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In some U.S. cities, however, more than half of all households earn $70,000-plus. 27. area followed by Delhi, Kolkata, Bangalore and Chennai. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. As soon as this statistic is updated, you will immediately be notified via e-mail. Major sectors there include: real estate and fund management. These figures were taken after the market close on September 18, 2020. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. This is due in part to the countrys strong economic growth and favorable business environment, which has attracted many wealthy individuals and families to the country. In fact, Delhi's population can beat Tokyo by 2028. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The methodology of calculating GDP may differ between the studies and are widely based . 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. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. ", 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. 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. 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. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Major metropolitan areas contributing at least 2.5% of world GDP. The four cities that made the top 50 in 2019 but did not make . Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. It is also home to Wall Street, the financial capital of the US and the world. Loudoun County. Mapped: Which Countries Have the Highest Inflation? Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. Shibuya Crossing, one of the busiest crosswalks in the world, in Tokyo, Japan Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. . At its peak, General Motors enjoyed a 50% market share in the United States. Delhi city is the second most populated city in the world with a 30,291,000 million population. 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. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. 6 and No. The PPP is a way to meaure prices in different countries (and ultimate convert between currencies), based on the equal amount of goods and services that can be bought. 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. Does your team make it in the top fifty richest soccer clubs in 2022? Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. Wealthiest cities (amount in billions . The city employs 36,000 people and is home to some 75, 00 people. The 30 Richest People in the World - Wealthy Gorilla 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. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Being a world-class city that attracts prominent figures in the tech industry, San Francisco is one of California's most popular (and richest) cities. Taguig City: $480 million. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Top 10 Richest Cities in the World - Luxatic 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. The Big Smoke is no stranger to economic prosperity. When determining the GDP, the UN classifies 3 methods to determine it: City proper, urban area and metropolitan regions.. Our numbers for the richest cities in the world are based on the metropolitan statistical region. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. Ian Lurie on Quora calls Seattle "one of the most beautiful U.S. cities you'll find, with lots of lakes, the bay, mountains and green stuff.". Kolkata is the financial, commercial and industrial hub of the North East region. March 17, 2022. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! Sy Siblings Still at Top. The median home value for the lower Tribeca area is around $2.5 million. 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 top 10 richest cities in the Philippines. Florence, Italy - 2.59% Millionaires. Zurich, Switzerland - 27.34% Millionaires. Greater Mumbai still is the most populated city in its 440 sq. Kolkata is the third richest city in South Asia after Mumbai and Delhi. The Top 15 Cities in Asia in 2020. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Top 10 Richest Cities in the World In terms of GDP rankings Dubai in top 10. 9 last year. The San Francisco Bay Area boasts 276,400 millionaires. 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. 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. 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. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. 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. This international city has over 192,000 resident millionaires with 34 billionaires. 9 last year. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. 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, you are using a shared account. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. Cebu City: $660 million. Bloomberg: richest places in America - CNBC Using data from Wealth-X, here's a look at the top 10 cities with the highest UHNW populations: It's worth noting that six of the top 10 UHNW cities are in America. Lower down the list So, which cities are lower ranked than in previous years? 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. 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, . 50 Richest Countries in the World 2020. The typical American household earns $57,617 per year. Where are the German and Chinese Cities? Register in seconds and access exclusive features. The richest person in New York City is Bloomberg LP founder and former Mayor, $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. 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. Then you can access your favorite statistics via the star in the header. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. TOP-10 Richest cities in the world 2023 - wagecentre.com From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. Visualizing the Global Share of U.S. Stock Markets. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. 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. 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. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. You need a Statista Account for unlimited access. Finally, Oceania has two cities on the list, both located in Australia. This California city is home to prominent billionaires like Mark Zuckerberg, Laurene Powell Jobs, Brian Chesky, and Jack Dorsey, with many of these billionaires possessing assets worth over $8 billion USD. 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 list of top 50 richest football clubs in the world ranked by Forbes have been revealed. New York City: 107 Billionaires. Surat - City Of Sun. Richest Cities in the World. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. One dropoff is. 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. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. San Francisco also relishes in its reputation as the sixth largest economy in the US. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Show publisher information Some cities have some obvious billionaires that come to mind. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. 1. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. San Ramon ranks among the top ten safest cities in California. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. List of wealthiest families - Wikipedia Shanghai. 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. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 1. American retail corporation Walmart has been the world's largest company by revenue since 2014. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. Los Angeles is not California's only wealthy city! 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. 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. If that is the case, knowing its cost of living is vital. Richest Counties in the United States - [2023 Updated] - RichUpdates He worked to revolutionize transportation on earth. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. 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. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. 1. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. Rankings Data - Cities and Municipalities Competitive Index - CMCI