The four cities that made the top 50 in 2019 but did not make . As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. 27. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. The richest country in the world is Luxembourg. Before the Ukraine invasion, Moscow was the economic hub of Russia. 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. 30 in the index, a. Travel + Leisure. While Shenzhens export-led manufacturers have. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? This is a list of cities in the world by gross domestic product (GDP). Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). 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. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. Does your team make it in the top fifty richest soccer clubs in 2022? Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Singapore broke into the top 10, replacing Seoul, which was No. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. Pasig City: $710 million. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 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. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. 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. 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. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. Please create an employee account to be able to mark statistics as favorites. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. The city contributes about 30% of goods sold in Russia. 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 city by the bay has five fewer billionaires than a year ago in part because fortunes fell below $1 billion for former Uber CEO, . Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. London is ranked second with $2.7 billion in private wealth. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. 4, respectively. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. 3. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. 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. (March 17, 2022). He is popularly known for his role as Madea on House of Payne. In some U.S. cities, however, more than half of all households earn $70,000-plus. Greater Mumbai still is the most populated city in its 440 sq. In detail, 144 billionaires resided in the capital of China. You need a Statista Account for unlimited access. 2. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. By 2025, the city's GDP would have [] Use Ask Statista Research Service. Let me take you through the updated list of the World's richest cities as of 2022. City of Clayton -$146,225. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. Washington, D.C.. [Online]. 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. Seoul is a gorgeous city and the economic hub of South Korea. A big economic draw for San Francisco is its close proximity to Silicon Valley. 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. But what are the fastest growing cities for the rich? London City | Photo: Reuters 7. Monaco - 29.21% Millionaires. This list is incomplete, as not all companies disclose their information to the general public. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Macao SAR will climb from 17th in 2020 to 9th in 2021. , 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. Current Health Expenditure per Capita. Additionally, approximately 18% of Japan's universities are found in Tokyo. 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 billionaire's rank, nationality, and source of his or her wealth is listed. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Which Countries are Buying Russian Fossil Fuels? 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. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. San Francisco also relishes in its reputation as the sixth largest economy in the US. There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. Top Cities in the World to Visit. Which Countries Have the Lowest Inflation? 5. Among the top 50 economies having the highest gdp per capita, Macao SAR . Cebu City: $660 million. Please do not hesitate to contact me. . I cover the world's richest people and how they made their billions. Both these cities had high inflation and a strong currency. What is the Cost of Living in New Hampshire? American retail corporation Walmart has been the world's largest company by revenue since 2014. 3. 10. 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 . There are 4,000 cities and towns in India. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Swift reportedly owns about $40 million worth of property in the area. 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. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. Singapores richest resident. Organisation for Economic Co-operation and Development, List of most expensive cities for expatriate employees, List of country subdivisions by GDP over 200 billion US dollars, "Gross Domestic Product: Implicit Price Deflator", "Standard country or area codes for statistical use (M49): Geographic Regions", "Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The Global Economy? New Delhi- GDP $293.6 Billion. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Surat - City Of Sun. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. You can only download this statistic as a Premium user. 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. Business Solutions including all features. U.S. Inflation: How Much Have Prices Increased? , who is also the richest person in the nation. As a Premium user you get access to background information and details about the release of this statistic. Here are the 10 leading cities for the wealthy for 2019. The largest economy in states, New York Citys prosperity is rooted in Wall Street. 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,. Pune - Oxford Of The East. 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. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. 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. 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. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. 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. 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. 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. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. But the Nations Valentine has so much more to offer. [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. 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. 24/7 Wall Street reviewed income levels in 382 metropolitan . 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. , is also Chinas richest restaurateur the owner of Sichuan hot pot chain Haidilao is $4.2 billion richer than he was in 2019, thanks to a 53% rise in the companys stock over the past year. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. It leverages a comprehensive data set that tracks the movements and spending habits of high-net-worth individuals in over 150 cities around the world. Billionaire refers to U.S. dollar billionaire. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. 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. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. It had about 2,000 inhabitants at the time. Adding to the diversity are biotech companies and information technologies.
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