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Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. 1. Among the top 50 economies having the highest gdp per capita, Macao SAR . 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). Km. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. 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. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. 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. Indian richest cities 2021. 2 on the list, but the city recorded a net loss of eight billionaire residents. Surat - City Of Sun. Top 50 Richest Indians in 2022: Comprehensive List - StartupTalky To use individual functions (e.g., mark statistics as favourites, set Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. Kolkata- GDP $150.1 Billion. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. The four cities that made the top 50 in 2019 but did not make . Learn how your comment data is processed. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . Zurich, Switzerland - 27.34% Millionaires. It has more sunshine than Florida, Read More The 20 Safest Places to Live in ArizonaContinue, Generally speaking, when people set out to buy a property, they are recommended to check out the property in person before making the purchase. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. 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. This site uses Akismet to reduce spam. New York City. At its peak, General Motors enjoyed a 50% market share in the United States. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The city employs 36,000 people and is home to some 75, 00 people. Number of individuals with a net worth of $5 million or more: 49,005 Percentage of global population: 1.7% Paris is the capital and most populous city of France, with an estimated population of 2,150,271 residents as of 2020, in an area of 105 square kilometers (41 square miles). Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. Photo: @Kim Kardashian West. 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. 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. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. 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. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. Its been rapidly replaced by information tech and financial services. Top 50 Richest People in the World - Moneymint 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 . If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. City of Clayton -$146,225. In fact, London is one of the chief financial centers of the world. List of wealthiest families - Wikipedia Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. Richest Countries in the World 2022 | Global Finance Magazine Founded in 1630, Boston is one of our countries oldest cities. Quezon City: $1.69 billion. London is ranked second with $2.7 billion in private wealth. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. 10. 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. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Being the largest city of the country, Mumbai is extensively . Los Angeles is a city that takes great strides to encourage economic growth. Hong Kong is once again the city with the second most billionaires in the world. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Mapped: Which Countries Have the Highest Inflation? Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Another crucial element is the neighborhood of Zhongguancun. 2022 Rankings of Highly Urbanized Cities. Meanwhile, Barcelona dropped to No. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. 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. Top 10 Wealthiest Families in the World - Investopedia: Sharper insight The Private Industry Council works to promote the local economy via job training programs. The city with one of the most expensive real estate markets worldwide, Hong Kong ranked fourth in this list, followed by Los Angeles, which moved up from its ninth rank in 2021. Dubai Advantage | 50 Richest Countries in the World 2020 As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. 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. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. Seoul is a gorgeous city and the economic hub of South Korea. Shanghai. The median home value for the lower Tribeca area is around $2.5 million. 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. 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. 29. area followed by Delhi, Kolkata, Bangalore and Chennai. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. The 20 Richest Cities in California (Updated for 2020) - Money Inc Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Image Source. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. 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! 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. Singapores richest resident. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. The world's most expensive cities for 2022 | CNN What is the Cost of Living in New Hampshire? Dublin is the wealthiest city, with a per capita income of $115,094. 2. 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, . Leading billionaire cities 2022 | Statista Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. 9 last year. 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. 6 and No. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Other Shanghai entrepreneurs are newcomers to the list, including, , who draws his wealth from express delivery firm ZTO Express, and, , whose anime and entertainment site Bilibili, an uptick in demand after it gave residents of locked down areas. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. Top 10 Richest Cities In The World - IndiaTimes In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. 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. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Rankings of Cities and Municipalities are based on the sum of their scores on 4 Pillars: Economic Dynamism, Government Efficiency, Infrastructure, Resiliency, and Innovation.Provincial rankings are based on population and income weighted average of the Overall scores of cities and municipalities under a province. Chart. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. 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. The top 10 richest cities in the Philippines. 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 50 Most Innovative Cities in the World - Business Insider Swift reportedly owns about $40 million worth of property in the area. Additionally, approximately 18% of Japan's universities are found in Tokyo. . London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. Macao SAR will climb from 17th in 2020 to 9th in 2021. Mumbai - City Of Dreams. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. The richest cities in the world are determined by their gross domestic product, or GDP. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. Sy Siblings Still at Top. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 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. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. I cover the world's richest people and how they made their billions. Register in seconds and access exclusive features. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. Being one of Asia's most wealthy countries, South Korea is home to the capital Seoul, which witnessed an 11% increase in its millionaire population between 2019 and 2020, despite facing a global pandemic. 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. It is also home to Wall Street, the financial capital of the US and the world. By 900,. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. While such metrics are not all encompassing, these measurements of private wealth do help put the financial health and economic activity of some of the worlds wealthiest cities in perspective. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! [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. While Shenzhens export-led manufacturers have. 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. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. Asia is the region with the second most millionaires with six cities in the mix. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. These are of very low quality and should be avoided. 12. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. 6 and No. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. 10. The top ten richest cities in the world based on private wealth include: In fact, Delhi's population can beat Tokyo by 2028. Source: Forbes Music: Beethoven 5th Symphony If you live in a city where many residents find it challenging to put a roof over their heads, food on their plates, and make ends meet, you live in an expensive city. , who is also the richest person in the nation. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. MacKenzie Scott is an American novelist and philanthropist. 1. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. A big economic draw for San Francisco is its close proximity to Silicon Valley. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. 25 Best Cities in the World to Visit: World's Best 2021 - Travel + Leisure Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? Five are new billionaires from the finance industry, including private equity wizards, . More than 80% of Russias, call its capital home, including mining mogul. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Five of the 10 wealthiest cities in the world are in the US Pasay City: $350 million. The international city of romance boasts an economically wealthy status. The 10 Richest Cities in the World - WorldAtlas 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. 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 Daniel Dines and Brooklyn native Jay-Z. Kolkata is the financial, commercial and industrial hub of the North East region. Furthermore, 121. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. 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. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. He is worth $1 billion, becoming the richest actor in the world. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. 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. 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. "The Sy siblings took the biggest hit in dollar terms but remain at No. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. . 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. 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. 1. 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. the country's economy as a whole is one of the fastest growing in the world. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. Richest Cities In The World 2023 Top 10 List | Glusea.com 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.