City of Clayton -$146,225. 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. 10. The median home value for the lower Tribeca area is around $2.5 million. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Where are the German and Chinese Cities? 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. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Newsletter. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. 5. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. 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. Another crucial element is the neighborhood of Zhongguancun. MacKenzie Scott is an American novelist and philanthropist. 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. 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. Adding to the diversity are biotech companies and information technologies. 10. 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. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. It checks all the boxes when it comes to being an economically successful place: physical connectedness (ports, rivers, public transporatation), investment opportunities (access to venture capital), and attracting a crowd of skilled individuals from around the globe, nurturing a culture of innovation. Kolkata- GDP $150.1 Billion. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! Loudoun County. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. 24/7 Wall Street reviewed income levels in 382 metropolitan . Leading cities with the most billionaires in 2022 [Graph]. The Big Smoke is no stranger to economic prosperity. Rising development costs and foreign competition had already felled 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. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. Register in seconds and access exclusive features. Show publisher information Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. Lower down the list So, which cities are lower ranked than in previous years? Singapores richest resident. Use Ask Statista Research Service. We added hundreds of new lists - see our top 101 city lists. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. Richest Cities in the World. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. The typical American household earns $57,617 per year. You only have access to basic statistics. 1. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). 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 TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Let me take you through the updated list of the World's richest cities as of 2022. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. You need at least a Starter Account to use this feature. Hong Kong is once again the city with the second most billionaires in the world. Taguig City: $480 million. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. 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. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Image Source. Since 1949, Beijing was considered one of China's most industrial cities. The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. 3. The ideal entry-level account for individual users. Pasay City: $350 million. 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. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. 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. Monaco - 29.21% Millionaires. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. New York, U.S . Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. Among the top 50 economies having the highest gdp per capita, Macao SAR . She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. Zurich, Switzerland - 27.34% Millionaires. Which Countries are Buying Russian Fossil Fuels? The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. 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. This statistic is not included in your account. Quezon City: $1.69 billion. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. The Top 15 Cities in Asia in 2020. About 300 cities have population over 1,00,000. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Washington, District of Columbia: $578.985 Billion, 4. London, United Kingdom: $978.402 Billion, 2. L.A. makes good use of both job training programs and development projects. Get full access to all features within our Business Solutions. 7 and Shanghai and Beijing staying flat at No. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. There are 4,000 cities and towns in India. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. As a Premium user you get access to the detailed source references and background information about this statistic. "The Sy siblings took the biggest hit in dollar terms but remain at No. Major sectors there include: real estate and fund management. Air Cargo News Awards 2020. dnata wins again. As a Premium user you get access to background information and details about the release of this statistic. The top ten richest cities in the world based on private wealth include: New Delhi- GDP $293.6 Billion. 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? Photo: @Kim Kardashian West. 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. 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. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. The county seat of Loudoun is in Leesburg, where most administration activities take place. Basically, the metropolitan areas of Maastricht. I cover the world's richest people and how they made their billions. The richest cities in the world are determined by their gross domestic product, or GDP. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. India is the second largest country in the world after China. The international city of romance boasts an economically wealthy status. 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. 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. 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 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. He worked to revolutionize transportation on earth. A good part of their revenue comes from their port, which is the largest container port in the world. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. 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? from people staying indoors and spending more time online. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. 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. Kim Kardashian- $1 billion. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. 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 While the cost of living in some of the cities in these nations is low, it comes at the price of a weak currency, poor economy, and, in many cases, political and economic turmoil. 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. The Private Industry Council works to promote the local economy via job training programs. 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. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). 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. 1 with $13.9 billion. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. It is the largest urban economy on the planet. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). 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 Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. 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, , founders of online gaming firm Playrix; and, , who inherited part of the fortune of her late father, Brazilian healthcare tycoon, in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like, . - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? Five are new billionaires from the finance industry, including private equity wizards, . 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. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. 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. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! Statista. While Shenzhens export-led manufacturers have. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. 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. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. New York City. [Online]. 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. Beijing also has the dubious distinction of being the knock-off capital of the world. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. Swift reportedly owns about $40 million worth of property in the area. Some cities have some obvious billionaires that come to mind. New York. 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. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. The Top 5 Cities in Mexico. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. It had about 2,000 inhabitants at the time. 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. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Florence, Italy - 2.59% Millionaires. By 900,. However, Shanghai is one of Asia's most expensive cities to live in, due to its high cost of living, from real estate to daily transportation. Being the largest city of the country, Mumbai is extensively . Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. A massive powerhouse in Seoul is Samsung. . For the first time, revenues from Global 500 companies in Greater China (including Taiwan). Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. In some U.S. cities, however, more than half of all households earn $70,000-plus. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Tokyo, Japan- GDP: $1,520 billion. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. 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. UAE in Top 20. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. 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. Singapores richest resident, Zhang Yong, 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. Chart. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Moscow. March 17, 2022. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . 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. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Travel + Leisure. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. 3. Property prices fell 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 newcomer real estate developer Lun Ruixiang. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. The city contributes about 30% of goods sold in Russia. Geneva, Switzerland - 17.92% Millionaires. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. 3. 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. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. Currently, you are using a shared account. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. This northern Chinese city is not only a hub for luxury brands, it headquarters China's largest companies, many of which are considered in the Fortune Global 500. 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. Los Angeles, Chicago and Houston round out the top five. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. The top 10 richest cities in the Philippines. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Visakhapatnam - Industrial Port Of India. 30 in the index, a. 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. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. statistic alerts) please log in with your personal account. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. $516.5. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo.