias, call its capital home, including mining mogul. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion 6 and No. Let me take you through the updated list of the World's richest cities as of 2022. $516.5. Delhi City. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. The cities shown in our visualization are already well-established locations for high-net-worth individuals. 25 Best Cities in the World to Visit: World's Best 2021 - Travel + Leisure According to the Greater Houston Project, As retailers work to rebuild their inventories, as factories struggle to resolve supply chain issues, as the global economy continues to grow, so will the demand for Houstons exports, and so will Houston employment,. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. By 2025, the city's GDP would have [] Leading billionaire cities 2022 | Statista Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. The Big Smoke is no stranger to economic prosperity. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. The top 10 richest cities in the Philippines. 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. A big economic draw for San Francisco is its close proximity to Silicon Valley. Billionaire refers to U.S. dollar billionaire. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! In fact, the average annualy income in these neighborhoods is typically over 100,000. Countries that want to attract wealthy individuals will have to apply tax-friendly policies along with other factors such as quality of life, safety, education, and access to amenities that ultra-wealthy residents value. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. 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. - 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. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Manila: $790 million. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Meanwhile, Barcelona dropped to No. This international city is also attractive to domestic and foreign investors alike. Please create an employee account to be able to mark statistics as favorites. The 20 Richest ZIP Codes in the USA - MoneyWise Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. Interactive map The 373-page COA report covered all 81 provinces, 145 out of 146 cities, and 1,447 out of 1,488 municipalities that submitted their 2020 financial statements. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. I cover the world's richest people and how they made their billions. 1. Here are the top 10 cities in Africa where the most rich people live Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. 2. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. World's Richest Cities: The Top 10 Cities Billionaires Call Home 2020 Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. It had about 2,000 inhabitants at the time. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. ", 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. Business Solutions including all features. Cities with highest number of ultra wealthy individuals in the world About 300 cities have population over 1,00,000. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. 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. He is popularly known for his role as Madea on House of Payne. 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. It is the largest urban economy on the planet. The largest economy in states, New York Citys prosperity is rooted in Wall Street. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Richest Counties in the United States - [2023 Updated] - RichUpdates Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. Register in seconds and access exclusive features. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. The methodology of calculating GDP may differ between the studies and are widely based . Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. 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. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Learn more about how Statista can support your business. Refer to sources for more information. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. Top 10 Richest Cities In India 2021 Please do not hesitate to contact me. 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 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. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. However, its also a city steeped in industry. Top 10 Richest Cities in the World - Luxatic Top 50 Richest Football Clubs in The World 2022 - The Football Lovers Finally, London hosts some of the most prominent Fortune Global 500 companies such as Lloyds Banking Group, Prudential, J Sainsbury, BP, Tesco and Vodafone Group, among others. Though London had a net gain of one new billionaire this year, this city that appeals to the worlds elite actually has five new billionaire residents who hail from outside the United Kingdom, including Russian brothers Dmitry and Igor Bukhman, founders of online gaming firm Playrix; and Camilla de Godoy Bueno Grossi, who inherited part of the fortune of her late father, Brazilian healthcare tycoon Edson de Godoy Bueno. Both these cities had high inflation and a strong currency. Top 10 Richest Cities In The World - IndiaTimes Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. In other words, the city produces poor copies of everything from designer fashions to scooters. Top 10 Richest Cities in the World with Most Billionaires Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. 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 Wealthiest cities (amount in billions . The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart.
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