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. 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. The city contributes about 30% of goods sold in Russia. (March 17, 2022). Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. The Periodic Table of Commodity Returns (2013-2022), Visualizing 25 Years of Lithium Production, by Country, Ranked: The Worlds Largest Copper Producers, All the Metals We Mined in 2021: Visualized, Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, A Visual Crash Course on Geothermal Energy. Indian richest cities 2021. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. 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! Singapore broke into the top 10, replacing Seoul, which was No. She was the wife of Jeff Bezos, founder of Amazon. This list is incomplete, as not all companies disclose their information to the general public. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Founded in 1630, Boston is one of our countries oldest cities. 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. Kolkata is the financial, commercial and industrial hub of the North East region. 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. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. 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. Get full access to all features within our Business Solutions. 1. 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. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. New York City, USA: $1,330.000 Billion. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. Seven cities have population more than 3 million. San Francisco also has the highest median household income in the country. MacKenzie Scott is an American novelist and philanthropist. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. A good part of their revenue comes from their port, which is the largest container port in the world. 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. Trip Ideas; Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. It is also home to Wall Street, the financial capital of the US and the world. Hurun Research Institute. Basically, the metropolitan areas of Maastricht. Gautam Shantilal Adani. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Statista. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. Lets take a closer look at some of the top-ranking cities making the list. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. In, Hurun Research Institute. 1. 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 cities shown in our visualization are already well-established locations for high-net-worth individuals. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. 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. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! The Rhine-Ruhr metropolitan area is the economic power house of Germany. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. $516.5. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. 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. Pasig City: $710 million. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. 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 StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. . Its been rapidly replaced by information tech and financial services. Loudoun County. Singapores richest resident. There are 4,000 cities and towns in India. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. This site uses Akismet to reduce spam. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Moreover, dozens of Russia's most prominent companies are also headquartered in Moscow that contribute to the city's wealth, which includeRosneft, Sberbank, Russian Railways, and Lukoil. In detail, 144 billionaires resided in the capital of China. [3] List [ edit] Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. You can only download this statistic as a Premium user. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. The Big Apple has historically been a hub for trade and investment, due to a buzzing port and its very well connected location, with rivers and canal systems reaching out to the midwest. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. 27. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. 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. If you are an admin, please authenticate by logging in again. The international city of romance boasts an economically wealthy status. This international city is also attractive to domestic and foreign investors alike. In addition, Singapores political stability, low crime rate, and high standard of living have also contributed to its appeal as a place to live and work. 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 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. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). 9 last year. Ahmedabad - Textile Hub Of India. Seoul is a gorgeous city and the economic hub of South Korea. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. The San Francisco Bay Area boasts 276,400 millionaires. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Mapped: Which Countries Have the Highest Inflation? How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. 10. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. 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. The ideal entry-level account for individual users. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. 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. Are you interested in testing our business solutions? Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. 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. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. 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. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. One dropoff is. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. The top ten richest cities in the world based on private wealth include: Among the top 50, Aruba will climb five spots. 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Hong Kong is once again the city with the second most billionaires in the world. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. 2022 Rankings of Highly Urbanized Cities. 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! Historically speaking, Osaka has always been thought of as a major economic center of Japan. Hong Kong remains No. In total, these 30 people control. Dublin is the wealthiest city, with a per capita income of $115,094. Florence, Italy - 2.59% Millionaires. Does your team make it in the top fifty richest soccer clubs in 2022? About 300 cities have population over 1,00,000. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). 13. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. Beijing also has the dubious distinction of being the knock-off capital of the world. 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. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. L.A. makes good use of both job training programs and development projects. Delhi City. 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. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. 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. Billionaire refers to U.S. dollar billionaire. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Today, with 272,400 millionaires, the city holds a more humble position. 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. Some cities have some obvious billionaires that come to mind. 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. New Delhi- GDP $293.6 Billion. Moscow. 29. At its peak, General Motors enjoyed a 50% market share in the United States. Which Countries are Buying Russian Fossil Fuels? As such when it comes to the richest cities in the world, New York City comes in at number 2. Pasay City: $350 million. Both these cities had high inflation and a strong currency. How does a city become one of the wealthiest in the world? Learn how your comment data is processed. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. 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. It is the largest urban economy on the planet. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. India is the world's second-most populous country, with several large cities and densely inhabited areas. After all, its Philadelphias rich history that fuels the tourist trade that brings over 2 million visitors from both the U.S. and foreign countries every year. 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. Each of the columns in the table is sortable by pressing on the arrows at the head of the column: Cities (metropolitan areas) by percentage of national GDP. 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. Geneva, Switzerland - 17.92% Millionaires. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. 9 last year. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. 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. 3. South Koreas Wall Street is the Korea Exchange in Yeoui Island. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. New York City. The Top 15 Cities in Asia in 2020. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. UAE in Top 20. 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. Other Shanghai entrepreneurs are newcomers to the list, including Wang Jilei, who draws his wealth from express delivery firm ZTO Express, and Chen Rui, whose anime and entertainment site Bilibili saw an uptick in demand after it gave residents of locked down areas free access to premium content. Caloocan City: $360 million. To use individual functions (e.g., mark statistics as favourites, set Where are the German and Chinese Cities? 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. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. Retail Investors Most Popular Stocks of 2023 So Far, Consumer Price Inflation, by Type of Good or Service (2000-2022), Mapped: Unemployment Forecasts, by Country in 2023, Decoding Googles AI Ambitions (and Anxiety), Ranked: Americas 20 Biggest Tech Layoffs Since 2020, Infographic: Generative AI Explained by AI, Infographic: 11 Tech Trends to Watch in 2023, Ranked: The Top 50 Most Visited Websites in the World, Visualized: The Most (and Least) Expensive Cities to Live In, Visualizing $65 Trillion in Hidden Dollar Debt, Visualizing the Relationship Between Cancer and Lifespan, Visualizing How COVID-19 Antiviral Pills and Vaccines Work at the Cellular Level, Mapped: The Most Common Illicit Drugs in the World. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. Some of them have topped the rankings for decades, while some others are less well-known. As a Premium user you get access to the detailed source references and background information about this statistic. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Kolkata is the third richest city in South Asia after Mumbai and Delhi. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. Richest Cities in the World. 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. 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. Washington, District of Columbia: $578.985 Billion, 4. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Chart. 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. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. Ranked: The Worlds Richest Billionaires Over the Past 10 Years, All of the Worlds Money and Markets in One Visualization (2022), The U.S. and China Account for Half the Worlds Household Wealth, Charting the Relationship Between Wealth and Happiness, by Country, Mapped: The Wealthiest Billionaire in Each U.S. State in 2022, Poll: Inflation is the Top Financial Concern for Americans, From New York to Damascus, this infographic uses EIU cost of living data to rank the worlds most and least expensive cities to live in.
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