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In fact, Delhi's population can beat Tokyo by 2028. RICHEST RESIDENT: VLADIMIR POTANIN, $19.7 BILLION Getty Images Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. 1. 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. Leading cities with the most billionaires in 2022 [Graph]. 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. 2 on the list, but the city recorded a net loss of eight billionaire residents. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. "Leading cities with the most billionaires in 2022." South Koreas Wall Street is the Korea Exchange in Yeoui Island. Boston-Cambridge-Newton, Massachusetts. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. [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. Caloocan City: $360 million. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. A huge part of this development was the influx of multi-national corporations. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. Meanwhile, Barcelona dropped to No. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. 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. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. Taguig City: $480 million. 3. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. 2. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. If that is the case, knowing its cost of living is vital. 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. 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. 4. 2022 Rankings of Highly Urbanized Cities. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. The Top 15 Cities in Asia in 2020. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Lets take a closer look at some of the top-ranking cities making the list. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. Before the Ukraine invasion, Moscow was the economic hub of Russia. Statista. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. You need at least a Starter Account to use this feature. 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. 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. 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. These are of very low quality and should be avoided. 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. The ideal entry-level account for individual users. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 10. Richest Cities in the World. 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! The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Among the top 50, Aruba will climb five spots. 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. 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. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. 27. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. At its peak, General Motors enjoyed a 50% market share in the United States. You only have access to basic statistics. Business Solutions including all features. Please create an employee account to be able to mark statistics as favorites. Hurun Research Institute. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. 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. 2 on the list, but the city recorded a net loss of eight billionaire residents. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. On a related note, there is a sizeable population of secondary homeowners in London. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. 10. Km. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. 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. 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. Blessed with an affordable cost of living, two stunning shorelines, vibrant cities, and swathes of glorious scenery, its understandable, Read More The 10 Best Places to Live in Mexico for AmericansContinue, If you live in Kentucky already, then youll already be well aware that when it comes to crime, the Bluegrass State is doing pretty well for itself. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. This statistic is not included in your account. Shanghai. 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. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. These figures were taken after the market close on September 18, 2020. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. 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. Currently, you are using a shared account. 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. American retail corporation Walmart has been the world's largest company by revenue since 2014. Macao SAR will climb from 17th in 2020 to 9th in 2021. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. Get full access to all features within our Business Solutions. "Leading Cities with The Most Billionaires in 2022. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. 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. New York City, USA: $1,330.000 Billion. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Moscow. 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 TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. 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. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. March 17, 2022. The 150 richest cities in the world by GDP in 2020 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. 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 Pasig City: $710 million. You can only download this statistic as a Premium user. Seven cities have population more than 3 million. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. 11. Available: https://www.statista.com/statistics/299494/billionaires-top-cities/, Leading cities with the most billionaires in 2022, Available to download in PNG, PDF, XLS format, Global billionaire population by region 20121, Growth of billionaire wealth globally 2020, by industry, Age distribution of billionaires globally 2021, Value added to the wealth of the world's leading billionaires during pandemic 2021, Number of billionaires worldwide by wealth source 2021, Wealth distribution of billionaires around the world 2021, Total wealth distribution of billionaires around the world 2021, Share of the global wealth held by the richest percent 2010-2021, Distribution of billionaires worldwide 2021, by gender, Youngest billionaires globally 2022, by net worth, Richest self-made women in the United States 2022, based on net worth, Distribution of billionaires in the U.S. by gender 2022, Source of billionaire's wealth worldwide in 2020, by gender, Number of ultra high net worth individuals 2021, by region, Ultra high net worth individuals 2021, by country, Share of the world's billionaires by region 2021, Number of billionaires in Europe in 2021, by country, Wealth of billionaires around the world by region 2021, Primary industries of billionaires worldwide 2021, Breakdown of the average billionaire's wealth worldwide 2021, by assets, Most affluent people in the tech industry worldwide 2022, by net worth, Countries with the biggest emigration of millionaires 2020, Average net worth of billionaires worldwide, 2013, Top 10 countries by average wealth of billionaires 2013, Top 10 countries by the number of billionaires per capita 2013, African cities with the most billionaires, as of 2014, Educational attainment of billionaires worldwide, 2013, Number of billionaires in Africa 2013, by country, Gender distribution of billionaires worldwide, 2013, Top 10 countries by percentage of female billionaires 2014, Average number of children of billionaires worldwide, 2013, Marital status of billionaires worldwide, 2013, Source of billionaire's wealth worldwide, 2013, Average age of billionaires worldwide, 2013, Number of billionaires in select European cities 2014-2018, Top 10 countries by the percentage of female billionaires 2013, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports, the most significant industries in the global billionaire production line. 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. New York, U.S . Where are the German and Chinese Cities? Geneva, Switzerland - 17.92% Millionaires. This includes the burgeoning FinTech, or financial technology industries. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Greater Mumbai still is the most populated city in its 440 sq. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. 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, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. 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. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Indian richest cities 2021. 4, respectively. 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. Surprisingly, this is the Big Apples first time atop the ranking. Among the top 50 economies having the highest gdp per capita, Macao SAR . After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Singapores richest resident. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. 1. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. Los Angeles, Chicago and Houston round out the top five. 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). Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. More than 80% of Russias, call its capital home, including mining mogul. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. 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. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). San Ramon ranks among the top ten safest cities in California. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. The richest city in the world is Tokyo. 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. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. 7 and Shanghai and Beijing staying flat at No. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Pasay City: $350 million. 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. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. 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. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. London City | Photo: Reuters 7. Major metropolitan areas contributing at least 2.5% of world GDP. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. San Francisco also relishes in its reputation as the sixth largest economy in the US. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. Asia is the region with the second most millionaires with six cities in the mix. 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. In the past, manufacturing was seen as a booming sector in Shanghai, but lately its slowed and is being replaced by financial services, trade, information tech, real estate and commerce, among others. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Beijing also has the dubious distinction of being the knock-off capital of the world. To this day, Macao is the only country on the list whose per-capita purchasing power is lower than it was before the start of the pandemicabout $125,000 in 2019, down by $40,000 today. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. The cannabis business is rather recent, but also encourages financial growth for the city. Learn more about how Statista can support your business. Till 2030, Tokyo city will project to be the top-most populated city on earth. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. A good part of their revenue comes from their port, which is the largest container port in the world. Another crucial element is the neighborhood of Zhongguancun. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. He is popularly known for his role as Madea on House of Payne. 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. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. 4, respectively. (March 17, 2022). The Top 5 Cities in Mexico. 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. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . - Mappe, Popolazione, Statistiche Demografiche dell'ISTAT", "Total Real Gross Domestic Product for Wichita, KS (MSA)", "Population estimates by selected Non-ABS Structures, 2010-2020", "China: Gungdng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", https://en.wikipedia.org/w/index.php?title=List_of_cities_by_GDP&oldid=1142520927, This page was last edited on 2 March 2023, at 21:41. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. The manufacturing and export hub across from Hong Kong added five members to the three-comma-club in the last year, all of them self-made. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Here are the 10 leading cities for the wealthy for 2019. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. The typical American household earns $57,617 per year. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Mapped: Which Countries Have the Highest Inflation? 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. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. Cebu City: $660 million. 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. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Image Source. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. 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. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. 1. The richest cities in the world are determined by their gross domestic product, or GDP. Visakhapatnam - Industrial Port Of India. 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