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But the Nations Valentine has so much more to offer. This list is incomplete, as not all companies disclose their information to the general public. Source: Forbes Music: Beethoven 5th Symphony Km. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. The top 10. March 17, 2022. ", Hurun Research Institute, Leading cities with the most billionaires in 2022 Statista, https://www.statista.com/statistics/299494/billionaires-top-cities/ (last visited March 04, 2023), Leading cities with the most billionaires in 2022 [Graph], Hurun Research Institute, March 17, 2022. 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. New Delhi- GDP $293.6 Billion. London is known for its financial and business sectors, and it attracts a significant number of high-earning professionals who contribute to its reputation as a hub of wealth and luxury. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? 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. In the list of Forbes' Philippines' 50 Richest 2020, the Sy siblings remain at the number one spot of Philippines' Rich List for this year with a net worth of $13.9 Billion despite losing $3.3 Billion due to the pandemic. Leading cities with the most billionaires in 2022 [Graph]. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. 2 on the list, but the city recorded a net loss of eight billionaire residents. Tokyo is the most fascinating city to live in but also the most densely packed. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Major metropolitan areas contributing at least 2.5% of world GDP. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. Sy Siblings Still at Top. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. The richest country in the world is Luxembourg. 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. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Though San Francisco relishes in its economically wealthy reputation due to the nature of Silicon Valley and its billionaire population, Los Angeles enjoys a similar status. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. The San Francisco Bay Area boasts 276,400 millionaires. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. 1. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. London City | Photo: Reuters 7. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. Boston-Cambridge-Newton, Massachusetts. Air Cargo News Awards 2020. dnata wins again. 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. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. Boasting a financially fruitful economy, the Big Apple is known for its abundantly wealthy population, with a the collective wealth of over $3 trillion USD. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. Geneva, Switzerland - 17.92% Millionaires. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. L.A. makes good use of both job training programs and development projects. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. The metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. The richest cities in the world are determined by their gross domestic product, or GDP. Moscow. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. 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. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. 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. 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. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). 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. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. This statistic is not included in your account. You only have access to basic statistics. 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. 2013", "Bevolkingsontwikkeling; Regionale kerncijfers Nederland", "Bevolkingsontwikkeling; regio per maand", "Regional gross domestic product: Year ended March 2020", "2016 Census Community Profiles: Ballarat", "2016 Census Community Profiles: Bendigo", "The top 15 Indian cities by GDP | India's top 15 cities with the highest GDP - Yahoo India Finance", "Estimates of District Domestic Product Madhya Pradesh", "Federal Statistical Office Germany - GENESIS-Online", "Dossier on the Metropolitan City of Bologna", "Regionales Energiekonzept fr den Groraum Braunschweig", "Regional GDP per capita ranged from 31% to 626% of the EU average in 2017", "1.1 Valoarea produsului intern brut pe judee i regiuni", "Regional Population: Population estimates by Significant Urban Area, 2009 to 2019", "The Online Journal of McKinsey & Company", "Statistical Communiqu of Changsha City on the 2020 National Economic and Social Development", "Regional GDP per capita in the EU in 2010", "Regional economic activity by gross value added (balanced), UK: 1998 to 2017", "Yearly Average Currency Exchange Rates | Internal Revenue Service", "Population on 1 January by age groups and sex functional urban areas", "Tanzania: GDP at current prices, by region", "Dhaka, Bangladesh GDP and Income Distribution", "China: Shndng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", "Gross Domestic Product (GDP) of the Emirate of Dubai 20062008", "Bilancio demografico anno 2015 e popolazione residente al 31 dicembre; 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The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 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. Its been rapidly replaced by information tech and financial services. Currently, you are using a shared account. 10. Hurun Research Institute. Major sectors there include: real estate and fund management. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. 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. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. , who is also the richest person in the nation. In some U.S. cities, however, more than half of all households earn $70,000-plus. 30 in the index, a. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? The richest city in the world is Tokyo. The median home value for the lower Tribeca area is around $2.5 million. 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). Furthermore, being a world-class city, Seoul's cost of living is high compared to other cities in Asia, especially in regards to its real estate prices. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. area followed by Delhi, Kolkata, Bangalore and Chennai. Loudoun County. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. The Top 25 Cities in the World in 2020. 1. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. New York. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. 1. Founded in 1630, Boston is one of our countries oldest cities. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. The ideal entry-level account for individual users. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. MacKenzie Scott is an American novelist and philanthropist. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. How does a city become one of the wealthiest in the world? 5. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. 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. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. Florence, Italy - 2.59% Millionaires. Palo Alto - $147,537 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 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. Its wealthiest resident, Ma Huateng, chairman and CEO of Internet media behemoth Tencent Holdings, is the second-richest person in China, after Alibaba cofounder Jack Ma. 4. 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. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. You need a Statista Account for unlimited access. 3. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Kolkata is the financial, commercial and industrial hub of the North East region. Kolkata is the third richest city in South Asia after Mumbai and Delhi. A good part of their revenue comes from their port, which is the largest container port in the world. The city contributes about 30% of goods sold in Russia. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. American retail corporation Walmart has been the world's largest company by revenue since 2014. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Ahmedabad - Textile Hub Of India. 1. This international city has over 192,000 resident millionaires with 34 billionaires. 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. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. 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. - 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. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. 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. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Which Countries are Buying Russian Fossil Fuels? In fact, London is one of the chief financial centers of the world. Tourism is another major contributor to the economy of Philadelphia. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. 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 TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). At its peak, General Motors enjoyed a 50% market share in the United States. 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. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. 7 and Shanghai and Beijing staying flat at No. Does your team make it in the top fifty richest soccer clubs in 2022? Singapore and New York City tied for the first rank amongst the worlds most expensive cities in 2022, pushing Israels Tel Aviv from the first place in 2021 to the third place in 2022. Singapores richest resident. Till 2030, Tokyo city will project to be the top-most populated city on earth. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. 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. (March 17, 2022). At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. 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. Monaco - 29.21% Millionaires. The cannabis business is rather recent, but also encourages financial growth for the city. Hong Kong is once again the city with the second most billionaires in the world. 2. Here are the 10 leading cities for the wealthy for 2019. Travel + Leisure. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion.